By John Lee. AFP reports that Iraqi officials laid the cornerstone of a new Mid-Euphrates Airport, 35 kilometres (20 miles) south of Karbala. The $500-million project will be carried out by the UK-based Copperchase, with work supervised by the Khayrat al-Sibtein company, which belongs to the Imam Hussein shrine (pictured). During the ceremony, Karbala Governor […]
ShaMaran Petroleum has announced that it that it has successfully completed the book build for the equity issue (the "Private Placement") announced on January 19, 2017, on a private placement basis, of common shares of the Company ("Common Shares"). The pricing of the Private Placement was determined during the book-building process to be CAD 0.10 […]
The end of 2016 saw several new members join the Iraq Britain Business Council (IBBC), each of which are underpinned by strong reputations for innovation, reliability and a commitment to investing in Iraq. GE, Khudairi Group, Pell Frischmann, Petronas and Siemens join 51 other world- and region-leading companies that form IBBC’s Council of Members. “IBBC […]
Humanitarians fear for the 750,000 civilians in western Mosul 100 days after military operations to retake Mosul started, humanitarian partners are expressing deep concern about the plight of the estimated 750,000 civilians who are currently living in the western sections of the city where fighting is expected to start in coming weeks. "We are relieved […]
A national immunization days campaign has today commenced in Iraq and targets over 6 million children aged 0 to 5 years of age. Supported by the Ministry of Health, WHO and UNICEF, the door-to-door campaign is being conducted for 5 days and will include the newly liberated areas in Mosul where thousands of children have […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Refining Sector: Reality Check and Policy Thoughts for Consideration This Executive Summary falls in two parts: Part One provides brief baseline survey and situation analysis and thus it deals with two […]
By John Lee. Genel Energy has issued the following trading and operations update in advance of the Company's full-year 2016 results, which are scheduled for release on 30 March 2017. In the statement (see below), the company said it expects a significant drop in production in 2017. Share were trading down 11 percent on Tuesday. […]
Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $15.0 million has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil export sales in October 2016. Gulf Keystone and the KRG's Ministry of Natural Resources ("MNR") continue to work towards agreeing the final form of the invoices for May to […]
The Iraq Britain Business Council (IBBC) has relocated its London office south of the river to Lambeth, a short walk from its old premises in Westminster. The IBBC team moved into the new office, which is located in Westminster Tower along Albert Embankment, in late November 2016. It shares the space with the AMAR Foundation, […]
Iraqi security forces are finishing clearing operations in eastern Mosul while Islamic State of Iraq and the Levant fighters have ceased fighting and are on the run, Pentagon Press Operations Director Navy Capt. Jeff Davis said today. Speaking with reporters, Davis said ISIL fighters are moving to Mosul’s north bank of the Tigris River to […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Rocket artillery and bomber, fighter […]
By John Lee. Following a visit by the Turkish Prime Minister Binali Yıldırım (pictured) to Iraq last week, an Iraqi business delegation has come to Turkey and proposed a $200-million construction project in Baghdad to Turkish businessmen. Tevfik Öz, a member of the board of the Turkish-Iraqi Business Council, told Daily Sabah that the Iraqi […]
