Tag Archives | mn

Iraq “Not Worried” about Safety of Dams

By John Lee. Iraqi officials have reportedly tried to quell fears that dams could collapse, as water reservoirs approach capacity after a very wet winter. A spokesperson for the Ministry of Water Resources told AFP: “We are in control of the dams and reservoir levels … We are not worried about their safety or stability.” […]

Iran Plan for Air Defense Cooperation with Iraq

Iran’s Top General Unveils Plan for Air Defense Cooperation with Iraq Chief of Staff of the Iranian Armed Forces Major General Mohammad Hossein Baqeri said Tehran and Baghdad have agreed to launch air defense cooperation to combat possible threats to Iran’s western border. Briefing reporters on the results of a meeting with his Iraqi counterpart […]

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Genel Energy names New CEO

Genel Energy has announced the appointment of Dr. Bill Higgs as Chief Executive Officer, and as a member of the Board of Directors, with immediate effect. Esa Ikaheimonen, Chief Financial Officer, has also been appointed to the Board. Dr. Higgs joined Genel as Chief Operating Officer in October 2017, and has since led on the […]

Iran “ready to Expand Gas, Power Trade with Iraq”

President Hassan Rouhani has called for Iran and neighbouring Iraq to expand their gas and electricity dealings and boost bilateral trade to $20 billion, state TV reported, despite difficulties caused by US sanctions against Tehran. “The plans to export electricity and gas and hopefully oil continue and we are ready to expand these contacts not […]

Commitment to Universal Health Coverage in Iraq

WHO, UNFPA and UNICEF reiterate their commitment to Universal Health Coverage for every person, anywhere, anytime in Iraq Today, as the world commemorates World Health Day with the theme, Universal Health Coverage (UHC), WHO, UNFPA and UNICEF recommit to supporting the Government of Iraq ensure that every person in Iraq has access to quality health […]

More details of Genel Energy Dividend

Genel Energy has announced that, at the bondholder meeting held today, the Company’s proposal was adopted and the waiver of the dividend restriction in 2019 has been confirmed. With respect to the 2018 financial year, a year in which free cash flow totalled $164 million, the Board has accordingly recommended a final dividend of 10¢ per […]

Uneven Development in the Iraqi Petroleum Sector

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. This article may also be downloaded here in pdf format. Restraining the Game-Changer: A Decade of Uneven Development in Iraq Petroleum Sector* Abstract and Introduction The development of the Iraqi petroleum sector […]

New Investment Opportunity in Iraq

By John Lee. The National Investment Commission (NIC) has announced a new investment opportunity in Iraq: Rehabilitation of plants, State Company for Phosphates (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)

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 […]

Iraq offered Saudi 186 Investment Opportunities

Saudi Minister of Commerce and Investment, Dr. Majid Bin Abdullah Al-Qasabi, said that Iraq has offered Saudi companies and investors 186 investment opportunities. Speaking at a joint press conference with Iraqi Deputy Prime Minister, Thamir Al-Ghadhban, Al-Qasabi said the two countries have decided to set up a joint Saudi-Iraqi business council to exchange investment opportunities. […]

Iraqi Investment and Reconstruction Conference in Rome

Sponsored by the Embassy of the Republic of Iraq in Rome, and in coordination with the Federation of Italian Industries, the Iraqi Conference on Investment and Reconstruction was held at the end of March to discuss investment opportunities and the contribution of Italian companies in the reconstruction of Iraq. Representatives of more than 200 Italian […]