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| Iraq approves $67bn budget |
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| The Iraqi cabinet has approved a $67 billion budget for next year after revising its spending plans downward as a result of falling oil prices. |
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Full Story Wednesday, November 12, 2008 |
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| Iraq signs $3.5 billion deal for China to develop oil field |
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| North Oil, an Iraqi-owned company, has signed a contract with a Chinese state-owned oil corporation, CNPC, that was first negotiated during Saddam Hussein’s government, an official in Iraq’s Oil Ministry said. |
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Full Story Wednesday, November 12, 2008 |
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| New hotel rises on hopes for Iraqi business boom |
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| Investing in Iraq is still considered by many to be wildly risky, but Tad Robinette, the project director of a newly built hotel-office complex in Baghdad, says it just requires a leap of faith. |
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| Read
Full Story Tuesday, November 11, 2008 |
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| Yachting industry grows by 30% in GCC |
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| With the dominance of waterfront in the GCC, new horizons emerge for the yachting industry, with the sector growing by 30 per cent over the last 12 months, say industry analyst. |
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Full Story Tuesday, November 11, 2008 |
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| Need a job? Consider Iraq |
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| “Iraq is open for business,” says Maurey Bond. He should know. He’s been there since February. |
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Full Story Monday, November 10, 2008 |
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| Iraq allocates $15b to rebuild country’s infrastructure |
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| The Iraqi government has allocated a large portion of its $60 billion proposed 2009 budget to the reconstruction of its infrastructure, energy and oil facilities. Iraqi finance minister Bayan Jabr said the $15 billion, representing at least 25 percent of the 2009 proposed budget, is still short of the hundreds of billions of dollars needed to fully repair the shattered infrastructure of the region. |
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Full Story Sunday, November 02, 2008 |
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| Iraq to pump more oil next year |
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| Iraq plans to pump more oil next year, an Iraqi official said in Jordan’s capital of Amman. |
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Full Story Friday, October 31, 2008 |
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| Private security in Iraq costs over $6 billion |
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| No one knows for sure, but auditors think the U.S. has paid well over $6 billion to private security companies who’ve been guarding diplomats, troops, Iraqi officials and reconstruction workers in Iraq. |
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Full Story Thursday, October 30, 2008 |
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