By Ali Al-Mawlawi. Public Payroll Expansion in Iraq: Causes and Consequences The public payroll in Iraq has grown unchecked since 2003, commensurate with the country’s vastly expanding oil wealth. With few alternative sources of government income, the state budget’s growth poses worrying questions about whether this ongoing trend can be sustained without risking economic ruin. […]
By C. Anthony Pfaff, for the Atlantic Council. Leaked Iranian intelligence about Iraq only tells part of the story The recent story in the New York Times on leaked Iranian intelligence reports about Iranian influence operations in Iraq elicits a couple of possible reactions. If one works for the United States government, particularly in any […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st November 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD640 (-1.0%) / $681 (-1.0%) (weekly change) (-3.0% and -4.1% YTD change, respectively). The number of week traded […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Weeks of anti-government protests in Iraq are damaging trade. Some shop owners are struggling to stay in business because of roadblocks, port closures and internet interruptions. While many say they are sympathetic towards […]
The Nineveh Provincial Council has voted unanimously to dismiss Governor Mansour Al-Maraeed and appoint his deputy, Sirwan Rozbiani, to the post temporarily. Candidates wishing to run for the post have until Saturday afternoon to apply. However, Al-Maraeed stressed that he would continue in his post. The vote came as the National Security Agency in Nineveh […]
By John Lee. The Iraqi Ministry of Oil has reportedly announced that it will select a number of international investment companies to build five new refineries around the country: Kirkuk with a capacity of 70,000 barrels per day (bpd); Wasit capacity of 140,000 bpd; Nasiriyah capacity of 140,000 bpd; Basra card 140,000 bpd; and al-Faw […]
The Ninewa Investment Forum is taking place from 3rd to 5th December in Erbil. This two-day event will showcase investment-ready businesses to private investors from around the world. Presenting a portfolio of very attractive investment opportunities will spark a virtuous cycle of both exciting project opportunities and increased investor confidence. The event is organized by […]
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Manufacturing small arms – State Company for Military Industries Manufacturing medium arms - State Company for Military Industries (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
The World Health Organization (WHO) welcomes a new contribution of US$24 million from the US Agency for International Development’s Office of Foreign Disaster Assistance (USAID-OFDA) to strengthen primary, secondary and preventive health services in conflict-affected governorates in Iraq. Access to improved life-saving health services will be ensured for approximately 3.5 million beneficiaries in seven governorates […]
By John Lee. Protesters in Iraq have reportedly blocked the country’s second-largest commercial port on Tuesday. According to Fox News, they halted operations at the Khor al-Zubair port as oil tankers and other trucks were unable to enter or exit. They have also obstructed access to Umm Qasr port. (Source: Fox News)
By John Lee. Gulf Keystone Petroleum (GKP) has announced the appointment of Ian Weatherdon as Chief Financial Officer ("CFO"). Mr Weatherdon has over 25 years' experience in the international oil and gas industry and joins GKP from Sino Gas & Energy Holdings Limited where he was CFO. Sino Gas is an energy company focused on […]
By John Lee. Scottish-based KCA Deutag has announces that its land drilling operation has won new contracts in the Middle East, Africa and Europe. In Iraq, two of the company's rigs have had their contracts extended by one year. KCA Deutag currently has three rigs in Iraq. (Source: KCA Deutag)
