By John Lee. Gulf Keystone Petroleum (GKP) has provided an operational update and announced the launch of a share buyback programme of the Company's Common Shares for up to a maximum aggregate consideration of $10 million. Full statement fron GKP: Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, today […]
By John Lee. Prime Minister Mohammed Shia al-Sudani announced the launch of new service projects in Babil province worth 1.276 trillion dinars [$975 million] during his visit on Thursday. The projects include: Comprehensive sewer, sanitation, and stormwater projects in the districts of Qassim, Hashimiyah, and Medhatiah, with a total budget of 364.5 billion dinars. A […]
By John Lee. The Trade Bank of Iraq (TBI) is joining My Account, the Kurdistan Region's "salary domiciliation program." A statement from the KRG said: "Following the instructions of Prime Minister Masrour Barzani, representatives from the Kurdistan Regional Government and My Account program held several meetings this week with representatives of the Trade Bank of […]
By John Lee. Prime Minister Mohammed Shia al-Sudani opened the new Etihad Food Industries flour mill in the city of Medhatiah [Madhatiya], in Babil Governorate, on Thursday. The project, a private sector initiative, aims to produce up to one million tons per year of high-quality zero-grade flour. The prime minister also opened new production lines […]
By John Lee. Al-Amar Al-Hadeth for General Constructional Contracting has won a series of contracts with the United Nations Office for Project Services (UNOPS), for the rehabilitation of war damaged shelters in Fallujah: Rehabilitation of 92 war damaged shelters in Al Chaffa. Contract value $695,001; Rehabilitation of 100 war damaged shelters in Albo Hawa & […]
By John Lee. Prime Minister Mohammed Shia al-Sudani announced the start of the second phase of the Hilla Sewer Project, with a budget of $287 million, during a visit to the Babil province on Thursday. While on a field tour, the prime minister reviewed the progress of the first phase and emphasized the importance of […]
By John Lee. Iraqi Minister of Transport, Razzaq Mohibis Al-Saadawi, met with a Turkish delegation at the Ministry of Transport on Thursday to discuss the latest updates on the Development Road project. According to a ministry statement, the minister welcomed the Turkish delegation, led by Burak Ikan, Director General of International Relations at the Turkish […]
By John Lee. Aswar Al-Hadhaba General Trading, Contracting and Transportation has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for, "Rehabilitation and Extension of Existing Irrigation Channels." The contract is valued at $800,000. Potential end date is Friday, July 5, 2024. (Source: UNGM)
By John Lee. Iraq's Integrity Commission called for streamlining unnecessary procedures when visiting property registration offices. A survey measuring bribery perceptions revealed that 63% of reviewers stated that the desire for quick transaction processing was the primary reason for paying bribes. The Commission recommended strengthening the monitoring role of the Ministry of Justice's regulatory bodies […]
By John Lee. Genel Energy issued the following trading and operations update relating to Q1 2024 on Thursday, ahead of the Company's Annual General Meeting: Paul Weir (pictured), Chief Executive of Genel, said: "We have achieved balanced income and expenditure in the first quarter of the year, which is ahead of schedule. Local sales from […]
By John Lee. Lockheed Martin Corp., Rotary and Mission Systems, Manassas, Virginia, was awarded a cost-plus-fixed-fee contract in the amount of $15,586,916 for Iraq integrated air defense system contractor logistics support. This contract provides for follow on contractor logistics support to include subject matter expert support, engineering support, return and repair, and in country on-site […]
By John Lee. Reband Company For General Contracting has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for, "Car Parking and Transport Workshop Facilities Improvement Project at UNAMI Compound." The contract is valued at $166,956. Potential end date is Thursday, August 1, 2024. (Source: UNGM)
