U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Wednesday, conducting 34 strikes consisting of 81 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
Shares in DNO ASA, the Norwegian oil and gas operator, were trading up 5 percent on Thursday morning after the company announced expanded investments, including doubling of planned 2017 wells at the Tawke field in the Kurdistan region of Iraq, on the back of strong first quarter results. The Company reported quarterly net profit of […]
By John Lee. Zain Group Vice-Chairman and Group CEO, Bader Al-Kharafi (pictured), has said that he anticipates improved performances in Iraq, "where several tax and litigation issues have been resolved and the new leadership there can now focus on driving the business." In its results announcement for Q1, the company added: "Despite the initiation of […]
By John Lee. Authorities in Iraq have reportedly announced the arrest a gang believed to have forged Iraqi dinars worth "billions of dollars". According to The New Arab, the mafia-like network with Lebanese links was detained after a woman arrested at the Baghdad Airport confessed to involvement with counterfeiting money. (Source: The New Arab)
By John Lee. Iraq's Ministry of Electricity (MOE) has announced an investment opportunity for the rehabilitation, operation and transfer (ROT) of the Al Nassiriyah Steam Power Plant. More details here. (Source: National Investment Commission)
Iraq’s first conference for the preparation of the National Development Plan Iraq’s Ministry of Planning launched the first round of discussions on the National Development Plan of Iraq (NDP) 2018-2022. The three-day conference was jointly organized in Erbil by the Ministry of Planning and the Local Area Development Programme (LADP), a project implemented by the […]
By John Lee. A new report from the International Monetary Fund (IMF) predicts more government spending in the current year. In its Regional Economic Outlook for the Middle East, the IMF says: "In Iraq, the fiscal stance is expected to loosen somewhat as the receipt of previously delayed donor financing relaxes the cash constraint faced […]
The Prime Minister of Iraqi Kurdistan has said the Region is safe and secure for investment, and encouraged foreign businesses to return to Kurdistan after the defeat of the so-called Islamic State (IS, ISIS, ISIL, Daesh) terror organization. Speaking at the opening ceremony of a new five-star hotel in Erbil, Nechirvan Barzani said: "Lebanese investors […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Urban Data Analyst, United Nations Office for Project Services (UNOPS) Human Settlements Officer, United Nations Office for Project Services (UNOPS) Procurement Officer, Danish Refugee Council (DRC) Protection Project Manager, Danish Refugee Council (DRC) Finance and Administration Assistant, United Nations Assistance Mission for […]
By John Lee. The United Nations has advertised new positions in Iraq: P&C Officer, World Vision Adolescent Development Officer, United Nations Children's Fund (UNICEF) Driver, United Nations Assistance Mission for Iraq (UNAMI) Security Assistant, World Food Programme (WFP) Area Coordinator, Agency for Technical Cooperation and Development (ACTED) (Source: UN)
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Tuesday, conducting 11 strikes consisting of 53 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 35 banks and 11 remittance companies took part in its currency auction on Thursday. A total of $159,555,532 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
