Egypt, Kuwait, and Asia to Profit In Iraq

Despite the title in this post I don't imagine many will object to Egypt, Kuwait, or some in Asia profiting from Iraq. Many would object and sloganeer phrases such as "No Blood for Oil" but as some countries profit from Iraq no one bats an eye.

Yesterday Iraq begain auctioning off $300 million as the minimum bid price for mobile licenses in that country. An Egyptian, Kuwaiti, or an Asian company are the leading bidders. The next highest bidders come from Turkey.

Apparently war is good for business.

The $300 million starting price is for three 15-year mobile licenses moderated by Communications Minister Mohammed Allawi.

These lucrative 15-year licenses replace three short-term contracts awarded soon after the U.S.-led invasion of Iraq in 2003.

The leading bidders are Cairo-based Orascom Telecom Holdings, Kuwait's Mobile Telecommunications Co. MTC, and AsiaCell, said Siyamend Othman, head of the National Communications and Media Commission.