Seminar On ‘Devolution as part of National Reconciliation’, Gets The Support Of Iraqi Political Leaders More than 120 senior Government officials and civil society leaders including the governors of nine Iraqi provinces and representatives from fifteen Iraqi governorates today participated in a seminar on ‘Devolution as Part of National Reconciliation’, to discuss how devolution of […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd Sept 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,230 (+0.7%) / $1,287 (-0.1%) (weekly change) (-11.7% and -13.1% YTD change, respectively). The number of week traded […]
By John Lee. Reuters reports that Iraqi officials are planning to start marketing a new Eurobond following the Labor Day holiday in the U.S., which falls on 7th September. Citigroup, Deutsche Bank and JPMorgan Chase are to be the lead managers for the deal, which is expected to be unsecured. Iraq is hoping to raise […]
By John Lee. Gas Plus Khalakan, a 75%-owned subsidiary of New Age, is about to commence the development drilling of three wells for Phase 1 of the approved Field Development Plan for the Shewashan oil field in the Kurdistan Region of Iraq. Phase 1 of the development includes the installation of an Early Production Facility […]
By John Lee. Ability with Innovation (AWI) has announced that it has been awarded a contract by PAE Government Services for its equipment lease services to support their BLiSS project in Baghdad, Iraq. AWI will provide bulk waste removal service at Baghdad Embassy Compound (BEC) as second provider. AWI will supply and deliver dump trucks […]
The Special Representative of the United Nations Secretary-General for Iraq (SRSG) Ján Kubiš and UNESCO Representative to Iraq Axel Plathe are deeply concerned about the safety of journalists in Nineveh Governorate. The recent assassination of media workers and the increased acts of intimidation, harassment and violence to which they are exposed, dramatically testify to the […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqis say little has changed since the Prime Minister Haidar al-Abadi announced a set of sweeping changes last month. It came after massive protests over government corruption and a lack of infrastructure. Now […]
By John Lee. Iraq's State Oil Marketing Organization (SOMO) has said that oil exports amounted to 95.447 million barrels in August, which equates to 3.079 million barrels per day. According to a report from Shafaaq, this generated revenue of approximately $3.874 billion, at an average price of $40.59 per barrel. Exported from the southern port of […]
By John Lee. ShaMaran Petroleum has announced the successful testing and completion of the Chiya Khere-8 ("CK-8") development well in the Atrush Block in the Kurdistan Region of Iraq. The CK-8 development well was drilled in the third quarter of 2014. The well was re-entered in July 2015 and two well tests ("DST") using an […]
By John Lee. Eighteen Turkish employees of Ankara-based construction company Nurol Insaat have been kidnapped in Baghdad. Masked men in military uniforms reportedly stormed the construction site, where the workers were sleeping in caravans, and bundled them into several SUVs early on Wednesday. The men were working on the construction of the new sports complex […]
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. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Bomber, fighter and remotely piloted […]
According to casualty figures released today by UNAMI, a total of 1,325 Iraqis were killed and another 1,811 were injured in acts of terrorism, violence and armed conflict in August 2015*. The number of civilians killed was 585 (including 20 civilian police and casualty figures in Anbar), and the number of civilians injured was 1,103 […]
