The Kingdom of Norway has contributed an additional US$2.8 million to UNDP’s Funding Facility for Immediate Stabilization (FFIS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL). This is the second contribution from the Kingdom of Norway in recent months, and will be dedicated to restoring livelihoods […]
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 on Tuesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and fighter […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Long Term Service Contracts Are Good But Not Perfect My article on Service Contracts Vs Production Sharing Contracts Revisited, posted on this IBN website, has attracted good deal of formal and professional […]
By John Lee. Iran's Minister for Petroleum, Bijan Nadar Zangeneh (pictured), has revealed plans to increase production at the country’s western joint fields with Iraq by 200,000 bpd. The increase will happen over the next eight months and "surge to 700,000 bpd in the years to come", according to a report from PressTV. Iran has […]
Genel Energy has announced that Sir Graham Hearne has indicated his intention to retire from the Board of Genel Energy at the 2016 AGM. In addition Genel Energy has today appointed Simon Lockett as an independent non-executive director with immediate effect. He will also become a member of the Remuneration and HSSE Committees of the […]
‘If this financial crisis continues, it will have a great effect on the front lines. You cannot send your fighters with empty stomachs to the fight,’ Dr Fuad Hussein told a group of journalists from American media outlets on Friday morning. He added, ‘We need support and help. We are [in Washington] to explain this […]
A UN report released today details the severe and extensive impact on civilians of the ongoing conflict in Iraq, with at least 18,802 civilians killed and another 36,245 wounded between 1 January 2014 and 31 October 2015. Another 3.2 million people have become internally displaced since January 2014, including more than a million children of […]
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 on Monday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 28 banks and 22 remittance companies took part in its currency auction on Monday. A total of $149,901,714 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th Jan 2016). [Click here to take part in our stock market poll.] Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD964 (-5.3%) / $993 (-7.2%) (weekly change) (-11.6% […]
The US embassy in Baghdad has confirmed that "several" Americans have been kidnapped in the city. BBC News quotes a state department official as saying: "We are working with the full co-operation of the Iraqi authorities to locate and recover the individuals." US officials did not say how many were held or where they were […]
By John Lee. President Haider Al-Abadi has congratulated Iran's government and people on the lifting of economic sanctions and the entry into force of the nuclear deal with the major powers. He added: "We look forward to this historic agreement contributing to the strengthening of security and stability and prosperity of the countries and peoples of […]
