Switzerland-based heavy engineering company Satarem is investing $6bn to build a new large-scale oil refinery in Iraq.
Latest articles from Iraq
With licensing procedures simplified by Iraq's central bank, the government-owned Trade Bank of Iraq is encouraging foreign-owned lenders to set up in the country.
The autonomous region of Iraqi Kurdistan attracted relatively high levels of FDI in the first quarter of 2013, helping it to close the FDI gap with the rest of the country.
Iraq's banking sector is struggling to put its ever-increasing assets to work, a situation not helped by the fact that it is dominated by inefficient state-owned institutions. Can an influx of foreign banks – and the technology and expertise they bring – help transform the sector, or will development hinge on the state-owned banks' ability to reform?
Since the fall of Saddam Hussein's regime in Iraq, the telecoms and mobile phone industry has become the fastest growing sector in the country after oil and gas. And the competition between the three major service providers is set to push the industry further.
Iraq's finance industry has called for further reform to the sector if the country is to progress to the next phase of development.
Iraqi telecoms professionals call for government help in fulfilling potential.
Iraq has made solid progress in developing its oil capabilities and has ambitious plans to increase production further, according to its minister of oil, Abdul Karim al-Luaibi.
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