Central Bank discusses Increasing the Value of the Iraqi Dinar
Mar 14, 2024 · By John Lee. On Thursday, Iraq's Finance Committee, chaired by Atwan Al-Atwani, convened with its members and the Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, to discuss monetary policy, the banking system, and methods to increase the value of the Iraqi dinar.. Al-Atwani stressed the importance of monitoring the economic file and monetary policy based on oversight principles.
Iraq Restructures Airport Management Function
Nov 28, 2024 · By John Lee. As part of its oversight of airport and air navigation management and services, Iraq's Council of Ministers has approved the following: Separating the management of Iraqi airports from the State Company for Airports and Air Navigation and affiliating them with the Ministry of Transportation, to be under the level of a directorate
Genel Energy Loses Iraq Arbitration Case | Iraq Business News
Dec 2, 2024 · By John Lee. Genel Energy has announced that a British court has dismissed its claim for damages from the Kurdistan Regional Government (KRG) for loss of Genel's rights to develop the Bina Bawi and Miran fields in Iraqi Kurdistan.. In a statement made after the close of trading in London on Monday, the company said that the tribunal has ruled that the KRG validly terminated the Bina Bawi and ...
Iraq Launches Tender for Baghdad-Baiji Railway Upgrade
By John Lee. The Iraqi Ministry of Transport has announced a tender for the design and completion of the Baghdad-Baiji railway line, with plans to upgrade the Taji-Baiji section to UIC60 standard gauge. Partially funded by the World Bank under the Emergency Development Project, the contract covers design and construction work to modernize the current
Iraq Warns Forex Companies over Dollar/Dinar Commissions
Sep 30, 2024 · By John Lee. The Central Bank of Iraq (CBI) has identified irregularities in the operations of several exchange companies regarding the sale of U.S. dollars allocated to travellers.. A recent audit and monitoring of company practices revealed that some exchange firms have been charging citizens a commission of 50,000 dinars for purchasing dollars, double the amount stipulated by official ...
Iraq Finalises Contracts for latest Energy Licensing Rounds
Oct 29, 2024 · Jiyad: Disappointment at Latest Energy Licensing Round CNOOC Confirms Contract to Develop Iraq's Block 7 New Oil Concessions in Iraq: FULL LIST The Successes and Failures of Iraq's Energy Licensing Rounds
Iraq Commences Drilling 100th Well at East Baghdad
Nov 17, 2024 · By John Lee. Iraq's Ministry of Oil has announced the commencement of drilling the 100th well in the East Baghdad Field (Southern Zone).. Operated by Midland Oil Company and EBS Petroleum, a body registered in Iraq to conduct the petroleum operations on behalf of China's ZhenHua Oil, this marks Iraq's first horizontally drilled well in the Saadi reservoir.
FULL DETAILS: Japan signs $388m Loan for Basrah Refinery Upgrade
Nov 19, 2024 · By John Lee. The Japan International Cooperation Agency (JICA) signed a $388-million loan agreement with Iraq on Sunday, to provide Japanese ODA loan for the sixth phase of the Basrah Refinery Upgrading Project.. In a statement, JICA said: "This project aims to improve the quality and productivity of petroleum products, reduce the supply-demand gap, decrease the environmental load, and ...
Latest Iraqi Business News
By John Lee. Korea Aerospace Industries (KAI) has signed a significant export contract to supply military helicopters to Iraq. The company describes the Korean Utility Helicopter (KUH-1), also known as Surion, is a multi-role utility helicopter, "complete with excellent maneuverability and a world-class hovering capability features cutting-edge avionics system."
Investment Opportunity: Balad New City | Iraq Business News
Nov 25, 2024 · By John Lee. Iraq's National Investment Commission (NIC), in collaboration with the Ministry of Construction, Housing, and Public Municipalities, invites investment proposals for:. the N ew City of Balad in Salah al-Din Governorate; This project spans 804 dunams and offers a single investment opportunity. Interested investors must purchase the investment portfolio for 30 million Iraqi dinars ...