By John Lee. Gulf Keystone Petroleum (GKP), the operator of the Shaikan field in the Kurdistan Region of Iraq, confirmed on Monday that it continues to produce in excess of 40,000 barrels of oil per day following the successful completion of 'de-bottlenecking' (sic) operations at PF-1. According to a statement this morning, as a result of the continuing […]
By Lemya Ayub. This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. Melad Hamed – The Cutting Edge Fashion Designer with a Heart of Gold Melad Hamed, is well-known in Iraq and across the Arab world as the cutting edge fashion designer with a heart of […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th June 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,444 (+1.1%) / $1,475 (+3.5%) (weekly change) (+3.6% and -0.4% YTD change, respectively). The number of week traded […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported. Officials reported details of the latest strikes, which took place between 8 a.m. Saturday and 8 a.m. Sunday, local time, noting that assessments of results […]
Austria’s Minister for Foreign Affairs, Sebastian Kurz, received Head of the Kurdistan Regional Government, KRG, Department of Foreign Relations, Minister Falah Mustafa and his accompanying delegation on Friday. During the meeting, which was attended by KRG Representative to Austria, Both sides spoke in detail of the latest military developments in the fight against ISIS, the […]
The UN Development Programme (UNDP) is working closely with authorities to support displaced people who are returning to Tikrit to rebuild their lives after the town was liberated from ISIL forces. Government sources estimate that up to 1,500 families have returned to the town, which was occupied by ISIL from June 2014 until April 2015. […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 22 banks and 2 remittance companies took part in its currency auction on Monday. A total of $290,914,740 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
The Iraq Britain Business Council (IBBC) has just welcomed Unaoil as its latest member. A provider of industrial oil and gas solutions, Unaoil's services include engineering and construction, workforce solutions, and repair and maintenance. The company has been active in Iraq since 2003 and engages over 1,100 people working in and for Iraq, 75 percent […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The New Masters of the Market: Syrian Traders Flock to ISIS' Mosul For Iraqi Profits The city of Mosul had turned its back to the other Iraqi cities as of […]
With Iraq on the verge of a massive funding shortfall, European Commission steps in to provide vital, frontline support The European Commission's Humanitarian Aid and Civil Protection Department (ECHO) has made a € 3,000,000 contribution to UNICEF in Iraq to support the distribution of immediate life-saving supplies to tens of thousands of families displaced by […]
By John Lee. The Institute for Economics and Peace has ranked Iraq 161st out of 162 countries in its 2015 Global Peace Index. The Global Peace Index measures the state of peace in 162 countries according to 23 indicators that gauge the absence of violence or the fear of violence. The 2015 report made the […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq's security and armed forces suffer from a lack of intelligence-gathering capabilities that has affected their ability to draft plans and mechanisms for combating terrorism. The parliament's Security and Defense Committee […]
