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. Never-ending Electricity Crisis means Lights Out for Iraqis, Again Electricity generators have often saved Iraqis from summer temperatures that can reach 50 degrees Celsius (122 degrees Fahrenheit). Yet, they have also become a symbol […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Food, Family, No Sleep: Baghdad A New City During Ramadan, Thanks to End of Curfew For the first time in years locals in Iraq's capital city are getting to enjoy […]
By John Lee. Iran has reportedly started construction on a new gas pipeline to Iraq, which will feed two power plants near Baghdad. The line is an extension of Iran’s 6th cross-country gas pipeline, and will extend 590 kilometers and include five booster stations. The Managing director of Iran's Gas Engineering and Development Company, Alireza […]
By John Lee. According to a report from Platts, 9 of the 14 tankers intending to load oil from Iraq's State Oil Marketing Organization (SOMO) at the Turkish port of Ceyhan in June, have had their orders cancelled and have left the area. The remaining five are also cancelled but are still waiting, as they […]
More than 5,000 Yazidi women are still being kepts as slaves by ISIS (Islamic State, IS, ISIL). The AMAR International Charitable Foundation has produced three short videos in which girls who managed to escape tell their horrific experiences at the hands of the rapists in ISIS. Their suffering is very much why AMAR is working […]
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, which took place on Sunday, noting that assessments of results are based on initial reports. Airstrikes in Syria […]
A UN report released on Monday shows that the conflict in Iraq continues to take a terrible toll on civilians, with at least 15,000 killed and 30,000 injured since January 2014. Widespread human rights violations and massive displacement continue unabated throughout the country. The report, compiled by the UN Assistance Mission for Iraq (UNAMI) and […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks and 3 remittance companies took part in its currency auction on Tuesday. A total of $248,160,085 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Genel Energy has issued the following trading and operations update in advance of the Company's half-year 2015 results, which are scheduled for release on 6 August 2015. Tony Hayward, newly-appointed Chairman of Genel, said: "Production has grown rapidly in the first half of the year, increasing 41% year on year, with operational […]
Members of the Iraq Britain Business Council (IBBC), leading political figures and experts gathered in the tranquil setting of Cumberland Lodge, Windsor Great Park, at the weekend for the IBBC's annual retreat. The weekend was spent holding discussions and talks on different aspects that affect doing business in Iraq. The event opened on Friday evening […]
By John Lee. Genel Energy has announced that, as of 12 July 2015, Rodney Chase has resigned from the Company. Tony Hayward (pictured) has been appointed Chairman in his stead. Murat Özgül, previously President, Turkey and KRI, has become Chief Executive, and been appointed to the board. In his role as Chairman, Tony will oversee […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th July 2015). Please click here to download a table of listed companies and their associated ticker codes. Note: ISX will be closed on July 14, 2015 due to an official holiday in Baghdad. ISX will be also closed starting from July 19, […]
