In the context of his visit to Britain, Minister Falah Mustafa, the Head of KRG Foreign Relations met with Tobias Ellwood, Middle East Minister at the Foreign Office, and during their meeting both sides discussed the current situation in the Kurdistan Region and Iraq and the threats of the terrorist organization of Daesh. The Head […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Contradiction prevails in official announcements regarding the course of the battles against the Islamic State (IS) and the group's movements on the ground. When Iraqis were expecting a Mosul liberation battle, IS rushed to send […]
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. An Iraqi contractor who works on road pavement and sewage projects in the Iraqi capital told Al-Monitor, “Government officials as well as senior contractors related to them have stakes in most, if not all, of […]
By John Lee. Following yesterday's gain of 55 percent on the announcement of a possible takeover, shares in Gulf Keystone Petroleum (GKP) were down 7 percent on Thursday morning. The company has confirmed receipt into its bank account of a further US$26 million [30 billion Iraqi dinars] gross payment (US$20.8 million net to Gulf Keystone) constituting […]
By John Lee. BasNews reports that Iraqi Prime Minister Haidar al-Abadi secretly tried to block the Turkish government's deal to lend $500 million [583 billion Iraqi dinars] to the Kurdistan Regional Government (KRG). According to sources, Abadi made the request to Turkish President Recep Tayyip Erdoğan in a telephone call. A later request to Turkish […]
By John Lee. Iraqi Airways will commence its Baghdad-Yerevan-Erbil flights today, Thursday 26th February. Flights to Armenia will run twice a week on Thursdays and Sundays, using CRJ900 and Boeing 737 aircraft. (Source: PanARMENIAN.Net)
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Hassakeh province borders territory controlled by ISIL across the border in northwestern Iraq. An important supply line that ISIL use to move from its so called capital runs through there. Al Jazeera's Zeina […]
Nina Magazine is delighted to be playing a pivotal role in Iraq’s International Women’s Day Celebrations on 7-8th March as media partner. Hosted in the Grand Millennium Hotel in Suleimania, over 300 delegates from across Iraq and internationally are expected to enjoy two days of knowledge-share and Kurdish hospitality. Each year International Women's Day (IWD) […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP), operator of the Shaikan field (pictured) in the Kurdistan Region of Iraq, jumped 65 percent on Wednesday after the company announced that it has recently engaged in discussions with a number of parties in relation to possible asset transactions or a sale of the company. GKP […]
Secretary-General Appoints Ján Kubiš of Slovakia as His Special Representative for Iraq United Nations Secretary-General Ban Ki-moon today announced the appointment of Ján Kubiš (pictured) of Slovakia as his Special Representative for Iraq and Head of the United Nations Assistance Mission for Iraq (UNAMI). Mr. Kubiš succeeds Nickolay Mladenov of Bulgaria to whom the Secretary-General […]
The Defense Department has expedited $17.9 million in equipment and supplies –- some which have already been delivered –- to the Iraqi government, Pentagon spokesman Army Col. Steve Warren told reporters on Tuesday. Warren provided a general update on equipment and supplies authorized for delivery to the Iraqis. “This was a $17.9 million [Foreign Military […]
By John Lee. Turkey has agreed to provide a $500-million [600 billion Iraqi dinar] loan to the Kurdistan Regional Government (KRG) to help pay the wages of state officials. According to a report from Daily Sabah, the loan will be repaid by either being set off from Turkey's crude oil debts or being repaid directly […]
