Broadening Negotiations Could Help Resolve Kuwaiti-Iraqi Maritime Dispute
By Bader Al-Saif, for Carnegie Middle East Center. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Think Big: Why Broadening Negotiations Could Help Resolve the Kuwaiti-Iraqi Maritime Dispute Kuwait and Iraq have worked hard to rebuild bilateral ties. Resolving their maritime dispute as […]
Iraq's UR Airlines adds to Fleet
By John Lee. Iraq's UR Airlines has reportedly added a B737-300 to its fleet. According to ch-aviation, the 21-year-old Boeing joins the company's only other aircraft, a B737-400. More here. (Source: ch-aviation)
Iraq receives First Delivery of Vaccines through COVAX Facility
Iraq receives the first delivery of COVID-19 vaccines through the COVAX Facility Amid a global shortage of COVID-19 vaccines, Iraq has finally received 336 000 doses of AstraZeneca COVID-19 vaccine through the COVAX Facility, a partnership co-led by Coalition for Epidemic Preparedness Innovations (CEPI), Gavi - The Vaccine Alliance and the World Health Organization (WHO), […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th March 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD914 (-4.0%) / $812 (-3.3%) (weekly change) (+26.0% and +22.5% YTD change, respectively). The number of week traded […]
Fitch Upgrades Outlook on Iraq to "Stable"
By John Lee. Fitch Ratings has revised its outlook on Iraq's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at 'B-'. More here. (Source: Fitch)
Cabinet approves $480m Drilling Deal in Southern Iraq
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 approved a bid from Schlumberger to drill 96 wells for the Basra Oil Company (BOC) and ExxonMobil. The company has previously worked at ExxonMobil's West Qurna 1 field in southern Iraq. […]
GKP Resumes Kurdistan Investment Programme
Gulf Keystone Petroleum (GKP) has announce the resumption of the Company's growth plans to ramp-up gross production towards 55,000 barrels of oil per day ("bopd"). Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "After a year of successfully managing the impact of COVID-19 on our people and production operations at Shaikan, we are pleased […]
Launch of Consultations for Iraq's Voluntary National Reviews
UNDP Iraq supports Ministry of Planning to launch consultations for Iraq's second Voluntary National Reviews The effects of the COVID-19 crisis have had far-reaching impacts in Iraq, including those related to progress toward achieving the United Nations Sustainable Development Goals (SDGs) by 2030. Accordingly, the Iraqi Ministry of Planning in cooperation with the United Nations […]
UNESCO trains Police on Dangers to Iraqi Women Journalists
UNESCO Iraq trains female police officers to respond to the dangers and threats facing Iraqi women journalists Within the multi-donor program MDP grant, UNESCO Iraq Office, CI, organized a three-day training course targeting 18 police officers from the Crimes Against Journalists Investigation Unit. This session comes as part of UNESCO's efforts to strengthen the national […]
Petrofac Wins Contract Extension in Iraq
By John Lee. Petrofac has announced that its Engineering & Production Services division ('EPS') has secured a one-year contract extension worth around US$80 million with a key client in Iraq. While not mentioning the specific project, the company said: "The award is recognition of Petrofac's successful eight-year track record of safe delivery as the incumbent […]
Iraq launches New Educational TV Channel
By John Lee. Iraq's Ministry of Education has launched Madrasty, a new educational TV channel. The channel will be broadcast via satellite from 9:00 a.m. to 4:00 p.m. each day. There will also be a facility for students to contact their teachers by phone. The Head of Iraq Educational TV, Ahmed Adil, said the new […]
Textron awarded $12m Iraq Contract
By John Lee. US-based Textron Aviation Defense has been awarded a $12,548,081 firm-fixed-price modification (P00033) to contract FA8620-17-C-3011 for the Iraq Air Force Peace Dragon Program. This modification adds the six months to Option Year Three of the multi-year basic contract. Work will be performed in Wichita, Kansas, and is expected to be completed March […]