By John Lee. Genel Energy has announced that it signed a definitive sale and purchase agreement with OMV to acquire its 36% operated stake in the Bina Bawi field. Completion of the acquisition is subject only to government approval, which is expected shortly. The consideration comprises an upfront payment of $5 million. A contingent payment […]
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s government, society struggle with widespread bribery With shocking innocence, Ali al-Sultani from Babil, a city 100 kilometers (62 miles) south of Baghdad, told Al-Monitor what he does to have official documents dealt with […]
KRG continues direct oil export despite sabotage attempt on pipeline In August, direct oil export from Kurdistan Region continued despite sabotage and attempted theft on the export pipeline inside Turkey borders, which occurred on 27 July and extended to the first week of August. According to the Kurdistan Regional Government, KRG, Ministry of Natural Resources […]
By John Lee. Iranian Economy Minister Ali Tayyebnia said that trade between Iran and Iraq is currently estimated at $12 billion when transit and tourism are taken into account, and that Tehran and Baghdad expect to increase the figure to $20 billion in the near future. The statement followed a meeting with Iraqi Finance Minister […]
As the security environment in Iraq remains complex and challenging, Security Sector Reform (SSR) is a prerequisite for both long-term stability and peace. The United Nations Development Programme (UNDP) has been engaged with the Office of the National Security Adviser (ONSA), through its Support to Security Sector Reform Phase I, to develop a National Security […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. France is hosting a conference to discuss ways of protecting religious minorities in the Middle East. The UN called for the meeting out of concern for those being persecuted by armed groups, mainly […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. ISIL has long identified Haditha as a target. The armed group has been attacking the city for over 18 months but tribal fighters and Iraqi security forces have fought back with the help […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Hundreds of Syrians and Iraqis cross the border from Greece into Macedonia.
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 […]
