The United Nations Mine Action Service (UNMAS) has welcomed a contribution of AUD 11 million (USD 8.6 million) from the Government of Australia dedicated to explosive hazard management in support of humanitarian and stabilization efforts. Approximately 2.1 million civilians are still displaced due to the recent conflict and unsafe conditions to allow their return. A […]
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
By John Lee. The alliance headed by former Shia militia chief Moqtada al-Sadr has won the parliamentary election. But according to BBC News, Sadr cannot become prime minister as he did not stand as a candidate. He is, however, expected to play a key role in forming the new government. Sadr is strongly opposed to […]
DNO ASA, the Norwegian oil and gas operator, has completed the private placement of USD 400 million of new, five-year senior unsecured bonds to be issued at 100 percent of par with a coupon rate of 8.75 percent. The bond placement received strong investor demand across international markets and was oversubscribed. The bond issue is […]
By John Lee. Medserv, the Malta-based oil and gas logistics support and services group, has said that its Iraqi business remained weak through Q1 2018. But in its Interim Report, the company said the forward order position in Iraq is much healthier for the second quarter of 2018 and those levels are expected to be […]
Translations of Assyrian writings found by archaeologists from the University of Tübingen have yielded a secret lost to history: The place where the clay tablets were found - Bassetki, in Autonomous Region of Kurdistan in Iraq - appears to be the ancient royal city of Mardaman. This important northern Mesopotamian city is cited in ancient […]
By John Lee. Newtechnic, which describes itself as a world leader in building engineering technology, has reportedly won the contract to design the facade and oversee the co-ordination and construction of the new Central Bank of Iraq (CBI) building in Baghdad. According to New Civil Engineer, the building, designed by Zaha Hadid Architects (ZHA), will […]
To strengthen women’s participation in national environment protection, disaster preparedness and risk response to climate action, an electronic platform was launched on “Women for Safe and Green Iraq” (WfSGI). This is an initiative of the Ministry of Health and Environment, supported by the United Nations Development Programme (UNDP). The aim of WfGSI is to provide […]
By John Lee. Shares in Genel Energy were trading up 8 percent on Thursday morning after the company announced a big jump in cash reserves and positive developments at Peshkabir: Stephen Whyte (pictured), Chairman of GenelEnergy plc gave the following update at the company's Annual General Meeting this morning: "After a landmark 2017, Genel is […]
By John Lee. The Ministry of Oil has said that investors interested in th3e 70,000-bpd Diwaniya refinery project have until the end of July to submit documents. The full statement from the Ministry is shown below: The ministry of oil would like to Re-announce for the investment refinery in Diwaniya governorate with a capacity of […]
DNO ASA, the Norwegian oil and gas company with operations in Iraqi Kurdistan, is contemplating the issuance of a new, five-year senior unsecured bond with a minimum size of USD 400 million through a private placement. The coupon rate and the issue size will be determined during the accelerated book building commencing today. The net […]
By Padraig O'Hannelly. Hussein Al-Alak (pictured below) will run the Manchester 10k on Sunday on behalf of the AMAR International Charitable Foundation. He commented: “It’s the only charity in the United Kingdom that supports health, education and, more importantly, mental health programmes, in Iraq … “You’ve got a lot of amazing causes [in the race] and […]
