6 November 2006 Three-and-a-half years after the toppling of Saddam Hussein’s regime in Iraq, some companies that had high hopes of business opportunities are shutting up shop after suffering heavy losses. US engineering giant Bechtel, which carried out $2.3 billion of work for the US in Iraq since April 2003, said last week that it was leaving the war-torn country after a spate of violence that killed 52 workers. Bechtel…
Tag: Shahristani
Make or Break Time
23 June 2006 One month after choosing a cabinet and pledging to transform Iraq into a country ruled by law under a national unity government, Iraqi Prime Minister Nuri al-Maliki finds himself bogged down by the same problems that paralyzed an array of politicians before him. Observers, both in and outside Iraq, look on bewildered as the same sectarian divisions that delayed the government’s formation for six months after the…
Buying Time
29 September 2006 It will be 2008, at the earliest, before Iraq’s southern provinces unite to form the giant oil-rich federal region that some Iraqi groups are calling for. That’s the deal reached this week by Shiite and Sunni lawmakers which, for now at least, averts further ethnic and religious strife over a Shiite-backed law outlining the mechanisms whereby Iraq’s provinces can form autonomous regions. But the arrangement, brokered by…