http://www.iraqupdates.com/p_articles.php/scat/24 The latest news about Business News in Iraq en support@iraqupdates.com support@iraqupdates.com PHP RSS Feed Generator The Iranian currency, the toman, has lost half its value vis-à-vis the Iraqi dinar in the past few weeks, Iraqi traders say. http://www.iraqupdates.com/p_articles.php/article/107729/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 04:57:00 +0000 Abundant natural and human resources enabled Iraq to attain the status of a middleincome country in the 1970s. Since that time, successive wars and a state-dominated economic system have stifled growth and' development and debilitated basic infrastructure... http://www.iraqupdates.com/p_articles.php/article/107727/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 04:53:00 +0000 Africa-focused oil firm Afren announced Monday that the operator of the Nunya-1X exploration well on the Keta block, offshore Ghana, has begun drilling. The Nunya-1X (formerly called 'Cuda-2') well is being drilled using the drilling rig Transocean... http://www.iraqupdates.com/p_articles.php/article/107726/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 04:51:00 +0000 Iran generally provides 30 percent of Turkey’s oil supply, Iranian natural gas is also of crucial importance to Turkey, as it constitutes one-third of Turkey’s total natural gas imports. http://www.iraqupdates.com/p_articles.php/article/107725/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 04:44:00 +0000 Europe's flagship project to bolster its energy security by building a major gas pipeline to the Caspian that skirts Russia is near collapse, analysts say, with a newly confident Turkey playing a key role. http://www.iraqupdates.com/p_articles.php/article/107724/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 04:44:00 +0000 Iran’s Petroleum Engineering and Development Company signed a deal, worth around $200 million, in Tehran on Monday, with a domestic company, named Dana Energy, to develop the Changooleh oilfield, which is associated with Iraq. http://www.iraqupdates.com/p_articles.php/article/107723/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 04:41:00 +0000 Jordan's Housing Bank for Trade and Finance on Monday posted a 13 percent year-on-year rise in 2011 net profit to 100 million dinars, bolstered by healthy growth in its core retail and commercial business. http://www.iraqupdates.com/p_articles.php/article/107722/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 04:40:00 +0000 Tightening international sanctions against Iran look set to shrink its economy, push up inflation and further erode its currency, but they may fail to deliver a knock-out blow that forces Tehran to compromise on its nuclear ambitions. http://www.iraqupdates.com/p_articles.php/article/107721/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 04:39:00 +0000 Head of the Center for Renovation of holy sites in Iraq said that Imam Javad (AS) great section is being reconstructed at the holy shrine of Imam Musa Kazam (AS) and Imam Javad (AS) in Kazemeyn, Iraq. http://www.iraqupdates.com/p_articles.php/article/107717/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 04:24:00 +0000 Iraq’s parliament reconvened last week after the Iraqiyya bloc ended its two-month boycott protesting the alleged persecution of Sunni officials and the arrest warrant issued on terrorism charges for Vice President Tariq al-Hashemi. As the political... http://www.iraqupdates.com/p_articles.php/article/107715/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 04:17:00 +0000 A massive revision of Iraq’s oil wealth boosted the overall Arab recoverable crude deposits by nearly 29 billion barrels at the start of 2011 but the region’s proven gas resources remain almost unchanged. http://www.iraqupdates.com/p_articles.php/article/107714/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 04:16:00 +0000 Iraq has resumed oil exports via an undamaged pipeline to Turkey after they were cut by an explosion in the country's northern neighbour, officials said on Monday. http://www.iraqupdates.com/p_articles.php/article/107713/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 04:15:00 +0000 New power, water, and energy projects valued at $180bn are planned or underway across the Middle East, with Saudi Arabia alone investing $109bn into 16 projects. http://www.iraqupdates.com/p_articles.php/article/107712/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 04:14:00 +0000 Zaha Hadid Architects’ design for a waterfront headquarters for the Central Bank of Iraq (CBI) on the Tigris River in Baghdad has moved forward following an official ceremony this week. Hosted by H. E. Dr. Muhielddin Hussein Abdullah, Charges d’Affaires... http://www.iraqupdates.com/p_articles.php/article/107711/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 04:13:00 +0000 Russia’s LUKOIL is set to become the only foreign operator of the West Qurna-2 oil project in Iraq after its partner, the Norwegian Statoil Company, has expressed readiness to cede its share in the consortium to Russia. The Voice of Russia’s Yulia... http://www.iraqupdates.com/p_articles.php/article/107710/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 04:10:00 +0000 €A newborn baby dumped beside a mosque in Darbandikhan district has been found by mosque-goers, officials said. http://www.iraqupdates.com/p_articles.php/article/107697/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 03:48:00 +0000 A blind student has bagged the title of best personality in a community competition in Wasit province. http://www.iraqupdates.com/p_articles.php/article/107698/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 03:48:00 +0000 A homeless man has died of hypothermia in Khanaqin, Diyala, the first such case in the area for 4 years. http://www.iraqupdates.com/p_articles.php/article/107700/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 03:48:00 +0000 Damlaj lake will be transformed into finance and tourism hub, announced Wasit Provincial Council, who are currently assembling a committee to discuss plans. http://www.iraqupdates.com/p_articles.php/article/107701/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 03:48:00 +0000 The Mundhariya (Parvizkhan) border point opens today, after being closed by Iran after recent public protest and violence in Diyala. http://www.iraqupdates.com/p_articles.php/article/107703/refid/RSS-business-07-02-2012 Tue, 07 Feb 2012 03:48:00 +0000