U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Wednesday, conducting 43 strikes consisting of 45 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
By John Lee. Janus Global Operations (JGO) has announced that it has been selected by "an integrated oil and gas multinational corporation based in Malaysia", to provide security and risk management services for the company’s operations in central Iraq. Some 600 JGO U.S. and foreign national employees will be responsible, during the two-year contract, for […]
By John Lee. Oil giant Shell is trying to sell its stake in the Majnoon oilfield (pictured) in southern Iraq, following a failure to reach agreement with Iraq's Ministry of Oil. A Shell spokesman told UAE-based newspaper The National: “Following extensive discussions with the Ministry of Oil, the oil minister of Iraq formally endorsed a […]
By John Lee. Genel Energy has announced that the Taq Taq field partners have received a gross payment of $10.22 million from the Kurdistan Regional Government for oil sales during June 2017. Genel's net share of the payment is $5.62 million. Gross oil sales from the Taq Taq field (pictured) in June 2017 averaged 15,863 […]
By John Lee. The Ministry of Higher Education and Scientific Research, in cooperation with the National Investment Commission (NIC), has announced an opportunity to invest in a Student Sports Club project in Baghdad / Al-Sulaikh. More information here. (Sources: National Investment Commission, Ministry of Higher Education and Scientific Research)
By John Lee. The Central Bank of Iraq (CBI) has held symposium entitled "Analysis of the phenomenon of Hoarding in Iraq", addressing the problem of people hoarding Iraqi dinars (IQD), and not making them available to the banking system. During the seminar, the Governor of the Central Bank, Dr. Ali Mohsen Ismail (pictured), pointed out […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces backed by tribal fighters are manoeuvring into position in the western desert bordering Syria to launch an offensive against one of the last bastions of the Islamic State group.
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Tuesday, conducting 65 strikes consisting of 76 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
By John Lee. ADES International Holding, a London-listed company providing oil and gas drilling and production services, has said that it is "scaling existing operations and penetrating new markets through participation in a substantial pipeline of active tenders across the Middle East, in existing geographies as well as the UAE and onshore Iraq." In its […]
Iraq, and in particular northern Iraq, is rich in agricultural resources. Recent years, however, have seen an over-reliance on the oil sector to drive growth. In 2014, deteriorating security and conflict in Iraq, coupled with a dramatic fall in global oil prices, caused a severe economic recession in the country. The Government of Iraq and […]
By Hal Miran, Editor-in-Chief, Bite.Tech. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. How Iraqi Entrepreneurs can Raise Startup Money Without a Loan Raising money for your business is always a challenge. Every startup must prepare and plan in detail how they intend to raise […]
By Ashley Goodall. Is the UK overlooking a key USP for British International businesses? Education and training footprint of British companies around the world has a significant and excellent impact on communities and economies and is often taken for granted. As the UK ramps up its trade rhetoric and a ‘Global Britain’ emerges, one of […]
