Siemens wins Service Agreement to operate Power Plant

Germany’s Siemens has expanded an existing service agreement with KAR Group in Iraq to provide comprehensive operations and maintenance (O&M) for two newly added SSC5-2000E power plant units at the Khormala plant in the Kurdistan region. The 930-megawatt (MW) natural gas-fired power plant meets nearly 30 percent of the power demand targeted by the Kurdistan […]

Iraq Reviews IOC Qualifications for New Oil Projects

By John Lee. Iraq’s Petroleum Contracts & Licensing Directorate (PCLD) has announced that previously-qualified international oil companies (IOCs) which are not currently operating in Iraq, and which did not participate in earlier licensing rounds, will not be eligible to compete in the current licensing round. In an announcement (copied below), the PCLD said such companies […]

Iraq Britain Business Council welcomes Chevron

By John Lee. Chevron has become the latest member of the Iraq Britain Business Council (IBBC), joining 57 other world- and region-leading organisations that form IBBC’s membership. The company operates and has an 80 percent interest in the Sarta production-sharing contract (PSC) and the Qara Dagh PSC (pictured). The two blocks cover a combined area […]

Startup Hub Focus: Baghdad

By Lara Saeed, Managing Editor, Bite.Tech. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Over the course of the past year, the Iraqi startup ecosystem has been through tremendous development. Numerous startup events and boot camps have resulted in the early stages of an ecosystem. […]

Details of Latest Strikes Against ISIS

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 30 strikes consisting of 66 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition […]

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 […]

Launch of Iraq’s First Tech Startup Coworking Space

By Hal Miran, Editor-in-Chief, Bite.Tech. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. TechHub has officially been launched, making the first tech startup coworking space in Iraq a reality. We have housed nine members so far, as well as numerous expert-led entrepreneurial workshops and events, […]

Iraqi Forces Begin Offensive to Liberate Tal Afar

Iraqi security forces have begun their offensive to liberate the city of Tal Afar from the Islamic State of Iraq and Syria, Combined Joint Task Force Operation Inherent Resolve officials said today. The global coalition against ISIS welcomes Iraqi Prime Minister Haider al-Abadi’s statement earlier today announcing the launch of the offensive to liberate Tal […]

Iraq Stock Market Report

Advertising Feature Note: ISX will be closed starting from Sep. 1, 2017 to Sep. 5, 2017 due to the religious holiday of Eid Al-Adha. The next session will be held on Wednesday (Sep. 6, 2017). Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th Aug 2017). Please click here to download a table […]

Coalition Continues Strikes to Defeat ISIS

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Saturday, conducting 15 strikes consisting of 24 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]

LG opens Biggest Overseas Brand Shop in Iraq

By John Lee. South Korean electronics maker LG Electronics has reportedly opened its largest overseas brand shop in Iraq. The two-floor shop covers 870 square meters in the main commercial district of Erbil. Around 200 government and media officials attended an opening ceremony, according to a report from Nation Multimedia. (Source: Nation Multimedia)