By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan's prospects of stability might be affected by the renewed resolve by Turkey's Justice and Development Party (AKP) to fight the Kurdistan Workers Party (PKK), even after its spectacular […]
By John Lee. Iraq is planning to produce up to 6 million barrels of oil per day by 2020, Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] (pictured) has said. Speaking to a Shana correspondent he said that the country’s current oil production stands at 4.3 million barrels per day. He also announced that Iraq […]
Wood Group has won a new contract worth approximately $90 million to deliver services to one of the world’s leading blue-chip international oil companies (IOC) in Iraq. Wood Group PSN (WGPSN) will provide project management for an onshore facility under the three year contract, which is effective immediately. Concept and FEED work for future projects […]
The U.S. Embassy in Baghdad has announced that the application period for the 2016 Middle East Partnership Initiative (MEPI) Student Leaders Program is open. Applications will be accepted until the deadline of December 21, 2015. Funded by the U.S. Department of State, the MEPI Student Leaders Program supports the goals of the U.S.-Iraq Strategic Framework […]
The Office of the United Nations High Commissioner for Human Rights in Iraq (OHCHR) and the Human Rights Office of the United Nations Assistance Mission for Iraq (UNAMI) are concerned about the potential effect of the proposed National Identity Law, particularly Article 26, on minority ethnic and religious communities of Iraq. Article 26 stipulates that […]
16 Days of Activism to eliminate gender-based violence launched Iraq joined the United Nations and the rest of the world today to mark the start of the world campaign for 16 Days to Eliminate Gender-Based Violence. The campaign continues until 10 December when the world celebrates Human Rights Day. The 16 days against gender-based violence […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Bomber and remotely […]
Shafaaq News reports that the Central Bank of Iraq (CBI) has announced its intention to privatize the two largest banks in the country. It quotes CBI Governor Ali al-Alaq as saying: "The bank's management is moving to privatize al-Rafidain and al-Rasheed Banks or participate with the private sector ... the move is being coordinated with […]
By John Lee. The Chairman of Genel Energy has said that the KRG will begin exporting natural gas to Turkey within two or three years. Tony Hayward (pictured) told the Atlantic Council conference in Istanbul that 20 billion cubic metres will hit the Turkish market by 2020, with KRG Natural Resources Minister Ashti Hawrami saying […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi government faces a huge budget deficit and is having difficulty running the country’s economic activities because of plummeting oil prices, the heavy burden of the war against the Islamic State and rampant […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The UN is warning that Iraq's ancient heritage could be lost forever. Thousands of artefacts have been looted and destroyed by the Islamic State of Iraq and the Levant (ISIL) group. Many were […]
Forces fighting the Islamic State of Iraq and the Levant continue to make progress in Iraq and Syria, the Operation Inherent Resolve spokesman said today. "We're starting to see changes in the way ISIL operates every day on the ground here. That doesn’t mean this is over. We're a long way from over," Army Col. […]
