By John Lee. Gulf Keystone Petroleum Limited has announced the appointment of Dr Joseph A. Stanislaw and Mr V Uthaya Kumar to the Board as Non-Executive Directors with immediate effect. Dr Joseph A. Stanislaw has spent the last three decades as a senior adviser within the energy industry. He was previously President and CEO of […]
By Patrick M Schmidt. The United States Treasury has announced that its Terrorism and Financial Intelligence Unit has imposed sanctions on Kuwaiti citizens who are believed to be routing funding to militant groups in Syria and Iraq. The two groups have been identified as the Nursa Front and the Islamic State of Iraq and the […]
By Patrick M Schmidt. An offensive launched by Kurdish security forces over the weekend has continued into the middle of the week. Their forces have mainly focused on the city of Mosul that the Islamic State of Iraq and the Levant (ISIL) had previously declared as the capitol of their “caliphate.” Kurdish forces have suffered […]
By Patrick M Schmidt. Almost three-dozen different non-governmental organizations have pushed for action on the part of the American government to respond to the ongoing refugee crisis in the Kurdistan region. It is estimated that the violence that erupted this weekend alone displaced at least 30,000 people as Kurdish and militant forces clashed. It is […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 13 banks took part in its currency auction on Thursday. A total of $142,566,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The U.S. is considering air strikes in Iraq in response to a militant surge in northern areas. CNN's Jim Sciutto reports:
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. ISIS fighters seized Qaraqosh, Iraq's largest Christian town, forcing thousands of Christians to flee for their lives:
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. After defeating the Kurdish Peshmerga, ISIS' advance across Iraq is on a dangerous threshold. Nic Robertson reports:
As the situation in Iraq changes day by day, we are more interested than ever to hear your views on the developments in the country. Many of you have been kind enough to participate in our first online survey -- State of Iraq 2014 -- and we'd like to say a big "Thank You" for […]
By Patrick M Schmidt. The Russian state-owned oil company, Gazprom, is expected to launch exploration operations in Halabja province before the end of the year. The province is located in the region of the Kurdistan Regional Government (KRG) and lays close to the Iran-Iraq border. If they find enough oil reserves, the company will begin […]
By Patrick M Schmidt. METKA, a Greek engineering and contracting firm, has won a $165 million (192 billion Iraqi dinars) contract to work on the Shatt Al Basra Power Plant. The contract allows for the company to oversee the process of making the plant fit to burn heavy fuel oil for electrical generation. The project […]
By John Lee. Temporary power firm Aggreko has said that Iraq is its fastest growing new business. In its Half-Yearly Report, the Scottish-based company said: "Our fastest growing new business is Iraq, where we are supporting the development of the oil and gas sector in Southern Iraq and Kurdistan. "We are clearly cognisant of the […]
