By John Lee. The Chief Executive of the Kuwait Petroleum Corporation (KPC) has said that his company has conducted negotiations with both Iran and Iraq to import gas. Nizar Al-Adsani (pictured) said in a statement: "Kuwait is in need of gas for power plants ... [but] up until now we have not agreed on the […]
By John Lee. The chairman of the Fund for Areas Affected by Terrorist Operations in Iraq, Abdel-Basit Turki [Abdel Basset Turki], has said that the cost of rebuilding the provinces of Diyala and Salahuddin is expected to reach $1.28 billion (1.5 trillion Iraqi dinars). He said that the reconstruction fund currently has only $350 million, […]
By John Lee. The Iraqi Minister of Transportation, Baqir al-Zubaidi, has proposed that Ukrainian vehicle manufacturers provide samples of trucks, busses and tractors to Iraq free of charge for test purposes. At a meeting with the Ukrainian Ambassador, Anatoly Marenitez, he said he was eager to cooperate with Ukrainian companies and learn more about the […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Empirical Aspects of the Extractive Industry Governance in Iraq Extractive Industry Governance is one of the most critical components of the broad, good, democratic and inclusive governance, especially for the developing […]
Petrofac has been awarded a multi-million dollar technical training contract with Shell Iraq, achieving their fourth win with a major operator in the country. Effective October 2015, Petrofac Training Services (PTS) has joined Shell in the management and operation of Shell’s Majnoon training centre in the Majnoon oil field development in Southern Iraq for two […]
Iraq’s youngest airline, FlyBaghdad, is in talks to start flying to Dubai and plans to launch European routes in early 2016, according to a report from Gulf News. The airline’s Regional Commercial Manager, Mohammad Abdali, told the news agency that the Iraqi-owned airline started domestic flights to Erbil, Sulaymaniyah, Najaf and Basra from its hub […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Fighter and remotely […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 11 remittance companies took part in its currency auction on Tuesday. A total of $209,596,759 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Farmers in Iraq say their industry is on the verge of collapse. They blame years of conflict, government neglect and the rise of ISIL for nearly destroying the agricultural sector. Al Jazeera's Imtiaz […]
By John Lee. Reuters quotes Iraqi Deputy Finance Minister Fathil Nabi as saying that Iraq has abandoned its plan to issue international bonds because the yield it would have to pay was too high. The required return on the bonds reportedly forced Finance minister Hoshiyar Zebari (pictured) to halt the plan to raise up to […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th Oct 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,136 / $1,189 (+4.6%) (weekly change) (-18.4% and -19.8% YTD change, respectively). The number of week traded shares […]
RSK Group Plc and the University of Basrah have agreed to enter into a partnership to help train the next generation of Iraqi engineers and to give them practical experience which would help them to obtain jobs in the Iraqi oil industry. The partnership will give University of Basrah students access to oil field work […]
