By John Lee. Shares in Genel Energy plc were trading lower in Friday after the company said negotiations were continuing regarding the Bina Bawi field in Iraqi Kurdistan. In a statement, the company said: "Extensive documentation was received in mid-April from the Kurdistan Regional Government ('KRG') following the commercial understanding reached in September 2019. The […]
By John Lee. Gulf Keystone Petroleum (GKP) has announced that it was informed on 30th April 2020 of the following transactions by persons discharging managerial responsibilities and persons closely associated with them. Mr Ian Weatherdon (pictured), Chief Financial Officer, purchased 50,112 common shares in Gulf Keystone Petroleum Limited on 30 April 2020 at a price […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 30th April 2020). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD503 (-12.6%) / $522 (-12.6%) (weekly change) (-23.7% and -25.5% YTD change, respectively). The number of week traded […]
By John Lee. US Secretary of State Mike Pompeo has urged Iraqi leaders to put aside the country's sectarian quota system to help form of a new government. At a press briefing on Wednesday, he said: "In Iraq, we're watching closely as Prime Minister-designate Mustafa Kadhami enters the third week of trying to form his […]
By Lujain Elbaldawi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq's health system meets the challenge of coronavirus Iraq is preparing to ease its confinement measures as the number of COVID-19 infections in the country lessens, despite challenges to the health system […]
By John Lee. Iraq is reportedly seeking financial assistance from the United States to help it deal with the coronavirus pandemic and collapsing oil revenues. Bloomberg quotes Health Minister-designate Jaafar Allawi as saying: "We have been promised by the United States government as part of this strategy between Iraq and United States to help us […]
The Government of Japan is supporting the International Organization for Migration (IOM) in Iraq's continued efforts to leverage the security-development nexus in Iraq, providing IOM with a further USD 3.63 million in funding for 2020-21. Iraq is grappling with the cumulative effects of past conflicts on its development, which has left the country vulnerable to […]
From Middle East Monitor, under a Creative Commons licence. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi protesters gathered in Tahrir Square in the capital Baghdad after the government scaled back some of its anti-coronavirus measures during the month of Ramadan, Anadolu Agency reported […]
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Back to the future on US-Iraq strategic dialogue It looks like Baghdad and Washington will try once again to settle their differences over the presence of US troops in Iraq. Both sides […]
The Iraq Britain Business Council (IBBC) held a well attended video conference on the subject of 'The Adoption of Fintech and Online Safety and its impact on the Iraqi Economy', for members and a wider audience of Tech specialists in UK and Iraq. The key speakers included: Hugo Rousseau - Program manager for Fintech at […]
By John Lee. Iraq's National Investment Commission (NIC) has announced an investment opportunity for the construction of a commercial site in Bismayah City: According to investment law no. 13 for the year 2006 as amended and its regulations, NIC is pleased to announce the investment opportunity of Constructing a commercial Site in Bismayah City - […]
By John Lee. Iraq's Ministry of Oil has announced final oil exports for March of 105,118,523 barrels, giving an average for the month of 3.390 million barrels per day (bpd), essentially the same as the 3.391 million bpd exported in February. These exports from the oilfields in central and southern Iraq amounted to 101,392,918 barrels, […]
