Iraqi Oil Tankers Company to Expand its Fleet
By John Lee. The Iraqi Oil Tankers Company (IOTC) has confirmed that it plans to increase the size of its fleet. The company's general manager, Ahmed Khazal, told the Iraqi News Agency (INA), that it will both build and buy new tankers. IOTC currently owns four tankers. (Source: INA)
New initiative by UNDP Digitalizes Iraq's Public Sector
Innovation first: new initiative by UNDP digitalizes Iraq's public sector Under the Digital Transformation and E-governance project - in Iraq-, Iraq's Council of Ministers Secretariat (COMSEC) with the support of the United Nations Development Programme (UNDP) in Iraq and the Regional Hub in partnership with the implementing partner Estonia for e-Governance Academy, is launching a […]
Family "Power Grab" raises Fears of Intra-Kurdish Violence
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Family power grab in Iraqi Kurdistan raises fears of intra-Kurdish violence Talabanis strip their cousin of all powers amid a power struggle in the Kurdistan Regional Government's Patriotic Union […]
Suppliers chosen for UNMAS Contracts in Iraq
By John Lee. Two companies have won contracts with the United Nations Office for Project Services (UNOPS) for the provision of equipment to UNMAS in Iraq: Lot 1 - Adalk Co Ltd, for the supply of Head Torch, Dragon Light, Digital Camera, Voice Recorder and Hand Torch: Contract value $20,000 Lot 2 - Alfarez for […]
US contributes $53.3m to UNHCR Ops in Iraq
UNHCR welcomes the generous contribution of USD 53.3 million by the Government of the United States of America (USA) towards UNHCR's protection and assistance programmes to support vulnerable displaced persons (IDPs) and Syrian refugees in Iraq. This contribution brings the total USA contribution to UNHCR Iraq in 2021 to USD 88 million. Thus far, the […]
ECW announces $12.5m Grant for Iraqi Education
By John Lee. Education Cannot Wait (ECW) had announced a new multi-year resilience programme that it says will reach a total of 192,100 forcibly displaced children and youth in Iraq. An initial $12.5 million catalytic seed-funding grant from ECW will be implemented by Save the Children in coordination with the Iraq's Ministries of Education in […]
KRG Approves DNO Purchase of Exxon Stake in Baeshiqa
By John Lee. DNO ASA, the Norwegian oil and gas operator, today announced that the Kurdistan Regional Government has approved the Company's acquisition of ExxonMobil's remaining 32 percent interest in the Baeshiqa license, doubling DNO's stake. In parallel, commerciality has been declared on the license with plans submitted for fast-track development including early production from previously […]
Genel Energy Increases Dividend
By John Lee. Genel Energy has increased its interim dividend, announced in its unaudited results for the six months ended 30 June 2021: Bill Higgs, Chief Executive of Genel, said: "Genel continues to deliver on its strategy and demonstrate the merits of its business model. Capital investment made last year, despite the low oil price […]
Iraq Progresses Towards WTO Membership
The Chairperson of the Working Party on the Accession of Iraq to the World Trade Organization (WTO), Ambassador Omar Hilale (Morocco), visited Geneva on 16-18 June. Building on his earlier visits, the purpose of the Chairperson's meetings in Geneva was to identify steps and mobilise support in relaunching Iraq's accession process which had been challenging […]
Special Investigation Courses for Iraqi Police
The United Nations Development Programme (UNDP) in Iraq has completed a series of special investigation courses for investigators of the Iraqi police service with support from Germany. Weekly and bi-weekly courses were held for senior police investigation officers on homicide investigations and suspect interviewing. Homicide course attendants received professional insights on how to respond to […]
Iraqi Kurdistan Water Crisis blamed on Climate and Iran
By Saman Dawod for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan water crisis blamed on climate and Iran Iraq's Kurdistan Regional Government (KRG) has asked citizens to ration water. Click here to read the full story.
Amid Iranian Gas Shortage, Iraq searches for Alternatives
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Amid Iranian gas shortage, Iraq searches for alternatives Iran's dilapidated gas infrastructure has limited its transfers to Iraq, adding to Iraq's own energy crisis. Click here to read […]