UNDP to Implement E-Tendering system in Iraq
The UN Development Programme (UNDP)’s Iraq Country Office has announced that, starting 1st May 2017, all procurement processes will be conducted using an online E-Tendering system (Electronic Tendering Platform). The initiative of E-Tendering will allow UNDP to further improve transparency and efficiency in the procurement process and will help to reduce the time needed to […]
LUKOIL completes 3D Seismic Survey at West Qurna-2
Russia's LUKOIL has reported that it has completed a field 3D seismic survey at West Qurna-2 field. The survey covered an area of about 450 square kilometers. The Company has fulfilled all of its contractual obligations to the Ministry of Oil of Iraq. The high-quality seismic data obtained are required for the updating of the […]
Back to the Future: The Restoration of Iraq, and British Expertise
By Ashley Goodall. Back to the future. The restoration of Iraq and British expertise. Iraq has been in the news for a generation and our perceptions have been coloured by conflict and the near destruction of the Middle East’s most wealthy and civilised country. In the 1970’s Iraq was not only a secular and relatively […]
Mosul "now a Hostage Crisis” - AMAR Foundation
By Katie Welsford. As the battle for Mosul rages, the lives of hundreds and thousands of its residents are at risk. The AMAR International Charitable Foundation’s Mosul Response Team are on the ground outside the city, providing aid and assistance to those who have managed to escape the fighting. Your help is urgently needed to […]
UK Minister Renews Commitment to Iraq
The UK's Minister for the Middle East, Tobias Ellwood, met with political leaders in Baghdad and Erbil to reaffirm the UK’s commitment to defeating Daesh and support efforts to bring unity to Iraq. In Baghdad, Minister Ellwood met with Prime Minister Haider Al-Abadi, Foreign Minister Ibrahim Al-Jaafari, and Speaker of Parliament Salim Al-Jibouri, to emphasise […]
Military Strikes Continue Against ISIS Terrorists
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria, conducting 12 strikes consisting of 58 engagements against ISIS targets on Tuesday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes […]
Counter-IS Forces Make Gains in Raqqa, Mosul
U.S., coalition and partner forces are edging toward victory in the campaign to defeat Islamic State of Iraq and Syria terrorists in and around Raqqa, Syria, and Mosul, Iraq, the Combined Joint Task Force Operation Inherent Resolve spokesman told Pentagon reporters. Air Force Col. John Dorrian, speaking by teleconference from Baghdad, provided an update on […]
Currency Auction Results, 13th Apr
By John Lee. The Central Bank of Iraq (CBI) has reported that 34 banks and 11 remittance companies took part in its currency auction on Thursday. A total of $163,458,344 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Baghdad Power Plant Starts Operations
By John Lee. GE and Mass Group Holding (MGH) have successfully commenced simple cycle commercial operations of four advanced GE 9F gas turbines under phase I of the Ministry of Electricity’s (MOE) Baghdad Power Plant in Besmaya [Bismaya]. Located about 40 kilometers from Baghdad, the facility is the first one in the country outside the […]
Hospital Investment Opportunity in Baghdad
The Ministry of Health (MOH) and the National Investment Commission (NIC) have announced an investment opportunity in Ibn Sina (Avicenna) hospital (rehabilitation, operation and management) in accordance with the investment law no. (13) for the year 2006, as amended. Willing investors, companies or organizations are to present their (Commercial and Technical) offers to the Contracts […]
Interview with Zaid Elyaseri, Iraq Country Manager, BP Iraq
The CWC Group’s Director, Nawar Abdulhadi interviews Mr Zaid Elyaseri, Iraq Country Manager, BP Iraq ahead of the 11th edition of the Iraq Petroleum Conference in May. Mr Elyaseri shares with us his experience working in the Rumaila oilfield, how BP is optimising and innovating in the current market and his outlook for the future […]
Video: IS group now Controls less than 7% of Iraq
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Islamic State group (IS, ISIS, ISIL, Daesh) now controls less than seven percent of Iraq, down from the 40 percent it held nearly three years ago, a military spokesman says: