Promoting inclusive economic growth and job creation in Iraq Unemployment remains a persistent challenge in Iraq especially for youth and women. Many internally displaced persons are unemployed, underemployed, informally employed, or out of the labour force. The COVID-19 pandemic has further compounded these employment challenges. In this context, providing jobs and livelihoods remains a high […]
By Shelly Kittleson, for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi port revenue surges as anti-corruption move bears fruit Iraq's key Umm Qasr Port has been positively affected by measures to reduce corruption, leading to a massive revenue increase […]
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunity: Cattle stations in Wasit (Source: National Investment Commission)
By John Lee. The Iraqi Cabinet has voted to postpone early elections from June to 10th October. A statement from Prime Minister Mustafa al-Kadhimi said the delay was due to "important technical reasons", which he did not specify. Cabinet Spokesperson, the Minister of Culture Hassan Nadhem (pictured), said the Iraqi Government will provide all the […]
By John Lee. Genel Energy has issued the following trading and operations update in advance of the Company's full-year 2020 results, which are scheduled for release on 18 March 2021. The information contained herein has not been audited and may be subject to further review. Bill Higgs, Chief Executive of Genel, said: "Executing our strategy […]
By John Lee. Baghdad-based Al Sajer For Guarding And Security Services has won a contract with the United Nations Office for Project Services (UNOPS) for the provision of security guard services for the UNMAS office in Baghdad. The contract is valued at $108,414. (Source: UNGM)
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for December of 88,211,750 barrels, giving an average for the month of 2.846 million barrels per day (bpd), up from the 2.709 million bpd exported in November. These exports from the oilfields in central and southern Iraq amounted to approximately 85,195,608 barrels, while […]
Genel Energy notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has issued an update on licence activity. Gross operated production from the Tawke licence averaged 110,300 bopd in 2020, about evenly split between the Tawke and Peshkabir fields, the sixth consecutive year in which gross Tawke licence production has […]
By Ahmed Tabaqchali, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Static Budget Process The Iraqi government plans to respond to the financial crises in the wake of the COVID-19 pandemic by addressing the root causes of Iraq's vulnerability […]
Secretary-General appoints Ms. Ingibjörg Sólrún Gísladóttir of Iceland as Deputy Special Representative for Iraq United Nations Secretary-General António Guterres has announced the appointment of Ingibjörg Sólrún Gísladóttir of Iceland as his new Deputy Special Representative for Political Affairs and Electoral Assistance of the United Nations Assistance Mission for Iraq (UNAMI). Ms. Gísladóttir succeeds Alice Walpole […]
Deloitte report on Oil and Gas review in the Iraqi Kurdistan Region - Q1 to Q3 of 2020 The KRG's Regional Council of Oil and Gas Affairs has published a report containing verified statistics covering the Kurdistan Region's oil exports, consumption and revenues for period 1 January 2020 to 30 September 2020. The report, available […]
By John Lee. Dubai-based cranes and heavy equipment supplier Al Faris has started operations at Khor al Zubair. According to a press release, the company has invested in the latest advanced equipment, including Liebherr cranes ranging from 100t to 600t, and its heavy haulage equipment includes hydraulic trailers, SPMT's, semi-trailers and low-bed trailers. It has […]
