Despite the occurrence of several high-profile attacks around the country, the overall number of violent incidents actually fell in Iraq last week. At least 58 people were killed and 168 injured in nationwide attacks, which is a high figure but still a decrease from the previous week’s total. Attacks were concentrated in Baghdad and Mosul, […]
DNO International this morning reported a net profit of NOK 299 million [$52.6 million] for the third quarter of 2011 versus a loss of NOK 146 million in the same quarter 2010. The strong result is affected by a net positive finance of NOK 301 million in this quarter. In the third quarter the Company […]
With over 30 speakers, 21 sponsors and 300 senior telecoms industry experts the CWC Iraq Telecoms 2011 conference took place between the 25-27 October 2011 and was an outstanding success. Held at the Ritz Carlton Istanbul the conference brought together the Iraqi Ministry of Communications, Iraqi Parliament, Kurdistan Ministry of Communications, Iraqi Media and Communications […]
Leighton Offshore launched the newest edition to its fleet on Saturday, the Leighton MPV-1 cable lay vessel, at the Al Jazeera Port in Ras Al Khaimah. The MPV -1 will be used to scope the cable-laying of the first phase of $799 million Iraq Crude Oil Export Expansion Project (ICOEEP). The MPV-1 will also work […]
The U.S. Navy formally delivered the sixth 35-meter patrol boat (P-305) to the Iraqi Navy at the Umm Qasr naval facility in Iraq on Nov. 3, after the ship successfully completed reactivation in Bahrain, Oct. 23. The seamless reactivation enabled delivery to an Iraqi naval base one week ahead of schedule. "The team has once […]
Drive Square, Inc. will showcase its driving simulation training system at the November 25-28 Basra Oil and Gas Conference and Exhibition in Iraq. Middle East distributor EMDS will represent Drive Square during the Conference. CEO and Founder of Drive Square, Konstantin Sizov, said EMDS, with its strong background in driver and security training, is the […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Shares in Gulf Keystone Petroleum (AIM: GKP) jumped 6.4% on Tuesday following a major upgrade of the gross oil-in-place volumes for the Shaikan discovery in the Kurdistan Region of Iraq. The revised gross oil-in-place volumes for the Shaikan discovery, as calculated by Dynamic Global Advisors (DGA), independent Houston-based exploration consultants, are a P90 value of […]
In its latest quarterly report, Kuwait Energy has issued an update on its Iraqi operations: The Iraqi Ministry of Oil announced its intention to offer 12 exploration blocks covering various locations in Iraq. Technical data for each block was made available for purchase in September 2011 along with a preliminary Exploration, Development and Production Service […]
Iraq's Transport Ministry has agreed in principle to award the business to develop and maintain its damaged railway system to with 'Vadi Albar' company, reports AKnews. The agreement comes after extensive talks between the state-owned Railways Company and Vadi Albar in Iran about the revival of Iraq's railway system and the maintenance of 219 trains […]
Foreign investors’ appetite for Iraq’s stock market is rising before planned IPOs by the country’s three mobile telephone operators, but the fledgling market’s small size means it may struggle to cope with the listings, according to a report from Gulf News. The Iraq Stock Exchange (ISX) is an outpost of private sector business in Iraq, […]
