Stephen Whyte, Chairman of Genel Energy, gave the following update on the business at the Company's Annual General Meeting, held in London on Thursday: Genel had a very successful 2018, with free cash flow generation of $164 million even while making significant investment in growth. 2019 has seen us continue this success. We are delivering […]
By John Lee. General Dynamics Ordnance and Tactical Systems has been awarded a $92,400,000 modification (P00003) to Foreign Military Sales (Iraq) contract W15QKN-18-D0020 for 120mm munition high explosive with tracer tank ammunition cartridges. Work locations and funding will be determined with each order, with an estimated completion date of Oct. 16, 2022. According to Defense […]
DNO ASA, the Norwegian oil and gas operator, has completed the private placement of USD 400 million of new, five-year senior unsecured bonds with a coupon rate of 8.375 percent. The bond placement received strong investor demand across international markets and was oversubscribed. The bond issue is expected to be settled on or about 29 […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th May 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD622 (+4.3%) / $669 (+4.3%) (weekly change) (-5.7% and -5.7% YTD change, respectively). The number of week traded […]
By John Lee. The Iraqi Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Adil Abd Al-Mahdi. The Cabinet discussed and reviewed a number of infrastructure projects, and approved a scheme to develop land close to Baghdad International Airport. (Source: Govt of Iraq)
Five One Labs is pleased to announce IGNITE, our very first entrepreneurship program focusing on achieving product market fit. This program will help you better understand the market you are competing in and how you can create the most value for your customers. We are now recruiting tech-entrepreneurs from communities all around Iraq to participate […]
By John Lee. The United Nations has advertised new positions in Iraq: Senior Project Assistant (Security Governance and Liaison), IOM - International Organization for Migration Shelter & Settlement Focal point, IOM - International Organization for Migration Project Assistant, IOM - International Organization for Migration Senior Project Assistant, IOM - International Organization for Migration Political Affairs […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Reintegration Assistant, IOM - International Organization for Migration Project Assistant, IOM - International Organization for Migration Finance Officer, IOM - International Organization for Migration Information Management Associate (Graphic Designer), UNAMI - United Nations Assistance Mission for Iraq National Professional Officer, WHO - […]
From the U.S. Embassy in Iraq: The U.S. State Department has ordered the departure of non-emergency U.S. Government employees from Iraq, both at the U.S. Embassy in Baghdad and the U.S. Consulate in Erbil. Normal visa services at both posts will be temporarily suspended. The U.S. government has limited ability to provide emergency services to […]
An Iranian official said the exports of natural gas to Iraq are growing steadily and are expected to hit 40 million cubic meters a day in summer. Managing director of the Iranian Gas Engineering and Development Company (IGEDC) Hassan Montazer Torbati told Tasnim that Iran’s gas exports to Iraq are constantly increasing and nearing a […]
TTE Technical Institute has secured a new project with international energy and water company TAQA to provide technical training to Middle East based technicians. A group of 13 technicians from TAQA’s Atrush Block oil production facility in the Kurdistan region of Iraq are spending three months in the UK at TTE’s fully-equipped training centre in […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The National Iranian Oil Company (NIOC) decided May 4 to open an economic representative office in Iraq. The decision was made during a meeting bringing together executives at Iraq’s Oil Ministry and […]
