This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Kamal al-Ayash. In Anbar, Security Forces Hang Onto Private Homes They Requisitioned During fighting against the Islamic State group, it was necessary for security forces to occupy private property […]
By John Lee. Prime Minister Haider al-Abadi has said Iraq needs up to $100 billion to fix crumbling infrastructure, according to a report from Reuters. Calling on foreign investors to help it rebuild the country following the defeat of the Islamic State group (IS, ISIS, ISIL, Daesh, he told the World Economic Forum (WEF) in […]
By John Lee. Iraq's Ministry of Electricity has reportedly awarded a contract to Japan's Mitsubishi Hitachi Power Systems (MHPS) to refurbish the Unit 1 of the Hartha thermal power station (pictured) in Basra province. According to Energy Business Review, the power station is claimed to account for approximately 25 percent of Basra's total power generation […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria between Jan. 19-25, conducting 60 strikes consisting of 93 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. CJTF-OIR officials reported that a significant precision strike involving exhaustive intelligence and observation to confirm ISIS concentrations and ensure no […]
By John Lee. Iraq's National Investment Commission (NIC) has included six rail projects in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: New railway line (Baghdad-Kut-Umara-Basra) and branch line (Kut-Nasriya-Shuaiba-UmQasr) Length: 910km Number of lines: dual […]
By John Lee. Dyncorp International has been awarded a $13,253,810 contract for aviation field maintenance services in support of the U.S. Army Aviation and Missile Command. Work will be performed in Germany, Iraq and Afghanistan, with an estimated completion date of Dec. 31, 2018. (Source: US Dept of Defense)
Genel Energy has issued a trading and operations update in advance of the Company's full-year 2017 results, which are scheduled for release on 22 March 2018. The information contained herein has not been audited and may be subject to further review. Murat Özgül, Chief Executive of Genel, said: "A strong final quarter of 2017 completed […]
By John Lee. Saudi Arabia's King Salman Bin Abdul Aziz received in Al Yamama Palace in Al Riyadh the Iraqi Planning/Trade Minister (acting) Dr. Salman Al Jumaily, Head of the Iraqi side in the Iraqi-Saudi Coordination Council, Dr. Sami R. Al Araji, Chairman of the National Investment Commission (NIC), Mr. Kadhim Mohamed Al Iqabi, Chairman […]
On 21st and 22nd January the Iraq Britain Business Council (IBBC) Deputy Chairman Mr Rasmi Al Jabri and Managing Director Mr Christophe Michels visited Baghdad. They met with Dr Abdulkariem Faisal, Chairman of the Prime Minister’s Advisory Commission to discuss the upcoming Spring Conference in London on 24 April and plans for a conference in […]
By John Lee. Iraq's National Investment Commission (NIC) has included five oil storage facilities in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: Bin Omar field for crude oil in Basra Province, with a design capacity […]
Genel Energy has announce that it has agreed with the Kurdistan Regional Government (KRG) a 12 month extension to the schedule for satisfying the conditions precedent ('CPs') contained within the Gas Lifting Agreements ('GLA's) for the Bina Bawi and Miran fields signed in February 2017. The revised date by which the CPs are to be […]
By John Lee. The European Union has adopted a new strategy on Iraq, following the joint communication by the High Representative and the Commission on elements for an EU strategy on Iraq adopted on 8 January 2018. Among other items, the EU called on the Government of Iraq and the Kurdistan Regional Government to engage […]
