Currency Auction Results, 18th May
By John Lee. The Central Bank of Iraq (CBI) has reported that 37 banks and 11 remittance companies took part in its currency auction on Thursday. A total of $159,547,157 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Atrush Production expected this Summer
By John Lee. Oil production at the Atrush block is expected to start "around late June to August", according to a report from Rudaw. The pipeline (pictured) from the oilfield, in Kurdistan's Duhok governorate, is reported to be nearing completion, with initial production expected to be about 30,000 bpd. The website of the Abu Dhabi National […]
NIC announces Investment Opportunity in Basra
By John Lee. Iraq's National Investment Commission (NIC) in coordination with the Political Prisoners Firm has announced the investment opportunity of operating Al-Khalidoon Medical Center in Basra province. Interested investors are invited to visit the Political Prisoners Firm HQ (Contracts Section) in Al-Jadiriha near the Double Decker Bridge in order to obtain the details profile […]
Optima to provide Training for UNOPS in Baghdad
By John Lee. UK-based Optima Defence & Security Group Limited has won tender to provide Improvised Explosive Device Defeat (IEDD) Management Training in Iraq to the United Nations Office for Project Services (UNOPS) in Baghdad. The contract is valued at $203,618. (Source: UNGM)
Agreen Group wins Contract at Baharka Camp
By John Lee. Agreen Group has won a tender to provide Prefabricated Shelter Units in Baharka 2 Camp – Zone A and B – Erbil Governorate. The contract, whose value has not been revealed, was awarded by the United Nations Office for Project Services (UNOPS). Agreen Group was founded in Erbil in 2005. (Source: UNGM)
Currency Auction Results, 17th May
By John Lee. The Central Bank of Iraq (CBI) has reported that 36 banks and 11 remittance companies took part in its currency auction on Wednesday. A total of $159,812,043 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Egypt Receives first Oil Shipment from Iraq
By John Lee. Egypt has reportedly received two million barrels of oil from Iraq today. The shipment was the first consignment from a deal reached between the countries in April, under which Iraq will supply 12 million barrels of oil annually to Egypt. (Source: Prensa Latina) (Pictured: Egyptian Petroleum Minister, Tareq al-Mulla)
Pell Frischmann completes Design of $700m Iraq Water System
By John Lee. UK-based engineering firm Pell Frischmann has reportedly completed the design of a $700-million water infrastructure rehabilitation project in Iraq. According to a report from TradeArabia, the Water Supply Sector Loan Project involves refurbishing aging facilities and building new infrastructure to support the public health of residents in the Ninewa, Anbar and Salah […]
Counter-ISIS Strikes Continue in Syria, Iraq
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 28 strikes consisting of 91 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition […]
Currency Auction Results, 16th May
By John Lee. The Central Bank of Iraq (CBI) has reported that 38 banks and 11 remittance companies took part in its currency auction on Tuesday. A total of $ 169,606,710 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Crest Energy takes WesternZagros Private
By John Lee. WesternZagros Resources has announced that it has entered into a definitive agreement with Crest Energy International LLC and its wholly owned affiliate WZG Acquisition Ltd. ("Crest AcquireCo") to take the company private. Crest is an affiliate of Crest Investment Company, a Houston, Texas-based principal investment company. Under the deal, Crest AcquireCo will […]
PM receives Executive Chairman of Iraq Britain Business Council
By John Lee. Prime Minister Haider Al-Abadi received the Executive Chairman of the Iraq Britain Business Council (IBBC), Baroness Emma Nicholson, at his office on Sunday. During the meeting, they discussed strengthening relations between Iraq and Britain, and increasing cooperation in all fields, especially economic, ensuring that the doors of investment are open to international […]