By John Lee. Iraqi courts have recently sentenced several people regarding corruption in office: The Central Criminal Court has issued two judgments six years in prison against Bahaa Alaa Abd and Ali Saleh Hadi, due to the offense of interference of the first person to appoint the second in the position of Director General of […]
Running Dry: water scarcity threatens lives and development in Iraq Nearly 3 out of 5 children in Iraq have no access to safely managed water services and less than half of all schools in the country have access to basic water risking children's health, nutrition, cognitive development, and future livelihoods. The MENA region is reported […]
By John Lee. An Iranian official has said that Iran's natural gas (methane) exports to Iraq have been reduced, but not because of arrears owed by Iraq. Mohammad Reza Julaei , the Dispatching Director of the National Iranian Gas Company (NIGC), told Shana that exports have been reduced by 38 million cubic meters per day; […]
By Bahrooz Jaafar, for the Begin-Sadat Center for Strategic Studies (BESA Center) at Bar-Ilan University. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Water Shortage Crisis in Iraq Thanks to the Tigris and Euphrates rivers, Iraq is one of the richest countries […]
By John Lee. The Kurdistan Regional Government (KRG) has issued a new 77-page guide for investors in the region. It lists opportunities in many sectors of the economy, along with useful data and background information. Click here to download the full report. (Source: KRG)
Iraq Britain Business Council (IBBC) member AA for Global Trading and Commercial Agencies has announced that it has started importing the products of Laboratoires Gilbert of France to Iraq, as per an agreement signed in 2020. Based in France's Normandy region, Laboratoires Gilbert manufactures and markets 30 brands and 1,900 references such as Physiodose, Physiolac, […]
By John Lee. Iraq is said to be interested in buying unmanned aerial vehicles (UAVs), attack helicopters and military hardware from Turkey. Defense Minister Juma Anad Saadoun is quoted as saying that Iraq has already reached agreement with Turkey to purchase Bayraktar TB2 drones, made by Turkey's Baykar Defence. According to Breaking Defense, any decision […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP), a leading independent operator and producer in the Kurdistan Region of Iraq, were trading 12 percent higher today after the company announced its results for the half year ended 30 June 2021. Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "I am pleased to report […]
DNO ASA, the Norwegian oil and gas operator, has completed the private placement of USD 400 million of new five-year senior unsecured bonds with a coupon rate of 7.875 percent. The placement met strong investor demand across international markets and was significantly oversubscribed, leading the Company to upsize the new bond issue from USD 300 […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for August of 94,660,239 barrels, giving an average for the month of 3.054 million barrels per day (bpd), up from the 2.918 million bpd exported in July. The exports from the oilfields in central and southern Iraq amounted to approximately 91,655,930 barrels, while […]
By John Lee. The Kurdistan Regional Government has said it is working on addressing the rising costs of bread and other basic commodities. In a statement, it said that the relevant ministries and administrative authorities will aim to assist bakeries in the near term, and address the reliance on imported flour in the long term […]
By Hassan Ali Ahmed, for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Muqtada al-Sadr reverses decision to stay out of Iraqi elections After his withdrawal from October elections due to public anger against the ministers of health and electricity - […]
