The United Nations Development Programme (UNDP) in Iraq welcomes a EUR 50,000 (US$ 56,609) contribution from the Government of Romania to UNDP's Funding Facility for Stabilization (FFS), which implements fast-track initiatives to stabilize areas liberated from the Islamic State of Iraq and the Levant (ISIL). Romania's first contribution makes it the 30th partner to fund […]
France Contributes US$ 1.539 M for Women Protection Services through UNFPA Programmes in Iraq The United Nations Population Fund (UNFPA) in Iraq welcomes the French Government's new contribution of US$ 1,539,000 to strengthen the prevention of and response to gender-based violence in Anbar, Baghdad, Basra, and Nineveh governorates. The new commitment will focus on increasing […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for December of 101,579,927 barrels, giving an average for the month of 3.277 million barrels per day (bpd), almost equal to the 3.273 million bpd exported in November. The exports from the oilfields in central and southern Iraq amounted to 98,570,290 barrels, while […]
The United Nations Mine Action Service (UNMAS) in Iraq welcomes an additional contribution of EUR 1.5 million (approximately USD 1.69 million) from the Government of Belgium to support the Government of Iraq in protecting civilians impacted by explosive ordnance and enabling humanitarian action, socio-economic development, and peace-building. The legacy of successive conflicts - the recent […]
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. Baghdad airport hit with rockets, no one hurt No group has claimed credit for the latest attack. Click here to read the full article.
Five One Invest presented a very informative webinar this week on the state of investments in Iraq. The session hosted Laura Khudairi from Iraq Tech Ventures and Rawaz Rauf from Euphrates Ventures, who discussed the startup landscape, investment opportunities, and investor activity in Iraq.
By John Lee. The General Director of Azerbaijan-based oil services company SOCAR AQS, Samir Mollayev, met with a delegation led by General Director of Iraqi Drilling Company (IDC), Basim Abdulkareem, on Tuesday. At the meeting held in Socar's Baku office, he informed the guests about the development of the oil and gas industry in Azerbaijan, […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th January 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD944 (+4.4%) / $828 (+4.4%) (weekly change) (+2.8% and +2.8% YTD change, respectively). The number of week traded […]
By Michael Knights and Alex Almeida, for the Combating Terrorism Center. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Islamic State at Low Ebb in Iraq: The Insurgent Tide Recedes Again Following a sustained buildup in attacks throughout 2019 and into first half […]
By Hamzeh Hadad, for the Konrad-Adenauer-Stiftung. Path to Government Formation in Iraq How Violence and Elite Sectarianism lead to Consensus Governments About three months after the Iraqi parliamentary election of October 10, 2021, no new government has been formed yet. Previous elections show that it takes time until the three presidencies - the speaker of […]
By John Lee. Kuwait Energy Basra Limited (KE Basra), an indirect wholly-owned subsidiary of Hong Kong-based United Energy Group (UEG), has entered into the EPCC (engineering, procurement, construction and commissioning) contract with a Chinese consortium to provide a central processing facility including oil treatment system and auxiliary systems at Block 9 in Basra. The contractor […]
UK-based Aggreko has announced that it has completed commissioning of the largest flare-gas-to-power project in the Middle East to date at 165 MW capacity. The plant is situated nearby the Saqala [Sarqala] Field, Garmain block, South East Kurdistan. The 165 MW modular power plant has run at full capacity for 72 hours in the project's […]
