Archive | 2016

Italy Provides More Funding for Stabilization Activities

Italy Provides Additional Funding for Stabilization Activities in Liberated Areas The Italian Republic is contributing an additional US$4.91 million (€4.5 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 follows a contribution of $2.72 million (€2.5 million) […]

UN Advertises 10 New Jobs in Iraqi Kurdistan

By John Lee. The United Nations has advertised several new positions in Iraqi Kurdistan: World Food Prorgamme - Assistant Storekeeper (UNDP) World Food Prorgamme - Driver (UNDP) Senior Advisor - Economic Development Policies & PPP (UNDP) Logistics Manager (UNICEF) Call Centre Operator (United Nations Office for Project Services, UNOPS) National Project Coordinator (United Nations Industrial Development Organization, […]

UN Advertises 8 New Jobs in Iraq

By John Lee. The United Nations has advertised several new positions in Iraq: Protection and Advocacy Manager (International Rescue Committee, IRC) Education Project Manager (Norwegian Refugee Council, NRC) ICLA Officer - Information & Counseling (Norwegian Refugee Council, NRC) ICLA Officer - Legal Assistance (Norwegian Refugee Council, NRC) Senior Public Financial Management Advisor (Chemonics International) Associate […]

Military Strikes Continue Against ISIL Terrorists

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Monday, 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, bomber, […]

Currency Auction Results, 8th June

By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 19 remittance companies took part in its currency auction on Wednesday. A total of $142,317,265 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Big Investment In Umm Qasr Port

By John Lee. Philippines-based International Container Terminal Services (ICTSI) is investing $130 million in Umm Qasr port, according to a report from Reuters. The Manila-based port management company signed a contract with General Company for Ports of Iraq involving the container facilities at Umm Qasr; it will operate, develop and expand the port. The three-stage […]

LukOil Attributes Higher Production to West Qurna-2

By John Lee. Russian oil company Lukoil has announced that, in the first quarter of 2016, the Group received 2.6 million tonnes of compensation crude from Iraq's state-owned South Oil Company as cost compensation within the West Qurna-2 project (in the first quarter of 2015, the Group received 2.3 million tonnes of compensation crude oil). […]

SOSi Wins Contract with US Embassy

EXOVERA, a wholly-owned subsidiary of SOS International LLC (SOSi), has been awarded a three-year contract by the U.S. State Department to monitor and analyze traditional and social media in support of the U.S. embassy in Baghdad, Iraq. SOSi established EXOVERA in 2012 as a commercial, cloud-based service that currently monitors 350,000 news and social media […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd June 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ714 (+3.0%) / $713 (+3.0%) (weekly change) (-34.5% and -37.8% YTD change, respectively). The number of week traded […]

Military Strikes Continue Against ISIL Terrorists in Syria, Iraq

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Saturday, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Bomber, attack, […]

Currency Auction Results, 5th June

By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 17 remittance companies took part in its currency auction on Sunday. A total of $124,539,297 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Packers Plus Completes first Well in Kurdistan

Packers Plus Energy Services Inc. has announced that it recently installed and stimulated an open hole completion system in the Kurdistan region of Northern Iraq. This is the first well in Northern Iraqi fields for Packers Plus, using its StackFRAC HD system. The open hole method has proven successful against a number of other completion […]