Gulf Keystone Petroleum (GKP) has issued providing an operational and corporate update: Jón Ferrier, Gulf Keystone's Chief Executive Officer, said: "In these challenging times, we remain focused on the safety of our people and have adapted our operations to ensure their continued welfare. With the associated economic backdrop compounded by a delay in payments, we […]
COVID-19 is spreading rapidly across the world. Governments of even the wealthiest countries are struggling to cope with the scale of the Pandemic. For Iraq this is nothing short of disaster. Iraq's health care system is in almost permanent crisis, constantly on the brink of collapse. Only days ago, its Health Minister, Jafar Allawi, was […]
By John Lee. China's Anton Oilfield Services (AntonOil) has reported that the Group has received written confirmation from its Iraqi customer in advance that it will automatically renew the 2-year contract after its expiry on July 1, 2020 for one year. In its unaudited interim results for the one year ended 31 December 2019, it […]
By Sara Allawi and Michael O'Hanlon for USA Today. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The relationship between Iraq and the U.S. is in danger of collapse. That can't happen. Do the United States and Iraq, joined at the hip in tragic […]
By John Lee. The Central Bank of Iraq (CBI) has announced that the repayment of loans obtained under its '1 and 5 trillion dinars' finance initiatives for small and medium size businesses (SMEs) will be suspended for three months. According to a statement from the Government of Iraq, the move is an attempt to ease […]
From Middle East Monitor, under a Creative Commons licence. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's Judicial Council rejects Al-Zurufi's appointment as 'unconstitutional' The Supreme Judicial Council of Iraq has disputed the appointment of lawmaker Adnan Al-Zurufi as Prime Minister-designate to […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq has so far registered 214 coronavirus cases and 17 deaths. To prevent further spread of the virus, the government imposed a weeklong curfew in Baghdad and other cities and cancelled all domestic […]
By Lujain Elbaldawi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Is Iraq taking necessary measures to prevent COVID-19 spread? As coronavirus spreads across the globe, the number of infected people in Iraq is still manageable. Though the country has taken strict measures to reduce infections, […]
By Ranj Alaadin, for Brookings Institution. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq has a new prime minister. What next? Iraq has a new prime minister-designate, almost three weeks after the previous nominee - Mohammed Tawfiq Allawi - failed to secure parliamentary […]
By John Lee. The U.S. Army has awarded Navistar Defense foreign military sales contract delivery orders valued at $21.97 million for 134 Medium Tactical Vehicles (MTV). The orders are comprised of 4x4 cargo vehicles, 6x6 general transport trucks (GTT), 6x6 GTT vehicles with material handling equipment (MHE), and 6x6 30-ton wreckers, along with spare parts […]
Genel Energy has announces its audited results for the year ended 31 December 2019. Bill Higgs, Chief Executive of Genel, said: "The industry is currently facing headwinds that challenge companies to demonstrate their resilience and flexibility. Genel has a business model and strategy designed to shelter us from such extreme circumstances, with low-cost oil production, […]
By John Lee. Malaysia's Petronas has said it has shut down production and safely evacuated all of its Malaysian employees from Iraq due to coronavirus (COVID-19). In a statement, the company said: "In view of the COVID-19 pandemic and as a precautionary measure to ensure the health, safety and well-being of our employees, PETRONAS has […]
