GKP Completes $100m Bond Issue
Gulf Keystone Petroleum Ltd., operator of the Shaikan Field in the Kurdistan Region of Iraq, has announced the successful completion of the private placement of a 5-year senior unsecured $100 million bond issue (the "New Notes"). The New Notes will be issued at 100 percent of par and carry a 10 percent fixed semi-annual coupon. […]
Kuwait Fund lends $80m for Iraqi Schools
A Loan Agreement has been signed in Kuwait between the Republic of Iraq and Kuwait Fund for Arab Economic Development (KFAED) whereby the Fund will extend a loan of Kuwaiti Dinars twenty three million five hundred thousand (KD. 23,500,000/-), equivalent to about US$ 80 million, to contribute in financing of Building Modern Schools in Baghdad […]
"Steady Increase" in the Iraqi Dinar
By John Lee. There has been a steady increase in the market price of the Iraqi Dinar (IQD) versus the USD, according to an Iraq Business News Expert Blogger. In his market report for the month of June, Ahmed Tabaqchali said the premium over the official exchange rate has fallen to 1.2 percent, the lowest […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: WASH Coordinator, Terre des hommes (Tdh) WASH Technical Officer, Norwegian Refugee Council (NRC) IT Solutions Associate, UNAMI - United Nations Assistance Mission for Iraq ECHO Project Manager, Save the Children Proposal and Reporting Coordinator, Save the Children Safety & Security Director, Save the […]
New Career Opportunities in Iraqi Kurdistan
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Program Assistant (Administration), UNAMI Driver, UNAMI Business Development and Fundraising Coordinator, Oxfam Senior HR Manager, Oxfam Policy and advocacy Advisor, Oxfam Returns Research Program Manager, Catholic Relief Services (CRS) Peacebuilding Program Manager, Catholic Relief Services (CRS) (Source: UN) (Picture: Success, growth, career, […]
Market Review: “Of Banks and Budget Surpluses”
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Activity in the economy at large, and the market in particular, came to a virtual standstill at the start of the month as it coincided […]
US Lawmakers Visit Baghdad, Erbil, and Mosul
U.S. Senators Lindsey Graham, Jeanne Shaheen, and Elizabeth Warren visited Iraq July 1-4 to meet with senior Iraqi government and security officials and to observe Iraq’s stabilization efforts following the military defeat of ISIS. Senators Graham and Shaheen spent July 1-2 discussing Iraq’s cooperation with the Global Coalition to Defeat ISIS with U.S. and Iraqi […]
Iraq "in Talks" with Turkey, KRG over Kirkuk Exports
By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has said that Iraq is still in talks with Turkey and Kurdish regional authorities to resume exports of Kirkuk crude oil through the Turkish port of Ceyhan (pictured). He said that production from Kirkuk is currently 220,000 bpd, which is entirely used by local […]
Iraq no longer subject to FATF Monitoring
By John Lee. The Financial Action Task Force (FATF) has congratulated Iraq for the significant progress made in addressing the strategic deficiencies in the areas of anti money laundering (AML) and countering the financing of terrorism (CFT) identified earlier by the FATF and included in its action plan. Iraq will no longer be subject to […]
Iraqi Red Crescent provides Assistance in Mosul
One year after the events of Mosul ended in July 2017, the Iraqi Red Crescent teams continue to provide humanitarian assistance to the residents inside the city or to the displaced who face some challenges to return to their homes after their homes have been damaged. After thousands of houses were destroyed, roads and bridges […]
EU Supports Conflict-Affected Iraqi Families
Vulnerable farming families in post-conflict areas in Iraq's Ninewa plains, west of Mosul, will be able to better withstand shocks thanks to a European Union-funded UN Food and Agriculture Organization (FAO) project that aims to increase household income while building, repairing and maintaining local infrastructure and creating communal and public productive assets. The €6 million […]
Floating Oil Island for Iraq's Expected Spurt in Exports
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Floating Oil Island will handle Iraq's expected Spurt in Exports The South Oil Co. (SOC) [possibly should be Basrah Oil Company (BOC), as per comment below, - Editor] […]