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Zain Profits Up on Gains in Iraq, Kuwait Genel Energy Interim Management Statement KRG Min. of Natural Resources Publishes Annual Report Lessons Learned on Water Management
 
Zain Profits Up on Gains in Iraq, Kuwait

Zain Profits Up on Gains in Iraq, Kuwait

By John Lee. Kuwait-based Zain reported an 8 percent rise in first-quarter profit on Monday, as earnings from Iraq and its domestic business rose. According to the company’s report: “Zain Iraq … performed exceptionally well in the first quarter of 2014 with revenues of US$432.3 million, EBITDA of US$167.8 million and net income of US$78.3 […]

Genel Energy Interim Management Statement

Genel Energy Interim Management Statement

Genel Energy has issued the following Interim Management Statement for the period from 1 January 2014 to today (Tuesday 2nd April). The statement was issued ahead of the company’ss Annual General Meeting. PRODUCTION AND REVENUE 2014 production and revenue guidance unchanged at 60,000-70,000 boepd and revenue of $500-600 million Net working interest production for the […]

KRG Min. of Natural Resources Publishes Annual Report

KRG Min. of Natural Resources Publishes Annual Report

The Kurdistan Regional Government (KRG)’s Ministry of Natural Resources (MNR) announces the publication of its Annual Financial Report for 2013, a detailed and comprehensive guide to the financial operations of MNR. The report includes revenue figures from crude oil production, local crude oil sales, the selling of refined products, and bonuses and capacity-building support derived from […]

Lessons Learned on Water Management

Lessons Learned on Water Management

Under the framework of the IPSM-Phase II Programme, a knowledge sharing workshop was conducted to familiarize the concerned participants from the two pilot areas in Duhok and Najaf on decentralized water management with reform success stories and challenges. The event was held in Erbil, in the General Directorate of Water and Sewerage on 14-15 April […]

Zain Profits Up on Gains in Iraq, Kuwait

Zain Profits Up on Gains in Iraq, Kuwait

22 April 2014

By John Lee. Kuwait-based Zain reported an 8 percent rise in first-quarter profit on Monday, as earnings from Iraq and its domestic business rose. According to the company's report: "Zain Iraq ... performed exceptionally well in the first quarter of 2014 with revenues of US$432.3 million, EBITDA...

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Posted in Telecoms/Comms0 Comments

Genel Energy Interim Management Statement

Genel Energy Interim Management Statement

22 April 2014

Genel Energy has issued the following Interim Management Statement for the period from 1 January 2014 to today (Tuesday 2nd April). The statement was issued ahead of the company'ss Annual General Meeting. PRODUCTION AND REVENUE 2014 production and revenue guidance unchanged at 60,000-70,000...

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Posted in Oil & Gas0 Comments

KRG Min. of Natural Resources Publishes Annual Report

KRG Min. of Natural Resources Publishes Annual Report

22 April 2014

The Kurdistan Regional Government (KRG)'s Ministry of Natural Resources (MNR) announces the publication of its Annual Financial Report for 2013, a detailed and comprehensive guide to the financial operations of MNR. The report includes revenue figures from crude oil production, local crude oil...

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Posted in Oil & Gas0 Comments

Lessons Learned on Water Management

Lessons Learned on Water Management

22 April 2014

Under the framework of the IPSM-Phase II Programme, a knowledge sharing workshop was conducted to familiarize the concerned participants from the two pilot areas in Duhok and Najaf on decentralized water management with reform success stories and challenges. The event was held in Erbil, in the...

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Posted in Agriculture, Public Works0 Comments

Slovakian Ambassador visits Kurdistan

Slovakian Ambassador visits Kurdistan

22 April 2014

The Head of the Department of Foreign Relations (DFR), Minister Falah Mustafa met today with the Slovakian Ambassador to Iraq, Mr. Miloslav Nad to discuss furthering bilateral relations between the Slovak Republic and Kurdistan. The meeting was also attended by the Assistant Head of the DFR, Ms....

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Posted in Industry & Trade0 Comments

Weekly Security Update 15 – 21 Apr 2014

Weekly Security Update 15 – 21 Apr 2014

22 April 2014

By Constellis Consulting www.constellis-consulting.com As parliamentary elections approach and competing coalitions seek to position themselves ahead of the votes, the reporting period was marked by a series of movements in the political sphere. In Kurdistan, after months of unsuccessful...

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Posted in Weekly Security Update0 Comments

An Interview with Saif al-Jaibeji of Iraq Health

An Interview with Saif al-Jaibeji of Iraq Health

22 April 2014

Robert Tollast is a consultant at Noorbridge, a Helsinki based consultancy with staff in London and Nasiriyah, Iraq. He has written extensively on security, politics and economic issues in Iraq for various publications, and is currently researching a modern history of Iraq with support from The...

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Posted in Robert Tollast0 Comments

Terraseis Deploys New System in Kurdistan

Terraseis Deploys New System in Kurdistan

20 April 2014

Terraseis, a seismic acquisition contractor focused on operating in challenging environments, is deploying a Three-Component seismic recording system in the Kurdish Region of Iraq to carry out a seismic 3D survey that shall include 3-C data acquisition. This shall be the first 3-C project in...

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Posted in Oil & Gas0 Comments

Candidates’ Posters the Butt of Jokes

Candidates’ Posters the Butt of Jokes

20 April 2014

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq Votes 2104: ‘Standing On The Titanic’ – Candidates’ Posters Become Butt of Jokes Election campaign posters are telling...

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Posted in Politics0 Comments

Sistani Calls on Voters to ‘Choose Wisely’

Sistani Calls on Voters to ‘Choose Wisely’

20 April 2014

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Months ago, Ayatollah Ali al-Sistani began to guide the Iraqi public through statements regularly issued by him or his office, focusing on the need to...

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Posted in Politics, Security2 Comments

Faruk Medical City (FMC) Opens

Faruk Medical City (FMC) Opens

19 April 2014

By John Lee. The new Faruk Medical City (FMC) has been opened in Sulaimaniyah. Build by Faruk Mustafa Rasool, one of the country's richest men, the facility has 210 beds, with 53 clinics and 24 specialists. Chief medical officer of FMC, Firya Peryadi, said: “Once Iraq had the best...

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Posted in Healthcare0 Comments

Special Ballot for Army Causes Concern

Special Ballot for Army Causes Concern

19 April 2014

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Two days before the rest of the country does, over one million members of Iraq’s military will vote in general elections. The...

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Posted in Politics, Security0 Comments

Iraq Tops Impunity Index

Iraq Tops Impunity Index

19 April 2014

By John Lee. Citing 100 journalists murdered in the last decade and 100 percent impunity, the Committee to Protect Journalists (CPJ) has said that Iraq is the worst offender on its Impunity Index, a spot it has held since 2008, when CPJ first compiled the index. According to its report: "Nine...

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Posted in Security0 Comments

Warka May Cost US Army Millions

Warka May Cost US Army Millions

18 April 2014

Like a replay of the Great Depression, a bank in Iraq went under in 2010, nearly taking millions of American dollars with it. According to a report from the Washington Times, Iraq's Al-Warka Bank was already having stability problems when the U.S. began to close all its accounts as part of the...

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Posted in Banking & Finance2 Comments

Hanwha Opens Precast Concrete Plant at Bismayah

Hanwha Opens Precast Concrete Plant at Bismayah

18 April 2014

Prime Minister Nouri Kamil al-Maliki has opened the new Hanwha Precast Concrete Plant at the Bismayah New City development near Baghdad. Speaking at the event, he said that “this project is our dream that has come true because it reflects our hope to provide housing units for all Iraqi people...

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Posted in Construction & Engineering0 Comments

Kurdistan Welcomes British Business

Kurdistan Welcomes British Business

18 April 2014

The Kurdistan Region is open for business and British companies are welcomed, Kurdish officials told members of British Expertise, a leading trade association at a seminar last week. Minister Falah Mustafa, Head of the Kurdistan Regional Government's Department of Foreign Relations, and Bayan...

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Posted in Industry & Trade0 Comments

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