By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The Iraqi Supreme Judicial Council issued an official order to the Erbil Appeals Court on April 8 to implement an arrest warrant for the former governor of Ninevah province, Nawfal al-Akoub. A conflict over […]
By John Lee. Philippines-based International Terminal Container Services Inc. (ICTSI) has reportedly allocated additional funds for capacity expansion at its Basra Gateway Terminal (BGT) at the Port of Umm Qasr. Rafael Consing, ICTSI chief financial officer, is quoted by the Philippine Daily Inquirer as saying that this year’s capex budget of $380 million will be […]
By John Lee. US-based investment giant BlackRock has increased its shareholding in Gulf Keystone Petroleum (GKP) to 5 percent, up from 4.89 percent. Shares in the company have risen 35 percent since the start of the year. In 2016, GKP announced that it was in default on its debt obligations, which led to a restructuring […]
By John Lee. The Kurdistan Regional Government (KRG) has issued a report on its "Priority Humanitarian Small Scale Projects: In Health, Education, Municipality, Electricity, Social Care, Agriculture and Livelihoods and Water Sectors Kurdistan Region-Iraq 2019". The document presents a detailed breakdown of a total 167 priority humanitarian Small Scale Projects (SMPs) for 2019. The focus […]
The Iraq Britain Business Council (IBBC) held its annual Spring Conference at the Mansion House in London on 10 April, hosting officials from the UK and Iraqi Governments and delegates from the major companies operating in Iraq covering all sectors of the economy. The conference was entitled ‘Iraq – Financing a Modern Economy’ and was […]
By John Lee. Share in Genel Energy closed Thursday up 2.75% after the company announced an update on activity at the Taq Taq field (Genel 44% working interest), as testing of the TT-20z well has now been completed. In a statement, the company said the well has entered production at an initial rate of 2,000 […]
By John Lee. Sharjah-based Dana Gas has announced that its average production for Q1 2019 has increased by 6% year-on-year to 68,700 boepd from 65,000 boepd in Q1 2018. The first quarter production increase was led by the Kurdistan Region of Iraq (KRI), which leapt to 32,750 boepd in Q1 2019 from 26,300 boepd in […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 11th April 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD581 (+0.5%) / $626 (+0.5%) (weekly change) (-11.9% and -11.9% YTD change, respectively). The number of week traded […]
By Hamidreza Azizi for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iran, Iraq forge ahead with collaboration amid US pressure Iraqi Prime Minister Adel Abdul Mahdi visited Tehran April 6-7, his first official visit to the neighboring country since assuming […]
US-based Textron Aviation Defense has been awarded a $15,350,000 contract for continued support for the completion of the reconstitution of 15 T-6A aircraft. This modification provides for a schedule extension to complete the reconstitution of 15 T-6A aircraft and procure cartridge actuated devices and propellant actuated devices. Work will be performed at Imam Ali Air […]
Iran and Iraq have reached an understanding on the joint development of the Naft Shahr and Khorramshahr oilfields, Iranian Minister of Petroleum Bijan Zangeneh has announced. Speaking on Sunday, during a visit to the Energy Industries Engineering and Design (EIED), an affiliate to the Oil Industries' Engineering and Construction (OIEC), the official said: "There are […]
As part of the continues support of the United Nations Development Programme (UNDP) to the University of Karbala, a workshop has been conducted for the period 1 to 5 April on the e-learning modules, gathering twenty senior officials and academics from Karbala University, as part of the technical support provided by the Public Sector Modernization […]
