Video: New Iraqi Oil Pipeline via Jordan

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is planning to build a new oil pipeline to Jordan which it is banking on to revive revenue sources, after years of war and instability. In addition to expanding refineries and oil […]

Reasserting the role of Civil Society in Iraq

For generations of Iraqis, playing a meaningful role as an active member of civil society was fraught with risks. While many challenges remain, now, with the retreat of ISIL from Iraq, there has never been a better time to reassert the powerful role of civil society at the forefront of national development. Given the country’s […]

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 […]

Turkey, Iraq to set up Water Resources Center

By John Lee. Turkey and Iraq have agreed to set up a center in Baghdad to study and address water issues in the region. According to Daily Sabah, the Turkish Presidency’s Special Representative to Iraq Veysel Eroğlu said that both countries have drafted an action plan to address water issues. They will also set up […]

Attock Invests in Cement Grinding Unit

By John Lee. Pakistan-based Attock Cement (PSX: ACPL) has reportedly made investments in a cement grinding unit in Iraq. According to Business Recorder, the investment was made via a joint venture with the Iraq-based Al Geetan Commercial Agencies to form a subsidiary, a limited liability company. Attock’s holds 60 percent of the company. The mill […]

Video: Iraq tries to Attract Foreign O&G Investments

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq’s government wants to see a big increase in oil production. Oil and natural gas make up 90 percent of the country’s revenue. But years of war and new environmental challenges are making […]

Oil Exports Slightly up in July

By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for July of 110,548,738 barrels, giving an average for the month of 3.556 million barrels per day (bpd), up from the 3.520 million bpd exported in June. These exports from the oilfields in central and southern Iraq amounted to 106,500,015 barrels, while exports […]

Moody’s affirms Iraq’s Caa1 ratings

By John Lee. Moody’s Investors Service has affirmed the Government of Iraq’s long-term issuer and senior unsecured ratings at Caa1 and maintained the stable outlook. The decision to affirm Iraq’s Caa1 ratings reflects credit challenges posed by very weak institutions and governance that in Moody’s view, will continue to limit policy effectiveness, constrain the government’s […]

Iran & Iraq to Set Up Joint Investment Fund

By John Lee. Iran‘s Securities and Exchange Organization (SEO) and the Iraqi Securities Commission (ISC) have signed a memorandum of understanding to create a joint investment fund. According to Iran’s SEO, the agreement is “primarily focused on development of Islamic Financial instruments, enhancement of technical infrastructure and establishment of common investment funds through shared partnership […]

New Iraq Reconstruction and Recovery Trust Fund

The Ministry of Planning and the United Nations signed a Memorandum of Understanding (MoU) to establish the Iraq Reconstruction and Recovery Trust Fund in support of the Government’s Recovery and Development Framework. Iraqi Minister of Planning Dr. Nouri Sabah al-Dulaimi signed on behalf of the Government of Iraq. Marta Ruedas, the Deputy Special Representative of […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st August 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD629 (-3.1%) / $676 (-3.1%) (weekly change) (-4.6% and -4.7% YTD change, respectively). The number of week traded […]

UK Firm to study Iraq/Kuwait Shared Oilfields

By John Lee. Iraq and Kuwait have selected British energy advisory firm ERC Equipoise (ERCE) to prepare a study on the development of shared border oilfields. Ministry spokesman Assem Jihad said a contract would be concluded in the coming days with the company, which was chosen from a list of four candidates. ERCE is a […]