By John Lee. Oil major BP has reportedly agreed with the Iraqi oil ministry to cut this year's expenditure on development work at Rumaila oilfield from $3.5 billion (4.1-billion-Iraqi-dinar) to $2.5 billion. According to The Economic Times, the cut in spending will have no impact on production from the oilfield this year, where output is […]
By John Lee. The head of Iran’s Department of the Environment, Masoumeh Ebtekar, and Iraq’s Minister of the Environment, Ibrahim Turki al-Juburi (Qutaiba al-Jibouri), have met to search for solutions to the environmental issues affecting the countries. According to the report from BasNews, the Ministers discussed the dust storms that blanket the region, particulate pollution, […]
By Shukur Khilkhal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In a society where conservative religious trends and the rule of tribal law are on the rise, the dissemination of human rights principles is a difficult task. Often, interpretations of religious and tribal customs contradict […]
Kurdistan Region Prime Minister, Nechirvan Barzani, has received Mr. Akihiko Tanaka, head of Japan International Cooperation Agency (JICA) and Japan’s Ambassador to Iraq. Mr. Tanaka expressed his appreciation for the assistance that Kurdistan Regional Government, KRG, provides to the agency during the implementation of their projects in the Region. He briefed the Prime Minister about […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th May 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,213 / $1,206 (+3.9%) (weekly change) ) (-12.9% and -18.6% YTD change, respectively). The number of week traded […]
By John Lee. Iran’s Defense Minister, Brigadier General Hossein Dehqan [Dehghan], arrived in Baghdad on Monday for talks with senior officials. The Minister and his delegation were welcomed by the Chief of Staff of the Iraqi Armed Forces, General Babak Zebari. Dehqan is scheduled to meet with the Iraqi Minister of Defense, Khalid al-Obeidi; Iraqi […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Fighters from the Islamic State of Iraq and the Levant (ISIL, ISIS) group have overrun one of the last remaining districts held by government forces in the Iraqi city of Ramadi, security officials […]
The Kurdistan Regional Government has appointed Mr Karwan Jamal Tahir as its new Representative to the United Kingdom. The Head of the Kurdistan Regional Government’s Department of Foreign Relations, Minister Falah Mustafa, said that under the recommendation of the President of the Kurdistan Region, Masoud Barzani, and in order to develop and further strengthen bilateral […]
First ever crisis coordination and disaster preparedness centre in Kurdistan The Kurdistan Regional Government’s (KRG) Ministry of Interior has inaugurated its Joint Crisis Coordination Centre (JCC), mandated by the Council of Ministers in January 2015. Several international donor partners and the United Nations extended support to the KRG to build an institutional response and coordination […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 15 banks and 3 remittance companies took part in its currency auction on Sunday. A total of $ 149,182,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Italian dredger builder Italdraghe and its consortium partner CPN are building three dredgers for the Iraqi Ministry of Water Resources. Work is already well underway on one Italdraghe SGT 400 D (pictured) and two Italdraghe SGT 300 RB diesel cutter suction dredgers, all designed specifically for the Ministry’s river, sea and dam […]
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The ruins of the city of Babil, some 56 miles south of Baghdad, flourished as the ancient Mesopotamian capital of Babylon, founded in the 19th century BC. Since that time, the city has suffered […]
