Archive | 2018

New Career Opportunities in Iraqi Kurdistan

By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Livelihoods Coordinator, Danish Refugee Council (DRC) Supply Chain Assistant (Procurement), Danish Refugee Council (DRC) Driver, Danish Refugee Council (DRC) Project Coordinator, Danish Refugee Council (DRC) Administrative Associate, UNDP - United Nations Development Programme Field Security National Officer, WFP - World Food Programme […]

Trade Bank in talks to Buy a Gulf Lender

By John Lee. The state-owned Trade Bank of Iraq (TBI) is reported to be in talks to buy a Gulf bank with branches in the United Arab Emirates (UAE) and Qatar. Chairman Faisal al-Haimus told Reuters that talks are underway and the purchase is expected to be completed in six to eight months. The name […]

Oil Exports Revenues Rise in September

By John Lee. Iraq’s Ministry of Oil has announced interim oil exports for September of 106,795,022 barrels, giving an average for the month of 3.560 million barrels per day (bpd), a slight decrease from the 3.583 bpd exported in August. These exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan. […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th October 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD676 (-3.5%) / $722 (-3.5%) (weekly change) (-16.7% and -13.6% YTD change, respectively). The number of week traded […]

Iraq: Secret Detention, No Recourse

Iraqi military and security forces have disappeared dozens of mostly Sunni Arab males since 2014, including children as young as 9, often in the context of counterterrorism operations, Human Rights Watch said in a report released today. The 78-page report, “‘Life Without a Father is Meaningless’: Arbitrary Arrests and Enforced Disappearances in Iraq 2014-2017,” draws […]

Adel Abdul Mahdi named as Prime Minister

By John Lee. Former Oil Minister Adel Abdul Mahdi has been named as Iraq's Prime Minister-designate, ending months of deadlock. Described by BBC News as "a veteran Shia Islamist politician", Mahdi now has 30 days to form a cabinet and present it to parliament for approval. The French-educated economist is the nominee of the two […]

Video: Parliament elects Barham Salih as New President

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's newly elected president has chosen his prime minister and asked him to form the next government. The new president, Barham Salih, gave the nod to former oil minister Adel Abdul Mahdi. Hopefully, […]

Torino Power explores Opportunities in Iraq

By John Lee. Canada's Torino Power Solutions Inc. has announced that it has been working with a U.K. based engineering firm that has existing business and projects in the Iraqi market. Torino was approached regarding its Power Line Monitoring (PLM) temperature sensors and in the last few months, the UK engineering firm has introduced the […]

2019 Iraqi Young Leaders Exchange Programs (IYLEP)

The U.S. Embassy in Baghdad is pleased to announce that applications are currently being accepted for the 2019 Iraqi Young Leaders Exchange Program (IYLEP). IYLEP is the U.S. Government’s premier youth exchange program in Iraq, providing Iraqi students the opportunity to live in U.S. communities for four weeks in the summer. Students sharpen their leadership […]

New Helpline for GBV Survivors

Survivors of Gender-Based Violence (GBV) in the Kurdistan Region of Iraq (KRI) can now dial “119” to receive support, counselling, and referrals to community-based services and resources in the region. On 26 September, UNFPA and the General Directorate for Combatting Violence Against Women (GDCVAW) in KRI launched the first helpline for gender-based violence survivors. The […]

Ground-breaking Ceremony for Erbil Ring Road

Prime Minister Nechirvan Barzani attended the ground-breaking ceremony of the 150-meter ring road project of the city of Erbil. In a speech during the ceremony, Prime Minister Barzani said: “The 150-metre road project is one of many projects which were prepared for implementation by the Kurdistan Regional Government. If it had not been for hardships […]

Lawsuit Imperils Formation of Iraq National Oil Company

A coalition of Iraqi oil technocrats has filed a legal challenge against a law to re-establish the Iraq National Oil Company (INOC), which is likely to delay - if not derail - a major restructuring of the country's oil sector. Under the law, which took effect in April, the government has a six-month window to […]