By John Lee. Zain Iraq's 9M 2020 revenue reached USD 708 million and EBITDA amounted to USD 285 million, reflecting EBITDA margin of 40%, according to the company's results statement for the first nine months of the year. The operation reported a net profit of USD 61 million for 9M 2020. The operator served 15.7 […]
Genel Energy has issued the following trading and operations update in respect of the third quarter and first nine months of 2020. Bill Higgs (pictured), Chief Executive of Genel, said: "Genel continues to demonstrate its resilience and ability to be move quickly to navigate changing external conditions. Production has remained robust, increasing quarter on quarter, […]
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi parliament votes on final version of electoral law The Iraqi parliament managed to overcome the hurdle of constituencies impeding the legislative elections law, passing the final version Oct. 29 amid […]
A new online single window system for business registration in Iraq is supporting an entrepreneurial environment during COVID-19. Opening a business in Baghdad has never been easier. All that is needed is one dream, one form and one payment to complete the administrative side of establishing operations. Budding entrepreneurs can reserve a name, register, and […]
The Prime Minister of Iraq, Mustafa Al-Kadhimi, and Iraqi Oil Minister Ihsan Abdul Jabbar Ismail, received a delegation from LUKOIL on Monday, headed by its President Vagit Alekperov (pictured). The meeting was also attended by the Russian Ambassador Maxim Maximov. The parties discussed the progress of the West Qurna-2 project and Eridu field (Block-10), as […]
By John Lee. Iraq's Ministry of Oil has announced initial oil exports for October of 89,153,899 barrels, giving an average for the month of 2.876 million barrels per day (bpd), up from the 2.613 million bpd exported in September. These exports from the oilfields in central and southern Iraq amounted to approximately 86,000,000 barrels, while […]
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Demands for payment from tribes, militias stalling investment in Iraq Economic projects in Iraq are facing major setbacks due to ongoing payment demands from tribes and armed groups. Click […]
The Iraqi Cabinet has authorised the Minister of Water Resources to negotiate and sign a protocol of cooperation between Iraq and Turkey on the management of the water resources of the Tigris River. According to the UN, intake from the Tigris and the Euphrates rivers - Iraq's primary sources of water - is decreasing at […]
From the Iraq Britain Business Council (IBBC). Why IBBC Autumn conference will be different and full of promise: Opportunity in Adversity To be honest, the idea of holding a conference in the year of COVID, might look fool hardy, but sometimes you have to face down challenges and move forward, just like the Government of […]
AIRSADA, the private jet charter company based in Istanbul, has announced new direct flights from Basra International Airport. Flying directly to airports around the world, including cities such as London, Paris, Milan, Moscow, and Quanzhou, the new service promises to help make private jet travel more accessible for Iraqi and international clients. Commenting on the […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. UN project hopes to preserve Iraq's marshlands The Italian-based humanitarian organization Un Ponte Per (UPP) on July 15 launched an ambitious two-year project in southern Iraq, funded by the […]
By Joe Snell for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Ex-Ninevah governor arrested as Iraqi government reins in corruption Iraq's anti-corruption commission announced last week that it had arrested the former governor of Nineveh province, Nawfel Akoub, who was […]
