By Azhar Al-Ruabie for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's al-Faw port project's endless delays Although 10 years have passed since the Iraqi government started laying the groundwork for the al-Faw grand port in southern Iraq, the project is still far […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th Aug 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD639 (-2.1%) / $669 (-1.7%) (weekly change) (-3.0% and -4.6% YTD change, respectively). The number of week traded […]
From GE: With growing demand for electricity, especially to meet the requirements during peak summer, the Government of Iraq is accelerating its focus on strengthening the nation's power infrastructure through two new agreements signed with GE. A long-term partner committed to meeting the future electricity needs of the nation, GE signed the agreements, valued at […]
On Wednesday in Washington, the United States announced nearly $204 million in additional humanitarian assistance for the people of Iraq, Iraqi refugees in the region, and to generous communities hosting them. This funding includes nearly $133 million from the State Department's Bureau of Population, Refugees, and Migration and more than $71 million from USAID's Bureau […]
By John Lee. The Iraq Fund for Higher Education (IFHE) has announced the launch of its Baghdad Business School (BBS), a 10-month academic and professional program that gives Iraqi youth the skills and knowledge they need to work in the private sector. BBS describes itself as a market driven "education to employment" program, coordinating internships […]
The text of the following statement was released by the Governments of the United States of America and the Republic of Iraq: The Government of Iraq, led by Foreign Minister Fuad Hussein, and the Government of United States, led by Secretary of State Michael Pompeo, held a meeting of the Higher Coordinating Committee today in […]
By John Lee. Iraq's Commission of Integrity has said that two official have been sentenced, in absentia, to seven years in prison for misusing 7.1 billion dinars ($6 million) of public funds. The two were former board members of the Martyrs Foundation, and tbe violations concerned a contract with a German company. Arrest warrants have […]
Translated by L. Bedrosian. The Iraqi Minister of Transport has instructed the General Transport Company for Passenger and Delegations to begin providing regular transport services to and from Baghdad International Airport (BIAP). Nasir Hussein Bander Hamad [Nasser Hussein Al-Shibli] added: "Services will soon begin with modern, air-conditioned buses equipped with a smart card reader system." […]
By Joe Snell for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Outraged after months of not receiving salaries, regular electricity outages and a failure to provide local business bailouts, protests erupted last week in northern Iraq against the Kurdistan Regional […]
By Dr Amer K. Hirmis, Capital Business Strategies Ltd. - UK. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq's PM meets the President of the United States... What outcome...for the Iraqi economy? Introduction This Thursday, August 20th, the "President Donald J. Trump will […]
By John Lee. Iraq's Ministry of Oil, represented by the Iraqi Oil Tankers Company (IOTC), has concluded a contract with Norway's Batservice Mandal [Båtservice Mandal AS] to build two oil tankers. Oil Minister Ahsan Abdul-Jabbar Ismail said that this contract comes within the framework of the ministry's plans to rebuild the national fleet of oil […]
By John Lee. Iraq is reported to be planning to sign a memorandum of understanding with US-based Chevron to explore for oil in Dhi Qar (Thi Qar) province. A person familiar with the matter told Bloomberg that the deal would formalise Chevron's interest in exploring the eastern and western parts of Nasiriyah, the capital of […]
