Irish-based Petrel Resources has said it is "re-establishing its Baghdad operations". In its interim statement for the six months ended 30 June 2018, the company said: "As we approach the end of 2018, Iraq is fitfully emerging from conflict, and again open for responsible business. Baghdad has re-established its authority, by defeating Da'ech insurgents and […]
Gulf Keystone Petroleum (GKP) has announced the appointment of Kimberley Wood as a Non-Executive Director with effect from 01 October 2018. Kimberley Wood is a legal professional with 18 years' experience and a specialist in the oil and gas sector. Most recently she was Head of the Oil and Gas for EMEA at Norton Rose […]
Comtech Telecommunications Corp. (Nasdaq: CMTL) announced on Monday that during its first quarter of fiscal 2019, its Orlando, Florida-based subsidiary, Comtech Systems, Inc., which is part of Comtech’s Government Solutions segment, has received a $9.1 million sole-sourced contract from The Program Executive Office (PEO) Command, Control, Communications, Computers and Intelligence (C4I), International C4I Integration Program […]
Iraq is negotiating with the U.S. for exemptions from the impending snap-back of sanctions against Iran, arguing that it could not cut consumption of Iranian electricity and natural gas immediately without suffering serious economic harm and social instability. An Iraqi delegation was in Washington last week seeking a waiver for its cross-border trade, meeting with […]
Police officers in Garmiyan [Garmian] Administration have completed a two-day training course organized by the United Nations Assistance Mission for Iraq (UNAMI) Human Rights Office (HRO) on core human rights principles relating to police work. The training course on 18 and 19 September, entitled “Rights of Persons Under Investigation,” was part of a series of […]
The World Bank Group and the European Union have signed a €15.6 million (US$18.1 equivalent) technical assistance program to strengthen public financial management (PFM) oversight and accountability Institutions in Iraq and increase the efficiency in the management of public resources and delivery of services. The initiative, which will be implemented jointly by the European Union […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. US sanctions have made it too expensive for Iranian Shia Muslims to travel to Iraq to mark Ashoura. Ashoura is a day of remembrance, commemorating the death of Imam Hussein, a grandson of […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Some of Iraq's most significant archaeological discoveries have been made in the city of Samara. Samara lies on both sides of the River Tigris north of Baghdad. It marks the site of a […]
By John Lee. German business newspaper Handelsblatt reports that Chancellor Angela Merkel has personally intervened with Prime Minister Haider al-Abadi to persuade the Iraq Government to sign a major contract with Siemens to upgrade the country's electricity infrastructure. It is understood that the State Secretary for Economic Affairs, Thomas Bareiß, accompanied Siemens Chief Executive Joe […]
By John Lee. Prime Minister Haider Al-Abadi has asked Iraq’s Integrity Commission to investigate the delays and stoppages in some infrastructure projects in Basra and other southern provinces. He said some of these delays were the result of corruption, while other we because of what he described as a dereliction of duty and a failure […]
Corruption has become the biggest threat to the future stability of Iraq following the defeat of Islamic State, Britain’s ambassador in Baghdad has told the Evening Standard newspaper in London. Jon Wilks said that although there were “remnants” of IS still present, the country was “settling down ahead of expectations” and starting to recover from […]
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
