New Partner joins Al Tamimi & Co in Iraq

By John Lee. Law firm Al Tamimi & Company has announced that Tom Calvert has joined the firm as Partner. In a statement, the company said that Calvert will head its corporate commercial practice in Iraq, in addition to leading the firm's China Group which will actively advise Chinese companies operating in the region on […]

Coordinating Ag and Tech Vocational Education in Iraq

Coordinating agriculture and technical vocational education and training in Iraq A needs assessment workshop for establishing a National Agriculture Technical Vocational Education and Training (TVET) Committee has been held in Baghdad. This committee would be instrumental in harmonising various activities being undertaken by key partners to reform agriculture-related TVET in Iraq. Representatives from the Prime […]

From Farm to Fork: Iraq's Vital Agri-Food Sector

From Farm to Fork: Europe Day in Iraq highlights country's vital agri-food sector The Delegation of the European Union to Iraq marked Europe Day in Baghdad today. An event that brought together partners, highlighted the country's vital agri-food sector and efforts that support its sustainable development. The one-day event was attended by representatives of the […]

Iranian Gas passed off as Iraqi Origin

By John Lee. Media in Pakistan report that Iranian LPG has been illegally imported into the country under the guise of Iraqi product. According to Business Recorder, the latest case is one of five ships which are allegedly involved in the illegal import of Iranian LPG using a falsified declaration of origin. Pakistan's Ministry of […]

DNO Profits Surge on Back of High Oil and Gas Prices

DNO ASA, the Norwegian oil and gas operator, today reported an 84 percent jump in operating profit in the first quarter of 2022 to USD 236 million on the back of high oil and gas prices and solid production performance. Net debt dropped USD 126 million quarter-on-quarter to USD 27 million. "Oil and gas are […]

Genel Energy issues update on Trading and Ops

Genel Energy has issued the following trading and operations update ahead of the Company's Annual General Meeting ('AGM'), which is being held today: Bill Higgs, Chief Executive of Genel, said: "Our robust financial position continues to strengthen, supporting investment in our organic portfolio as well as our progressive dividend. Despite the result of Sarta-5, the […]

AirSada wins Medevac Contract with Hyundai in Basra

By John Lee. The Turkish-based private jet charter company AirSada has won a second contract to supply medical evacuation (medevac) services, this time to South Korea's Hyundai Engineering and Construction in Iraq. The contract with AirSada, which runs to September 2025, includes air ambulance and medical treatment services. It was signed by Mr Tolga Urcu, […]

Russian: 'No objections' to Kurdistan exporting Gas to Europe

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Russian ambassador to Iraq: 'No objections' to Kurdistan Region exporting gas to Europe Elbrus Kutrashev (pictured) spoke to the Kurdish news outlet Rudaw about plans to export natural gas […]

Italy assumes command of NATO Mission in Iraq

Major General Giovanni Iannucci (pictured) from Italy has assumed command of NATO Mission Iraq, following a change of command ceremony held in Baghdad. He succeeds Lieutenant General Michael Lollesgaard from Denmark, who had assumed his command on 6 May 2021. On the occasion of the change of command, NATO Secretary General Jens Stoltenberg offered the […]

Market Review: "Ramadan & Profit Taking"

By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "Ramadan & Profit Taking" The market, as measured by the Rabee Securities RSISX USD Index, declined by 7.0% for the month, and up of 8.2% […]

Rehabilitation of 60 Shops and 3 Schools in Ninewa

UNDP completes rehabilitation of 60 municipality shops and three schools in western Ninewa Sixty municipality shops in Tal Abta and three primary schools in Sinjar that were damaged or destroyed during the ISIL conflict were officially inaugurated by the United Nations Development Programme (UNDP) and the Ninewa Governorate. Benefitting around 1,900 residents, the four facilities […]

Shares in Genel Energy slump on Sarta Result

By John Lee. Shares in Genel Energy were trading down 7 percent on Tuesday morning after the company announced disappointing results at the Sarta-5 appraisal well: "Genel Energy plc ('Genel' or 'the Company') announces the following update on the Sarta PSC (30% working interest and operator). "Testing of the Sarta-5 appraisal well has been completed. […]