By John Lee. The Central Bank of Iraq (CBI) has reportedly announced an increase in its capital. State-owned Iraqi News Agency (INA) said that the capital will be increased from 3 trillion dinars (approximately $2 billion) to 5 trillion dinars. It quotes the media office of CBI as saying that the increase was made using […]
By John Lee. Iraq's Ministry of Finance has allocated one billion dinars (£700k) to Anbar Governorate to complete procedures relating to the Arar (Ar Ar) border crossing. The border post with Saudi Arabia was re-opened in late 2020 following a 30-year closure. Improving trade links between the two countries has been a priority for both […]
Canada reaffirms its commitment to Iraq's stabilization with new CAD 10 million support The Government of Canada has pledged an additional CAD 10 million (approximately US$ 7.8 million) to support the United Nations Development Programme (UNDP) in Iraq as it works to accelerate stabilization efforts and boost sustainable livelihoods across western Anbar and Ninewa. Canada's […]
The Iraq Britain Business Council (IBBC) hosted over 50 Iraqi SME's from all areas of Iraq at the Institution of Civil Engineers for lunch on 16th May. Over 100 SME invitees are in the UK to visit the Intelligent Buildings exhibition at London's Excel. The SMEs come from various sectors, including automotive dealerships, to oil […]
By John Lee. Genel Energy has announced that Luke Clements (pictured) has been appointed Chief Financial Officer (CFO) with immediate effect. Luke, who was previously Interim Chief Financial Officer, has been responsible for a broad range of financial, commercial, and treasury related activities at the Company. Having joined the Company in 2011 to advise on […]
Advertising Feature As every Oil & Gas executive knows, your people are your most valuable asset. Being a success means employing the best staff, and the best staff will always go where they are valued and looked after. That just one reason why AirSada's medevac services are essential to your operations in Iraq. Working in […]
By John Lee The UN Committee against Torture (CAT) has published findings on Cuba, Iceland, Iraq, Kenya, Montenegro and Uruguay, the six State parties it reviewed during its latest session. With regard to Iraq, the CAT said: "The Committee was concerned about continued reports of torture or ill-treatment in detention facilities. It observed that the […]
Hear Iraq's principal ministers and financiers share their vision and policies for Energy, Finance and Educational sectors at IBBC's Mansion House conference on 24th May. Iraq is on the cusp of forming a new Government and is benefitting from high oil revenues and stability. The IBBC Spring conference is ideally timed for a potential new […]
By John Lee. Iraq and Jordan are to appoint a consultant to draw up terms of reference and other documentation for the new "economic city project" to be established along their joint border. Following a meeting of the Iraqi-Jordanian Company for Industry in Amman on Wednesday, which was attended by the Jordanian Minister of Industry, […]
By John Lee. New York-based law firm Cleary Gottlieb Steen & Hamilton LLP has won the Infrastructure and Energy Projects Team of the Year award at Law.com International's Middle East Legal Awards 2022. According to a press release from the firm, it "was recognized for advising on Iraq's gas growth integrated project, one of the […]
By John Lee. OPEC has reportedly agreed to increase Iraq's oil production to 4.5 million barrels per day (bpd) in June. The state-controlled Iraqi News Agency (INA) quotes Iraq's representative to OPEC, Muhammad Saadoun, as saying that oil production will then increase by 50,000 bpd each month from July to September. He also predicted an […]
By John Lee. Dubai-based air and travel services provider dnata has announced significant expansion of its operations in Erbil. The company opened a new, advanced cool chain facility and a bus maintenance facility for its state-of-the-art bussing fleets at Erbil International Airport (EBL), which together represent a total investment of US$ 3.5 million. dnata has […]
