Gulf Keystone Petroleum (GKP) has announced that Todd Kozel has decided to stand down from the Board of Directors of the Company and not to accept the previously announced role of Executive Director upon retiring as Chief Executive Officer. As such, Mr Kozel declined to seek re-election to the Board at the company's Annual General […]
By John Lee. President Jalal Talabani returned to Iraq today for the first time since he suffered a stroke a year and a half ago. In the meantime he was receiving medical treatment in Germany. Although he is unlikely to take an active role in politics, Reuters reports that Talabani's return will help rally support […]
Former Vice President Dick Cheney blames the crisis in Iraq on President Obama and Iraq Prime Minister Nouri al-Maliki.
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Deep divisions are hampering efforts to pick a new president, prime minister and speaker of the house, and the UN has warned of chaos if the political impasse continues. Prime Minister Nouri Al […]
Despite the often grim news coming from Iraq in recent weeks, many businesses are seizing the opportunity to go where others won't. In this week's newsletter, for example, we report on a new truck distribution deal in Iraqi Kurdistan, a Turkish company completing a storage tank project, and a Malaysian firm planning to break into […]
By John Lee. Kuwait's Zain Group has announced that an Iraqi court has lifted a freeze on future revenue of Zain Iraq. But the company added that previously frozen revenues remain blocked, after a $4.5 billion lawsuit against the Iraqi firm was dismissed this month. In April, we reported that Zain was being sued for […]
By John Lee. Oil Minister Abdul Kareem al-Luaibi [Elaibi] (pictured) said on Wednesday that Iraq is currently producing oil at a rate of 3.15 million bpd, and expects exports this month to average 2.6 million bpd. Reuters quotes Luaibi as saying that the recent fighting in the north and west of the country had not […]
An academic from the University of Leicester has been named as the first international examiner for postgraduates in Iraq by the Dean of the College of Medicine at the University of Kufa, Iraq. Professor David Lambert of the University's Department of Cardiovascular Sciences and Director of Post-Graduate Research for the College of Medicine, Biological Sciences […]
Kurdistan Regional Government Spokesperson Safeen Dizayee (pictured) said that yesterday a KRG delegation, headed by Deputy Prime Minister Qubad Talabani and including Minister of Natural Resources Dr. Ashti Hawrami, Minister of Finance and Economy Rebaz Muhammad, and Spokesperson Safeen Dizayee, travelled to Ankara. The delegation held meetings with senior Turkish officials, discussing the cooperation agreement […]
By John Lee. The Kurdistan Regional Government (KRG) has rejected a statement by Abu Dhabi-listed Dana Gas to the effect that the London Court of International Arbitration had awarded the company the right to receive some outstanding payments from the Kurdish government. Dana Gas said on Sunday that its consortium with Crescent Petroleum and Pearl Petroleum […]
By John Lee. Iraqi MPs have elected Sunni lawmaker Salim al-Juburi [al-Jabouri] as the new speaker with 194 votes in the 328-seat parliament. According to a report from Al Jazeera, it was unclear whether al-Jubuuri's election indicated that a larger agreement had been struck among political blocs for the posts of president and prime minister. […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Khodair al-Morshedi, the official spokesman for the Iraqi Baath Party and the secretary-general of the Islamic National Front of Iraq, comprising various armed factions, described the Islamic State (IS), formerly known as the Islamic State […]
