By John Lee. Medserv, the Malta-based oil and gas logistics support and services group, has said that its Iraqi business remained weak through Q1 2018. But in its Interim Report, the company said the forward order position in Iraq is much healthier for the second quarter of 2018 and those levels are expected to be […]
Translations of Assyrian writings found by archaeologists from the University of Tübingen have yielded a secret lost to history: The place where the clay tablets were found - Bassetki, in Autonomous Region of Kurdistan in Iraq - appears to be the ancient royal city of Mardaman. This important northern Mesopotamian city is cited in ancient […]
By John Lee. Newtechnic, which describes itself as a world leader in building engineering technology, has reportedly won the contract to design the facade and oversee the co-ordination and construction of the new Central Bank of Iraq (CBI) building in Baghdad. According to New Civil Engineer, the building, designed by Zaha Hadid Architects (ZHA), will […]
To strengthen women’s participation in national environment protection, disaster preparedness and risk response to climate action, an electronic platform was launched on “Women for Safe and Green Iraq” (WfSGI). This is an initiative of the Ministry of Health and Environment, supported by the United Nations Development Programme (UNDP). The aim of WfGSI is to provide […]
By John Lee. Shares in Genel Energy were trading up 8 percent on Thursday morning after the company announced a big jump in cash reserves and positive developments at Peshkabir: Stephen Whyte (pictured), Chairman of GenelEnergy plc gave the following update at the company's Annual General Meeting this morning: "After a landmark 2017, Genel is […]
By John Lee. The Ministry of Oil has said that investors interested in th3e 70,000-bpd Diwaniya refinery project have until the end of July to submit documents. The full statement from the Ministry is shown below: The ministry of oil would like to Re-announce for the investment refinery in Diwaniya governorate with a capacity of […]
DNO ASA, the Norwegian oil and gas company with operations in Iraqi Kurdistan, is contemplating the issuance of a new, five-year senior unsecured bond with a minimum size of USD 400 million through a private placement. The coupon rate and the issue size will be determined during the accelerated book building commencing today. The net […]
By Padraig O'Hannelly. Hussein Al-Alak (pictured below) will run the Manchester 10k on Sunday on behalf of the AMAR International Charitable Foundation. He commented: “It’s the only charity in the United Kingdom that supports health, education and, more importantly, mental health programmes, in Iraq … “You’ve got a lot of amazing causes [in the race] and […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Fifth Energy Bidding Round: Poor Management, Dubious Contracts and Bad Results - Attracted Unprecedented Opposition Prominent Iraqi oil experts and professionals drafted and endorsed a unified position’ statement (UPS) addressed to […]
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Governor and a senior official of the Central Bank of Iran, an Iraq-based bank and its chairman, and a key Hizballah official, all of whom have moved millions of dollars on behalf of the Islamic Revolutionary Guard Corps-Qods Force […]
The United Nations Assistance Mission for Iraq (UNAMI) Human Rights Office (HRO) organized a training course in Dohuk for human rights activists and staff members of NGOs working in the field of human rights in Dohuk Governorate. The training course, entitled “Strengthening Human Rights Monitoring and Documentation Skills,” was part of a series of activities […]
Iraq Business News has learned of claims that Iraq's anti-corruption bodies are investigating the contract to operate the duty-free shops at Baghdad and Basra airports. Early last year we reported that the Iraqi Civil Aviation Authority (ICAA) and the Ministry of Transport had extended Iraq Duty Free's exclusive contract at the airports by ten years […]
