By John Lee. Australia's SBS News has published CCTV footage purporting to show the explosion that temporarily closed the Kirkuk-Ceyhan pipeline earlier this week. It appears to show an electricity pylon falling on the pipeline. According to Kurdish news agency Rudaw, a group affiliated with the Kurdistan Workers' Party (PKK) had claimed responsibility for the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th January 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD904 (-1.6%) / $792 (-1.6%) (weekly change) (-1.6% and -1.6% YTD change, respectively). The number of week traded […]
The United Nations Mine Action Service (UNMAS) welcomes the contribution of SEK 50 million (approximately USD 5.7 million) from the Government of Sweden, which will support the Government of Iraq with humanitarian, socio-economic, and reconstruction efforts while protecting vulnerable civilians from the threat posed by explosive ordnance. Due to successive conflicts in Iraq from 1980 […]
From Human Rights Watch (HRW). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Investigating a Massacre, Iraq Should Address Root Causes On December 31, Iraqi security forces killed 20 people from a single family in a raid on a home in Jableh district in […]
By John Lee. Tehran and Baghdad have reportedly signed a memorandum of understanding (MoU) to establish a joint arbitration center. The head of the Federation of Iraqi Chambers of Commerce, Abdul Razzaq al-Zuhairi, is quoted as saying that the MoU can remove the obstacles that hinder cooperation between the two countries. The agreement was finalised […]
From the Iraq Britain Business Council (IBBC): Professor Frank Gunter of Lehigh University gave a webinar on the recently published 2nd edition of his book -- 'The political economy of Iraq, restoring balance in a post-conflict Society' -- interviewed by Lizzie Porter, Senior correspondent at Iraq Oil Report, for the IBBC. In a wide-ranging talk, […]
By John Lee. French-based petroleum consultancy Beicip Franlab has signed a deal to provide consultancy services to the Iraqi Oil Ministry's Reservoirs & Fields Development Directorate. The Minister of Oil and President of Iraqi National Oil Company (INOC), Ihsan Abdul-Jabbar Ismail, said that Franlab will give advice that can be used to develop the oil […]
By John Lee. The Sulaimanyah-based Royal Can Making Company is reportedly planning to set up a container glass factory in the south of Baghdad. According to Glass International, the new Al Malakeya Glass Company will have a capacity of 1150 tons per day when completed in August 2024. Engineering Procurement and Construction (EPC) management will […]
Shares in Genel Energy rose by nearly 5 percent on Tuesday morning after the company issued the following trading and operations update in advance of the Company's full-year 2021 results, which are scheduled for release on 15 March 2022. The information contained herein has not been audited and may be subject to further review. Bill […]
By John Lee. As part of its efforts to switch to clean and renewable energy, Iraq's Ministry of Oil has said it is working with Siemens to produce hydrogen. The German company will provide advanced technologies and equipment for the project, and set up workshops to support the initiative. The first of these workshops was […]
Alsaree3 Group Receives Additional Bridge Round Funding Alsaree3 Group, consisting of Alsaree3 (food-delivery) and Al Zajel Express (last-mile delivery services), closed a 7-figure bridge round in late December 2021, bringing its total amount of funding raised in 2021 to over $4 million USD. Founder and CEO of Alsaree3 Group, Bassam Al-Ateia, commented: "Despite the entrance […]
By John Lee. The Secretary-General of Iraq's Council of Ministers, Dr. Hamid Naim Al-Ghazi, has laid the foundation stone for a number of projects in Dhi Qar Governorate: the Al-Zaytoun Martyrs' Bridge; a local stadium, with capacity for 10,000 spectators; Imam Ali Street (peace be upon him); Al-Shatrah Hospital; and, two bridges in the Al-Moalemeen […]
