UKEF Financed 3 Iraqi Projects last year
By John Lee. UK Export Finance (UKEF) has published its annual report and accounts for 2017 to 2018, in which it lists three export projects supported in Iraq: Enka UK Construction Ltd received letter of credit guarantees and supplier credit totalling £87,910,650 for the construction of a gas-fired power plant for Iraq's Ministry of Electricity; […]
Russian Airline launches Moscow-Baghdad Service
By John Lee. Russian airline Red Wings reportedly made its maiden flight to Iraq on Wednesday. This marks the resumption of services between Moscow and Baghdad following the Iraqi War in 2003. The new service will begin with one regular flight per week. (Source: AFP)
Genel, DNO, receive KRG Payment for March
By John Lee. Genel Energy and DNO have said that the Tawke partners have received $62.19 million from the Kurdistan Regional Government (KRG) as payment for March 2018 crude oil deliveries to the export market from the Tawke licence. Genel's net share of the payment is $15.52 million. The Taq Taq partners have received a […]
GKP Receives Further Payment from KRG
By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $19.7 million ($15.5 million net to GKP) has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil sales during March 2018. (Source: GKP)
Lake Milh dries up in sign of Worse to come
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's favorite lake dries up in sign of worse to come Karbala’s Lake Milh hasn’t seen a lot of visitors in the last few years. Once a popular picnic destination for Karbala […]
Baghdad Entrepreneurs get Communal Space and Resources
By Alexander Southworth, Iraq Britain Business Council (IBBC). IBBC Long Read: The Station – Iraq’s the first combined workspace in Iraq, providing tech and artistic entrepreneurs with a communal space and resources to develop and expand business projects. The Iraq Britain Business Council (IBBC) recently completed a mission to Baghdad, where Christophe Michels, Managing Director and […]
New Airline Launched in Iraqi Kurdistan
By John Lee. Fly Erbil, Iraq's only Kurdish airline, successfully completed its first scheduled flight on Monday. The plane set off from Erbil International Airport en route to Stockholm in Sweden. The airline’s administrative director Ahmad Jamal told AFP that Fly Erbil currently has three planes and plans to increase to 10 in the future. […]
Operation Roundup Hits ISIS Remnants in Iraq, Syria
Combined Joint Task Force Operation Inherent Resolve and its partners have increased offensive activity against Islamic State of Iraq and Syria targets in designated parts of Iraq and Syria throughout the months of May and June. Since the May 1 start of Operation Roundup, Syrian Democratic Forces resumed major offensive operations in the Middle Euphrates […]
Multi-Billion Dollars Needed to Keep Water Flowing
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Ibrahim Saleh. Multi-Billion Dollar Budget Needed To Keep Iraq’s Water Flowing In Baghdad, locals have been fretting about dramatic falls in the level of the Tigris river. The government […]
Recycling: Kurdistan Exports Plastic and Cardboard Waste
By John Lee. According to a report from Rudaw, the Kurdistan Region sells thousands of tons of plastic and cardboard waste to Turkish companies who recycle it and sell the products back to Kurdistan. Over the past two years, the KRG had issued 42 licenses to export 431,000 tons of waste plastic and cardboard. Read […]
Video: Angelina Jolie visits Devastated Mosul
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. UNHCR Special Envoy Angelina Jolie visits West Mosul, less than a year after the city’s liberation. The visit marks Jolie’s 61st mission – and her fifth visit to Iraq – with the UN Refugee […]
Syria, Iraq Consider Re-Opening Border
By John Lee. Iraq and Syria are said to be considering the possibility of reopening their border for the first time in several years. Syrian Arab News Agency (SANA) reported that Syria's Deputy Prime Minister Walid al-Moallem sent a letter to his Iraqi counterpart Ibrahim al-Jaafari hoping to increase efforts to reopen the border crossing […]