By John Lee. Pakistan’s Lucky Cement has reported that the first phase of the brown-field expansion of its cement grinding unit in Iraq is expected to come online by October 2017. It will hava a capacity of 0.4355 million tons per annum, representing half of the planned 0.871-million-ton expansion. The second half the expansion is […]
By John Lee. The Washington Post reports that a former DynCorp International employee has admitted to helped cheat the US State Department out of millions of dollars in Iraq. Jose Rivera, aged 57, pleaded guilty to conspiracy to defraud, acknowledging that he helped convince his employers to rent a camp at Baghdad International Airport at […]
Iran's deputy oil minister has said gas exports to Iraq has reached 7-8m cubic metres per day and will increase as demand is growing, the official Islamic Republic News Agency (IRNA) reported on July 28. Hamid Reza Araqi (pictured), who is also the head of the National Iranian Gas Company (NIGC), said Iraq has suggested […]
By John Lee. The London Court of International Arbitration ("Tribunal") yesterday released its First Partial Final Costs Award, dated 17 July 2017 in the Arbitration between Peal Petroleum Company Limited, Dana Gas PJSC and Crescent Petroleum Company International Limited (the "Consortium") –v- The Kurdistan Regional Government of Iraq ("KRG"). The Tribunal ordered the KRG: to […]
Shares in Genel Energy rose slightly on Tuesday after the company announced its unaudited results for the six months ended 30 June 2017: Highlights Tawke and Taq Taq generated cash proceeds of $139 million in H1 2017, leading to free cash flow of $78 million in the period Successful bond repurchase in April 2017, with […]
A total of 241 Iraqi civilians were killed and another 277 injured in acts of terrorism, violence and armed conflict in Iraq in July 2017*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in July (not including police) was 239, while the number of […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 29 strikes consisting of 35 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition […]
The United Nations Development Programme (UNDP) estimates that more than $700 million will be needed to rehabilitate Western Mosul, in addition to the $370 million required in the Eastern part of the city. The Deputy Special Representative of the United Nations Assistance Mission for Iraq (UNAMI), and UNDP Resident Representative in Iraq, Ms. Lise Grande […]
Iranian Oil Minister Bijan Zanganeh said Tehran and Baghdad have reached an initial agreement to build a pipeline that would export crude oil from the northern Iraqi fields of Kirkuk via Iran. Iran and Iraq are ready to promote their cooperation in the area of energy, Zanganeh said on Sunday after a meeting with his […]
Erbil International Airport (EIA) this week signed a partnership deal with Lufthansa Consulting, part of the Lufthansa Group, to support the development and implementation of its masterplan. The contract, funded by EIA, will secure for the airport key expertise across a range of airport disciplines from project management, through planning, design, cargo, security and safety. […]
Estonian-based Taxify, which describes itself as Europe’s fastest-growing ride-sharing platform, has launched its service in Baghdad, with hundreds of drivers signed up to the platform and ready to accept rides. City Manager of Taxify Iraq, Moammar Hasan describes the service as an app connecting riders, who are looking for a quick and comfortable ride with […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th July 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD764 (+2.1%) / $784 (+2.1%) (weekly change) (-20.4% and -17.2% YTD change, respectively). The number of week traded […]
