By Patrick Schmidt. Kurdish security officials report that the Islamic State (IS, ISIS, ISIL) has once again used chemical weapons against its forces. The IS used chlorine gas twice against the Peshmerga outside of the city of Tikrit. The militants have used the gas before against the Peshmerga. The last reported gas attacks by the […]
By John Lee. Iran’s PressTV said on Saturday that Iraq has started a new round of talks with Iran and Kuwait over the development of oil wells that are shared between the three countries. Oil Minister Dr. Adel Abdul Mahdi [Adel Abdel Mehdi] (pictured) said that this is consistent with Iraq’s policy of expanding its crude […]
By John Lee. Representatives of Jordan and Iraq met on Saturday to discuss procedures to facilitate the transport of goods by truck through the Al Karamah / Traibil [Turaybeel, Tirbil, Tarbiel, Trebil] border post (pictured). The Secretary-General of Jordan's Interior Ministry, Governor Samir Mubaidin, and the Iraqi Director General of Border Crossings, Maj. Gen. Essam […]
Minister Falah Mustafa, Head of KRG Department of Foreign Relations today received Mr. Kentaro Sonoura, Parliamentary Vice-Minister for Foreign Affairs of Japan and his accompanying delegation to discuss latest developments and bilateral ties. Minister Mustafa briefed the Vice-Minister on the military, humanitarian, and economic challenges facing the Kurdistan Region as well as the political process […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Zaher Moussa, a producer at the Iraqi Beladi TV channel in Baghdad, has tried to contact employment agencies placing Asian workers in Iraq to interview them about the way they bring foreign […]
The Iraq Britain Business Council (IBBC), jointly with the British Universities Iraq Consortium (BUIC), held a daylong event sponsored by the British Council in London on different aspects of academic partnerships between Iraq and UK. Baroness Nicholson of Winterbourne, IBBC Executive Chairman, HE Prof Al- Mosawi, Cultural Attache of the Iraqi Embassy, Amir Ramzan, Director […]
By John Lee. An Iraqi court has reportedly rejected a $4.5-billion (5.4 trillion Iraqi dinar) lawsuit against Zain. The case centers around Zain's $1.2-billion acquisition of Iraqna from Egypt's Orascom Telecom in December 2007, after the Egyptian company dropped out of the running for a long-term mobile licence. According to Reuters, the Kuwaiti firm then […]
By John Lee. Pakistan's Economic Coordination Committee (ECC) has approved a proposal to allow Attock Cement Pakistan Limited (ACPL) to transfer $24 million (29 trillion Iraqi dinars) to Iraq for the construction of a cement grinding unit in Basra. The investment will starting this month, with the company intending to hire 50 percent of its labour […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th March 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,058 (+2.9%) / $1,110 (+2.9%) (weekly change) ) (-24.0% and -25.1% YTD change, respectively). The number of week […]
Last week, the Rabee Securities ISX Index (RSISX) gained 2.9 percent to end the week at IQD 1058, reversing its recent sharp downward trend. But the market is still 24 percent below its level at the start of the year, having already lost more than 25 percent in 2014. The question for investors is where […]
Report first published in nina-iraq.com, the magazine for Iraqi women everywhere. By Dr. Basil Al-Fakhri, formerly of the Electricity Power Commission-IRAQ [1988-1989], consultant in Western power Utility, KBR consultant and SMEC consultant-Australia[2004-2012]. It is my belief that the Ministry of Electricity [ME] needs to engage with international consulting firms (this is what happens with oil […]
By John Lee. India's oil imports from Iraq have seen a sharp increase in January, according to Platts, climbing 56 percent to 2.48 million mt. Eklavya Gupte, associate editor, Europe and Africa crude oil, at Platts said: “Indian refiners are importing Iraqi Basrah light crude oil to compensate for the drop in imports from Iran […]
