By Madeleine White. This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. The Iraqi billionaire industrialist shares the secret of his success – Women’s Economic Empowerment! We had risen early and were driving from Erbil through the mountains to Suli, welcomed by a glorious dawn. I […]
By John Lee. Roza Othman, a member of the Natural Resources Committee in the Kurdistan Parliament, has said that the KRG will sign a contract with Iran to import gas and electricity. The imported electricity and gas will be for civilians, and the gas will be delivered by pipeline. The Head of the Parliamentary Committee […]
The first day of the Erbil Business Conference highlighted the interest of the Kurdistan Regional Government (KRG) to attract investment and to operate within the principles of open markets whilst battling the perception that it is a dangerous place to operate. The Conference started with a speech by the Prime Minister of the Kurdistan, Nerchivan […]
By John Lee. Shares in Afren plc were trading 20 percent higher on Monday after the company announced that it has negotiated a deferral of the US$50m amortisation payment due on 31 January 2015 until 31 March 2015. The agreement was made with the lenders of the US$300m Ebok debt facility. In addition, the Board […]
By John Lee. Reuters reports that Iraq's oil exports rose in February to an average 2.597 million barrels per day, up from 2.535 million bpd in January. Iraq's southern terminals reached 2.293 million bpd, slightly down on the previous month due to bad weather, while exports from the north via the Kurdistan pipeline more than […]
By John Lee. The tanker which was blocked for months by a Baghdad legal challenge from unloading its 1 million barrels of Kurdish crude oil in Texas, has reportedly delivered its cargo to Israel. The United Kalavyrta [United Kalavrvta, United Kalvrvta] (pictured) spent several months off the coast of Texas after Baghdad tried to have […]
Mott MacDonald has joined up with Khudairi Group to deliver oil and gas projects in Iraq. The move combines the consultancy’s full range of engineering and procurement technical support services with Khudairi Group’s procurement, inspection, expediting and construction management services. Albert Allan, managing director of Mott MacDonald’s oil and gas business, said: “I am delighted […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's Prime Minister Haider al-Abadi promised to safeguard the country's heritage, especially after ISIL destroyed ancient statues in Mosul. Al Jazeera's Jane Arraf reports from Baghdad.
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th February 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 (-10.6%) / $1,111 (-10.6%) (weekly change) ) (-24.0% and -25.1% YTD change, respectively). The number of week […]
According to casualty figures released by UNAMI, a total of 1,103 Iraqis were killed and another 2,280 were wounded in acts of terrorism and violence in February*. The number of civilians killed was 611 (Including 30 civilian police), and the number of civilians injured was 1,353 (including 29 civilian police). A further 492 members of […]
By John Lee. The Japan International Cooperation Agency (JICA) has agreed a loan for the rehabilitation of the fourth unit at the Al Hartha Thermal Power Plant in Basra; the amount of the loan as not been disclosed. The plant was originally constructed by a Japanese company in the late 1970s, and consists of four […]
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. Meager employment opportunities have led Iraqi university graduates holding doctoral and master's degrees to despair, as they pursue fruitless searches for jobs in government ministries and the private sector. In Babil province Feb. 3, […]
