Gulf Keystone Petroleum (GKP) confirmed today that a gross payment of $15.0 million has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil export sales in August 2016. Gulf Keystone and the KRG's Ministry of Natural Resources ("MNR") continue to work towards agreeing the final form of the May, June, July and […]
Genel Energy plc issues the following trading and operations update in respect of Q3 2016. The information contained herein has not been audited and may be subject to further review. Murat Özgül (pictured), Chief Executive of Genel, said: "Genel has received $163 million in cash proceeds during 2016, underpinning the drilling of successful production wells […]
By John Lee. Oman Air has announce that it will be commencing its four times weekly service from Muscat to Najaf from November. Paul Gregorowitsch, Chief Executive Officer at Oman Air, said: “Following a temporary delay of our service to Najaf as the Operational teams were assessing and scheduling all fleet types for safe deployment […]
The contributions of coalition partners in the fight against the Islamic State of Iraq and the Levant are invaluable, Defense Secretary Ash Carter said today at the opening of the counter-ISIL small group defense ministerial at Hexagone Balard, the new French defense ministry building in Paris. The secretary, in prepared remarks, said the coalition defense […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Monday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter and remotely […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey's foreign minister has said its troops have killed 17 ISIL fighters with artillery and mortars since the operation in Mosul began. However, Ankara is locked in a dispute with Baghdad over the […]
US-based technology and engineering company Emerson has officially opened its expanded facility in Al Majal Business Park in North Rumaila. The company moved from its existing facility in Albradheya, Basrah to the new facility to increase its capabilities and address the needs of its continuously expanding installed base. The Al Majal facility will serve as […]
By John Lee. Sweden's JLT Mobile Computers has announced that it has successfully delivered a total of 50 JLT VERSO 12 mobile computers to the Basra Gateway Terminal (BGT). BGT, a container and multi-purpose cargo handling facility at the port of Umm Qasr, is operated by Philippines-based International Container Terminal Services Inc. (ICTSI); it opened […]
By Padraig O'Hannelly. The Iraq Britain Business Council (IBBC) has had to cancel its Autumn Conference, originally scheduled for 6th November in Dubai, due to circumstances beyond its control. A spokesperson told Iraq Business News that planning is now underway for an alternative conference to be held in Baghdad in December, with details to be […]
By Padraig O'Hannelly. A new LinkedIn group has been created to help promote new businesses in Iraq. The Iraqi Crowdsourcing Group is dedicated to Iraqi entrepreneurship, projects, business ideas, solutions to problems Iraqi startups face, and innovation to ensure that successful and efficient new businesses are created. It has been set up by Aziz Al […]
As of Sunday, Iraqi forces have taken an estimated 800 square kilometers from the Islamic State of Iraq and the Levant in the battle for the city that began Oct. 17, U.S. officials told reporters today at a Pentagon briefing. Speaking on background, they said the battle to retake Mosul from ISIL has seen good […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Sunday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter […]
