By John Lee. Genel Energy has unanimously rejected an unsolicited takeover proposal from Norway's DNO ASA, saying the offer fundamentally undervalues the company. DNO proposed to acquire all of Genel's issued ordinary share capital at 69 pence per share in cash. The board of Genel, having evaluated the proposal with its advisers, rejected the approach […]
By John Lee. A possible cash offer for Genel Energy plc has been put forward by Norwegian oil and gas operator DNO ASA, valuing the company at approximately £202 million [approx $271 million]. The approach was rejected by the Genel Board on 4 August 2026, but DNO says it remains willing to engage. Under the […]
By John Lee. Iraq has won 32 international legal cases on behalf of the Iraqi state over the past four years, saving the public treasury around $26 billion - an achievement described as the largest such result since the 1990s. According to the Ministry of Justice, the total value of funds secured for the treasury […]
By John Lee. A shipment of $500 million in cash has arrived in Iraq from the US Federal Reserve, destined for the Central Bank of Iraq (CBI). According to the state-run Iraqi News Agency (INA), an official source confirmed the delivery, stating that the funds will be used for transactions related to travellers and external […]
By John Lee. Iraq's Council of Ministers (Cabinet) has set a 10-working-day limit for the audit of strategic, urgent, and high-value government contracts in Iraq. According to the Prime Minister's Office (PMO), the rule applies to contracts exceeding IQD 1 billion (USD 763,000), with the Federal Board of Supreme Audit (FBSA) retaining its authority to […]
By John Lee. The Kurdistan Regional Government (KRG) has said that Crescent Petroleum and Dana Gas, the joint operators of the Khor Mor field, commenced gas supplies from the Kurdistan Region to Iraq's Ministry of Electricity without its approval or authorisation, in breach of their contractual obligations. According to the KRG, it was notified on […]
By John Lee. Iraqi Airways is to launch direct flights between Kirkuk and the Turkish city of Trabzon from 12th August 2026, in response to growing demand for tourist destinations during the summer season. According to the Ministry of Transport, the route was established in line with directives from Minister of Transport Wahab Salman Mohammed […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report for trading week ending: 6th August 2026. Please click here to view a table of listed companies and their associated ticker codes. Rabee Securities' Market Indexes Change - Weekly Index Code Closings Change (w/w) (%) Change (YTD) (%) IQD-RSISX 2,827.3 -0.32% 10.58% USD-RSISX 2,780.0 -0.32% […]
By Hawre Tofiq, for Draw Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Federal Government Considers Removing Three Zeros from Dinar With the closure of the Strait of Hormuz due to conflict, Iraq's oil export routes have been severely restricted and overall […]
By John Lee. The head of Iraq's National Investment Commission (NIC), Adel al-Yasiri, has met with Ibrahim al-Massoudi al-Baghdadi, head of the Iraqi Economic Council (IEC), to discuss ways to strengthen cooperation in support of the investment environment. According to the NIC, the meeting covered prospects for joint cooperation, ways to overcome challenges facing investors, […]
By John Lee. Iraq's Foreign Minister Fuad Hussein held a series of bilateral and trilateral meetings in Amman on Wednesday on the sidelines of the Arab Ministerial Meeting on Jerusalem, covering energy cooperation, joint projects, and regional security issues. According to the Ministry of Foreign Affairs, the talks included separate meetings with the foreign ministers […]
By John Lee. The Central Bank of Iraq (CBI) and the Communications and Media Commission (CMC) have held talks on regulating digital payment services and developing the legislative framework for Iraq's digital economy. According to the CBI, Governor Nizar Nasser Hussein met the Commission's executive head, Balig Abu Kallal, to discuss a range of issues, […]
