By John Lee. Nickolay Mladenov (pictured), the Secretary-General’s Special Representative for Iraq, visited the area of Abu Ghraib on Wednesday and spoke out against what he called the deliberate flooding of the area. Floods in Abu Ghraib have caused the displacement of more than 12,000 families and submerged hundreds of houses, including at least four […]
Foreign Minister, Hoshyar Zebari, discussed on May 13, 2014 with UNDP Country Manager, Adam Abdel Mawla, the programs and projects of the UN in Iraq. The UN representative stressed that all development programs will be run, from the beginning of next month inside Iraq, not from abroad, confirming that the organization will open a big […]
The South Korean Consul General to Kurdistan, Mr. Younhyon Kim, visited the KRG Department of Foreign Relations to meet with the Head of the DFR, Minister Falah Mustafa to bid farewell as his tenure in the region comes to an end. The meeting was also attended by the Assistant Head to the DFR, Ms. Siham […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed 7 percent lower on Wednesday after the company warned of delays in receiving payments for exports. The full text of the interim management statement for the period from 1 January 2014 to today is shown below: Overview On 25 March 2014, Gulf Keystone's common shares […]
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. Ninawa’s Planned Oil Refinery Moves Sunni-Led Region even Further from Baghdad The northern Sunni-led region of Ninawa has been planning its own oil refinery for some time now. And last […]
By John Lee. NES Global Talent, the manpower solutions provider, has opened a second office in Iraq. The new Erbil operation in Iraqi Kurdistan will act as a business hub for activity across the wider region, meaning it is on the ground to support its contractors and key clients and able to make the most […]
ZSCo, the company in Iskandariya [Alexandria] (50 kilometers south-west of Baghdad) in which Iran Khodro (IKCO) cars are assembled, is now producing at a rate of 10 cars per hour, according to an announcement from IKCO. The company's CEO said: "[The] Geographical proximity of Iran and Iraq is considered as a noticeable advantage for IKCO […]
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. During the months before the Iraqi elections that took place on April 30, there was growing talk within political and media circles that Iraq was heading toward “decisive elections.” Some politicians and […]
The Head of the KRG Department of Foreign Relations, Minister Falah Mustafa has received the Ambassador of the Republic of Tunisia, Mr. Samir Jamae Abdullah. The meeting revolved around ways of strengthening bilateral ties particularly in the areas of trade and economy. On his first visit to Kurdistan, Ambassador Abdullah praised the region’s economic development […]
Lockheed Martin successfully completed the first flight of the inaugural F-16 Fighting Falcon for the Iraq Air Force. The jet is the first of 36 F-16 Block 52 aircraft on order through the U.S. Department of Defense for Iraq. With more than 4,540 F-16s delivered to date, the Foreign Military Sale to Iraq adds to […]
By John Lee. Mobile operator Asiacell has posted a 12.2 percent drop in annual net profit. Reuters reports that the company, part of Qatar-based Ooredoo, made a net profit of 581 billion dinars ($498.62 million) in 2013, down from 662 billion dinars a year earlier. Profit was impacted "non-recurring items - mainly related to tax […]
By John Lee. The Zambian Secretary to the Treasury, Fredson Yamba (pictured), says Government has not serviced the US$296 million debt owed to Brazil, China and Iraq as at December 2012. According to the report from Zambia Daily Herald, Mr Yamba said Brazil, China and Iraq are the only three remaining bilateral creditors that are […]
