By John Lee. Credit Suisse has upgraded Genel Energy as a result of what it described as “irreversible progress” towards achieving large scale oil exports via Turkey. Believing that the Iraqi Kurdistan oil play is now lower risk, analyst Thomas Adolff says that progress has been very impressive since 2011 and "we treat recent events - […]
By John Lee. Hill International has announced that it has received a contract from the Iraq Ministry of Youth and Sports to provide design, review, and construction management services in connection with the Al Samawah Olympic Stadium in Samawah, Iraq. The 28-month contract has an estimated value to Hill of approximately IQD 2.6 billion ($2.2 […]
By Mehmet Nayir for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Turkey’s energy diplomacy has borne results. The oil crisis was resolved when Baghdad was offered a measurement station and revenue payment guarantees. In this regard, a trilateral Baghdad-Ankara-Erbil mechanism will be set […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. This was the scene a little earlier at the mall, you can see fire and smoke billowing from the building. Information is still coming into us, but we understand one gunman has been […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A car bomb targeted an Iraqi police intelligence office in the ethnically-mixed northern city of Kirkuk. The explosion was followed by a firefight between militants and security forces at the scene:
The British education company Britteach is launching in Kurdistan. Iraq. Britteach are delivering business, language and adult learning courses throughout the region. The dynamic training company offer 1, 3 and 5 day intensive courses performed by British, US, German, Italian and French trainers. Managing Director, Wesley Kent commented: “Kurdistan is fast becoming a business hub […]
By Andrew Scarre. Iraq’s oil exports have increased in October to 2.25 million barrels per day, an increase of 0.18 million barrels per day in comparison to September’s figures. Over the course of October, Iraq exported 69.8 million barrels of oil over the course of October, creating US$7.160 of revenue. The ministry confirmed that the […]
By Padraig O'Hannelly. In a week when progress appears to have been made in the long-running dispute over control of oil exports from Iraqi Kurdistan, a Canadian company has announced another new oil find in the region. Meanwhile, our Expert Blogger Ahmed Mousa Jiyad takes a closer look at the activities of China, and the […]
By Robert Tollast. For a new series for Iraq Business News, I will be interviewing Iraqi and foreign professionals and asking them about their experiences working in Iraq. For the first edition I spoke with Hameed Abid, an architect who has worked on some 600 projects in Europe and the MENA region. Hameed’s first project […]
By John Lee. Patrick Schorn, Schlumberger's president of operations and integration, has said that the company expects the temporary shutdown of its operations in North Rumaila last month to reduce fourth-quarter profits about 2 percent. Reuters quotes him as saying: "With strong support from the authorities, we are almost back to normal activity levels at this […]
By John Lee. Bombardier Aerospace has announced that Iraqi Airways, the national carrier of Iraq, has signed a firm purchase agreement to acquire five CS300 mainline jetliners. The agreement, which also includes options on 11 CS300 aircraft, follows a letter of intent (LOI) to purchase the aircraft that was announced by Bombardier on November 19 […]
By John Lee. The Iraqi Ministry of Construction and Housing announced on Tuesday the launch of three housing projects across the country. Al-Shorfa reports that the projects, which are expected to cost a total of 125 billion Iraqi dinars ($107 million), are intended to alleviate the country's housing crisis. The projects comprise 900 housing units, […]
