Tag Archives | featured

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 […]

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Amarinth secures order for Pumps at Rumaila

UK-based Amarinth has secured its first order from Iraq Gates Contracting Company (IGCC) for $410K of API 610 OH1 pumps on 22-weeks FCA delivery for the Rumaila oil field, Iraq. This first order for Amarinth from Iraq Gates Contracting Company (IGCC) of $410K is for ten API 610 OH1 condensate transfer pumps with Plan 11 […]

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Arak Distillery promotes ambitious New Brand

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Arak distillery promotes ambitious new brand in defiance of alcohol ban Distiller Amer ad-Doumali launched “Arak Bashiqa” in September, a new brand of the Levant’s traditional anise drink whose […]

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INOC takes over 9 State Oil Companies

By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has transferred ownership of nine state-owned oil companies from the Ministry of Oil to the newly-created Iraqi National Oil Company (INOC). The Minister is also the President of INOC. The companies transferred to INOC ownership are: Iraqi Oil Exploration Company Iraqi Drilling Company (IDC) State […]

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US Treasury Sanctions Iraq-based Money Services Business

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions today on Afaq Dubai, an Iraq-based money services business (MSB) that has been moving money for the Islamic State of Iraq and Syria (ISIS). Today’s designation follows action taken by the Department of Defense—announced on October 11—against a key ISIS financial […]

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Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th October 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD634 (-3.8%) / $678 (-3.8%) (weekly change) (-21.6% and -18.9% YTD change, respectively). The number of week traded […]

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New Career Opportunities in Iraq

By John Lee. The United Nations has advertised new positions in Iraq: Food Security and Livelihoods Program Manager, Triangle Génération Humanitaire (TGH) Programme Associate, UNAMI – United Nations Assistance Mission for Iraq Information Management Officer, UNAMI – United Nations Assistance Mission for Iraq STTA Sexual and Gender-Based Violence Advisor, Global Communities Sexual and Gender-Based Violence […]

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New Career Opportunities in Iraqi Kurdistan

By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Logistics Coordinator, Première Urgence Internationale (PUI) Technical Project Engineer, IOM – International Organization for Migration Local Security Assistant, IOM – International Organization for Migration Project Officer (Enterprise Development Fund Management), IOM – International Organization for Migration Programme Coordinator (Economic Recovery), IOM – […]

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Siemens may have to share $15bn Power Deal with GE

By John Lee. Germany’s Siemens may have to share a $15-billion contract to supply power-generation equipment to Iraq with US rival General Electric (GE). The Financial Times reports that although it appeared that Siemens would win the deal, the Trump administration successfully intervened on behalf of GE. Last month German business newspaper Handelsblatt reported that […]

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Will Nadia Murad’s Nobel Prize help Iraqi Minorities?

By Saad Salloum for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Nadia Murad, the Iraqi Yazidi, has been awarded the 2018 Nobel Peace Prize. This has raised the expectations and hopes of Iraqi minorities, especially Yazidis, since she is the […]

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Iran masses Troops on Iraq Border

By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. IRGC masses troops on Iraq border amid rising tensions with Kurdish groups Iran’s Islamic Revolutionary Guard Corps (IRGC) is launching increasingly daring operations to degrade the capabilities of armed […]

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