By John Lee. According to a report from Reuters, the Central Bank of Iraq (CBI) has started selling local bonds worth 1.5 trillion Iraqi dinars ($1.29 billion). The first local bonds sale to the public since 2003 is aimed at relieving the government budget deficit caused by falling oil prices and the costs of fighting […]
By John Lee. In its First Quarter 2016 Results, oil services company Weatherford said that it has now largely completed its Zubair project in Iraq. Net cash expenditure on the project to date amounts to $47 million. Shares in Weatherford have fallen by almost 30 percent since the results announcement. (Source: Weatherford, Yahoo!)
By John Lee. The United Nations has advertised several new positions in Iraq: Associate Information Analyst (UNAMI) Logistics Officer (UNAMI) HLP Analyst for UN Habitat (UNDP) International Consultant for GEF Midterm Evaluation (UNDP) Administrative Assistant (UNOPS) (Source: UN) (Recruitment image via Shutterstock)
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The UN High Commissioner for Refugees has opened a new camp in a football stadium in the northern Iraqi town of Debaga for people displaced as the Iraqi military presses its offensive Islamic State […]
A U.S.-led coalition airstrike May 6 targeted and killed Abu Wahib, the Islamic State of Iraq and the Levant’s military emir for Iraq’s Anbar province, Pentagon Press Secretary Peter Cook said today. The spokesman said Wahib is a former member of al-Qaida in Iraq and has been seen in ISIL execution videos. That strike also […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Sunday, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Ground-attack, attack, fighter […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 31 banks and 19 remittance companies took part in its currency auction on Monday. A total of $96,533,333 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
UK-based energy services company Wood Group has secured two new, three-year contracts, collectively valued at over $140 million, to deliver technical services and expertise to one of the world’s leading international oil companies (IOC) in Iraq. Wood Group PSN (WGPSN) will provide brownfield front end engineering design, detailed engineering, project management, procurement services, system completion […]
Genel Energy has announced that Paul Schofield has been appointed as Chief Operating Officer. Paul has thirty five years' management and technical experience encompassing all aspects of the upstream oil and gas business. He started his petroleum engineering career at Shell in 1981, subsequently working with Enterprise Oil, Tuscan Energy and Hess. Paul joined Hess […]
Cristal Group has entered into a management agreement with HARCO Erbil, represented by Mr. Mustafa Hariri, to operate the first Emerald Hotel in Erbil. It is the group's second property in Erbil and its third in Iraq. Making the announcement, Mr. Kamal Fakhoury, COO of Cristal Group, said: "Emerald is our Mid market brand and […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th May 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ755 (-3.3%) / $759 (-3.6%) (weekly change) (-30.8% and -33.7% YTD change, respectively). The number of week traded […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq on Saturday, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and remotely piloted […]
