By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Clashes rock Baghdad's Green Zone as Iraqi parliament re-elects speaker Iraqi parliament re-elected Mohammed al-Halbusi as parliament speaker amid protests and rockets in the Green Zone. Click here to read the […]
By John Lee. The Minister of Oil has announced the commencement of crude oil supplies to Karbala refinery for the start of its trial operation. Ihsan Abdul-Jabbar Ismail said that the refinery has a capacity of 140,000 barrels per day (bpd) and will help partially in meeting local needs and reducing imports of refined fuel. […]
By John Lee. Representatives of the French company Alstom have met with the Secretary-General of the Council of Ministers, Dr. Hamid Naim Al-Ghazi, to discuss the progress of the Baghdad Elevated Train (BET) monorail project. Dr. Al-Ghazi said the cabinet is studying the issue of financing the project, in coordination with the Ministries of Finance […]
By Safwan Al-Amin and Bilal Wahab for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Constitutional Moment? Although the country currently lacks the unity and rule of law needed to safely pursue a process as fraught […]
With the help of generous donors, the AMAR International Charitable Foundation has constructed and partly equipped a brand new charitable Paediatric / Maternity / Womens Hospital in Basra. The hospital will serve over 100,000 living in Shatt Al-Arab, an area near Basra under-served by existing medical services. There are more than 22,000 women in the […]
By John Lee. Qatari mobile telecoms group Ooredoo is planning to sell its portfolio of transmission towers, which includes those owned by its Iraqi subsidiary Asiacell. Media sources suggest that this will be done on a sale-and-leaseback basis, and that the portfolio may be split by country. According to Reuters, Morgan Stanley is advising on […]
By John Lee. Petrel Resources has said that Iraq's Ministry of Oil should negotiate Production Sharing Agreements to replace the existing service contracts, as, "this would better align the interests of the parties, and create more wealth, value-added in downstream industries like refined products and petrochemicals, infrastructure and employment for Iraq." In its unaudited interim […]
By John Lee. Gaith Al-Meshreq Co. Ltd. has won a new contract with the United Nations Human Settlements Programme, for the rehabilitation of Al Ahrar Primary School and extension of Ansam Al-Rabiea Primary School, in Al- Ahrar [Arar] Neighborhood, Basra. The contract is valued at $118,892. (Source: UNGM)
By Mustafa Saadoun 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 speaker resigns Iraqi parliament speaker Mohammed al-Halbusi [Halbousi] (pictured) resigned from his post but is expected to be re-elected. Click here to read the full article.
By John Lee. The Undersecretary for Liquidation and Distribution Affairs at Iraq's Ministry of Oil, Hamid Younis, has said that the shift towards the use of liquified gas for vehicles is a strategic project for Iraq, which promotes sustainable development and supports the national economy, and is supported by the government and the Ministry. He […]
By John Lee. Italian engineering consultancy Progetti Europa & Global S.p.A. (PEG) has met with the Secretary-General of Iraq's Council of Ministers, Dr. Hamid Naim Al-Ghazi, to discuss the rail project connecting southern and northern Iraq. At the meeting, the company gave a detailed presentation on the stages of feasibility studies, the proposed routes, the supporting […]
By John Lee. Moody's Investors Service has assigned first time local currency long-term/short-term deposit ratings of B3/NP for National Bank of Iraq (NBI), and foreign currency long-term/short-term deposit rating of Caa1/NP. At the same time, the rating agency has assigned a Baseline Credit Assessment (BCA) of caa2, Adjusted BCA of b3, as well as long-term […]
