Archive | 2017

How Iraqi Entrepreneurs can Raise Startup Money Without a Loan

By Hal Miran, Editor-in-Chief, Bite.Tech. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. How Iraqi Entrepreneurs can Raise Startup Money Without a Loan Raising money for your business is always a challenge. Every startup must prepare and plan in detail how they intend to raise […]

Dual Nationality allows Iraqi Officials to Escape Abroad

By Rabih Nader for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Lebanese authorities arrested a former Iraqi minister who was wanted by Interpol at the airport in Beirut Sept. 8. The identity of the minister has not been released yet, but Lebanese […]

Strikes Continue in Syria, Iraq Against ISIS Terrorists

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 41 strikes consisting of 50 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition […]

ManTech Wins $45m Logistics Contract

By John Lee. ManTech Advanced Systems International has been awarded a $44,915,177 contract for logistics sustainment and support for the Mine Resistant Ambush family of vehicles in Iraq and Egypt. Work will be performed in Afghanistan, Egypt, Horn of Africa, Iraq, Kuwait, and various other locations inside and outside the continental U.S., with an estimated […]

Omani firm targets Rock Exports to Iraq

By John Lee. Al Fajar Al Alamia, an Omani firm listed on the Muscat bourse, has said that port facilities in the northern part of Oman must be improved in order to handle the high volumes of rock products required in Iraq, Qatar and Bangladesh. Company chairman Saleem bin Qassim bin Ahmed Al Zawawi said: […]

Ex-Iraqi Minister arrested in Beirut

Lebanese security services arrested have reportedly arrested the former Iraqi trade minister, Abdul-Fallah al-Sudani [Abd al-Falah al-Sudani], who is convicted of corruption. Sudani, who is wanted by Interpol, was arrested in Beirut Rafic Hariri International Airport (pictured) on 10th September. In 2012, Sudani was convicted of embezzlement in absentia and sentenced to seven years in […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th Sept 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD783 (+0.3%) / $803 (-0.1%) (weekly change) (-18.6% and -15.1% YTD change, respectively). The number of week traded […]

SOMO Boss to be Replaced

By John Lee. Iraq has replaced the head of its State Oil Marketing Organization (SOMO). Falah al-Amri [Falah Jasim Alamri, Falah al-Amiri], who has been in the top job at SOMO since March 2006, is to become an advisor on marketing and strategy at the Oil Ministry. He is to be replaced at SOMO by […]

Japanese Loan Boosts Output at Hartha Power Station

Unit No.4 of the Hartha Thermal Power Station has re-started operations and is supplying 200MW of electricity to the grid, following rehabilitation works funded with the Japanese ODA loan. A completion ceremony was held on 7th September, attended by Mr. Adel Kadhim Jaryan, Deputy Minister of Electricity, Representatives of Basra Governorate, officials of Ministry of […]