Genel Energy shares gain on 2020 Results
Genel Energy has announced its audited results for the year ended 31 December 2020. The shares closed the day up more than 2 percent. Bill Higgs, Chief Executive of Genel, said: "2020 was a uniquely challenging year for everyone. As for Genel, our continued progress and strong performance in 2020 has laid the foundation for […]
MASIL facilitates Successful Visit of Pope to Iraq
Al Burhan and Menzies MASIL form new joint venture and celebrate a successful Pope's visit to Iraq Al Burhan Group along with Menzies Aviation, have formed a new venture - MASIL. Working together on the logistics of the visit of Pope Francis to Baghdad international airport at the start of the first papal visit to […]
Basra-Aqaba Pipeline may be extended into Egypt
By John Lee. Iraqi and Egyptian officials have discussed the possibility of extending the Basra-Aqaba pipeline to Egypt. The matter was discussed at a meeting on Wednesday between Iraq's Oil Minister Ihssan Abdul-Jabbar Ismail the Egyptian Ambassador to Iraq. A press release after the meeting said that extending the pipeline into Egypt would be "an […]
Iraqi Govt approves purchase of Pfizer Vaccine
By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Following discussions, the Cabinet decided to approve the purchase the coronavirus vaccine from the US company Pfizer, on the basis of the manufacture and supply agreement between Pfizer Export BV and the Iraqi Ministry of […]
Genel Energy Non-Exec to Step Down
Genel Energy has announces that after over nine years on the Board, George Rose (pictured), Independent Non-Executive Director, will not be standing for re-election at the forthcoming Annual General Meeting. The Board will continue to keep its size and composition under review, including the balance between independent and non-independent directors in light of the recommendations […]
Iraq aims for "Prosperous Economic Zone" with Jordan, Egypt
By John Lee. Prime Minister Mustafa al-Kadhimi has spoken of creating a "New Mashreq", to harness the broad common interests between Iraq, Jordan and Egypt in order to create a prosperous economic zone that will benefit all countries in the region and in which Iraq would play a major role. Addressing staff at the headquarters […]
IBBC Welcomes Iraq's New Simplified Visa Scheme
By John Lee. The Iraq Britain Business Council (IBBC) has welcomed Iraq's decision to lift the requirement to obtain entry visas prior to arrival in Iraq. In a statement on Tuesday, Christophe Michels, Managing Director of the IBBC, said: "The IBBC has long lobbied for a simpler access to Iraq for business-people, and this program […]
New Report on Iraqi Electricity Sector
This report provides a general overview of the Iraqi electricity sector. It gives a glimpse of the electricity infrastructure starting with electricity generation, transmission, and distribution in Iraq. This publication is part of Business LANDSCAPE series which a series of research publication aims to highlight the current situation of Iraq's economy and private sector through […]
How "Flimsy Evidence" sent Iraqi Kurdish Journalists to Jail
From the Committee to Protect Journalists (CPJ): 'Spaghetti against the wall': how flimsy evidence sent 2 Iraqi Kurdish journalists to jail for 6 years The case against Iraqi Kurdish journalists Sherwan Amin Sherwani and Guhdar Zebari was built on flimsy and circumstantial evidence, five observers of the journalists' Erbil trial last month told CPJ. Their six-year […]
Iraqi Union of Accountants signs Agreement with UK counterpart
On 15th March the Iraqi Union of Accountants and Auditors signed a cooperation agreement with its UK counterpart, the Institute of Chartered Accountants in England and Wales (ICAEW). The signature of this important agreement for both countries was witnessed by IBBC President and UK PM's Trade Envoy Baroness Nicholson, Iraq's Parliament First Deputy Speaker HE […]
Iraq Relaxes Visa Restrictions
By John Lee. The Iraqi government has launched what it describes as "an exceptional programme" to lift the requirement to obtain entry visas prior to arrival in Iraq. The new scheme will apply to citizens of: Countries that are permanent members of the UN Security Council (USA, UK, France, the Russian Federation and the People's […]
First Iraqi Bank (FIB) selects ICSFS platform
By John Lee. First Iraqi Bank (FIB), a newly established digital bank in Iraq, has reportedly selected the ICS BANKS digital banking platform from ICS Financial Systems Limited (ICSFS), to start its operations in Baghdad, Iraq. Shaymaa Ali Hussein, Managing Director of First Iraqi Bank said: "The need for a digital bank in Iraq today […]