By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Logistics Assistant, United Nations Assistance Mission for Iraq (UNAMI) Senior Resettlement Assistant, United Nations Assistance Mission for Iraq (UNAMI) Protection Officer, United Nations Assistance Mission for Iraq (UNAMI) Programme Assistant (Child Protection), United Nations Children's Fund (UNICEF) Medical Coordinator, Médecins du Monde […]
UK Export Finance (UKEF) has announced that it is supporting the Enka UK and General Electric (GE) consortium with US$117 million in financing to deliver two critical power projects in Iraq. Rt Hon. Greg Hands MP (pictured), UK Minister for International Trade, welcomed the news, saying: "The Department for International Trade through UK Export Finance […]
Oman Telecommunications (Omantel) has announced that it will purchase 425.7 million of Zain's treasury shares in a cash transaction at an offer price of KWD 0.60 per share – subject to regulatory approval. Once complete, Omantel will own a minority stake in Zain Group of approximately 9.84% in outstanding common shares. The total consideration of […]
By John Lee. The Islamic State group (IS, ISIS, ISIL, Daesh) has reportedly plundered more than $800 million from Iraqi bank facilities and reserves. According to a new report from the Central Bank of Iraq (CBI), the group has taken $101 million and 856.5 billion Iraqi dinars ($727.6 million) from banks in the territory it […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 18 strikes consisting of 29 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 […]
DNO ASA, the Norwegian oil and gas operator, has reported receipt of USD 39.59 million from the Kurdistan Regional Government as payment towards May 2017 crude oil deliveries to the export market from the Tawke license. The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 33.21 million towards monthly […]
U.S. Embassy Baghdad is aware of reports of threats to target U.S. government officials and other civilians for kidnapping. In response, the U.S. Embassy has temporarily restricted movement of its employees outside of the international zone in Baghdad, as well as outside of U.S. Consulate Basrah. As a reminder, U.S. citizens should maintain a heightened […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 31 strikes consisting of 41 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 […]
A delegation representing Talal Abu-Ghazaleh Organization (TAG-Org) agreed with the Governor of the Central Bank of Iraq (CBI), Mr. Ali Mohsin Ismail Al-Alaq, means of cooperation between the two parties. The delegation headed by Mr. Ahmad Obeidat, Executive Director of the Baghdad Office, presented the various services provided by TAG-Org, particularly in the fields of […]
By John Lee. Iraq reportedly bought 50,000 tonnes wheat from Australia on Sunday at $312.50 a tonne c&f free out. The tender, which closed on 31st July, was open to wheat from the United States, Canada or Australia. According to Reuters' sources. wheat from the United States was offered lowest at $299.19 a tonne c&f […]
This past week the International Organization for Migration (IOM), the UN Migration Agency, sent emergency teams from its Erbil, Iraq, mission to provide front-line non-food item (NFI) assistance to an informal settlement of internally displaced persons (IDPs). The settlers are principally nomadic herders fleeing ISIL’s last remaining major stronghold in Iraq: Tal Afar. Following the fall […]
By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran and the Kurdistan Regional Government (KRG) have become entangled in a war of words as the referendum on Iraqi Kurdistan’s independence nears. Both sides are now making veiled threats, which — if they […]
