By Ahmed Tabaqchali, for 1001 Iraqi Thoughts. Iraq's new entrepreneurial generation of civil activists' sense of civic duty flourished during the trauma brought by the ISIS takeover of a third of the country in 2014, and has continued to grow since then as reviewed in a recent report. The report into "A New Generation of […]
The U.S. Embassy in Baghdad hasd advised all U.S. citizens of heightened tensions in Iraq and the requirement to remain vigilant. Actions to Take: Do not travel to Iraq Avoid places known as U.S. citizen gathering points. Keep a low profile Be aware of your surroundings Assistance: U.S. Embassy Baghdad Al-Kindi Street, International Zone, Baghdad […]
IOM Iraq’s Enterprise Development Fund (EDF) encourages rapid, large-scale private sector job creation and economic recovery through tailored support to Small and Medium Enterprises (SMEs). The EDF is a financing mechanism that provides SMEs with financial capital to contribute to their recovery and/or expansion. To assess the capacity of the market to absorb medium-sized grants, […]
By John Lee. The China Petroleum Engineering and Construction Corporation (CPECC) has been awarded a contract to recover natural gas from the Halfaya oilfield. Planned production is put at 300 million standard cubic feet of gas per day, according to a statement from Iraq's Ministry of Oil. (Source: Ministry of Oil)
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. Standard Chartered bank is reportedly reviving stalled plans to open a new branch for corporate customers in Basra in the first half of 2020. This would be the UK-based bank's third branch in Iraq. Its Iraq CEO Mohammed Jawad Al-Delaimy told Bloomberg: “Security in Iraq has improved dramatically ... We have witnessed […]
By John Lee. Japex is reportedly planning to increase production at the Gharaf oil field from around 90,000 barrels of oil per day (bpd) currently to 230,000 bpd by the end of 2020. S&P Global Platts quotes Japex director Michiro Yamashita as saying that the company has allocated capital expenditure of $460 million for the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th May 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD596 (+1.8%) / $642 (+1.8%) (weekly change) (-9.6% and -9.6% YTD change, respectively). The number of week traded […]
By Padraig O’Hannelly. Building a successful business means delivering what you promise. When I recently needed to go to Baghdad at short notice, I remembered a conversation I had with Abir Burhan, Operations Director of Al-Burhan Group: “Any time you want to go to Iraq,” he said, “we can take care of your visa, flights, […]
By John Lee. The National Investment Commission (NIC) has published details of a new round of solar energy projects: The Ministry of Electricity is please to invite local, regional and international Independent Power Producers (IPP) to submit Expressions of interest (EOI) to embark into a proposed reverse auctioning round for SEVEN (7) Green field solar […]
By John Lee. At its regular meeting in Baghdad on Tuesday, the Iraqi Cabinet received a briefing on negotiations led by Iraq’s Ministry of Oil with ExxonMobil and PetroChina on the Southern Iraq Integrated Project. In a statement, the government describes the project as "a mega energy and infrastructure scheme consisting of building oil pipelines, […]
By John Lee. President Barham Salih has highlighted the need to address the obstacles impeding the work of the private sector in Iraq. Addressing a delegation from the Iraqi Federation of Chambers of Commerce at his Office in Baghdad, the President stressed the importance of enhancing the role of the private sector in reconstruction. Mr. […]
