Troop Withdrawal from Iraq “Must Include All Aid”

By Laura Rozen for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. US Syria envoy: Any talks on troop withdrawal from Iraq must include all aid US-led international operations in Iraq against the so-called Islamic State (IS) have been put on pause, as some 5,000 […]

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 Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 23rd January 2020). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD625 (-4.4%) / $663 (-4.4%) (weekly change) (-5.2% and -5.4% YTD change, respectively). The number of week traded […]

Iraq Approves Fifth Round of Gas Contracts

By John Lee. Iraq has reportedly approved contracts in a fifth bidding round for gas exploration contracts. According to Reuters, the exploration deals relate to the development of fields in the eastern governate of Diyala that are expected to produce more than 750 million cubic feet of natural gas within 3 years. The contracts have […]

Iraq Bribery Trial starts in London

By John Lee. The trial has begun in London of three British businessmen accused of conspiring to pay bribes totalling $6m (£4.6m) to win contracts in Iraq worth $800 million. According to the UK’s Serious Fraud Office (SFO), Monaco-based Unaoil bribed Iraqi officials to help Dutch-based SBM Offshore [Single Buoy Moorings], and Singapore’s Leighton Offshore, […]

Protest Death Toll Surges, Brutal Repression

By Amnesty International. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Protest death toll surges as security forces resume brutal repression Chilling eyewitness testimonies and verified video analysis by Amnesty International confirm that security forces have resumed their campaign of deadly violence against largely peaceful […]

KRG Approves Reforms to Kurdistan Tax System

KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani chaired a meeting of the cabinet on Wednesday to discuss implementing best practice for the taxation system of the Kurdistan Region. The ministers reviewed an internal pilot project tasked with developing a new legal and auditing framework. The framework updates current auditing practices and […]

Palestine asks to Import Fuel from Iraq

By John Lee. The Palestinian Authority has reportedly filed a formal request to Israel to allow the import of fuel from Iraq. Palestinian Prime Minister, Mohammed Shtayyeh, told Israel’s Haaretz newspaper that although the request was made four months ago, Israel has yet to respond. He said: “Fuel is our biggest expense … The cheaper […]

Trump “Reiterates Support for Iraq”

As a part of his meetings with a number of leaders and heads of State, President Salih held in-depth talks with US President Donald Trump on Wednesday, on the sidelines of the World Economic Forum (WEF) in Davos. The President stressed the need to intensify international efforts to establish international and regional security and stability, […]

GKP Plans 30% Year-on-Year Growth

Gulf Keystone Petroleum (GKP) has issued an operational and corporate update in advance of the Company’s full year 2019 results which are scheduled to be released on 26 March 2020. Operational Average gross production for 2019 of 32,883 barrels of oil per day (“bopd”), meeting original 2019 gross production guidance. Current production rates from the […]