July 18th, 2018 | 0 commentsIraqi forces, including peshmerga troops, conducted coordinated clearance operations July 16 to eliminate the Islamic State of Iraq and Syria presence in Iraq, Combined Joint Task Force Operation Inherent Resolve officials announced today. Iraqi forces, with coalition support, successfully cleared a ISIS safe haven in the region of the Ma...
July 18th, 2018 | 0 commentsThe Iraq Britain Business Council (IBBC) has announced that OILSERV has joined the Council. OILSERV is an independent Oilfield Service Company founded with the purpose of providing world class solutions to clients operating across the Middle East and North Africa. OISERV’s comprehensive range of business lines covers the full life cycle o...
July 18th, 2018 | 0 commentsIraqi Electricity Minister Qassem Al-Fahdawi said yesterday that his country has failed to convince Iran to resume supplying Iraq with electricity. Last Friday, Al-Fahdawi along with an Iraqi delegation arrived in Tehran where they held talks with Iranian officials to resume supplying Iraq with 1,000 megawatts of electricity, which Tehran...
June 27th, 2018 | 0 commentsThe Iraqi parliament requested yesterday that 13 senior officials from the elections commission be dismissed before the manual counting of votes begins, Al-Araby Al-Jadeed reported. Based on the ruling of the High Federal Court the judges, who monitor the elections commission, decided on Sunday to manually recount votes in a number of pol...
June 27th, 2018 | 0 commentsIraq’s Prime Minister and Leader of Al-Nasser Coalition (Victory Alliance), Haider Al-Abadi, has been trying to avoid making a coalition with his predecessor, Nouri Al-Maliki, Al-Araby Al-Jadeed reported on Monday. Working with the Sa’eroon Coalition leader Muqtada Al-Sadr, Al-Abadi has been exerting efforts to avoid such a deal. Al-Nasse...
June 27th, 2018 | 0 commentsGulf Keystone Petroleum (GKP) has mandated Pareto Securities to arrange fixed income investor meetings in conjunction with a potential bond issue. Following these meetings, and subject to market conditions and acceptable terms, a 5-year senior unsecured bond issue of $100 million (the “New Notes”) may take place. The proceeds from the New...
June 20th, 2018 | 0 commentsIn Baghdad, locals have been fretting about dramatic falls in the level of the Tigris river. The government has a plan. Only problem is, that plan requires billions in funding that Iraq does not have. The passengers in the small bus all peer out anxiously as the vehicle crosses the Sanak bridge – the name used by locals for the Rashid bri...
June 19th, 2018 | 0 commentsraq has reportedly bought 1.75 million tonnes of domestic wheat so far this season. According to the report from Reuters, the is well below a trade ministry’s target of 2.5 million tonnes. The wheat purchasing season began on 16th April and is expected to last until the end of June. -Iraq Business News
June 19th, 2018 | 0 commentsIraq and Syria are said to be considering the possibility of reopening their border for the first time in several years. Syrian Arab News Agency (SANA) reported that Syria’s Deputy Prime Minister Walid al-Moallem sent a letter to his Iraqi counterpart Ibrahim al-Jaafari hoping to increase efforts to reopen the border crossing connectinga...
June 19th, 2018 | 0 commentsIraq’s Foreign Ministry said in a statement late on Monday that it “expresses rejection and condemnation of any air operations targeting forces in areas where they are fighting ISIS (Daesh), whether in Iraq or Syria or any other area where there is a battlefield against this enemy that threatens humanity.” The statement added that the min...
