By John Lee. Sri Lanka is to purchase oil from Iraq after the US imposed new sanctions on Iran. According to a report from AFP, the US Senate unanimously approved new economic sanctions on Friday aimed at further crippling Iran's energy, shipping and port sectors, a year after Congress passed tough restrictions against Tehran. Sri […]
By John Lee. General Exploration Partners (GEP) has signed a purchase and sale agreement to sell 53.2% of its participating interest in the Atrush Block to Abu Dhabi National Energy Company PJSC (“TAQA”). In conjunction with the sale, Aspect Energy International, LLC will divest itself of any interest in GEP, leaving ShaMaran Ventures B.V. (a […]
By John Lee. DNO International was advised by the Kurdistan Regional Government that a payment of USD 160 million was transferred last night for distribution to the foreign members of the Tawke joint venture in partial payment for past oil exports of oil from the Tawke field in the Kurdistan Region of Iraq. DNO's share […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th November 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,608 / $1,740 (+5.6%) (weekly change). The number of week traded shares was 19.7bn and the weekly trading volume was ID23.5bn ($19.6mn). ISX Company Announcements […]
By Mustafa Habib. 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. In September the new members of the much debated Independent High Electoral Commission were finally elected. Some say they’re not up to the job. But their […]
UAE Law Firm Bin Shabib & Associates LLP has strengthened its presence in the MENA region by launching a new office in Erbil, Iraq. The launch marks BSA's second foray into the MENA market in as many months, having already expanded into Muscat, Oman, this year. After more than a decade in the UAE, the […]
Marshes restored after they were drained under Saddam Hussein during the Iraq-Iran war in the 1980's are now under the risk of being completely destroyed due to rising temperatures and drought. Al Jazeera's Jane Arraf reports from Iraq's southern marshes. (Source: Al Jazeera)
The Abu Dhabi National Energy Company, TAQA, today disposed of its entire holding in WesternZagros Resources, which holds two oil and gas production sharing contracts in the Kurdistan Region of Iraq. TAQA purchased 74 million common shares in WesternZagros at CDN$0.63 per share for a total amount of CDN$46.6 million in October 2011. TAQA completed […]
U.S.A. and Republic of Iraq Strategic Framework Fact Sheet: Services, Technology, Environment, and Transportation Ambassador Stephen Beecroft (pictured) and Deputy Prime Minister Salih al-Mutlaq launched the first meeting of the Services, Technology, Environment and Transportation (STET) Joint Coordinating Committee (JCC) under the U.S.-Iraq Strategic Framework Agreement on November 28, 2012 at the Council of Minister's […]
By John Lee. According to a report from NINA, the Iraqi government decided today (Thursday) to end the official contract for Ali al-Dabbagh as the Iraqi government Spokesman. Dabbagh stated earlier: "I'm the first one who alerted the Prime Minister Nuri al-Maliki to the possible existence of suspicions of corruption regarding arms deal with Russia." […]
By John Lee. His Excellency Prime Minister Nouri Kamil Al-Maliki opened the International Book Fair at Baghdad International Fair on Thursday. The Prime Minister said in a press conference: "The Iraqi culture and Iraqi intellectuals are the priorities of our attention today, this is a considerable development compared to the time of the former regime, […]
By John Lee. Iraq's Foreign Minister, Hoshyar Zebari, met the Serbian Ambassador to Iraq, Radisav Petrovic, on Wednesday. During the meeting, Minister Zebari called on the Serbian investment companies to contribute in Iraq's reconstruction. The Undersecretary for Policy Planning and Bilateral Relations, Head of the Europe Department, and the Minister's Office Manager also attended the […]
