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Dana Remains Committed to Iraq, Despite Claim Germany Continues to Encourage Investment in KRI Shiites, Sunnis Unite to Denounce Extremists PM al-Abadi meets Iraqi Businessmen in UAE
 
Dana Remains Committed to Iraq, Despite Claim

Dana Remains Committed to Iraq, Despite Claim

By John Lee. Sharjah-based Dana Gas and its consortium partners, Crescent Petroleum and Pearl Petroleum, is pursuing $100 million (117 billion Iraqi dinars) in payments from the Kurdistan Regional Government (KRG). In a statement to the Abu Dhabi Securities Exchange (ADX), the company said: “The LCIA [London Court of International Arbitration] Tribunal recently ordered the […]

Germany Continues to Encourage Investment in KRI

Germany Continues to Encourage Investment in KRI

Kurdistan Regional Government Prime Minister, Nechirvan Barzani, on Monday received Mr. Georg Enzweiler, on the occasion of his appointment as Germany’s new Consul General to the Kurdistan Region. Mr. Enzweiler expressed his pleasure to be appointed as his country’s Consul General to Kurdistan Region and hoped to further develop bilateral relations between Germany and the […]

Shiites, Sunnis Unite to Denounce Extremists

Shiites, Sunnis Unite to Denounce Extremists

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. Despite all the negative developments concerning extremist groups in the Middle East, they have had a positive impact on religious communities. Shiite and Sunni institutions in Egypt, Iraq, Saudi Arabia and Iran agreed to denounce […]

PM al-Abadi meets Iraqi Businessmen in UAE

PM al-Abadi meets Iraqi Businessmen in UAE

By John Lee. Prime Minister Dr. Haider Al-Abadi met a number of locally-resident Iraqi businessmen in Abu Dhabi earlier this week. He listened to the views, observations and suggestions delivered by the investors related to the laws and travel procedures that should be facilitated, in addition to the significance of providing a suitable environment for […]

Dana Remains Committed to Iraq, Despite Claim

Dana Remains Committed to Iraq, Despite Claim

17 December 2014

By John Lee. Sharjah-based Dana Gas and its consortium partners, Crescent Petroleum and Pearl Petroleum, is pursuing $100 million (117 billion Iraqi dinars) in payments from the Kurdistan Regional Government (KRG). In a statement to the Abu Dhabi Securities Exchange (ADX), the company said:...

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Posted in Oil & Gas2 Comments

Germany Continues to Encourage Investment in KRI

Germany Continues to Encourage Investment in KRI

17 December 2014

Kurdistan Regional Government Prime Minister, Nechirvan Barzani, on Monday received Mr. Georg Enzweiler, on the occasion of his appointment as Germany’s new Consul General to the Kurdistan Region. Mr. Enzweiler expressed his pleasure to be appointed as his country’s Consul General to...

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Posted in Industry & Trade, Investment3 Comments

Shiites, Sunnis Unite to Denounce Extremists

Shiites, Sunnis Unite to Denounce Extremists

17 December 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. Despite all the negative developments concerning extremist groups in the Middle East, they have had a positive impact on religious communities....

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Posted in Security3 Comments

PM al-Abadi meets Iraqi Businessmen in UAE

PM al-Abadi meets Iraqi Businessmen in UAE

17 December 2014

By John Lee. Prime Minister Dr. Haider Al-Abadi met a number of locally-resident Iraqi businessmen in Abu Dhabi earlier this week. He listened to the views, observations and suggestions delivered by the investors related to the laws and travel procedures that should be facilitated, in addition...

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Posted in Industry & Trade0 Comments

CEO Guilty in Iraq USAID Fraud

CEO Guilty in Iraq USAID Fraud

17 December 2014

By John Lee. The former CEO of US-based engineering consulting firm Louis Berger Group has pleaded guilty to overbilling for reconstruction contracts in Iraq and Afghanistan. Bloomberg reports that Derish Wolff, 79, admitted that he conspired to defraud the U.S. Agency for International...

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Posted in Construction & Engineering, Security2 Comments

GKP Shares Jump on Kurdistan Oil Update

GKP Shares Jump on Kurdistan Oil Update

16 December 2014

By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed up more than 16 percent up on Tuesday, after the company issued an update on its operations at Shaikan, its key producing asset in Iraqi Kurdistan. The shares had been languishing at new lows earlier in the week, having lost more than...

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Posted in Oil & Gas3 Comments

Ghost Contractors sink Baghdad after Rains

Ghost Contractors sink Baghdad after Rains

16 December 2014

By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The first rainfall of the season swept Iraqi cities Nov. 21, causing flooding in schools, houses and streets. Siham Ahmed, a student from al-Diwaniya...

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Posted in Construction & Engineering, Security2 Comments

FM al-Jaafari Meets Iranian President

FM al-Jaafari Meets Iranian President

16 December 2014

By John Lee. Foreign Minister Dr. Ibrahim al-Jaafari recently met the President of Iran, Mr. Hassan Rohani, in Tehran. The Minister was in the city to participate in an international conference on violence and extremism. He said that Iraq is progressing steadily, and it is important to...

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Posted in Industry & Trade, Politics, Security2 Comments

Mobile Medical Clinics Arrive in Erbil

Mobile Medical Clinics Arrive in Erbil

16 December 2014

The World Health Organization (WHO) and World Food Programme (WFP) have collaborated to deliver eight mobile medical clinics which arrived in Erbil on Sunday. These urgently needed clinics will be immediately deployed to parts of Iraq and Kurdistan Region of Iraq (KRI). The vehicles, flown in...

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Posted in Healthcare, Security2 Comments

Currency Auction Results, 16th Dec

Currency Auction Results, 16th Dec

16 December 2014

By John Lee. The Central Bank of Iraq (CBI) has reported that 20 banks took part in its currency auction on Monday. A total of $169,809,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of...

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Posted in Banking & Finance2 Comments

Weekly Security Update, 09 – 15 December 2014

16 December 2014

Reconciliation between Sunni groups and the Iraqi state remained at the top of the political agenda this week, as PM Abadi sought to strengthen his domestic and international alliances. With Sunni-tribal fighters now fighting alongside ISF units across Anbar, Salahuddin and Nineveh provinces,...

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Posted in Weekly Security Update0 Comments

British Business Group Kurdistan (BBGK) Launched

British Business Group Kurdistan (BBGK) Launched

15 December 2014

The British Business Group Kurdistan (BBGK) held its launch reception on Wednesday 10th December in the fabulous setting of the Jaguar Land Rover Showroom in Erbil. The event was attended by business people, members of the diplomatic community and representatives from the Kurdistan Regional...

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Posted in Industry & Trade6 Comments

Mawada – a promise of hope from a new generation of women in Iraq

Mawada – a promise of hope from a new generation of women in Iraq

15 December 2014

December 2014. A year of adversity and endurance and yet also opportunity  in Iraq. As the Editor in Chief of Nina Magazine, a bilingual magazine in print and online for Iraqi women everywhere, I passionately believe in the power of young people to step up, once they believe they can do...

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Posted in Madeleine White10 Comments

PM Al-Abadi Arrives in UAE

PM Al-Abadi Arrives in UAE

15 December 2014

Prime Minister Dr. Haider Al-Abadi and his accompanying delegation arrived in Abu Dhabi on Monday morning, and were welcomed at the presidential airport by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and the head of...

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Posted in Construction & Engineering, Industry & Trade4 Comments

KRG to US: ‘This is Iraq’s Last Chance’

KRG to US: ‘This is Iraq’s Last Chance’

15 December 2014

During a speech to an audience of top Washington scholars and officials at the Center from Strategic International Studies (CSIS), Kurdistan Regional Government (KRG) Deputy Prime Minister Qubad Talabani said, ‘Iraq can only be saved if Baghdad is willing to devolve some of its powers to regional...

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Posted in Politics, Security2 Comments

Video: IS Gains Ground in Anbar

Video: IS Gains Ground in Anbar

15 December 2014

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Fighters from the Islamic State of Iraq and the Levant (ISIL, ISIS, IS) have mounted two suicide car-bomb attacks aimed at security checkpoints at the main entrance...

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Posted in Security4 Comments

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