By Anne-Laure Barbosa at Constellis Consulting www.constellis-consulting.com Violent incidents sharply increased in their intensity over the reporting period with 453 fatalities recorded nationwide, doubling previous weekly figures. This significant uptick was prompted by a multi-front ISIS assault across the north, with militants attempting to seize cities in Salahuddin province, and succeeding in controlling parts of Mosul, Iraq’s […]
By John Cookson. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Today's audacious jihadist attack on Mosul by Al Qaeda affiliate ISIS must surely be a massive wake up call in Washington that Iraq needs urgent help. Hundreds of jihadists seized key government offices, […]
By John Lee. Iraqi oil exports rose for a second consecutive month in May, according to a report from AFP. Exports of crude oil averaged 2.58 million bpd last month, up from April's 2.50 million bpd, raising $8.68 billion in revenues. All of the shipments were made from southern export terminals, following persistent attacks on […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Entrepreneurs Strike it Rich Reselling Goods on Facebook After the rise in Iraq's per capita income, Iraqi families are now looking for products other than those available in the local market, […]
By John Lee. A team of twelve firefighters from Shell's Majnoon oilfield arrived at the International Safety Training College (ISTC) in Malta this week for an intensive training programme. The group was accompanied by Mr. Bernard Carter, a senior manager at Shel Iraq, who will be observing the training and filming the practical exercises, which utilise […]
By John Lee. Safar Oilfield Services has announced its partnership with United Technical Services (UTS) to provide unique chemical solutions to the vast hydrogen sulfide gas (H2S) challenges faced in Iraq. As the Kurdistan region of Iraq continues to combat the challenging issue of H2S, Safar now offers and supplies H2S Scavengers and provides customers […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th June 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,833 (-0.6%)/ $1,966 (+0.4%) (weekly change). The number of week traded shares was 3.8bn and the weekly trading […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The 1991 and 2003 attacks on Iraq destroyed museums, libraries, theatres and heritage sites. Al Jazeera World is a weekly series of one-hour documentaries showcasing films from across the Al Jazeera Network. This […]
By John Lee. Arabian Business has published a revealing interview with Iraqi Stock Exchange (ISX) chief Taha Abdulsalam al-Rubaye, outlining the incredible challenges the stock exchange has faced since its creation from the old "Baghdad stock exchange" under Iraq's sanctions hit economy of the 1990s. Despite terrifying security challenges, the ISX success has been monumental, but […]
By John Lee. The Italian Industry Ministry has issued a letter to refineries and traders, warning of legal action that may be taken by Iraq's State Oil Marketing Company in the event of purchasing oil from the Kurdish region. At the time of writing, the cargo vessel United Leadership was moored in the Mediterranean, laden with […]
By Ufuk Sanli for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Kurdish administration in northern Iraq and the Baghdad government are at loggerheads over oil exports. The tanker carrying the first cargo of independently exported oil from northern Iraq is crisscrossing […]
By John Lee. Lukoil have announced changes to their contract to work on West Qurna-2, following talks with the Iraqi Minister of Oil Abdul Kareem Luaibi. The new alteration expands the scope of the work to include the Tuba-Fao pipeline, as well as speeding up the process of cost recovery for investors. The Tuba-Fao pipeline […]
