DNO Completes $400m Bond Placement
DNO ASA, the Norwegian oil and gas operator, has completed the private placement of USD 400 million of new five-year senior unsecured bonds with a coupon rate of 7.875 percent. The placement met strong investor demand across international markets and was significantly oversubscribed, leading the Company to upsize the new bond issue from USD 300 […]
Iraq Oil Exports Exceed 3m BPD
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for August of 94,660,239 barrels, giving an average for the month of 3.054 million barrels per day (bpd), up from the 2.918 million bpd exported in July. The exports from the oilfields in central and southern Iraq amounted to approximately 91,655,930 barrels, while […]
KRG to tackle Cost of Bread
By John Lee. The Kurdistan Regional Government has said it is working on addressing the rising costs of bread and other basic commodities. In a statement, it said that the relevant ministries and administrative authorities will aim to assist bakeries in the near term, and address the reliance on imported flour in the long term […]
Al-Sadr Reverses Decision to stay Out of Iraqi Elections
By Hassan Ali Ahmed, for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Muqtada al-Sadr reverses decision to stay out of Iraqi elections After his withdrawal from October elections due to public anger against the ministers of health and electricity - […]
Iraq ratifies Mauritius Convention on Transparency
With the deposit of the instrument of ratification at the UN Headquarters in New York, Iraq becomes the ninth State Party to the United Nations Convention on Transparency in Treaty-based Investor State Arbitration, also known as the "the Mauritius Convention on Transparency". Iraq joins Australia, Benin, Bolivia, Cameroon, Canada, Gambia, Mauritius and Switzerland as a […]
Nokia to build Asiacell's Next-Gen Microwave Network in Iraq
By John Lee. Finland's Nokia today announced that Asiacell Telecom has chosen Nokia to build its next-generation microwave network in Iraq. In the five-year deal, Nokia's Wavence microwave packet radio will help Asiacell address demand for more capacity and provide fiber-like connectivity everywhere, including remote and difficult-to-reach areas In a press release, Nokia said that […]
Baghdad Summit "Clear Win" for Kadhimi
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Even without breakthrough, Baghdad summit clear win for Kadhimi The Aug. 28 Baghdad Conference for Cooperation and Partnership ultimately managed to gather senior officials from neighboring and regional countries in a bid to […]
Opening of Village Dairy Centers for Milk Processing
First Opening of Village Dairy Centers for Milk collection, Processing and Marketing in Nineveh Governorate For the purpose to complement the humanitarian efforts carried out by the United Nations in Nineveh Governorate, and within the framework of supporting income generation for returning families and local communities, the Food and Agriculture Organization of the United Nations […]
Baghdad Conference for Cooperation and Partnership
Final statement of the Baghdad Conference for Cooperation and Partnership On August 28, Baghdad hosted the Baghdad Conference for Cooperation and Partnership, at the level of leaders and presidents to support Iraq and discuss challenges, common issues and future prospects. The participants expressed their thanks and appreciation for the efforts of the Republic of Iraq […]
Baghdad conference to establish Cooperation, Partnership in Region
By Ali Mamouri for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Baghdad conference to establish cooperation, partnership in region Baghdad Conference stressed the necessity of supporting Iraq, providing a great boost to the Iraqi government. Click here to read the […]
Launch of "TipTop Jet" Restaurant Delivery Service
By John Lee. TipTop, the online food delivery service in Iraq, has announced its new service -- TipTop Jet -- a direct delivery ordering system for restaurants. The company says the use of this technology will help restaurants manage their orders, track them from the kitchen to the customer's front door, eliminate the cost of […]
Strengthening the Agri-Food systems in Southern Iraq
Restoration and strengthening the resilience of agri-food systems in Southern Iraq Key Findings of Rapid Needs Assessment and Identification of Key-Value Chains challenges and Interventions in Basra, Missan and Thi-Qar. The project 'Restoration and strengthening the resilience of agri-food systems in Southern Iraq' (GCP/IRQ/004/EC) funded by the European Union (EU) and implemented by the Food […]