UK Export Finance (UKEF) will support a €30.2 million contract for the refurbishment of Al Mussaib power station in southern Iraq, the UK government has announced. The support will enable the rehabilitation of a 320 megawatt (MW) turbine, that will help improve the overall efficiency and output at the power station. Al Mussaib power station, […]
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. Baghdad defends advantages of Iraq-Jordan agreement from critics Iraqi Prime Minister Adel Abdul Mahdi and his Jordanian counterpart, Omar al-Razza, signed 14 economic agreements Feb. 2 between the two countries, during […]
By John Lee. The Iraq Britain Business Council (IBBC) has announced that Tratos Group has become its latest member. The Anglo-Italian company makes electrical, electronic and fibre optic cables for a wide variety of applications. (Source: IBBC)
Euphrates Advisors LLC and AUIS announce establishment of Euphrates Fund Scholarship Euphrates Advisors LLC and American University of Iraq, Sulaimani (AUIS) announced today the establishment of the Euphrates Fund Scholarship (EFS), a generous grant that will cover the tuition of one University student each year. Euphrates Advisors is an investment firm that manages the Euphrates […]
Iraqi authorities in Nineveh are harassing, threatening, and arresting aid workers, even bringing bogus terrorism charges against them, undermining their work, Human Rights Watch said today. In some cases, local authorities are also compelling organizations to stop providing services to families the authorities accuse of ISIS ties. “As if the their working conditions aren’t difficult […]
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 […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st February 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD605 (-3.7%) / $650 (-3.7%) (weekly change) (-8.3% and -8.5% YTD change, respectively). The number of week traded […]
GE Power has announced that it has provided an advanced 9E gas turbine to Iraq's Al Qudus Power Plant. The company will also service up to seven GE 9E gas turbines at the facility throughout 2019, including maintenance, supply of parts and rehabilitation. GE is installing the new gas turbine at the site and it […]
Parallel Wireless has announced that Kalimat Telecom, a subsidiary of Kuwait's Trade Links, has selected Parallel Wireless to build out their mobile broadband network in Iraq. According to the GSMA Mobile Economy: Middle East and North Africa 2018 report, Iraq has only a 52% wireless Internet penetration rate, presenting a great opportunity for telecom service […]
The United Nations Mine Action Service (UNMAS) in Iraq has welcomed an additional contribution of AUD 2 million (approximately USD 1.5 million) from the Government of Australia to further enable stabilization and humanitarian efforts through explosive hazards management in liberated areas of Iraq. This brings the current three-year contribution from Australia to a total of […]
The EU has announced an additional €30 million in humanitarian assistance. Another €20 million in development funding will contribute to the reconstruction of the country's cultural heritage, as well as the creation of jobs and opportunities for vulnerable youth. The announcement was made by Commissioner for Humanitarian Aid and Crisis Management Christos Stylianides (pictured), on […]
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. Economic treaty between Iraq, Jordan stirs Iraqis' discontent Iraqi Prime Minister Adel Abdul Mahdi and his Jordanian counterpart, Omar al-Razza, signed 14 economic agreements Feb. 2 between the two countries, […]
