GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st June 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD841 (-3.1%) / $870 (-2.7%) (weekly change) (-12.3% and -8.1% YTD change, respectively). The number of week traded […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Saturday, conducting 32 strikes consisting of 65 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 36 banks and 10 remittance companies took part in its currency auction on Monday. A total of $157,268,429 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
The Head of the Parliamentary Finance Committee, Mohammed al-Halboussi, has reportedly requested that the Iraqi government expedite the approval of the protection and security contract for the International Highway between Iraq and Jordan and allow the re-opening of the border-crossing between the two countries. Halboussi stated that the project was considered an exceptional one, which […]
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Jabbar al-Luaibi, Minister of Oil of the Republic of Iraq, took place in St. Petersburg today. The parties discussed the Badra project, which is implemented in Iraq by Gazprom Neft. Currently, the Badra field produces as much as 77,000 barrels of oil per day. Gazprom Neft continues to […]
By Mustafa Saadoun for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. As the Popular Mobilization Units (PMU) continue their operations in the western areas of Mosul, some PMU factions reached the Syrian border May 29 and were met by Syrian […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Fallujah’s Devastated Industrial Zone to Re-Open – With Conditions Extremists took over Fallujah’s major industrial zone to make bombs. Now the all-important business area is to re-open – but under […]
By John Lee. A delegation headed by the KRG's Prime Minister Nechirvan Barzani met the board of Rosneft, including CEO Igor Sechin, in St. Petersburg on Thursday. The meeting is said to have centred around cooperation between the KRG and Rosneft in the Kurdish energy sector. In February, the KRG negotiated a deal with Rosneft […]
Dr Fouad Kadhim Shati Al Musawi, Deputy Minister, Iraq's Ministry of Higher Education and Science and Technology, and Mr Dazhu Yang, International Atomic Energy Agency (IAEA) Deputy Director General and Head of the Department of Technical Cooperation, have signed Iraq’s Country Programme Framework (CPF) for the period of 2018–2023 on 1 June 2017. The ceremony […]
By John Lee. KRG Prime Minister Nechirvan Barzani and his accompanying delegation have met with the head of Gazprom Neft, Alexander Dukov, in St Petersburg. Dukov briefed the Prime Minister about the company's work and activites of the region, while Barzani thanked him for his support for the region in difficult times. (Source: KRG)
Genel Energy announced on Friday that Ben Monaghan (pictured), Chief Financial Officer, has advised the Board of his intention to leave the company on 30 June 2017. The company said a search for a suitable replacement is ongoing and an announcement will be made in due course. Murat Ozgul, CEO of Genel, said: "Ben has […]
