By Padraig O'Hannelly. The year just gone by has seen many changes in Iraq, including the successful routing of the so-called Islamic State (IS, ISIS, ISIL, Daesh), the holding of a controversial vote on Kurdish independence, and a long-awaited improvement in relations with Saudi Arabia. The latter part of the year also saw a steady […]
By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The market continued to build on the November recovery, up +3.0% for the month, with locals picking up the buying interest from foreigners, whose […]
By John Lee. Qatar Petroleum (QP) has confirmed that it plans to invest in Iraq’s upstream oil businesses. President and CEO Saad Sherida Al Kaabi (pictured) told reporters: “I have met personally with the Iraq’s Oil Minister (Jabar Al Luaibi) and have conveyed my interest in investing Iraq’s upstream business, and he welcomed that. “Iraq […]
US-based Jacobs has signed a Memorandum of Understanding (MOU) with the Iraq Oil Company to explore mutual benefits of cooperation in the region of Basra, Iraq. The vast majority of Iraqi oil production takes place in Basra. Iraq Oil Company is looking for business partners based in the Kingdom of Saudi Arabia to support economic […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for December of 109,573,817 barrels, giving an average for the month of 3.535 million barrels per day (bpd), an increase from the 3.502 bpd exported in November. The exports were entirely from the southern terminals, with no exports from Kirkuk via Ceyhan. Revenues for the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report: Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended last week at IQD811 (+0.2%) / $836 (+0.2%) (weekly change) (-15.5% and -11.8% YTD change, respectively). The number of week traded shares was 17.0bn and the […]
The first group of Iraqi Border Guard Force members graduated today from a 12-day program conducted by members of the Combined Joint Task Force Operation Inherent Resolve in Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported today. The coalition works by, with and through its Iraqi partners to ensure the lasting defeat of […]
A total of 69 Iraqi civilians (not including police) were killed and another 142 injured in acts of terrorism, violence and armed conflict in Iraq in December 2017*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). (This compares with 63 civilians killed and 140 injured in November.) Baghdad was […]
Iran’s two border crossings with Iraqi Kurdistan region have resumed their operations following an announcement by the Supreme National Security Council (SNSC), the director general of the Interior Ministry’s border affairs department said. Shahriar Heidari said that according to the interior minister, the Parviz Khan border crossing in Iran's Kermanshah province and the Haj Omran […]
