UN, USAID to support UN Electoral Assistance to Iraq
UN signs financing agreement with the USAID to support UN electoral assistance to Iraq The United Nations in Iraq welcomes the contribution of USD 9.7 million from the USAID to a UN-led project to support and assist capacity-building within the Iraqi Independent High Electoral Commission (IHEC). The USAID funding will also support the deployment of […]
Video: Where has Iraq's Oil Wealth gone?
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Decades of plundering: Where has Iraq's oil wealth gone? Ranked as the fourth-biggest oil producer in the world, many would assume that Iraq has the financial resources to weather the pandemic. But that […]
Iraqi Border Crossings "Better Protected"
By Shelly Kittleson, for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi border crossings better protected as cells attempt desert attacks The prime minister's decision to send military reinforcements to Iraq's border ports last year seems to have made officials […]
DNO Buys Exxon's Stake in Iraqi Oilfield
DNO ASA, the Norwegian oil and gas operator, has announced the acquisition of ExxonMobil's 32 percent interest in the Baeshiqa license in the Kurdistan region of Iraq, doubling DNO's operated stake to 64 percent (80 percent paying interest), pending government approval. The Company plans to continue an exploration and appraisal program on the license while […]
Dana Gas to Increase Drilling in Iraqi Kurdistan
Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, today announced its Preliminary Unaudited Financial Results for the full year ended 31 December 2020. The Company reported a Net Profit of $36 million (AED 131mm) versus $88 million (AED 322mm) in 2019, excluding one-off non-cash impairments and other income. Including these […]
DNO announces 2020 Interim Results
DNO ASA, the Norwegian oil and gas operator, today reported interim 2020 revenues of USD 615 million, down a third from a year earlier in the wake of weak oil prices triggered by the pandemic and global economic contraction. Net production totaled 95,100 barrels of oil equivalent per day (boepd), down nine percent, as the […]
Iraqi PM pushes forward with Reform Agenda
The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. The Cabinet discussed the latest Covid-19 related developments, and received a briefing from the Minister of Health on government measures to contain the spread of the virus. Following discussions, the Cabinet agreed to establish the Higher Committee for Reform […]
Iraq welcomes two New Ambassadors
By John Lee. Iraq's Foreign Minister Fuad Hussein has received copies of the credentials of two new ambassadors to the country. Walid Mohamed Ismail is the new Ambassador of the Arab Republic of Egypt, while Paula Ganly becomes the new Australian Ambassador to Iraq. (Source: MOFA)
Pope's Schedule in Iraq reveals Two Missions
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Pope's schedule in Iraq reveals two missions In the first-ever papal visit to the country, Pope Francis plans to highlight the plight of Iraq's dwindling Christian population and promote interfaith dialogue. […]
New Electronic Banking Service launched in Iraq
By John Lee. The Central Bank of Iraq (CBI) has announced the launch of its "digital enrollment service", which it says is the first of its kind in Iraq and the region. According to a statement from the CBI: "Digital enrollment is an integrated digital financial system that enhances financial independence and liberation from traditional […]
Possible Reopening of Iraqi Embassy in Libya
By John Lee. Iraq's Foreign Minister, Fuad Hussein, has met with the Foreign Minister of Libya's Government of National Accord (GNA), Mohamed Taher Siala, on the sidelines a meeting of the League of Arab States in Cairo. Minister Hussein congratulated his Libyan counterpart on the occasion of announcing the results of the formation of the […]
Iran, Iraq sign Judicial Cooperation MoUs
Senior authorities from Iran and Iraq signed three memoranda of understanding to promote judicial and legal cooperation between the two neighbouring states. The documents were inked in Baghdad on Tuesday by the prosecutor generals, justice ministers and heads of the two countries' prison organizations. The signing ceremony followed a meeting between Iran's Judiciary Chief Ebrahim […]