KRG Prime Minister Masrour Barzani chaired a cabinet meeting Saturday via videoconference to discuss plans for the public pensions fund. In the meeting attended by Deputy Prime Minister Qubad Talabani, Minister of Finance and Economy Awat Janab Noori proposer the bylaws for the pensions fund. The Cabinet unanimously approved it. This fund will protect entitlements […]
The Iraqi Cabinet held its weekly meeting in the city of Basra on Wednesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister said that the Cabinet meeting in Basra is the first of a series of such meetings that will take place in other Iraqi cities […]
Weatherford International has announced that it has signed an 18-month contract with the Iraqi Drilling Company (IDC) to provide services and project management for the drilling and completion of twenty wells in the Al-Nasiriyah field in the Dhi Qar province in southern Iraq. Basim M. Khudair, General Director for IDC, said: "Signing this contract between […]
Foreign Minister Calls on his German Counterpart to Support the Removal of Iraq from List of High-risk Countries in Money Laundering and Terrorist Financing Iraqi Foreign Minister Mr. Fuad Hussein received a phone call from German Foreign Minister Mr. Heiko Maas. The two Ministers discussed bilateral relations between the two countries, and the prospects for […]
By Dr Renad Mansour for the Royal Institute for International Affairs (Chatham House). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Renad Mansour pays tribute to his friend and colleague, the security expert killed in Baghdad. Click here to read the full story.
Further to the recent announcement that Garrett Soden was to be re-appointed to the Board of Gulf Keystone Petroleum (GKP) as a Non-Independent Non-Executive Director representing funds managed by Lansdowne Partners Austria GmbH, the Company is pleased to confirm that the formal appointment process has now been completed and as such welcomes Mr Soden back […]
By John Lee. Prime Minister Mustafa Al-Kadhimi has held a meeting with the Ministers of Electricity and Oil to discuss electricity supply in Iraq, and directed that all electricity projects, especially those agreed with Siemens, be implemented without delay. He added that Iraq has spent billions of dollars on the electricity sector in recent years, […]
By John Lee. The UK's Serious Fraud Office (SFO) has secured convictions against two former oil executives who conspired to give corrupt payments to secure contracts in Iraq. A jury at Southwark Crown Court found Ziad Akle guilty on two counts and Stephen Whiteley guilty on one count of conspiracy to give corrupt payments. [Update […]
The Iraqi Children Foundation (ICF), the United States' largest charity devoted exclusively to advocacy and support for Iraq's children, premiered today a fresh, impactful design and message for the cause. ICF Board Chairman Mohammed Khudairi explained: "Today, we reintroduce ourselves to Americans and the international community with a fresh voice. For over a decade, ICF […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Transparency in Iraq petroleum sector - More symbolic formality than impacting effectiveness The petroleum sector is the only sector of the Iraqi economy that has been subject to a formal, articulated, transparency […]
By John Lee. The Iraqi Government has announced that commercial operations have begun at the "Al-Kaytan Falcon Cement Plant" in Basra. According to a government tweet, the project cost $43.7 million to build, has a production capacity of a million tonnes annually, and created more than 250 new jobs. Falcon is a cement brand owned […]
The Iraq Britain Business Council (IBBC) held its biannual council meeting on Wednesday 8 July. The meeting was chaired by Bob Phillips (Mott MacDonald), member of IBBC's Executive Committee and was attended by over 30 IBBC member company's representatives. Following a discussion of the present situation in Iraq and the UK, led by IBBC's President Baroness […]
