Trump Victory: "No Change" in Baghdad-Washington Ties
The Iraqi government has said that the election of Donald Trump as US president will not change its relationship with the United States. Government spokesman Saad al-Hadithi told Rudaw: “The Iraqi-American strategic agreement, including the economy and war on terror are all mutual files between the two countries and these ties will remain as they […]
Mott MacDonald to design new Xarajyan Oil Terminal
Mott MacDonald has been appointed by Qaiwan Group to provide engineering, procurement and construction management services for the new Xarajyan oil terminal in Iraqi Kurdistan. The facility will handle petroleum products such as gasoline, diesel, aviation turbine fuel, kerosene, fuel oil and liquefied petroleum gas. Qaiwan Group is a 2000-strong privately-owned company headquartered in Sulaymaniyah, […]
Lufthansa Consulting Helps Iraq upgrade Airports
The Iraqi Government and Lufthansa Consulting are continuing their longstanding relationship in order to further enhance the aviation system in Iraq. The country’s Ministry of Transport signed a comprehensive agreement for a long-term strategic advisory and implementation project that will focus on restructuring the national carrier Iraqi Airways and the Iraq Civil Aviation Authority (ICAA) […]
KRG Publishes Detailed Oil Production Data
The KRG Ministry of Natural Resources announces the publication of the Kurdistan Oil Production Report. The report is compiled from data provided by the oil producing companies operating in the Kurdistan Region, and details overall oil production, export, refining, and local trading in KRG-operated fields from January 2015 to September 2016. It also breaks down […]
Coalition Targets ISIL Terrorists in Syria, Iraq
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Monday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter […]
Mosul Humanitarian Crisis, 9th November 2016
IN NUMBERS 42,000 people are currently displaced 70% of displaced people are in emergency camps 30% of displaced People are in host communities 40,000 more spaces are available to shelter displaced people in emergency camps 450,000 additional spaces are under construction or planned 41,000 people have been reached by first-line emergency assistance SITUATION OVERVIEW The […]
Currency Auction Results, 9th Nov
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 15 remittance companies took part in its currency auction on Wednesday. A total of $146,910,320 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Video: Oud Sales Decline due to Turmoil in Iraq
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's political and economic crises are taking a toll on sales of one of the most important musical instruments of the Arab world, Oud. The Oud dates back at least several thousand years. […]
Video: Iraq's Devout Food Delivery Army
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In Iraq, scores of Shiite volunteers devote themselves to bringing food and support to the fighters battling the jihadists of the Islamic State group on Mosul's southern front.
Int'l Firms Needed for Seawater Injection Project
By John Lee. Iraqi oil minister Jabar Ali al-Luaibi [Allibi] has directed the South Oil Company (SOC) to invite international companies to execute the sea water desalination project in southern Iraq. The Common Seawater Supply Facility (CSSF) is considered vital to maintain the production volumes at Iraq's oil fields. It is to be implemented in […]
Kurdistan Oil & Gas Leaders to Meet in London
Kurdistan’s Oil & Gas Leaders to Hold Official Annual Meeting in London The Ministry of Natural Resources of the Kurdistan Regional Government, Iraq is to hold the sixth official Kurdistan-Iraq Oil & Gas Conference in London, on 5-7 December 2016 to drive forward the oil and gas development in the Region of Kurdistan. Energy events […]
Instability hits Gauloises and Gitanes Sales
By John Lee. Imperial Brands, formerly Imperial Tobacco Group, stated on Tuesday that “continued instability in [Iraq and Syria] held back trading particularly in Gauloises and Gitanes in the first half." (Source: Imperial Tobacco)