By John Lee. Iraq's Oil Minister, Ihsan Ismaael [Ahsan Abdul-Jabbar Ismail], will reportedly become the head of a recently-revived Iraq National Oil Company (INOC). Mr Ismael was previously the director general of the state-run Basra Oil Company (BOC); he joined the cabinet of Prime Minister Mustafa Al Kadhimi in June. More here. (Source: The National)
By John Lee. On Wednesday 16 September, NATO Secretary General Jens Stoltenberg met with the Foreign Minister of Iraq Mr. Fuad Mohammad Hussein, at NATO Headquarters in Brussels. The Secretary General shared his deepest sympathies for those affected by the COVID-19 pandemic and reaffirmed NATO Allies' commitment to continue supporting Iraq in responding to this […]
By John Lee. The Chairman of the state-owned Trade Bank of Iraq (TBI) has been chosen as the new head of the Iraq Securities Commission (ISC). Faisal Al-Haimus (pictured) will take over from Dr. Alaa Abdulhussein Al-Saeidi as Chairman of the regulator. Grant Felgenhauer, Managing Partner at Euphrates Advisors, an investor on the Iraq Stock […]
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Construction of a Hospital Construction of a Fuel Station (Source: National Investment Commission)
Iraq is heavily reliant on oil, as oil revenues have been the spine of the economy and the main contributor to exports and remain so even with the halt of oil prices and market demand. This led to neglecting the opportunities that lie in other sectors that could diversify and support the economy. Agriculture is […]
By John Lee. Jordan's Capital Bank has said that it has signed a letter of intent to acquire assets and liabilities of Lebanon's Bank Audi. It's Chairman told Reuters that the bank has already begun due diligence on buying Bank Audi's Iraqi units. Click here to see the stock market annoucement. Click here to read […]
Genel Energy has published its first comprehensive Sustainability Report, prepared in accordance with the Global Reporting Initiative ('GRI') Standards core option. Bill Higgs, Chief Executive of Genel, said: "Genel has had a longstanding commitment to positively impact the communities in which we operate. This has focused on three core areas - economic development, education, and […]
From the Iraqi Children Foundation (ICF). Dear ICF friends, Our annual "In Their Shoes" 5K race weekend in Washington DC draws dignitaries, diplomats, veterans and business-people, families, and the media. This year we are doing things a little differently, and you can join us online for our first INTERNATIONAL VIRTUAL EVENT. Run, walk, bike or swim to help us meet […]
DNO ASA, the Norwegian oil and gas operator, today announced that the USD 110 million Peshkabir Gas Capture and Injection Project in its Tawke license in the Kurdistan region of Iraq is onstream and has reached the one billion cubic feet of gas injection milestone. The project is expected to reduce annual emissions from the […]
By Antonino Occhiuto, for the Italian Institute for International Political Studies (ISPI). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. What Can Iraq Gain from Kuwait and Saudi Arabia At first glance, managing and developing ties with Iraq's neighbours seems to be only one […]
By John Lee. Genel Energy has engaged Pareto Securities to organise a roadshow with international credit investors. The Company may, subject to market conditions and acceptable terms on the new issue, raise a new five-year bond of up to $300 million to replace the Company's existing bond maturing in December 2022. Genel had cash in […]
By Shelly Kittleson, for the Italian Institute for International Political Studies (ISPI). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Future of International Security Assistance in Iraq Almost three years after Iraq declared victory against the so-called Islamic State (IS), whether and to […]
