By John Lee. Egypt has reportedly received two million barrels of oil from Iraq today. The shipment was the first consignment from a deal reached between the countries in April, under which Iraq will supply 12 million barrels of oil annually to Egypt. (Source: Prensa Latina) (Pictured: Egyptian Petroleum Minister, Tareq al-Mulla)
By John Lee. UK-based engineering firm Pell Frischmann has reportedly completed the design of a $700-million water infrastructure rehabilitation project in Iraq. According to a report from TradeArabia, the Water Supply Sector Loan Project involves refurbishing aging facilities and building new infrastructure to support the public health of residents in the Ninewa, Anbar and Salah […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 28 strikes consisting of 91 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 […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 38 banks and 11 remittance companies took part in its currency auction on Tuesday. A total of $ 169,606,710 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. WesternZagros Resources has announced that it has entered into a definitive agreement with Crest Energy International LLC and its wholly owned affiliate WZG Acquisition Ltd. ("Crest AcquireCo") to take the company private. Crest is an affiliate of Crest Investment Company, a Houston, Texas-based principal investment company. Under the deal, Crest AcquireCo will […]
By John Lee. Prime Minister Haider Al-Abadi received the Executive Chairman of the Iraq Britain Business Council (IBBC), Baroness Emma Nicholson, at his office on Sunday. During the meeting, they discussed strengthening relations between Iraq and Britain, and increasing cooperation in all fields, especially economic, ensuring that the doors of investment are open to international […]
The Iraqi Children Foundation (ICF) will host its 5th Annual “In Their Shoes” 5K run/walk on May 20, 2017 at the US Patent and Trademark Office in Alexandria, Virginia. The 5K will benefit Iraq’s most vulnerable: orphans, street children, and kids displaced by ISIS. ISIS violence in Iraq has displaced more than 1 million children, […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 11th May 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD890 (-1.8%) / $917 (-1.8%) (weekly change) (-7.2% and +3.2% YTD change, respectively). The number of week traded […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 23 strikes consisting of 84 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 […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 37 banks and 11 remittance companies took part in its currency auction on Monday. A total of $ 152,394,917 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
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 […]
The Korean Ministry of Foreign Affairs has decided to include new projects in Iraq, which have been banned due to the worsening situation in Iraq since ISIL captured Mosul in 2014, in the list of cases to be considered for exceptional permission for use of passports. Since ISIL seized Mosul in June 2014, the Passport […]
