With more than 300 participants, the recent "IN THEIR SHOES 5K" nearly bested the previous 2 annual 5Ks combined. The largest team to register was EPIC, with USIP right behind, both with more than 20. Other teams included Cobec, Michael Baker International, Road Runners, the Tortoise and Hare, and the Flying Tigris. And when the last donation arrived, days after […]
Stephen O’Brien, the new European Union's Under-Secretary-General for Humanitarian Affairs (USG) and Emergency Relief Coordinator (ERC), called for greater assistance for millions of people across Iraq following a two-day visit to the country. “It’s imperative at this critical time we do more to mitigate the suffering of the Iraqi people. Much has been done, but […]
By Ahmed Mousa Jiyad. Legal and Institutional Framework Governing the Extractive Industry Sector in Iraq This is Part One of a research work commissioned by the Natural Resource Governance Institute-NRGI (USA) as part of the preparation for NRGI’s strategic plan for interlinked and complementary interventions in Iraq during the upcoming three years. The Executive Summary […]
Penspen, a leading global provider of engineering and management services to the energy industry, has underlined its commitment to growth in the Middle East with three new appointments and investment in a new office in Iraq. Ahmed Al-Dadah and Na’el Barghouthi have this month joined the company from other engineering providers, whilst Michael Simm, EVP […]
DNO ASA, the Norwegian oil and gas operator, has completed the placement of USD 400 million of new, five-year senior unsecured bonds with a coupon rate of 8.75 percent and an issue price of 87.5 percent of par value. The bond placement received strong investor demand across international markets and its combination of a fixed […]
By John Lee. The Minister of Communications, Hassan Rashid [Kazem Hassan Rashed] (pictured), has reportedly ordered a reduction in the cost of internet services, to make them more accessible to all segments of society. Shafaaq News also report that the Ministry of Communications has completed an optical fibre project to provide high-speed internet access in Babil […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported. Officials reported details of the latest strikes, which took place between 8 a.m. Sunday and 8 a.m. Monday, local time, noting that assessments of results […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi fighters from the Shiite popular mobilisation unit were still fighting jihadists from the Islamic state on the outskirts of Iraq's Baiji oil refinery, about 200 kilometres north of Baghdad, on Sunday.
The newly appointed KRG Representative to France, Mr. Dara Bakir Salih, has begun his mission. Minister Falah Mustafa Bakir, Head of the Department of Foreign Relations, arrived in Paris today to oversee the handover of the Representation from Ms. Khaman Zirar, the former Representative, to Mr. Salih, the new Representative. During the handover ceremony, Minister […]
In the meeting between Minister Falah Mustafa, Head of the KRG Foreign Relations, and Deputy Prime Minister and Minister of Foreign Affairs of Belgium Didier Reynders, military as well as humanitarian aid for the Kurdistan Region were at top of the list of priorities discussed. Minister Mustafa welcomed Minister Reynders in his first visit to […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks and 4 remittance companies took part in its currency auction on Sunday. A total of $112,250,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Iraq is committing 27,000 security personnel to protect its oil and energy infrastructue from attacks by the Islamic State (IS, ISIS, ISIL). Oil Minister Adel Abdel Mahdi (pictured) announced the new force following the latest round of meeting with the Organisation of Petroleum Exporting Countries (OPEC). According to a report from The […]
