By John Lee. Finance Minister Hoshyar Zebari received on January 21, 2015, Mr. Hans Nijkamp, head of Shell in Iraq and the vice president of Shell Oil. During the meeting, they discussed the company's operations in the Majnoon and West Qurna 1 oil fields, and the South Gas Project, as well as the oil company […]
By Mustafa al Kadhimi for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the opinions of Iraq Business News. After the US invasion of Iraq in 2003, the most used terms in the country are likely "political consensus," "consensual democracy" and "consensual decision." However, failures on all levels […]
The UNICEF Water and Sanitation (WASH) programme, with financial support from the European Union (EU) has started the implementation of a public awareness project to promote efficient water use and improved hygiene practices in Iraq. The project will engage 10 million Iraqis with messages on effective water conservation, water handling at the household level and […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Kurdish fighters have reportedly cut-off a major supply line for the Islamic State of Iraq and the Levant (ISIL) in northwestern Iraq. The Kurdish Peshmerga say they've seized an area near the Mosul […]
By John Lee. Kuwait's Al-Nasriyah Company has signed an agreement to build a new airport in Diwaniya. The $1.35-billion airport will be operated by the company under the 45-year contract. Following the signing ceremony, the Governor of Diwaniya, Ammar Al-Madani, said the airport will cover an area of seven dunams (roughly 17,500 sq. m.) in […]
Baroness Emma Nicholson of Winterbourne, UK Trade Envoy for Iraq and Iraq Britain Business Council’s (IBBC) Chairman, met Iraq’s new Prime Minister, Mr Haider al-Abadi, for wide-ranging talks during his visit to London this week. Mr al-Abadi was attending the Lancaster House coalition conference on the situation with Da’esh (Islamic State) but was keen to […]
By Patrick Schmidt. The Iraqi Deputy Prime Minister announced that Iraq would try to increase its oil production along with exports in order to compensate for low oil prices. Iraq has recently lost 50 percent of its revenue due to the slump in world crude prices. The country aims to boost production with the Kurdistan […]
By John Lee. Iranian vehicle maker Iran Khodro (IKCO) has announced that it has expanded its after-sale services in Iraq. During a visit by Karbala's Governor General, Aqil Al Tarihi, to the company's factory, Managing Director Hashem Yekke-Zare'a said: "In order to increase its market share ... [Iran Khodro] has diversified its export products to […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Just like any Middle Eastern leader, Islamic State (IS) leader Abu Bakr al-Baghdadi (Ibrahim al-Badri) relies upon his relatives to guarantee his own security. However, ever since his spectacular appearance in the Mosul mosque in […]
By Patrick Schmidt. Last month, the Islamic State (IS) posted a tender for Iraqi contractors to bid on. The contractor will be in charge of digging a trench around the city of Mosul, that will measure 2 meters deep by 2 meters wide. The Islamic State is willing to pay the contractor 4,000 dollars per […]
By Patrick Schmidt. The Secretary of State of the United States John Kerry announced that airstrikes against the Islamic State (IS) in Iraq and Syria had significantly reduced the terrorist group’s numbers. The announcement came after a meeting with other leaders from the 21-member coalition fighting the Islamic State (IS). Since August 2014, over 2,000 […]
By John Lee. Gulf Keystone Petroleum (GKP) has appointed a new Chief Financial Officer. Sami Zouari (pictured), 42, joins the Company following careers in both the oil & gas industry and investment banking, where he also had a particular focus on the Energy and Commodities sectors in the Middle East and North Africa. Educated at […]
