By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Oil, budgets, Kirkuk still nag Baghdad-Erbil relations Meetings last month between representatives of Iraq's federal government in Baghdad and the Kurdistan Regional Government (KRG) in Erbil failed to produce […]
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
By John Lee. The economic agreements signed between Kuwait and Iraq have recently raised concerns among Iraqi experts, who warned against “political courtesy” at the expense of the country’s interests in relation to the proposed free trade zone on the border between the Iraqi city of Basra and Kuwait. A member of the Council of […]
By John Lee. A Scottish sweet manufacturer is reportedly seeing sales of its fudge and toffee surge in Iraqi Kurdistan. According to a BBC report, Golden Casket linked up with Sulaymaniyah-based businessman Farhad Haseb to sell the confectionery to upmarket stores in Erbil and Dohuk, as well as other towns and cities in the region. […]
By John Lee. Spartan Air Academy Iraq LLC, Irving, Texas, has been awarded a $31,477,060 task order, against indefinite-delivery/indefinite-quantity contract for continued Air Academy training in support of the Iraqi Air Force. Work will be performed at Balad Air Base, Iraq, and is expected to be completed by July 8, 2020. This award is the […]
By John Lee. Shares in Philippines-based International Terminal Container Services Inc. (ICTSI), which operates the Basra Gateway Terminal (BGT) (pictured) at the port of Umm Qasr, have closed up more than 6 percent on Wednesday following a strong set of results. The company said in a statement: "Net income attributable to equity holders of US$128.5 […]
By John Lee. Iraq's Oil Ministry has confirmed that the Al-Sumoud refinery in Baiji is operating at capacity, following a fire in the area. The director general of the North Refineries Company (NRC), Qassem Abdul Rahman, said the fire was near the refinery but not in it. He pointed out that: "The fire that broke […]
By John Lee. Abu Dhabi National Energy Company PJSC (TAQA) has announced that the group’s oil and gas business delivered strong performance with an 11% increase in revenue, mainly driven by increased production volumes from its assets in Europe and Iraq. In its financial results and operational highlights for the six-month period ending June 30, […]
By John Lee. The Mandali border crossing between Iraq with Iran has reported been closed following an order from Iraqi Prime Minister Adil Abdul Mahdi’s office. Reports say the move was in response to allegations of corruption and mismanagement. (Source: hathalyoum)
Fruit prices plummeted considerably during the summer harvest season in the Kurdistan Region, so much so that the price of harvesting the fruits and transporting them to wholesale markets sometimes outweighs their sale price. In the past, farmers used to dry these fruits and sell them that way to make a profit. But nowadays, 95 […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Is positive sentiment toward Israel on the rise in Iraq? Israeli Foreign Minister Yisrael Katz (pictured) expressed his gratitude to Iraqis on Facebook July 24, stating he was thankful for […]
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Rehabilitation of 8 factories – State Company for Glass and Refractories Industry (SCGR) (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
