From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Many ask why oil-rich Iraq needed to make Kuwait energy deal Iraq's government has signed a deal with Kuwait in a bid to alleviate its energy crisis after the lack of kerosene and […]
By John Lee. Italy's Saipem has been awarded a contract by ExxonMobil Iraq Limited for the DS6 project for the debottlenecking of the West Qurna field, in the south east of Iraq. Debottlenecking is a process that optimises a plant in order to increase its overall capacity. The works will have a duration of 23 […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th July 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD792 (+15.1%) / $849 (+15.1%) (weekly change) (-2.4% and -1.6% YTD change, respectively). The number of week traded […]
By John Lee. The National Investment Commission (NIC) has announced new investment opportunities in Iraq: Sugar production, General Company for Food Products Tyre production, State Company for Rubber Industries and Tyres (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
KRG Prime Minister Nechirvan Barzani received a delegation from the Kingdom of Saudi Arabia including President of the Chambers of Commerce of Saudi Arabia Dr. Sami bin Abdullah Al-Obaidi, Saudi Ambassador to Iraq Abdulaziz al-Shammari, Saudi Consul General to the Kurdistan Region Mansour Faisal al-Otaibi and a number of officials and members of Saudi Chambers […]
The coalition and its partnered forces in Iraq and Syria continue to make progress in the effort to defeat the Islamic State of Iraq and Syria, the coalition’s senior French representative has said. Brig. Gen. Frederic Parisot of the French air force, the director of civil-military operations for Combined Joint Task Force Operation Inherent Resolve, […]
By John Lee. Prime Minister Dr. Haider Al-Abadi has directed an additional 800 billion dinars ($669 million) to Iraq's housing fund. According to a statement from the Prime Minister's office, the directive "came in the interest of providing housing loans to citizens, which is estimated at about 25 thousand new housing loan, which in turn […]
Kuwait has donated 17 mobile electric generators with a total capacity of 30,000 kilowatts to Iraq, the Undersecretary of the Kuwaiti Ministry of Electricity and Water, Mohammed Bushehri has announced. In a press statement, Bushehri said the donation came “to alleviate the electricity crisis in the Iraqi city of Basra”. “In the light of the […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Iraqi National Security Service has admitted to holding hundreds of people suspected of terrorism for months. According to Human Rights Watch, the agency has been keeping them at a facility east of […]
By John Lee. The Trade Bank of Iraq (TBI) has announced that it will open a branch in Saudi Arabia. Faisal Al Haimus, Chairman of TBI said: “This important addition to our bank accomplishments shall strengthen trading and banking relationships between the two countries." (Source: TBI)
By John Lee. Iraq’s Ministry of Oil has announced final oil exports for June of 105,640,161 barrels, giving an average for the month of 3.521 million barrels per day (bpd), an increase from the 3.490 bpd exported in May. These exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan. Revenues for […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Dashty Ali. Dealing With The Iraqi River Where Sewage And Drinking Water Mix Every day litres of waste water and even sewage end up in the rivers and lakes, […]
