The U.S. Embassy in Baghdad has announced that it are now accepting applications for the U.S. Government-sponsored Iraqi Young Leaders Exchange Programs (IYLEP). This program will provide 250 Iraqi high school and undergraduate students a unique educational exchange experience in the United States during the summer of 2014. Since their creation in 2007, the IYLEP […]
KRG Foreign Minister Falah Mustafa welcomed the Bosnia and Herzegovina Minister of Energy, Mining and Industry, Erdal Trhulj, and his accompanying delegation to Erbil. The meeting was also attended by Siham Jabali, the Assistant Head of the DFR. Minister Mustafa welcomed Minister Trhulj and expressed his pleasure at the interest shown by Bosnia and Herzegovina […]
By Yasmine Khaled Aly, UNIDO. Before learning about UNIDO’s Investment Promotion in Iraq (IPI) Project, Anwar Hussein – a young, ambitious and hardworking Iraqi – had a small business but few business opportunities. With IPI's help, Anwar’s business, and life, have changed. Like many young entrepreneurs in Thi-Qar, Anwar wanted to start a business where […]
By John Lee. Shares in Afren were trading up more than 3 percent on Thursday afternoon following the release of the company's Interim Management Statement, which included the following update on its Iraqi operations: Barda Rash On 8 July 2013 Afren commenced preliminary crude oil sales from the Barda Rash PSC to the local market. […]
By John Lee. Reuters reports that the delivery of F-16 fighter jets to Iraq is "on track" for next autumn. An American official told the news agency, on condition of anonymity, that Iraqi pilots are in training, and Iraq recently paid an instalment of roughly $650 million for the jets. Iraq signed a new contract […]
By John Lee. Minister of Foreign Affairs, Hoshyar Zebari, recently received the Undersecretary of the Belarusian Ministry of Foreign Affairs, Valentine Rybakov, and the Head of the of Africa and Middle East Department at the Belarusian Ministry of Foreign Affairs, Igor Alexandrevich. The meeting discussed relations between the two countries and strengthening political, economic, trade, […]
The Iraq Club is a business-focussed forum run by people who understand the nature of doing business in Iraq. This exclusive network brings together senior professionals to share experiences of working in Iraq’s energy and construction sectors. Our guests make connections that will help them solve the particular challenges they are facing in country. Please note […]
Businesses across the Middle East and North Africa will get a £4.5 million boost from the UK, Prime Minister David Cameron announced at the World Islamic Economic Forum on Tuesday. The UK’s funding to the Nomou business fund will be matched by the Shell Foundation to support ‘missing middle’ businesses - those too large for […]
By John Lee. Shares in Genel Energy closed the day unchanged on Wednesday following the issueing of its Interim Management Statement for the period from 01 July 2013 to 29 October 2013. The Company will announce its full year 2013 Trading Statement and Operational Update on 15 January 2014. Full year 2013 results will be […]
By John Lee. Gulf Keystone Petroleum (GKP) announced today the launch of an offering of senior unsecured convertible bonds which will be issued in a principal amount of US$ 50 million. The New Bonds are to be issued on the same terms (save for the issue price) as, and shall be consolidated and form a […]
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Abu Ahmad blows puffs of smoke from his cigarette into the air while standing in front of a pile of used clothes he has spread out on the ground in Bab […]
A Polish delegation headed by the Director of the Department of Economy from the Marshal Office of the Wielkopolska Region, Beata Joanna Łozińska, met with the Head of the KRG Department of Foreign Relations, Minister Falah Mustafa, to discuss ways of furthering bilateral relations between Kurdistan and Poland. The meeting was also attended by the […]
