By John Lee. On October 4, 2012, the United States government, through the U.S. Agency for International Development (USAID), signed a memorandum of understanding (MOU) with Iraq’s Council of Representatives (COR) to launch a joint program to improve access to the Iraqi legal system for vulnerable and disadvantaged populations. The signing ceremony was attended by […]
By John Lee. Genel Energy has said it that it will continue shipping crude oil from Iraqi Kurdistan, following confirmation from the KRG that it has finally received an initial payment from Baghdad. Despite Iraq's finance ministry issuing an initial payment early last week, by Friday the funds had still not landed in the KRG account, […]
Low-cost airline Air Arabia has announced the launch of services to Erbil, its second destination in Iraq. Flights to the Iraqi city will commence on October 14th, marking Air Arabia’s 76th destination worldwide. The carrier will offer four weekly services between Sharjah and Erbil. On Mondays, Fridays and Sundays, flights depart from Sharjah International Airport […]
By Shwan Zulal. 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. How will I support myself in my old age? People ask this question all around the world. One Kurdish writer argues that a universal pension scheme […]
By John Lee. Genel Energy has announced that the Chia Surkh 10 exploration well was spudded on 7th October 2012. The Chia Surkh 10 well is the first exploration well to be drilled on the Chia Surkh exploration block whichcovers an area of 984 square kilometres in the southern part of the Kurdistan Region of […]
By John Lee. The director of Karbala Investment Commission has announced that the cornerstone for a major housing complex has been laid. Ta'if Abdul Hussein told Aswat al-Iraq that the project will be implemented by a Turkish company along the highway linking Karbala and Najaf. The project consists of 1260 housing units, with associated infrastructure, […]
By John Lee. The new Polish Ambassador to Iraq, Lech Stefaniak, presented his credentials to Iraqi Foreign Minister Hoshyar Zebari on Sunday. The Minister welcomed the Ambassador and praised the friendly relations between the two countries, stressing the Ministry's readiness to provide all required assistance for the success of the Ambassador's mission. The Ambassador thanked […]
Why is the World Energy Outlook 2012 focusing on Iraq? (Source: IEA)
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th October 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,441 / $1,558 (+1.1%) (weekly change). The number of week traded shares was 7.9bn and the weekly trading volume was ID13.1bn ($10.9mn). ISX Company […]
By John Lee. The Kurdistan Regional Government (KRG) is planning to build an oil pipeline to Turkey with a capacity of 1 million barrels a day, according to a report from Platts. KRG natural resources minister Ashti Hawrami (pictured) told an energy conference in Turkey on Thursday that plans were already in place for the […]
By John Lee. Gulf Keystone has announced the launch of an offering of senior unsecured convertible bonds due October 2017 in a principal amount of USD$ 200 million, which may be increased in the event the Company exercises in full its increase option of up to USD$ 25 million (the "Increase Option"). Shares in the […]
The Managing Director of Romania's Rompetrol has said that the company is interested in exploring in Iraq. Gavit Kurkimov (pictured) said: "We have just visited Iraq. The main purpose of our visit was to gather information on the possibilities of drilling there ... we do not carry out any activities in Iraq, but have opened […]
