By John Lee. Shares in Gulf Keystone Petroleum (LSE: GKP) closed down more than 7 percent on Thursday after the company provided an operational and corporate update. The sell-off was primarily driven by the following factors: Lower Production Guidance: GKP expects average gross production to drop to between 37,000 and 41,000 barrels of oil per day […]
By John Lee. Jetcraft Commercial has delivered two Bombardier CRJ-1000 regional jets to the newly-launched Basra Airlines. The CRJ-1000 fleet is expected to initially serve domestic routes from Baghdad, complemented by regional services to strategic destinations including Dubai, Beirut, and Amman. Basra Airlines, which received its Air Operator Certificate (AOC) in December, is preparing to […]
By John Lee. UK-based Clarivate Plc has signed a multi-year agreement with Iraq's Ministry of Higher Education and Scientific Research to support the country's national research and innovation objectives. Under the agreement, Clarivate will provide strategic guidance, data and analytics, and skills development aimed at aligning institutional research outputs with national priorities and strengthening long-term research […]
By John Lee. Rudaw has quoted the Director General of Iraq's State Oil Marketing Organisation (SOMO), Ali Nizar al-Shatri [Shatari], as saying that the Ministry of Oil has signed a contract with British consulting firm Wood Mackenzie to calculate the actual production costs at oil fields in the Kurdistan Region. Iraq Business News has approached […]
By John Lee. UK-based Development Analytics Ltd has won a contract with the International Labour Organization (ILO) for: "Evidence-based Inclusive policy development for improved labour market performance and integration of marginalized groups in Northern Iraq" - reference rfx_2312_ROAS. The contract value was not disclosed. The objective of this assignment is to support the Kurdistan Regional […]
From the Iraq Britain Business Council (IBBC): The Iraqi Ministry of Agriculture, acting under Cabinet Resolution No. 209 of 2025, has signed a cooperation agreement with the UK-based company Date Palm Developments (D.P.D. Limited). The agreement was concluded by the Ministry's Horticulture Department. The signing took place at the Iraqi Embassy in London and coincided […]
By John Lee. London-based cafe chain EL&N has opened its first venue in Iraq. Located at the Erbil Avenue development, the new store is open for brunch, lunch and dinner. (Source: EL&N)
Launch Your Career in Logistics Professional International Certification Now Open in Iraq Are you ready to take the next step in your logistics and supply chain career? For the first time, Iraq's aspiring logistics professionals can access world-class training without leaving the country. The University of Sulaimani, in partnership with the globally recognized Chartered Institute […]
By John Lee. Shares in Gulf Keystone Petroleum (LSE: GKP) closed down 2.7 percent on Wednesday after the company provided an operational and corporate update. It said it received its first payment in November at around $30/barrel (below international prices under interim agreements), has returned $50 million to shareholders in 2025, and is on track to […]
The Iraq Britain Business Council (IBBC) hosted a very informative Tech Forum as part of its conference in Basra last week. Titled "AI as an Engine for National Transformation in Iraq," and moderated by IBBC's Ashley Goodall, it featured contributions from: Phil McCauley, Saibre Capital: AI-aligned capital investment and large-scale urban and infrastructure programmes Dr. […]
The UK Parliament's House of Commons Library has published its Iraq: Introductory Country Profile. This 21-page briefing provides an introduction to Iraq's: Leadership, politics, and political rights, including recent parliamentary elections, major political groupings, and political participation Human rights, such as the rights of women and freedom of religion or belief Trade with the UK and […]
By John Lee. At the Iraq Britain Business Council (IBBC) conference in Basra, Prime Minister Mohammed Shiaa Al-Sudani reaffirmed the government's commitment to advancing investment in cooperation with the private sector and international partners. Held under the theme "Gateway to Iraq," the conference gathered senior Iraqi and UK officials and leading companies to explore trade […]
