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  • Investors Iraq News's Avatar
    Today, 11:06 AM
    By John Lee. Iraq’s Supreme Federal Court has reportedly upheld a law mandating a nationwide recount of the votes from May’s parliamentary election, which had been ordered following claims from Prime Minister Haider al-Abadi that there had been serious violations. The court has also ruled that the cancellation of votes from people overseas, the displaced, and Peshmerga was unconstitutional. Earlier this month, Iraq’s top judicial authority, the*Supreme Judicial Council, took over the Independent High Electoral Commission (IHEC), replacing the local heads in each of the provinces with judges. Last month’s elections saw a low turnout, and an unexpected victory for Shia leader Moqtada al-Sadr. (Sources: Reuters, AFP) (Picture credit: Essam-al-Sudani) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 4 view(s)
  • Investors Iraq News's Avatar
    Today, 07:01 AM
    By John Lee. Genel Energy and DNO have said that the Tawke partners have received $62.19 million from the Kurdistan Regional Government (KRG) as payment for March 2018 crude oil deliveries to the export market from the Tawke licence. Genel’s net share of the payment is $15.52 million. The Taq Taq partners have received a gross payment of $6.20 million from the KRG for oil sales during March 2018; Genel’s net share of this payment is $3.41 million. Genel has also received an override payment of $8.37 million from the KRG, representing 4.5% of Tawke gross licence revenues for the month of March 2018, as per the terms of the Receivable Settlement Agreement. In total, Genel’s net share of payments relating to March 2018 exports totals $27.30 million. (Source: Genel Energy) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 15 view(s)
  • Investors Iraq News's Avatar
    Today, 07:01 AM
    By John Lee. Russian airline Red Wings reportedly made its maiden flight to Iraq on Wednesday. This marks the resumption of services between Moscow and Baghdad following the Iraqi War in 2003. The new service will begin with one regular flight per week. (Source: AFP) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 11 view(s)
  • Investors Iraq News's Avatar
    Today, 07:01 AM
    By John Lee. UK Export Finance (UKEF) has published its annual report and accounts for 2017 to 2018, in which it lists three export projects supported in Iraq: Enka UK Construction Ltd received letter of credit guarantees and supplier credit totalling £87,910,650 for the construction of a gas-fired power plant for Iraq’s Ministry of Electricity; GE Global Services GMBH received buyer credit and direct lending totalling £87,211,216 for the construction of a gas-fired power plant for Iraq’s Ministry of Electricity; Fortress Diagnostics Ltd received export working capital of £112,258 to supply healthcare equipment to Iraq’s Ministry of Health. (Source: UK Govt) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 10 view(s)
  • Investors Iraq News's Avatar
    Today, 07:01 AM
    By John Lee. Talks between ExxonMobil and Iraq on the multi-billion-dollar Common Seawater Supply Project (CSSP) have reportedly broken down. According to Reuters, the director general of the Basra Oil Company (BOC) told reporters that the BOC will award the contract through a tender process, which it expects to complete at the end of July. It adds that the BOC has already shortlisted three companies*from an initial list of seven for the contract. (Source: Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 11 view(s)
  • Wolverine's Avatar
    Yesterday, 10:06 PM
    21 replies | 468 view(s)
  • Wolverine's Avatar
    Yesterday, 09:39 PM
    21 replies | 468 view(s)
  • Brazileiro's Avatar
    Yesterday, 06:40 PM
    yep everyone still waiting. looks like they haven't raised the 250 billion iqd yet as weren't they supposed to have the general assembly meeting within 30 days of raising it? then again no one has taken my offer of exchanging iqd for usd at 2x the official rate either so maybe a lot of second thoughts on investing in warka. no word on their mastercard or cd's either. maybe the 2nd half of the year will see something tangible
    8 replies | 390 view(s)
  • Wolverine's Avatar
    Yesterday, 06:39 PM
    21 replies | 468 view(s)
  • crazyfrank's Avatar
    Yesterday, 04:51 PM
    well ok June 20th has pretty much come and gone now, I see zero news anywhere on anything right now, should I really be surprised? ........... so now we return you to your previously scheduled program, already in progress. That is all. :cool:
    8 replies | 390 view(s)
  • Wolverine's Avatar
    Yesterday, 03:27 PM
    21 replies | 468 view(s)
  • Wolverine's Avatar
    Yesterday, 02:59 PM
    21 replies | 468 view(s)
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