H&M donates Clothing to Displaced Persons in Iraq

People who have been forced to leave everything behind are among the most vulnerable in the world, and the situation is only getting worse, with the added emergency of the on-going COVID-19 pandemic. Many refugees have suffered tremendously due to the crisis, and UNHCR reports an urgent need to assist. In response, H&M has donated clothing to displaced communities in Iraq, to help families keep warm during the cold […]

Poland Contributes to UNDP's Iraq Fund

The United Nations Development Programme (UNDP) in Iraq welcomes an additional PLN 1 million (approximately US$ 244,000) contribution from the Government of Poland to its flagship Funding Facility for Stabilization (FFS). This critical support will focus on stabilizing the five governorates liberated from the Islamic State of Iraq and the Levant (ISIL) to facilitate the […]

New Air Route between Erbil and Gaziantep

By John Lee. Turkey's Ministry of Transport and Infrastructure has announced that flights from Gaziantep to Erbil will begin on 24th January. AnadoluJet will operate the route on Mondays and Thursdays. (Source: Turkish Ministry of Transport and Infrastructure)

Video: Pipeline Explosion appears caused by Falling Pylon

By John Lee. Australia's SBS News has published CCTV footage purporting to show the explosion that temporarily closed the Kirkuk-Ceyhan pipeline earlier this week. It appears to show an electricity pylon falling on the pipeline. According to Kurdish news agency Rudaw, a group affiliated with the Kurdistan Workers' Party (PKK) had claimed responsibility for the […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th January 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD904 (-1.6%) / $792 (-1.6%) (weekly change) (-1.6% and -1.6% YTD change, respectively). The number of week traded […]

Sweden Renews Support for De-Mining in Iraq

The United Nations Mine Action Service (UNMAS) welcomes the contribution of SEK 50 million (approximately USD 5.7 million) from the Government of Sweden, which will support the Government of Iraq with humanitarian, socio-economic, and reconstruction efforts while protecting vulnerable civilians from the threat posed by explosive ordnance. Due to successive conflicts in Iraq from 1980 […]

HRW: Investigating a Massacre, Iraq Should Address Root Causes

From Human Rights Watch (HRW). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Investigating a Massacre, Iraq Should Address Root Causes On December 31, Iraqi security forces killed 20 people from a single family in a raid on a home in Jableh district in […]

Iraq and Iran sign MoU on Arbitration

By John Lee. Tehran and Baghdad have reportedly signed a memorandum of understanding (MoU) to establish a joint arbitration center. The head of the Federation of Iraqi Chambers of Commerce, Abdul Razzaq al-Zuhairi, is quoted as saying that the MoU can remove the obstacles that hinder cooperation between the two countries. The agreement was finalised […]

Video: Prof. Frank Gunter discusses his New Book on Iraq

From the Iraq Britain Business Council (IBBC): Professor Frank Gunter of Lehigh University gave a webinar on the recently published 2nd edition of his book -- 'The political economy of Iraq, restoring balance in a post-conflict Society' -- interviewed by Lizzie Porter, Senior correspondent at Iraq Oil Report, for the IBBC. In a wide-ranging talk, […]

French Oil Consultancy Wins Iraq Contract

By John Lee. French-based petroleum consultancy Beicip Franlab has signed a deal to provide consultancy services to the Iraqi Oil Ministry's Reservoirs & Fields Development Directorate. The Minister of Oil and President of Iraqi National Oil Company (INOC), Ihsan Abdul-Jabbar Ismail, said that Franlab will give advice that can be used to develop the oil […]

New Glass Factory for Baghdad

By John Lee. The Sulaimanyah-based Royal Can Making Company is reportedly planning to set up a container glass factory in the south of Baghdad. According to Glass International, the new Al Malakeya Glass Company will have a capacity of 1150 tons per day when completed in August 2024. Engineering Procurement and Construction (EPC) management will […]

Genel Energy Rise on Trading Update

Shares in Genel Energy rose by nearly 5 percent on Tuesday morning after the company issued the following trading and operations update in advance of the Company's full-year 2021 results, which are scheduled for release on 15 March 2022. The information contained herein has not been audited and may be subject to further review. Bill […]