By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Tribal struggles are weakening Iraq's efforts to battle the Islamic State, which has occupied large parts of the country since June 2014. It seems Iraqis, who often complained that former President Saddam Hussein’s regime involved them in […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks and 21 remittance companies took part in its currency auction on Monday. A total of $168,893,166 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Gazprom Neft has announced that a new process train (process train B) has been brought into operation at the central processing facility at Iraq’s Badra field (pictured). The commissioning of this new infrastructure facility increases capacity at the central processing facility from 45,000 to 85,000 barrels per day. Process train B is intended for the […]
KRG Ministers and officials participated on Wednesday at the Iraq Britain Business Council (IBBC) London Business Forum on United Kingdom - Kurdistan Region of Iraq: Business Opportunities and Knowledge Transfer. The forum was organised by IBBC in collaboration with the Kurdistan Federation of Chambers of Commerce, and sponsored by Genel Energy and UB Group. The […]
Kurdistan Regional Government Prime Minister, Nechirvan Barzani and Deputy Prime Minister, Qubad Talabani, have held a meeting with the governors of Erbil, Sulaymani and Duhok to discuss ways to address the current financial crisis in the Kurdistan Region. In the meeting, which was also attended by the KRG Minister of Interior and a number of […]
As Iraqi military forces clear the key city of Ramadi after retaking it from Islamic State of Iraq and the Levant control, thousands of terrorist explosives left behind have complicated the process, a spokesman for Combined Joint Task Force Operation Inherent Resolve told Pentagon reporters today. Delivering an operational update by live satellite feed from […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Wednesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Iraq Attack, fighter, and remotely piloted […]
By John Lee. Shares in Genel Energy were down 10 percent in early trading on Wednesday, after the company issued a trading and operations update in advance of the Company's full-year 2015 results, which are scheduled for release on 3 March 2016. Murat Özgül (pictured), Chief Executive of Genel, said: "2015 was a very challenging […]
By John Lee. In its trading update this morning, Genel Energy gave the following plans for its operations in Iraqi Kurdistan: The majority of planned activity and capital expenditure in the KRI is discretionary, which confers significant flexibility. The Company will leverage this flexibility and match activity to the level of cash proceeds received from […]
By John Lee. Reuters reports that the Iraqi Football Association (IFA) has pledged its support for Jordan's Prince Ali Bin Al Hussein (pictured) in next month's FIFA presidential election. IFA president Abdul Khaliq Masood said: "We have decided that Iraq's vote will go to Prince Ali because Prince Ali has always supported the development of […]
By John Lee. A report this morning from Amnesty International claims that Peshmerga forces of the Kurdistan Regional Government (KRG) and Kurdish militias in northern Iraq have bulldozed, blown up and burned down thousands of homes in Arab villages. It says that although KRG officials have tended to justify the displacement of Arab communities on […]
Hundreds of thousands are living under harsh conditions in the makeshift camps of Anbar, Baghdad and other provinces after fleeing fighting in and around Ramadi. The International Committee of the Red Cross (ICRC) recently delivered badly-needed food, blankets, soap and other basic necessities to over 900 people who had just fled from Ramadi to Habbaniya […]
