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. Ninawa’s Planned Oil Refinery Moves Sunni-Led Region even Further from Baghdad The northern Sunni-led region of Ninawa has been planning its own oil refinery for some time now. And last […]
By John Lee. NES Global Talent, the manpower solutions provider, has opened a second office in Iraq. The new Erbil operation in Iraqi Kurdistan will act as a business hub for activity across the wider region, meaning it is on the ground to support its contractors and key clients and able to make the most […]
ZSCo, the company in Iskandariya [Alexandria] (50 kilometers south-west of Baghdad) in which Iran Khodro (IKCO) cars are assembled, is now producing at a rate of 10 cars per hour, according to an announcement from IKCO. The company's CEO said: "[The] Geographical proximity of Iran and Iraq is considered as a noticeable advantage for IKCO […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. During the months before the Iraqi elections that took place on April 30, there was growing talk within political and media circles that Iraq was heading toward “decisive elections.” Some politicians and […]
The Head of the KRG Department of Foreign Relations, Minister Falah Mustafa has received the Ambassador of the Republic of Tunisia, Mr. Samir Jamae Abdullah. The meeting revolved around ways of strengthening bilateral ties particularly in the areas of trade and economy. On his first visit to Kurdistan, Ambassador Abdullah praised the region’s economic development […]
Lockheed Martin successfully completed the first flight of the inaugural F-16 Fighting Falcon for the Iraq Air Force. The jet is the first of 36 F-16 Block 52 aircraft on order through the U.S. Department of Defense for Iraq. With more than 4,540 F-16s delivered to date, the Foreign Military Sale to Iraq adds to […]
By John Lee. Mobile operator Asiacell has posted a 12.2 percent drop in annual net profit. Reuters reports that the company, part of Qatar-based Ooredoo, made a net profit of 581 billion dinars ($498.62 million) in 2013, down from 662 billion dinars a year earlier. Profit was impacted "non-recurring items - mainly related to tax […]
By John Lee. The Zambian Secretary to the Treasury, Fredson Yamba (pictured), says Government has not serviced the US$296 million debt owed to Brazil, China and Iraq as at December 2012. According to the report from Zambia Daily Herald, Mr Yamba said Brazil, China and Iraq are the only three remaining bilateral creditors that are […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th May 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,855 (+0.7%)/ $1,970 (+0.3%) (weekly change). The number of week traded shares was 3.3bn and the weekly trading […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Shelling by the Iraqi army in the city of Fallujah has killed more civilians, hospital sources and witnesses have said, amid allegations that government forces were using barrel bombs in an attempt to […]
Iraqis went to the polls yesterday in what has been variously described as "an important milestone in Iraq’s democratic transition," (Spokesperson for UN Secretary-General Ban Ki-moon) and "a powerful rebuke to the violent extremists," (US Secretary of State John Kerry). Preliminary results are not expect for a couple of weeks, and as it is generally […]
By John Lee. Lebanese banks intend to expand their operations in Iraq, the president of the Association of Banks in Lebanon said on Friday. Addressing a Lebanese-Iraqi banking conference in Beirut, Francois Bassil said: “The size of the Lebanese banks in Iraq may be too small compared to the huge Iraqi market. "Iraq’s seven state-owned […]
