KNM Wins Contract at Khor Al Zubair

By John Lee. FBM-KNM FZCO, an indirect wholly-owned subsidiary of Malaysia’s KNM Group, has been awarded a contract for the supply and delivery of replacement heat exchangers to the Khor Al Zubair’s gas processing plant in Basrah Province. According to a regulatory statement, the contract from Basra Gas Company (BGC) is worth USD 2.096 million […]

Is Abadi looking to return as PM?

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Is Abadi looking to return to prime minister’s post? Former Iraqi Prime Minister Haider al-Abadi announced May 31 his resignation from all his positions in the Islamic Dawa […]

GardaWorld Weekly Security Report

GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld’s Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]

Rosneft and the Future of Iraqi Kurdistan Gas

Rosneft’s money might help Iraqi Kurdistan meet its domestic gas demand, but it could also cripple its long-term export ambitions, according to an oil analyst. In an opinion piece for Energy Reporters, Nick Augusteijn argues that Rosneft’s deals are vehicles for Russia’s “increasingly assertive foreign policy“. Click here to read the full story. (Source: Energy […]

MSF Reports on Iraq Operations

By John Lee. Doctors Without Borders /Médecins Sans Frontières (MSF) has issued a report on its operations in Iraq. It has been working in Iraq since 1991, with more than 1,500 staff providing free, quality healthcare for all people regardless of race, religion, gender or political affiliation. In Iraq, MSF offer services such as basic […]

Petrel Resources “Renewing Connections” in Iraq

By John Lee. Petrel Resources has announced the appointment of Riadh Hameed as Non-Executive Director with immediate effect. Riadh Mahmoud Hameed (aged 38) is a quality control engineer working for an aerospace component company based in the USA.   Prior experience has included over a decade of working in the oil and gas sector, to include […]

Re:Coded, ConsenSys bring Blockchain to the Middle East

By John Lee. New-York-based ConsenSys has confirmed its support for Re:Coded Iraq. Re:Coded is a humanitarian innovation non-profit organization. Founded in 2017, Re:Coded is working relentlessly to train the youth of the MENA region in coding and entrepreneurship. Apart from the training part, Re:Coded also offers mentorship, employment and freelancing opportunities to the youth in […]

IDPs Graduate in Automotive Mastery

Toyota Iraq, UNDP and Oxfam support technical training for sustainable livelihoods Celebrating the graduation of 16 IDP’s in automotive mastery Toyota Iraq, United Nations Development Programme (UNDP) and Oxfam celebrated the graduation of 16 young trainees from the Toyota Technical Development Program Training. This group is the 5th batch of internal displaced people (IDPs) who […]

Oman to open Embassy in Baghdad

By John Lee. Prime Minister Adil Abd Al-Mahdi received Omani Foreign Minister Yusuf bin Alawi on Wednesday in Baghdad. During the meeting they discussed strengthening the relations between the two countries and the opening of air routes, facilitating entering visas, as well as their joint role in maintaining security and stability in the region. The […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th June 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD657 (-1.5%) / $706 (-1.7%) (weekly change) (-0.4% and -0.5% YTD change, respectively). The number of week traded […]

US imposes Sanctions on Iraq-based affiliate of IRGC

By John Lee. The United States has imposed sanctions on an Iraqi company, South Wealth Resources Company (SWRC), which it is says is an Iraq-based affiliate of Iran‘s Islamic Revolutionary Guard Corps (IRGC). The full text of the Treasury Department’s statement is shown below: Today [Wednesday 13th June], the U.S. Department of the Treasury’s Office […]

Nechirvan Barzani tasks Masrour Barzani to form new KRG Cabinet

The President of the Kurdistan Region, Nechirvan Barzani, has tasked Masrour Barzani, as Prime Minister of the Kurdistan Regional Government, to form the ninth ministerial cabinet, in the presence of the Speaker of the Kurdistan Parliament Ms. Vala Farid and the Head of the Judicial Council of the Kurdistan Region Judge Bangin Qasim. It was […]