GE, Kapita to support up to 50 Iraqi Microbusinesses
GE partners with Kapita to drive growth of Iraqi entrepreneurship ecosystem As part of its ongoing commitment to support Iraq and its people through the acceleration of socio-economic progress, GE has partnered with Kapita, a grassroots entrepreneurship organization to launch the 'Iraqi Microbusinesses' initiative - "Takaat" in Arabic. Through the new partnership, GE will support […]
Iraq receives First Batch of Turkish Rail Tankers
By John Lee. Iraq has reportedly taken delivery of its first batch of rail tankers from Turkey. According to Daily Sabah, the first 50 units, manufactured by Cryocan, were sent by truck, with a further 400 units still to be made. The tankers will be used by Iraq Republic Railways (IRR) to transport oil and […]
Iraq Tightens COVID Restrictions
The Higher Committee for Health and National Safety held a meeting on Saturday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. The Committee reviewed the latest Covid-19 related developments and agreed several measures to address the recent rise in the number of cases in Iraq. The measures include: Imposing a total curfew on Friday, Saturday […]
Jordan, Iraq bolster Economic Cooperation
By John Lee. Jordan and Iraq held talks on Saturday in Amman to enhance economic cooperation in various fields, especially trade and investment. According to Jordan Times, the meeting was headed by Jordan's Minister of Industry, Trade and Supply, Maha Al Ali, and Iraqi Minister of Industry and Minerals, Manhal Aziz. More here. (Source: Jordan […]
Iraq Opens Several Border Crossings with Iran
Iraq Opens Several Border Crossings for Iranian Transit Following the Iranian Judiciary chief's recent visit to Iraq, the Arab country has reopened several border crossings for the shipment of Iranian commodities by land freight. The Iraqi Ministry of Transport has issued an order to reopen a number of border crossings to Iranian trucks after a […]
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 […]