Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th Feb 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD951 (+2.7%) / $991 (+2.7%) (weekly change) (+17.2% and +18.6% YTD change, respectively). The number of week traded […]
By John Lee. A new section of Erbil's largest road was reportedly opened on Monday. The five-kilometer stretch of the "120 Meter Road" will alleviate heavy traffic on the Erbil-Pirmam and Erbil-Koya roads, according to a report from Rudaw. The Hemn Group has pledged to finish the next phase of the project near the Kirkuk road […]
Iraq has received the first batch of Russian-made T-90 battle tanks as part of a purchase agreement signed last year, according to an Iraqi Defence Ministry spokesman. “The first batch of Russian tanks arrived on February 15 at Umm Qasr Port - they have since been transported to Baghdad via the city of Basra”. The […]
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 […]
Genel Energy plc has announced that it has received an override payment of $7.05 million from the Kurdistan Regional Government (KRG). The payment represents 4.5% of Tawke gross field revenues for the month of November 2017, as per the terms of the Receivable Settlement Agreement. Taken together with the monthly entitlement payments for Taq Taq […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Tribal disputes flare in southern Iraq over water scarcity Iraqi Prime Minister Haider al-Abadi gave instructions on Feb. 11 to stop the encroachment upon water quotas and increase the […]
By John Lee. The United Nations has advertised new positions in Iraq: Future Forward Project Coordinator, Heartland Alliance for Human Needs A Field Coordinator, Première Urgence Internationale (PUI) Chief of Section, Supply Chain Management, UNAMI Senior Political Affairs Officer, UNAMI Program Manager, Relief International Human Settlements Officer, UN-Habitat - United Nations Human Settlements Programme Female […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Future Forward Project Manager, Heartland Alliance for Human Needs Project Officer (Communications with Communities), IOM - International Organization for Migration A Deputy Head of Mission, Première Urgence Internationale (PUI) A Deputy Health Coordinator in Erbil, Première Urgence Internationale (PUI) MEAL Coordinator, Première […]
Combined Joint Task Force Operation Inherent Resolve and its partners continued to strike Islamic State of Iraq and Syria targets in designated parts of Syria and Iraq between Feb. 9-15, conducting 43 strikes consisting of 63 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Strikes in Syria Yesterday in Syria, coalition military […]
Following the Kuwait International Conference for the Reconstruction of Iraq earlier this week, Iraq has so far received pledges of financing totalling around $30 billion to help with rebuilding the country after the devastating war against the Islamic State group. While this is well short of the $88 billion in funding estimated to be needed, […]
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has said Iraq plans to increase its crude oil production capacity from 5 million bpd at present to 7 million bpd by 2022. According to a report from Reuters, he added that Iraq needs $4 billion for new investments in its downstream oil industry, […]
On Tuesday, the Export-Import Bank of the United States (EXIM) entered into a memorandum of understanding (MOU) with Iraq’s Ministry of Finance aimed at rebuilding Iraq and enhancing trade and economic cooperation between the two countries. EXIM’s Acting Vice Chairman Scott Schloegel signed the MOU today with Iraq’s Deputy Finance Minister Dr. Maher Hammad Johan […]
