Archive | 2018

Understanding the Drivers of Conflict in Iraq

By Toby Dodge, Zeynep Kaya, Kyra Luchtenberg, Sarah Mathieu-Comtois, Bahra Saleh, Christine M. van den Toorn, Andrea Turpin-King and Jessica Watkins. It has now been over a year since the liberation of Mosul by Iraqi government forces in July 2017. This victory marks a new stage in the violent conflict that has destabilised Iraq since […]

Iraqi Border City eyes IS Advance amid Dust Storms

By Shelly Kittleson for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Severe dust storms have facilitated advances by the Islamic State (IS) in eastern Syria near the Iraqi border in recent days, putting the largest Iraqi city alongside it at risk. Otherworldly […]

DynCorp to provide Aviation Field Maintenance Services

DynCorp International LLC, Fort Worth, Texas, has been awarded an $18,153,589 modification (P00199) to contract W58RGZ-13-C-0040 for aviation field maintenance services. Work will be performed in Afghanistan, Iraq and Germany, with an estimated completion date of Dec. 31, 2018. (Source: US Dept of Defense)

Korean Support helps Stabilize Newly Liberated Areas

The Government of the Republic of Korea and the United Nations Development Programme (UNDP) signed partnership agreement today for USD 5M million to support stabilization and recovery in newly liberated areas in Iraq. Korea’s contribution will be channelled through UNDP’s Funding Facility for Stabilization (FFS) which finances fast-track initiatives in areas retaken from ISIL. This […]

Women Wrestlers take on Tradition in South Iraq

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Flipping, spinning and pinning each other on the mat, women on Iraq's first female wrestling squad wrangle in the ring but they also grapple with reactions taking on a sport largely reserved for men […]

GardaWorld Weekly Security Report

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 […]

Oil Exports Revenues Rise in October

By John Lee. Iraq’s Ministry of Oil has announced interim oil exports for October of 107,530,008 barrels, giving an average for the month of 3.469 million barrels per day (bpd), a slight decrease from the 3.560 bpd exported in September. These exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan. […]

New Prime Minister Inherits a Better Country

Iraqis are desperate to reboot their creaking democracy. Nearly every government since the fall of Saddam Hussein in 2003 has proven corrupt, incompetent or dysfunctional. Their new prime minister, Adel Abdul-Mahdi, hardly seems like a change. The 76-year-old former finance and oil minister belongs to the old elite, whose fathers were ministers when Iraq was […]

New Iraqi Govt announces Main Priorities

Prime Minister Adil Abd Al-Mahdi presented to Iraq’s parliament the new Government of Iraq’s programme for 2018-2022. The programme outlines practical plans for transitioning Iraq from a crisis context to sustainable development across all sectors, and sets out a framework to guide the planning and work of each ministry. It specifies timetables, sets out key […]

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Can US Aid Help Iraq’s Minorities?

By Saad Salloum for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. To what extent can US aid help Iraq’s minorities? Iraqi minorities have warmly welcomed the Oct. 16 announcement by the US State Department that it would be providing $178 million in additional aid […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st November 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD662 (+2.2%) / $709 (+2.2%) (weekly change) (-18.3% and -15.1% YTD change, respectively). The number of week traded […]

"Peshkabir is on Steroids" - DNO Boss

DNO ASA, the Norwegian oil and gas operator, today announced a rise in third quarter 2018 net profit to USD 63 million from operating revenue of USD 171 million on the back of solid production, regular export payments and higher oil prices. Operated production averaged 117,600 barrels of oil equivalent per day (boepd) during the […]