By John Lee. The US State Department has approved a possible Foreign Military Sale to Iraq for C-130E/J sustainment and associated equipment, parts, training and logistical support for an estimated cost of $800 million. The Government of Iraq has requested a possible sale for a five-year sustainment package for the C-130E/J fleet that includes operational, […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th November 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,368 (-1.0%)/ $1,482 (-0.8%) (weekly change) (-26.7% and -25.4% YTD change, respectively). The number of week traded shares […]
By John Lee. Three taxi drivers have reportedly been arrested on charges of transporting a group of Iranian prostitutes into Iraqi Kurdistan. Security forces told BasNews that they arrested the drivers at the Haji Omaran border crossing (pictured), between the Kurdistan Region and Iran. The women are said to be Iranian and Kurdish Iranian. (Source: […]
By John Lee. Islamic State militants have reportedly blocked all mobile phone networks in Mosul. According to BasNews, an official at one of the mobile phone operators said his company was investigating the issue, but declined to give further details. According to reports, shutting down of phone lines is a notable change from what has […]
By John Lee. Lukoil's West Qurna-2 project in Iraq has added $1.25 billion to the company's earnings in the third quarter. In a statement to the markets the company said: "The Group launched the "Mishrif Early Oil" stage on the West Qurna-2 field and reached the planned production of 120 thousand barrels per day in […]
Kurdistan Region President Masoud Barzani welcomed the Czech Republic’s Minister of Foreign Affairs, Lubomír Zaorálek, on Thursday. In a meeting in Erbil, the President and the Czech Foreign Minister discussed strengthening bilateral relations and military support by the Czech Republic to Iraq and Kurdish peshmerga forces. Foreign Minister Zaorálek, who was accompanied by his country’s […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. After five days of intense fighting in Diyala Province, Iraqi and Kurdish Peshmerga forces have managed to push back the ISIL/ISIS/IS advance. Many have been killed, and thousands left homeless. Ahmed Nasir is […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Iraqi army says it has held off a fierce assault by the Islamic State of Iraq and the Levant (ISIL, ISIS, IS) on the city of Ramadi. Meanwhile, coalition airstrikes have killed […]
By John Lee. Finance Minister Hoshiyar Zebari said he will soon present his proposed 2015 budget to Cabinet, based on an oil price of $70 per barrel. The Minister said: “We are proposing a budget of $100 billion. This is projected ... “We have based our projections on about $70 a barrel. This could fluctuate. […]
By John Lee. Gas Plus Khalakan (GPK) has declared the Shewashan light oil discovery commercial and is preparing the Field Development Plan (FDP) for submission to the Kurdistan Regional Government's Ministry of Natural Resources in accordance with the Khalakan PSC. Shewashan-1 produced light oil (45API) on test from reservoir zones in the Cretaceous Shiranish, Kometan and […]
The United States Embassy in Baghdad is pleased to note a 38.8 percent increase in the number of Iraqi students studying in the United States. The 2013-2014 academic year saw the total number of Iraqi students enrolled in U.S. colleges and universities at 1,491, up from 1,074 in 2012-2013. The report shows that 941 Iraqi […]
By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. While a recent deal between Baghdad and Erbil to export oil from the northern fields is seen by many as a breakthrough after years of stalemate, the prospect of further progress […]
