Gavin Jones, Director of Iraq Business News, and Partner at consultancy firm Upper Quartile, was recently interviewed by Iraq's Radio Dijla. The full transcript is shown below: Radio Dijla: How do foreign investors look at the Iraqi market today? Gavin Jones: There are three main reasons for foreign investors committing to a market – a […]
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The Financial Times ran an article on Wednesday by Farouk Soussa, Citigroup’s Chief Economist for the Middle East. While we're all used to hearing the statistics and projections, Mr Soussa gave us a more engaging metaphor for Iraq's potentially prosperous future: “Beneath the unsettled surface, Iraq is an economic giant, slowly but surely awakening after […]
Sunday 20th of June 2010, there was a real buzz in downtown Baghdad. Iraqi businessmen queued for hours to get through the security checks for the chance to discover American or British companies that could supply goods or services of quality. The Baghdad Catalogue Show was an event that really demonstrated the strong desire and […]
Markets hate uncertainty, but history has shown us that times of uncertainty create the greatest opportunities. Warren Buffett's famous saying, “be fearful when others are greedy, and be greedy when others are fearful”, is true whether referring to the stock market or to risk-taking in general. And Iraq is giving us plenty of risk and […]
The visit to Iraq last weekend by US Vice-President, Joseph Biden, may help to accelerate the process of forming the next government, but the frustrating delays in reaching an agreement highlight the risks of doing business in 'frontier' countries. Often, though, our perception of risk can be out of step with reality, and what appears […]
More than 120 companies and almost 100 Iraqi business and government representatives participated in a catalogue show in Baghdad on Sunday the 20th June. The event was managed and organised by Upper Quartile and co-sponsored by the U.S. Embassy Baghdad, Baghdad Provincial Reconstruction Team, and G4S. It was another first for Upper Quartile, a follow on […]
Prime Minister Nouri al-Maliki and his main rival for the top position, Ayad Allawi, met on Tuesday to discuss a resolution to the ongoing parliamentary stalemate. This was only the second meeting between the two men since the inconclusive 7th March election. While this was welcome news, Ali al-Dabbagh, a spokesman for the prime minister, […]
As the new Iraqi parliament remained deadlocked on the formation of a new government, frustrated Iraqis took to the summer streets in protest at the government's failure to provide an adequate and reliable supply of electricity. With peak temperatures of nearly 50C (120F), and many Iraqis still getting less than six hours of electricity per […]
“This will be a strategic meeting to review energy skills and training requirements in Iraq and how these can be met/supported using the GetEnergy Events and GetEnergy Bridge software system as a platform” said Phil Andrews, CEO of GetEnergy.
The Show taking place on the 20th of June will be opened by Iraq’s Deputy Prime Minister and has been organised with the support of the US Commercial Service and Baghdad Provincial Reconstruction Team.
My view is that the Iraqi Government has been a great deal more astute than many of the Governments advising them - 20:20 hindsight is wonderful – but we have come a long way since the world announced last years licence round as a flop