By John Lee. The current average output from Iraq's southern oilfields is reported to be about 3 million bpd, according to a report from Reuters. Oil Minister Dr. Adel Abdul Mahdi [Adel Abdel Mehdi] told reporters that average export levels are about 2.5 million bpd. (Source: Reuters)
By John Lee. Security sources report that the Iraqi army has broken the five-month-long seige of Baiji [Beiji, Bayji] oil refinery in Salahadin province. Baiji is the largest town to be recaptured from Islamic State (IS) fighters since its offensive across northern Iraq in June. Xinhua News Agency suggests that the capture of Baiji would […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th November 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,383 (+2.5%)/ $1,495 (+2.2%) (weekly change) (-25.8% and -24.7% YTD change, respectively). The number of week traded shares […]
By John Lee. Emirates resumed its twice-weekly passenger flights to Erbil on Sunday. The route is erved by an Airbus A330-200 aircraft in a 3-class configuration. The service will increase to four weekly flights from 4th December 2014. Sheikh Majid Al Mualla, Emirates Divisional Senior Vice President Commercial Operations, said: “We have been closely monitoring […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A joint operation by the Iraqi army and Shiite militia earlier this week wrested back the Adhaim Dam in the eastern province of Diyala:
A United Nations convoy of three vehicles travelling from the Baghdad International Airport to the International Zone was hit with at least one explosion on Sunday. No UN personnel were killed or injured in the incident and all proceeded safely back to the UN Compound. One of the vehicles sustained serious damage. The Special Representative […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Monday. A total of $227,320,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Special envoy of the Government of India, Ambassador Suresh K Reddy visited the KRG Department of Foreign Relations to discuss latest developments and the opening of India’s Consulate General in Kurdistan. Ambassador Reddy appreciated the continued support of the DFR for the Indian mission in Iraq and pledged to continue working with the Kurdistan Region […]
By Samar Rassam-Whitticombe, CEO of Somer Industrial Projects (SIP). This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. My focus this issue is two-fold; firstly political stability and secondly the creation of a sustainable, successful private sector to promote a positive business and physical environment. I […]
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. Rape, Slavery, Hunger Strikes, Escape Attempts – Iraqi Doctors Tell Of Kidnapped Yazidi Women They Treat [Picture: Yazidi (Yezidi) Temple in northern Iraq.] Three months ago, the extremist group known […]
By John Lee. Iraq has inaugurated a 162-MW power station designed and built by Iran's MAPNA Group in the Heidarieh [Haidariya] district, some 25 km north of Najaf. Iran's PressTV reports that the opening ceremony on Thursday was attended by the Iranian and Iraqi energy ministers. According to the report, Iran's Energy Minister, Hamid Chitchian, […]
KRG Deputy Prime Minister Qubad Talabani inaugurated the Cargo Village at Suleimani International Airport with the laying of a foundation stone for a new terminal. The ceremony was attended by several Kurdistan Regional Government Ministers, the Governor of Suleimani, other government officials and business people. Deputy Prime Minister Talabani highlighted aviation as an essential backbone […]
