Archive | 11th January 2012

Iraq Publishes Oil Export Payments for 2009

Iraq has disclosed detailed information about the US$ 41 billion in revenue it received from oil and gas exports in 2009. Iraq’s disclosure of the figures follows the country’s commitment to the EITI standard, the global standard for transparency of resource revenues. The revenues are published in Iraq’s first EITI Report, which detailed production figures […]

Kirkuk Citadel to be Renovated

AKnews reports that the Iraqi Ministry for Tourism will begin renovating Kirkuk's historic citadel in early February. Deputy head of Kirkuk's archeology office told AKnews that the ministry has not announced the allocated budget for the project. She added this is the second time the citadel, located in the central Kirkuk, will be renovated. The […]

WPP Considers Acquisitions in Iraq

Dubai-based WPP Group's public relations firm, Asda'a Burson-Marsteller, is eyeing acquisitions opportunities in North Africa and Iraq, and hopes to complete one or more by the end of this year, The National has reported. The company has 11 wholly-owned offices and eight affiliate offices in the Middle East, North Africa and Pakistan, with clients including […]

First IMIST Training Facility Opens in Iraq

International learning and skills specialist Atlas has expanded the global footprint of facilities capable of delivering the groundbreaking new global training initiative IMIST for the oil and gas industry with the approval of the first centre in Iraq. The accreditation of the Al Delma facility in Basra City demonstrates Iraq’s commitment to developing its energy […]

Barzani Throws Down the Gauntlet

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. […]

Iraqi Refugee Assistance Project Helps Iraqi Refugees

The Iraqi Refugee Assistance Project (IRAP) is a U.S.-based not-for-profit organization dedicated to providing legal assistance to Iraqi refugees in life and death situations. To date, IRAP has helped resettle more than 1,000 Iraqis identified by the United Nations and numerous other organizations as living in “extremely urgent situations.” Currently, around 2.5 million Iraqis remain […]

Deadline Approaching for EIC Trade Mission to Iraq

The EIC has confirmed that the Iraq trade mission is definitely going ahead on 11-15 Feb 2012. Please see the attached information pack for more details in regards to itinerary, security, insurance, Hostile Environment Training, etc. Due to the location, please ensure that you read the attached information carefully before submitting your application. Deadline for […]

Warka Bank enters Djibouti Market

President Ismail Omar Guelleh recently inaugurated the first subsidiary of Iraq-based Warka Bank for Investment and Finance (BWAI) in Djibouti to offer full range of banking services. The ceremony was attended by the Prime Minister Dileita Mohamed Dileita, Mr. Hichem Ben Turkia, who is Warka Bank representative, several members of government, as well as ambassadors […]

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GKP Soars on Renewed Bid Rumours

Shares in Gulf Keystone Petroleum (GKP) closed up over 21% on Tuesday on renewed bid rumours, having been up as much as 40% in intraday trading. The company, which issued an update on operations on Monday, last month denied that is was in takeover talks, following rumours that ExxonMobil was considering making a bid for […]