Babylon Awaits Tourists' Return
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The ruins of the city of Babil, some 56 miles south of Baghdad, flourished as the ancient Mesopotamian capital of Babylon, founded in the 19th century BC. Since that time, the city has suffered […]
Japan, UNESCO help Educate Refugee Children
Japan and UNESCO have joined hands to address the grave consequences of Iraq’s present emergency situation on education. The government of Japan has pledged $3,000,000 in funding to help UNESCO implement two education projects that will benefit IDPs and Syrian refugees in Iraq including the Kurdistan Region of Iraq. An event to launch the two […]
Korean Firm wins $146m Contract at Bismaya
By John Lee. South Korea's LSIS said on Tuesday that it has signed a deal to supply electrical equipment for the Bismayah New-City Project (BNCP) (pictured). The deal, worth about 160 billion won ($146 million, 170 billion Iraqi dinars), will see the company supply equipment for gas insulated switchgear at 32 substations over the next […]
IBBC Welcomes 2 New Members
By John Lee. The Iraq Britain Business Council (IBBC) has welcomed two new members. Privately-owned Upstream Technical Consultants Limited is the organisation's first member from the recruitment sector. Established in the UK in 1998, it opened a branch office in Iraq in 2014, providing skilled exploration and production specialists to the oil and gas industry. Dubai-based […]
Lebanon to Open Consulate in Erbil
By John Lee. The Lebanese government is to open a consulate Erbil in August. According to BasNews, weekly flights connect Erbil and Beirut as over 6,000 Lebanese work in Iraqi Kurdistan, in mainly in education, tourism and investment. More than 25 countries have already opened consulates and representative offices in the Kurdistan Region. (Source: BasNews) […]
How IS Uses Water as Weapon of War
By Walaa Hussein for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Middle East is facing a water crisis. As the region experiences conflicts over water and faces the continuous risk of war breaking out, experts on water predict that the Islamic State […]
Oryx Announces Quarterly Results
Oryx Petroleum has announced its financial and operational results for the three months ended March 31, 2015. (All dollar amounts set forth in this news release are in United States dollars, except where otherwise indicated). Financial Highlights: Total revenues of $5.3 million on working interest sales of 128,700 barrels of oil and average realized sales […]
KRG Reviews Baghdad/Erbil Agreement
To review the latest prospects for and progress of the December 2, 2014 agreement between the KRG and the Federal Government of Iraq, a joint meeting between the Kurdistan Region Council of Ministers’ Presidency and Kurdistan representatives in Baghdad was held in Erbil on Wednesday. After being presented with details and data of oil export […]
Video: Fighting Continues for Refinery
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi security forces are still battling for the control of the country's largest refinery in Baiji, where the Islamic state group has been launching several offensives:
Atlas Knowledge Wins Iraq Training Contract
International learning solutions provider Atlas Knowledge has signed a landmark deal that will see it work with the Iraqi Government to deliver world class safety and technical training to the country’s burgeoning oil and gas workforce. The contract with the Ministry of Oil and Baghdad Oil Training Institute (BOTI) will see Atlas Knowledge deliver a […]
Czech Deal for Combat Planes 'Complicated'
By John Lee. The weak Czech crown is complicating the reccently-agreed sale of the Czech L-159 combat aircraft to Iraq, according to reports from Prague Monitor and Hospodarske noviny (HN). The Czech government now wants Penta, the owner of the mediating firm Aero Vodochody, to pay it 850 million crowns ($35 million, 41 billion Iraqi […]
PM Al-Abadi Receives President of JICA
Prime Minister Haider Al-Abadi received Mr. Akhiko Tanaka, the President of Japan International Cooperation Agency (JICA) and the accompanying delegation on Monday. The meeting discussed the projects implemented by the agency and its future plans in addition to the role of Japan in supporting Iraq in different fields. Dr. Al-Abadi welcomed the delegation and commended […]