Currency Auction Results, 18th Oct
By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 14 remittance companies took part in its currency auction on Tuesday. A total of $152,798,732 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iran "warns Iraq over Gas Debts"
By John Lee. Iranian deputy oil minister Ali Kardor has reportedly urged Iraq to pay off its outstanding debts relating to the construction of a joint gas pipeline with the Islamic Republic. According to Mehr News Agency, he said that if Baghdad fails to settle its outstanding debts, Tehran will not deliver gas to Iraq. The […]
US Continues Humanitarian Assistance for Iraqi IDPs
The United States remains committed to supporting the humanitarian needs of Iraqis as a result of the ongoing war against Da’esh. Since 2014, the United States has given more than $1 billion in humanitarian assistance to help the Iraqi people rebuild their communities, return to their homes, and get back to their lives. U.S.–funded demining […]
Kurdish and Arab families return to Zummar
As the preparations are underway to liberate the City of Mosul from the so-called Islamic State terror group, thousands of families have returned to their villages in Zummar, Nineveh Governorate, after Kurdish forces liberated and secured the area. The High Committee to Evaluate and Respond to International Reports states that more than 2,000 Arab and […]
EU/UNDP Innovation for Development Initiatives
EU/UNDP Innovation for Development Initiative positions Iraq on the Social Good Summit global map with 6 youth gatherings Positioning Iraq on the Social Good Summit global map and promoting innovation and entrepreneurship for the Sustainable Development Goals (SDGs), the EU/UNDP Innovation for Development Initiative under the Local Area Development Programme (LADP) organized six innovation gatherings […]
Healthcare Investment Opportunity in Baghdad
Ministry of Health and Environment in coordination with the National Investment Commission (NIC) are announcing an investment opportunity to build disease testing labs in Baghdad (according to investment law No. 13 for the year 2006 as amended and the regulations issued in its accordance) according to the specifications shown below: The investing company is required […]
Online Fashion Retailer Opens to Iraqi Customers
By John Lee. Dubai-based online fashion retailer Elabelz has started shipping to Iraq. According to a report from Forbes, it will "be the first pioneering player in the uncharted waters of Iraqi e-commerce market". The company, founded in May 2016, has reportedly developed a customized solution of delivery and payment for its clientele in Iraq, […]
German Transport Firm Wins Iraq Govt Contract
By John Lee. German transport firm Alexander Global Logistics (AGL) has announced that it has secured a government project in Iraq. It includes a series of projects for the Ministries of Oil, Trade, Water Resources, and Health; the first project consists of transporing 20 Mercedes Benz trucks. This project will be executed in cooperation with […]
GKP Appoints new Directors, Broker
By John Lee. Gulf Keystone Petroleum (GKP) has announced the appointment of David H Thomas and Garrett Soden to its board as Non-Executive Directors with immediate effect. The company said in a statement: David H Thomas is a highly experienced oil and gas professional, having held a number of board level, senior executive and international […]
Production Commences at Faihaa-2 well in Block 9
By John Lee. Kuwait Energy has announced the commencement of production from the Faihaa-2 well in the Block 9 concession. in Basra Governorate. The Faihaa 2 well was spudded on 3 January 2016, with production testing commencing on 23 September 2016 at 52/64 inch choke size at an initial rate of 9,583 barrels of oil […]
ICTSI Opens First Phase of Basra Gateway Terminal
By John Lee. International Container Terminal Services (ICTSI) has officially inaugurated the first phase of its new $130-million greenfield port development at Basra Gateway Terminal (BGT) in Umm Qasr. Iraq’s Minister of Transport, Kadhem Finjan al-Hamami, attended the ceremony along with ICTSI chairman and president, Enrique K. Razon Jr. The Philippines-based company signed a 26-year concession […]
Iraqi Forces Liberate Hit Island from Daesh Terrorists
Iraq’s Hit Island in Anbar Province has been liberated from Daesh (ISIS, ISIL) terrorist group by the Arab country’s army troops, the head of Anbar Operations Command, Major General Ismail al-Mahalawi, said. The Iraqi army units managed to fully liberate Hit Island, 70 km west of Ramadi, from Daesh Takfiri terrorists, the commander told the […]