Tag Archives | featured

Iran Khodro ups Capacity at Iraq Plant

By John Lee. Iran Khodro (IKCO) has said that 2,500 units of its Samand model (pictured) are expected to be produced this year in its Iraq plant. The site at Iskandariya has been upgraded with new equipment, and now has the capacity to make 45 to 50 cars per day. (Source: IKCO)

Mercy Corps Conducts First Cash Aid Distribution in Mosul

The global organization Mercy Corps has begun providing civilians in the eastern half of Mosul with cash assistance, the first international aid organization to do so. The government of Iraq estimates that military operations in Mosul have led more than 362,000 people to flee their homes. “As we’ve entered previously inaccessible areas in the city, […]

Can Iran stop Iraqi Kurdistan Independence?

By Hamdi Malik for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  As talk of an independence referendum for Iraq’s Kurdistan Regional Government (KRG) grows, Iran’s role is becoming more visible, especially that of Qasem Soleimani (pictured), the powerful commander of […]

Petrofac wins new $70m Iraq Contract

Petrofac has secured a series of contract awards worth more than US$70 million for engineering, operations and maintenance services in Iraq. Petrofac’s Engineering and Production Services’ (EPS) East business secured the awards during the first quarter of 2017 with two major International Oil Companies and the South Oil Company (SOC). Petrofac has been providing services […]

$27m to Overhaul Iraqi Military Patrol Boats

By John Lee. Swiftships LLC has been awarded a $27,402,593 firm-fixed-price modification to a previously awarded contract (N00024-14-C-4217) for the accomplishment of continuous lifecycle support for the Iraqi Navy. The contractor will provide technical expertise in preventative and planned maintenance, emergent repairs and platform overhaul support services for Iraqi patrol boats, offshore vessels, and defender […]

Officials Release Details of Latest Strikes Against IS

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 35 strikes consisting of 78 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 […]

The New INOC Law: Brief and Dysfunctional

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The New INOC Law: Brief and Dysfunctional The Cabinet approved, on 23 March 2017, the new law for the Iraqi National Oil Company (INOC) and passed it to the Parliament/House of Representatives […]

Genel Energy: Hayward to Step Down

Genel Energy has announced that Stephen Whyte has been appointed as an independent non-executive director and Chairman designate with immediate effect. Tony Hayward (pictured) will retire as a Director and Chairman of the Company at the conclusion of the 2017 AGM, to be held on 6 June 2017, at which point Stephen Whyte will take […]

From Bombs to Bytes: How Tech can Transform Iraq’s Economy

By Ashley Goodall. From Bombs to Bytes: How tech can Diversify and Transform Iraq’s Economy One of the big hits at this year’s Iraq Britain Business Council (IBBC) conference was the tech panel (pictured) with four leading Tech companies using tech to deliver their unique services: Zain Telco, launching Zain Cash, Restrata who offer cyber […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th Apr 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD947 (-1.6%) / $972 (-1.6%) (weekly change) (-1.3% and +2.6% YTD change, respectively). The number of week traded […]

Military Strikes Continue Against ISIS in Syria, Iraq

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 31 strikes consisting of 97 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 […]