By John Lee. The Iraqi parliament has approved Prime Minister Adil Abul-Mahdi's nominees to three key ministries, according to Associated Press: Defense: Najah al-Shammari; Interior: Yassin al-Yassiri; Justice: Farouq Amin Othman. The positions have been vacant since October. A nominee for the position of Minister for Education -- Safana al-Hamdani -- however, failed to receive […]
By John Lee. Iraq and Iran have reportedly signed a memorandum of understanding (MOU) relating to cooperation in the tourism sector. According to Tehran Times, the document includes the areas of medical tourism and religious tourism, and was agreed between Iran’s Cultural Heritage, Handicrafts and Tourism Organization, and Iraq’s Ministry of Culture, Tourism and Antiquities. […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq exports around 3.5 million barrels of oil a day. Heightened regional tensions between the US and Iran and recent attacks on oil tankers in the Gulf have heightened security fears. The government […]
By John Lee. ExxonMobil's giant oil project in southern Iraq is reportedly on hold. According to Reuters, a combination of contractual difficulties and security concerns is delaying agreement on the $53-billion Southern Iraq Integrated Project, which includes the construction of a water treatment plant needed to boost oil production. The deal would have seen Exxon […]
A top commander voiced Iran’s readiness to provide neighboring Iraq with whatever means necessary for air defense. In comments on Sunday, Commander of Khatam al-Anbia Anti-Aircraft Base of the Iranian Army, Brigadier General Alireza Sabahi Fard, said the Iranian Air Defense is fully prepared to satisfy Iraq’s air defense demands in all areas. By relying […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iran already turning Iraq into battleground against US As tension intensifies between Washington and Tehran, attacks against US interests in Iraq are increasing quickly and significantly. A short-range Katyusha missile on June 19 hit the […]
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 […]
Shares in Gulf Keystone Petroleum (GKP) closed Friday up 3.5 percent after the company issued the following operational and corporate update ahead of its AGM: Operational Workovers on SH-1 and SH-3 have now been completed, resulting in the anticipated material production uplift at both wells. Production from SH-1 has increased by 105% to 7,800 bopd […]
IBBC to host Iraq’s President and government ministers during upcoming official visit to the UK. The Iraq Britain Business Council (IBBC) has announced that it will be hosting H.E. Dr Barham Salih, President of the Republic of Iraq, and a number of high-ranking government ministers during their upcoming official visit to the UK next week. […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th June 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD661 (+0.8%) / $712 (+0.8%) (weekly change) (+0.3% and +0.2% YTD change, respectively). The number of week traded […]
EU Provides Additional EUR 2M to IOM Iraq for Critical Infrastructure Improvements in Camps Five years after the onset of the ISIL crisis and the subsequent massive internal displacement, over half a million Iraqis continue to live in camps. The European Union (EU) has awarded an additional EUR 2 million to IOM in Iraq to make critical […]
By John Lee. The state-owned Trade Bank of Iraq (TBI) has reportedly signed a Memorandum of Understanding with India-based ESDS Software Solution to develop financial technology and a cloud platform in Iraq. According to Zawya, Alpen Capital (ME) Limited acted as the sole advisor for the transaction between the two firms, which aims to "establish […]
