By John Lee. The Kurdistan Democratic Party (KDP) and Patriotic Union of Kurdistan (PUK) have reportedly signed a four-year political agreement which includes measures to speed up the formation of the new Kurdistan Regional Government (KRG). According to a report from Rudaw, KDP deputy president Nechirvan Barzani and the PUK's acting leader Kosrat Rasul Ali […]
The government of Japan has donated US$3.4 million to provide lifesaving health and nutrition assistance for vulnerable children in conflict affected areas in Iraq. Approximately 4.2 million people have returned to their homes after fleeing the violence that erupted in 2014, however many find their homes and communities have been reduced to rubbles and essential […]
By Alexander Southworth, Iraq Britain Business Council (IBBC). Exploring Tech in Iraq: ‘Hackasuly – Promoting Tech Literacy for a New Generation of Iraqis’ “Education is the most powerful weapon which you can use to change the world”. In a country which has seen its fair share of weapon misuse over the last few decades Mandela’s […]
By John Lee. Iraq’s Ministry of Oil has announced interim oil exports for February of 101,387,615 barrels, giving an average for the month of 3.621 million barrels per day (bpd), down from the 3.649 bpd exported in January. These exports from the oilfields in central and southern Iraq amounted to 99,120,006 barrels, while exports from […]
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 […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th February 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD577 (-4.6%) / $621 (-4.4%) (weekly change) (-12.5% and -12.5% YTD change, respectively). The number of week traded […]
By John Lee. Zain Iraq and Ericsson have announced an Internet of Things (IoT) competition for university students in Iraq. The first-of-its-kind competition will run for six weeks during which the students are invited to present use cases to address the possibilities of 5G-IoT and industry digitalization and ultimately capture their full business potential. The […]
Support for Iraq stabilization continues with EUR 2.4 million contribution from Italy The Government of Italy has contributed an additional USD 2.7 million (EUR 2.4 million) to UNDP’s Funding Facility for Stabilization (FFS) supporting communities affected by the Islamic State of Iraq and the Levant (ISIL), taking its total contribution to USD 12.9 million. “Iraq […]
Iranian President Hassan Rouhani will travel to Iraq on March 11 for an official visit. Heading a high-ranking delegation, the Iranian president will be visiting the Arab country at the official invitation of Baghdad. It will be Rouhani’s first official visit to Iraq during his tenure. On Monday, Iranian Deputy Foreign Minister Abbas Araqchi met […]
By John Lee. Qatar's Minister of Education and Higher Education Dr Mohamed Abdul Wahed Ali al-Hammadi has met with Iraq’s Minister of Higher Education and Scientific Research Dr Qusai al-Suhail in Qatar. During the meeting they discussed cooperation in the fields of higher education and scientific research and ways to support and promote them. (Source: […]
By John Lee. Genel Energy has announced that approval has been given by the Kurdistan Regional Government (KRG) regarding the acquisition of stakes from Chevron in the Sarta and Qara Dagh (pictured) blocks, in the Kurdistan Region of Iraq. According to a statement from the company, the acquisitions have now closed and Genel therefore has […]
By John Lee. A Chinese company has reportedly won a contract to build a natural gas liquids (NGL) plant in Basra. According to Xinhua, China's Petroleum Engineering and Construction Corporation (CPECC) signed the contract on Wednesday with Iraq's Basra Gas Company (BGC). As a result of the new plant, BGC will increase its gas production […]
