November 23, 2017 | English | عربي
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November 22, 2017

Baker Hughes, a GE company, has signed an agreement for the provision of turbine generators to PetroChina International Iraq, in the biggest Turbomachinery & Process Solutions (TPS) agreement ever between the two companies.

BHGE will deliver its Frame 6B gas turbine electric generator trains to support"...

Crude oil prices (November 22)
November 23, 2017

Crude oil prices were up on Wednesday (November 22) compared to the previous close.

The price of Brent oil was at $62.79 a barrel, up from $62.50 and U.S. WTI crude was at $57.77 a barrel, up from $56.53.

The Organization of the Petroleum Exporting Countries"...


November 23, 2017

The U.S. dollar to Iraqi dinar (IQD) exchange rate dropped in the Kurdistan Region’s currency markets on Wednesday (November 22).

Broker Dana Mawlud told NRT that $100 was selling at 125,500 IQD, dropping from 125,750 IQD previously.

Mawlud also reported that 100 British pounds is at 163,000 IQD and 100 euros is at 147,000 IQD – no change from the previous day.


November 23, 2017

InterContinental Hotels Group (IHG) has signed the Crowne Plaza Cairo Sheikh Zayed City in partnership with Al Badr For Investments and Commercial Spaces Company.

IHG currently has 2,169 rooms in Cairo under the InterContinental Hotels and Resorts, Holiday Inn and Staybridge Suites brands.

Scheduled to open in 2021, the 187-room new build will form part of Phase II of Arkan"...

November 23, 2017

The Iraq Britain Business Council (IBBC) has welcomed three new members, bringing its membership to 59 companies.

Menzies Aviation: An independent, time-critical logistics specialist serving the airline industry to the highest standards. At more than 200 airport locations across 6 continents, Menzies offer landside and airside services tailored to customers’ needs; timed to their schedules; and delivered by teams with the knowledge, tools and"...

November 23, 2017

At an informal meeting of the Working Party on the Accession of Iraq held on 17 November 2017, WTO members welcomed Iraq’s stated determination to resume its WTO accession process after nine years of dormancy. The meeting further provided the opportunity for the government of Iraq and members to exchange views on next steps for that formal resumption in the near term.

Mr Adel Al-Masoodi, Director-General of the Foreign Economic Relations Department"...

November 23, 2017
Lower Saxony, Volkswagen's second-largest shareholder, said it will hold on to its stake in the carmaker despite one of the German state's two main parties calling for changes in the way the company is managed. The northwestern German state, which draws hundreds of millions of euros in dividend payments and business tax from VW, owns an 11.8 percent stake in VW and controls 20 percent of the voting rights in the world's largest carmaker. 'We explicitly acknowledge our commitment to the state holding in Volkswagen which we adhere to,' Lower Saxony's prime minister Stephan Weil said on Wednesday before the regional parliament in Hanover. 'This state holding is of the highest importance for the economic development of Lower Saxony,' he said. Lower Saxony is home to VW's global headquarters and about 120,000 staff employed by the carmaker. Weil's Social......