The Government of Canada has contributed an additional US $2.2 million to UNDP’s Funding Facility for Immediate Stabilization (FFIS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL). This brings Canada’s total contribution to US$ 6.3 million to date. Based on priorities identified by the Government of […]
Residents of eastern Mosul, Iraq, which were liberated Jan. 24 from the Islamic State of Iraq and Syria’s brutal control, are slowly returning to their normal lives, the Combined Joint Task Force Operation Inherent Resolve spokesman said today. “About 258,000 children are now free to return to more than 320 schools, reopened by the Iraqi […]
By John Lee. Genel Energy has decided to repurchase a nominal amount of USD 252.8 million of Bonds in connection with its recent Buy-Back Offer. The Bonds will be repurchased at the price offered by each bondholder up to and including 89.90% of par value. The Bonds are being repurchased at a weighted average price […]
Trump Orders Missile Attack in Retaliation for Syrian Chemical Strikes The United States fired Tomahawk missiles into Syria today in retaliation for the regime of Bashar Assad using nerve agents to attack his own people. President Donald J. Trump ordered the attack on Al-Shayrat Air Base, the base from which the chemical attack on Syria’s […]
By John Lee. The United Nations has advertised new positions in Iraq: Country Director, International Medical Corps Interpreter, Arabic, United Nations Assistance Mission for Iraq (UNAMI) Programme Analyst, RH, United Nations Assistance Mission for Iraq (UNAMI) Logistics Assistant, United Nations Assistance Mission for Iraq (UNAMI) Camp Officer, Ninewa, Agency for Technical Cooperation and Development (ACTED) […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Roving Sub-National Cluster Coordinator, Agency for Technical Cooperation and Development (ACTED) WASH Technical & Consortium Coordinator, Agency for Technical Cooperation and Development (ACTED) Finance Intern, Agency for Technical Cooperation and Development (ACTED) Programme Support Officer (PDSU), International Organization for Migration (IOM) Roving […]
By Mustafa Saadoun for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. Controversy ensued when the flag of the Kurdistan Regional Government (KRG) was raised in Kirkuk on March 28. The local government in the province insisted on having the Kurdish […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for March of 101,031,675 barrels, giving an average for the month of 3.259 million barrels per day (bpd), slightly less than the 3.271 bpd exported in February. Exports from the southern terminals totalled 99,504,916 barrels, with 1,526,759 barrels exported from Kirkuk. Revenues for the […]
By John Lee. The National Investment Commission (NIC) has announced an investment opportunity to rehabilitate, modernise and develop the Cultural Industrial Center, which is managed by the Ministry of Industry and Minerals . The Center administration is inviting Iraqi, Arab and foreign specialized companies to participate through visiting the center situated in Baghdad/ Baladiyat/ al- […]
Gulf Keystone Petroleum (GKP) has announced its results for the year ended 31 December 2016, which show reduced losses for the period: Highlights to 31 December 2016 and post reporting period Operational: Gulf Keystone's operations in the Kurdistan Region remained safe and secure throughout 2016. Plant uptime (at PF-1 and PF-2) of over 98%, once […]
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi] has met with the president of PetroChina in the Middle East, Mr. Shu Jian Fing, and his entourage. They discussed the development of the oil industry in Iraq, and plans to raise and investment and production of gas at the Halfaya field in Maysan province. (Source: […]
By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi] has officially launched the new Dhi Qar Oil Company (DQOC) [Thi-Qar Oil Company]. At a ceremony in Nasiriya, the Minister said he is working to develop the Nasiriya oil field and the other exploratory blocks and fields in the region, and called on international companies […]
