Tag Archives | United Kingdom

GKP Shares Up 10% on Half Year Results

By John Lee. Shares in Gulf Keystone Petroleum (LSE: GKP) are trading up around 10 percent this morning (Tuesday, 25th August) after the company published its 2026 half-year results. Full statement from GKP: 2026 Half Year Results Announcement Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, today announces its results […]

Iraq Considers Deleting Zeros from Dinar; Officials Revive Currency Overhaul

By Sinan Mahmoud, for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq Considers Deleting Zeros from Dinar as Officials Revive Currency Overhaul Iraq is again considering a long-standing and controversial plan to delete zeros from the dinar as the country […]

Iraqi Bank Reforms Could Open up Sector for Regional Investors

By Matt Smith, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Bank Reforms Could Open up Sector for Regional Investors Last month the Central Bank of Iraq said that seven previously restricted banks had been given […]

DNO Makes Possible $271m Offer for Genel Energy

By John Lee. A possible cash offer for Genel Energy plc has been put forward by Norwegian oil and gas operator DNO ASA, valuing the company at approximately £202 million [approx $271 million]. The approach was rejected by the Genel Board on 4 August 2026, but DNO says it remains willing to engage. Under the […]

TPAO Acquires 15% Stake in Kirkuk Field from BP

By John Lee. Türkiye Petrolleri Anonim Ortaklığı (TPAO) is to acquire a 15% interest in BP Energy Company of Kirkuk Limited (BP ECKL), the vehicle through which BP is supporting the redevelopment of major oil and gas fields in the Kirkuk region of northern Iraq. According to BP, the agreement builds on a strategic cooperation […]

ConocoPhillips to Acquire 42% Stake in Kirkuk from BP

By John Lee. ConocoPhillips has agreed to acquire a 42% interest in BP Energy Company of Kirkuk Limited (BP ECKL) from BP, supporting the redevelopment of four producing oil fields in the Kirkuk area of northern Iraq. The agreement is expected to be signed during Prime Minister Ali al-Zaidi's official visit to Washington, D.C. BP […]

Iraq-UK Cooperation on Marine Surveys and Charts

By John Lee. Iraq and the United Kingdom have held talks aimed at finalising a cooperation agreement on hydrographic surveys and nautical chart production. The discussions focused on enhancing technical cooperation in surveying and the production of navigational charts for Iraqi territorial waters and the shipping channels leading to Iraqi ports, as well as supporting […]

IBBC Highlights Growing UK-Iraq Educational Collaboration

From the Iraq Britain Business Council (IBBC): IBBC Education Session Highlights Growing UK-Iraq Educational Collaboration The Iraq Britain Business Council (IBBC) held an online Education Session on 22 June, bringing together representatives from Iraqi and British educational institutions to discuss developments in Iraq's education sector, the impact of recent regional events, and opportunities for future […]

Adam Smith International consults on Iraqi Efficiency Program

By John Lee. The Ministry of Finance has held a meeting with representatives of Adam Smith International to discuss support for the transition towards programme and performance-based budgeting. The meeting examined cooperation mechanisms for training Iraqi financial staff and developing technical capabilities to support the gradual move from line-item budgeting to budgeting linked to government […]

Vodafone in Talks with Iraq over National Mobile Licence

By John Lee. Iraq's Ministry of Communications has held talks with representatives of UK's Vodafone, along with a delegation from the British Embassy, regarding a national mobile telephone licence. According to a Ministry of Communications statement, Minister Mustafa Jabbar Sanad confirmed that the Ministry would press ahead with efforts to improve mobile telephone services in […]

GKP Shares Rise following Operational Update

By John Lee. Shares in Gulf Keystone Petroleum (LSE: GKP) closed up more than 2 percent on Friday after the company published an operational and corporate update. Full statement from GKP: 2026 AGM Operational & Corporate Update Ahead of today's 2026 Annual General Meeting ("AGM"), Gulf Keystone, a leading independent operator and producer in the Kurdistan […]

Can Iraq's New PM Finally Rein in its Armed Factions?

By Dr Renad Mansour, Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Can Iraq's New Prime Minister Finally Rein in its Armed Factions? The Iran war has seemingly created a potential opportunity to integrate armed groups into the state. But significant hurdles […]