Author Archive | Editor

Natural Gas Must Be an Asset for Iraq

By Alessandro Bacci. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On February 27-28, 2018, the C.W.C. Group, an energy and infrastructure conference, exhibition and training company, will organize in Berlin, Germany, the twelfth edition of Iraq Petroleum, which is one of the major […]

Price of Iranian Goods Falls 30% in Iraqi Kurdistan

By John Lee. A sharp fall in the value of the Iranian rial has reportedly reduced the price of Iranian goods in the Kurdistan Region of Iraq by 30 percent, boosting demand. According to Rudaw, trade between the Kurdistan Region and Iran amounted to $6 billion in 2016, falling to around $5.05 billion in 2017. […]

Stock Market Up 25% since End-October

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th Feb 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD951 (+2.7%) / $991 (+2.7%) (weekly change) (+17.2% and +18.6% YTD change, respectively). The number of week traded […]

Iraq Receives First Batch of Russian T-90 Tanks

Iraq has received the first batch of Russian-made T-90 battle tanks as part of a purchase agreement signed last year, according to an Iraqi Defence Ministry spokesman. “The first batch of Russian tanks arrived on February 15 at Umm Qasr Port – they have since been transported to Baghdad via the city of Basra”. The […]

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 […]

KRG pays Genel under Receivable Settlement Agreement

Genel Energy plc has announced that it has received an override payment of $7.05 million from the Kurdistan Regional Government (KRG). The payment represents 4.5% of Tawke gross field revenues for the month of November 2017, as per the terms of the Receivable Settlement Agreement.  Taken together with the monthly entitlement payments for Taq Taq […]

Tribal Disputes Flare in over Water Scarcity

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Tribal disputes flare in southern Iraq over water scarcity Iraqi Prime Minister Haider al-Abadi gave instructions on Feb. 11 to stop the encroachment upon water quotas and increase the […]

New Career Opportunities in Iraq

By John Lee. The United Nations has advertised new positions in Iraq: Future Forward Project Coordinator, Heartland Alliance for Human Needs A Field Coordinator, Première Urgence Internationale (PUI) Chief of Section, Supply Chain Management, UNAMI Senior Political Affairs Officer, UNAMI Program Manager, Relief International Human Settlements Officer, UN-Habitat – United Nations Human Settlements Programme Female […]

New Career Opportunities in Iraqi Kurdistan

By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Future Forward Project Manager, Heartland Alliance for Human Needs Project Officer (Communications with Communities), IOM – International Organization for Migration A Deputy Head of Mission, Première Urgence Internationale (PUI) A Deputy Health Coordinator in Erbil, Première Urgence Internationale (PUI) MEAL Coordinator, Première […]

Details of Defeat-ISIS Strikes in Syria, Iraq

Combined Joint Task Force Operation Inherent Resolve and its partners continued to strike Islamic State of Iraq and Syria targets in designated parts of Syria and Iraq between Feb. 9-15, conducting 43 strikes consisting of 63 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Strikes in Syria Yesterday in Syria, coalition military […]

$30bn Pledged to Iraq – Time to Act!

Following the Kuwait International Conference for the Reconstruction of Iraq earlier this week, Iraq has so far received pledges of financing totalling around $30 billion to help with rebuilding the country after the devastating war against the Islamic State group. While this is well short of the $88 billion in funding estimated to be needed, […]