More New Investment Opportunities in Iraq

By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Manufacturing artillery rockets – State Company for Military Industries Manufacturing mortar guns, State Company for Military Industries Manufacturing military protable water treatment plant, State Company for Military Industries Rehabilitation , modernization and assembling of heavy armored vehicles, State Company for Military […]

US Sanctions Militia Leaders in Iraq

Treasury Sanctions Iran-Backed Militia Leaders Who Killed Innocent Demonstrators in Iraq Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three leaders of Iran-backed militias in Iraq that opened fire on peaceful protests, killing dozens of innocent civilians. OFAC designated Qais al-Khazali, Laith al-Khazali, and Husayn Falih ‘Aziz al-Lami pursuant […]

Alliant wins $38m Iraqi Defense Deal

Alliant Techsystems Inc., Fort Worth, Texas, has been awarded a $37,788,519 firm-fixed-price modification (P00052) to previously awarded contract FA8106-16-C-0004 for contractor logistic support for the Iraqi Air Force’s Cessna 208 and 172 fleet. Work will be performed in Iraq and is expected to be completed by Dec. 31, 2020. This contract involves 100% foreign military […]

IBBC hosts Discussion with Iraqi Ambassador

IBBC host a roundtable discussion with His Excellency, Mr Jaafar Al-Sadr On Wednesday 4th December the Iraq Britain Business Council (IBBC) was pleased to host a roundtable discussion chaired by IBBC President Baroness Nicholson with Iraq’s newly appointed Ambassador to the UK, His Excellency, Mr Jaafar Al-Sadr, and fellow diplomats Dr Ahmed Al-Nakash and Ms […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th January 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD636 (-1.0%) / $676 (-1.0%) (weekly change) (-3.6% and -4.8% YTD change, respectively). The number of week traded […]

Iranian Consulates torched in Najaf and Karbala

By Shelly Kittleson for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Protesters have reportedly attempted to burn down the Iranian consulates in both of Iraq’s holy cities, Najaf and Karbala, over the past month, with the consulate in Najaf torched twice […]

Cabinet Approves Measures to Expedite Investment Projects

Cabinet approves measures to expedite completion of investment projects The Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Adil Abd Al-Mahdi. The Prime Minister briefed the Cabinet on national developments, and underscored that, during this period, ministries and other state institutions will continue to discharge their day-to-day duties […]

Gazprom Neft Increases Production in Kurdistan

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its three-millionth tonne of oil since starting commercial production at the Sarqala field in the Kurdistan Region of Iraq (KRI). Total cumulative production at the Sarqala field has reached three million tonnes, or 23 million barrels of oil, as at December 2019. Daily liquid hydrocarbon production at this asset is currently running at 4,000 […]

Genel Energy Chairman Steps Down

Following the announcement of 16 May 2019, in which it was stated that Steve Whyte (pictured), Chairman of Genel Energy, would not be standing for re-election at the 2020 Annual General Meeting, the Company announces that Steve has now resigned with immediate effect. George Rose, Senior Independent Non-Executive Director, will act as interim Chairman until […]

New Career Opportunities in Iraq

By John Lee. The United Nations has advertised new positions in Iraq: Digital Security Specialist, Counterpart International Legal Team Leader, International Rescue Committee (IRC) Project Coordinator, UNODC – Office on Drugs and Crime Programme Analyst – UNFPA – United Nations Population Fund Legal Officer [temporary], UNS-SPM UNITAD – United Nations Investigative Team for Accountability of Daesh/ISIL […]

New Career Opportunities in Iraqi Kurdistan

By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Monitoring, Evaluation, Accountability and Learning (MEAL) Coordinator, INTERSOS – Organizzazione Umanitaria Onlus HR- Admin Coordinator, Norwegian Refugee Council (NRC) Human Resources Assistant, Norwegian Refugee Council (NRC) Monitoring & Evaluation Coordinator (A Senior Managerial Level), International Rescue Committee (IRC) Peace and Reconciliation Working […]

Top Mountain, USAID open Business Incubator in Erbil

Top Mountain and USAID open Business Incubator and Training Center in Erbil Top Mountain, in partnership with USAID, held a ribbon cutting ceremony to celebrate the opening of the Business Incubator and Employment Program’s first training center. This will be the first of four facilities that Top Mountain will open over the next two months, […]