By Simon Kent. Two days after the beginning of Iraq's entry into the Eurobond market, in which the country hopes to raise up to $6 billion, Iraq has announced it is seeking a $500 million loan from the Jeddah based Islamic Development Bank (IDB.) However, according to a source in the Iraqi govt. the sum […]
By Simon Kent. G4S Risk Management has announced that it has won a new contract to provide security services to Basra Gas Company (BGC) for three years commencing January 2016 with a total contract value of $187 million. The exercise of a two-year extension option would bring the total value to $270 million. BGC operates […]
By Simon Kent. The US Department of Defence has announced that a further 18 air strikes have hit ISIS in Iraq in the past 24 hrs. While it is hard to assess the significance of the recent strikes in the wider campaign, a couple of the announced aerial attacks stand out, possibly indicative of the […]
By Simon Kent. Business intelligence and market survey company Reportbuyer have released an overview of Iraq's growing healthcare sector, focusing on surgical procedures and related appliances. The report profiles the major industry players involved in Iraq's health sector, noting, "Despite experiencing frequent insurgency attacks and unrest, Iraq is emerging as an economic player and a regional powerhouse. […]
By Simon Kent. Iraq's Prime Minister Haider al Abadi (pictured) has announced plans to dismiss 123 senior officials in government ministries, and appoint temporary replacements before deciding on the fate of the roles. The move follows the dismissal of a third of his cabinet, the merging of some ministries and the abolishment of the deputy PM […]
By Simon Kent. ISIS have launched two suicide attacks in Anbar province, killing 13 Iraqi army soldiers and allied Sunni tribesmen, Fox News reports, citing anonymous Iraqi military sources. The attack was launched on an outpost near Ramadi and appears typical of ISIS' efforts to hinder progress re-taking the city, which has been encircled by Sunni tribal […]
By Simon Kent. The Iraq Britain Business Council (IBBC) have announced that they will be offering expert advice on Iraq’s marketplace and how UK businesses can get involved on 21 October 2015 at the London Chamber of Commerce and Industry (LCCI). Companies are welcome to register for 20 minute appointments by contacting LCCI at [email protected] […]
KRG continues direct oil export despite sabotage attempt on pipeline In August, direct oil export from Kurdistan Region continued despite sabotage and attempted theft on the export pipeline inside Turkey borders, which occurred on 27 July and extended to the first week of August. According to the Kurdistan Regional Government, KRG, Ministry of Natural Resources […]
By John Lee. Iranian Economy Minister Ali Tayyebnia said that trade between Iran and Iraq is currently estimated at $12 billion when transit and tourism are taken into account, and that Tehran and Baghdad expect to increase the figure to $20 billion in the near future. The statement followed a meeting with Iraqi Finance Minister […]
As the security environment in Iraq remains complex and challenging, Security Sector Reform (SSR) is a prerequisite for both long-term stability and peace. The United Nations Development Programme (UNDP) has been engaged with the Office of the National Security Adviser (ONSA), through its Support to Security Sector Reform Phase I, to develop a National Security […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. France is hosting a conference to discuss ways of protecting religious minorities in the Middle East. The UN called for the meeting out of concern for those being persecuted by armed groups, mainly […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. ISIL has long identified Haditha as a target. The armed group has been attacking the city for over 18 months but tribal fighters and Iraqi security forces have fought back with the help […]
