First ever crisis coordination and disaster preparedness centre in Kurdistan The Kurdistan Regional Government’s (KRG) Ministry of Interior has inaugurated its Joint Crisis Coordination Centre (JCC), mandated by the Council of Ministers in January 2015. Several international donor partners and the United Nations extended support to the KRG to build an institutional response and coordination […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 15 banks and 3 remittance companies took part in its currency auction on Sunday. A total of $ 149,182,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Italian dredger builder Italdraghe and its consortium partner CPN are building three dredgers for the Iraqi Ministry of Water Resources. Work is already well underway on one Italdraghe SGT 400 D (pictured) and two Italdraghe SGT 300 RB diesel cutter suction dredgers, all designed specifically for the Ministry’s river, sea and dam […]
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The ruins of the city of Babil, some 56 miles south of Baghdad, flourished as the ancient Mesopotamian capital of Babylon, founded in the 19th century BC. Since that time, the city has suffered […]
Japan and UNESCO have joined hands to address the grave consequences of Iraq’s present emergency situation on education. The government of Japan has pledged $3,000,000 in funding to help UNESCO implement two education projects that will benefit IDPs and Syrian refugees in Iraq including the Kurdistan Region of Iraq. An event to launch the two […]
By John Lee. South Korea's LSIS said on Tuesday that it has signed a deal to supply electrical equipment for the Bismayah New-City Project (BNCP) (pictured). The deal, worth about 160 billion won ($146 million, 170 billion Iraqi dinars), will see the company supply equipment for gas insulated switchgear at 32 substations over the next […]
By John Lee. The Iraq Britain Business Council (IBBC) has welcomed two new members. Privately-owned Upstream Technical Consultants Limited is the organisation's first member from the recruitment sector. Established in the UK in 1998, it opened a branch office in Iraq in 2014, providing skilled exploration and production specialists to the oil and gas industry. Dubai-based […]
By John Lee. The Lebanese government is to open a consulate Erbil in August. According to BasNews, weekly flights connect Erbil and Beirut as over 6,000 Lebanese work in Iraqi Kurdistan, in mainly in education, tourism and investment. More than 25 countries have already opened consulates and representative offices in the Kurdistan Region. (Source: BasNews) […]
By Walaa Hussein for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Middle East is facing a water crisis. As the region experiences conflicts over water and faces the continuous risk of war breaking out, experts on water predict that the Islamic State […]
Oryx Petroleum has announced its financial and operational results for the three months ended March 31, 2015. (All dollar amounts set forth in this news release are in United States dollars, except where otherwise indicated). Financial Highlights: Total revenues of $5.3 million on working interest sales of 128,700 barrels of oil and average realized sales […]
To review the latest prospects for and progress of the December 2, 2014 agreement between the KRG and the Federal Government of Iraq, a joint meeting between the Kurdistan Region Council of Ministers’ Presidency and Kurdistan representatives in Baghdad was held in Erbil on Wednesday. After being presented with details and data of oil export […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi security forces are still battling for the control of the country's largest refinery in Baiji, where the Islamic state group has been launching several offensives:
