Russian-Iraqi Business Council meets Iraqi Ambassador

The Ambassador of the Republic of Iraq to Moscow Meets with President of Russian-Iraqi Business Council and the Executive Director of the Council The Ambassador of the Republic of Iraq to Moscow, Mr. Abdul Rahman Al-Husseini, met with the Chairman of the Russian-Iraqi Business Council Mr. Benderski Eduardo, and the Executive Director of the Council […]

Chaos Spreads as PM Office Remains Vacant

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Chaos spreads in Iraq as PM office remains vacant A number of unidentified militias penetrated Tahrir Square and the Sanak Bridge area in central Baghdad on the evening of Dec. 6, targeting […]

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 […]

More New Investment Opportunities in Iraq

By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Manufacturing artillery rockets – State Company for Military Industries Manufacturing mortar guns, State Company for Military Industries Manufacturing military protable water treatment plant, State Company for Military Industries Rehabilitation , modernization and assembling of heavy armored vehicles, State Company for Military […]

US Sanctions Militia Leaders in Iraq

Treasury Sanctions Iran-Backed Militia Leaders Who Killed Innocent Demonstrators in Iraq Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three leaders of Iran-backed militias in Iraq that opened fire on peaceful protests, killing dozens of innocent civilians. OFAC designated Qais al-Khazali, Laith al-Khazali, and Husayn Falih ‘Aziz al-Lami pursuant […]

Alliant wins $38m Iraqi Defense Deal

Alliant Techsystems Inc., Fort Worth, Texas, has been awarded a $37,788,519 firm-fixed-price modification (P00052) to previously awarded contract FA8106-16-C-0004 for contractor logistic support for the Iraqi Air Force’s Cessna 208 and 172 fleet. Work will be performed in Iraq and is expected to be completed by Dec. 31, 2020. This contract involves 100% foreign military […]

IBBC hosts Discussion with Iraqi Ambassador

IBBC host a roundtable discussion with His Excellency, Mr Jaafar Al-Sadr On Wednesday 4th December the Iraq Britain Business Council (IBBC) was pleased to host a roundtable discussion chaired by IBBC President Baroness Nicholson with Iraq’s newly appointed Ambassador to the UK, His Excellency, Mr Jaafar Al-Sadr, and fellow diplomats Dr Ahmed Al-Nakash and Ms […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th January 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD636 (-1.0%) / $676 (-1.0%) (weekly change) (-3.6% and -4.8% YTD change, respectively). The number of week traded […]

Iranian Consulates torched in Najaf and Karbala

By Shelly Kittleson for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Protesters have reportedly attempted to burn down the Iranian consulates in both of Iraq’s holy cities, Najaf and Karbala, over the past month, with the consulate in Najaf torched twice […]

Cabinet Approves Measures to Expedite Investment Projects

Cabinet approves measures to expedite completion of investment projects The Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Adil Abd Al-Mahdi. The Prime Minister briefed the Cabinet on national developments, and underscored that, during this period, ministries and other state institutions will continue to discharge their day-to-day duties […]

Gazprom Neft Increases Production in Kurdistan

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its three-millionth tonne of oil since starting commercial production at the Sarqala field in the Kurdistan Region of Iraq (KRI). Total cumulative production at the Sarqala field has reached three million tonnes, or 23 million barrels of oil, as at December 2019. Daily liquid hydrocarbon production at this asset is currently running at 4,000 […]

Genel Energy Chairman Steps Down

Following the announcement of 16 May 2019, in which it was stated that Steve Whyte (pictured), Chairman of Genel Energy, would not be standing for re-election at the 2020 Annual General Meeting, the Company announces that Steve has now resigned with immediate effect. George Rose, Senior Independent Non-Executive Director, will act as interim Chairman until […]