The Al-Bayan Center for Planning and Studies has just published a new report by Hayder al-Khafaji on electricity generation in Iraq: Meeting energy needs in a manner that achieves security for Iraq has become a major source of concern for the electricity sector in the country; with the industry claiming that it lacks the capacity to […]
After five months of political uncertainty, Iraq finally has a new prime minister. On October 3, Iraq’s newly named president, Barham Salih, picked Adel Abdul Mahdi, an independent Shia politician, to be the next prime minister and form a government. The appointment of Mahdi may have provided an opportunity to calm the protests that have […]
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 […]
By John Lee. Iran's private banks have reportedly laid the groundwork for setting up a joint bank with their counterparts in Iraq. Yahya Al-e Es'haq [Yahya Ale-Ishaq] (pictured), head of Iran-Iraq Chamber of Commerce, is quoted as saying that the bank would operate under the regulations of central banks of the two countries to facilitate […]
The Federal Republic of Germany, UNDP’s Iraq Crisis Response and Resilience Programme (ICRRP), along with the administrative authorities of Halabja and Sulaimaniyah Governorates and Garmiyan and Raparin Administrations today initiated 12 projects to improve essential services for an estimated 680,000 people. The projects target critical needs in the electricity, water, roads, and sewerage sectors and […]
By John Lee. Turkey has announced that it will increase water supplies to Iraq to compensate for a drop in supply from Iran. According to Abu Dhabi-based The National, Iran has said it will cut water supplies to Iraq to prioritise projects within Iran. Turkey depends on water from the Tigris to fill a reservoir […]
By John Lee. Russia's Lukoil will start production at Block 10 in 2021, according to a report from Platts. The Chinese company Bohai has started to drill the 4th well at the block in southern Iraq. In February 2017 Lukoil announced Iraq's largest discovery of oil for twenty years at the Eridu field in Block 10, […]
By John Lee. The Central Bank of Iraq (CBI) has released a series of new banknote designs, which will enter circulation next week. According to a report from Rudaw, the notes are intended to modernise the currency and better reflect the nation’s heritage and diversity. It adds that the CBI does not plan to recall […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 11th October 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD660 (-2.4%) / $705 (-2.4%) (weekly change) (-18.7% and -15.7% YTD change, respectively). The number of week traded […]
The World Bank Group, the Government of Iraq, and the Government of Canada launched today a US$1.95 million grant to support Iraq’s efforts to strengthen systems and deliver programs to empower women economically and politically. The “Gender and Social Protection in Iraq: Towards Economic Empowerment” program consists of two complementary components: the first component will […]
By John Lee. The Basra Oil Company (BOC) reportedly plans to increase production from 3.2 to 5 million barrels per day over the next seven years. According to Platts, BOC directror Ihsan Ismaael told the CWC Basra conference in Istanbul that the increased production would be sustained for at least 20 years after that. Among […]
Iraq's Cabinet has named Jabbar al-Luiebi, the current oil minister, to head the new Iraqi National Oil Company (INOC) - giving new momentum to a fundamental restructuring of the country's oil sector. "Yes, he is the president of the Iraqi National Oil Company," said Oil Ministry Spokesperson Assem Jihad, in an interview with Iraq Oil […]
