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. As more factions within Iraq’s Popular Mobilization Units (PMU) are being designated as terrorists by the US administration on account of their close ties with the Iranian side, Tehran is moving toward pulling […]
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 […]
Kuwait Energy has announces that the Royal Court of Jersey has approved the acquisition of the company by Gold Cheers Corporation Limited, a wholly-owned subsidiary of United Energy Group Limited (UEG), by means of a scheme of arrangement. The consideration to be paid under the transaction will be US$477,248,630.20 which equates to a per share […]
By John Lee. A ferry on Tigris River near Mosul sank on Thursday afternoon, leaving at least 93 dead. According to Xinhua, the ferry capsized because of "high water levels" while crossing from the bank of the river to a small tourist island called Um al Rabeein. It cites a civil defense source as saying […]
IBBC Spring Conference 2019 Iraq – Financing a Modern Economy 10 April, The Mansion House, London The Iraq Britain Business Council (IBBC) invites you to attend its Ninth Annual Conference at the Mansion House on the 10th of April. This year’s conference is organised in partnership with the Central Bank of Iraq and the Iraqi […]
By John Lee. Shares in Genel Energy were trading down four percent on Wednesday morning after the company announced its audited results for the year ended 31 December 2018, in which it wrote down its Miran asset by $424 million. Despite this, Genel says it can now initiate "a material and sustainable dividend policy", with […]
By John Lee. The Trump administration has reportedly granted Iraq a further 90-day extension to the waiver exempting it from US sanctions on Iran. CNBC quotes a senior State Department official as saying on condition of anonymity: "While this waiver is intended to help Iraq mitigate energy shortages, we continue to discuss our Iran-related sanctions […]
By John Lee. A Turkish airline will start new services from Diyarbakir and Gaziantep to Erbil from 21st March. AnadoluJet, a subsidiary of Turkish Airlines, plans to offer three flights per week to each location. (Source: AnadoluJet)
By John Lee. The head of Iraq's National Investment Commission (NIC) has said that the Iraqi provinces are "fertile lands for investment" and have natural and human resources that enable them of making any investment project succeed. Dr Sami al-Araji added that if capital is looking for a secure environment, then Iraq welcomes it under […]
By John Lee. US-based QSC has announced that GSL Professional will begin distributing QSC Systems and Live Sound portfolios in the GCC (Gulf Cooperation Council) region, including Iraq, beginning 1 July 2019. Ron Marchant, Senior Director Sales Management, QSC EMEASA, said: “As QSC continues to expand the Q-SYS Ecosystem and Live Sound portfolio and focus […]
By John Lee. Iraq's National Investment Commission (NIC) has hosted a workshop on investing in the tourism sector and hotels business in Iraq. The event was prepared in cooperation with the US Department of Commerce and the US Embassy in Baghdad, and was attended by the heads of the five-star hotels in Baghdad and other […]
A U.S.-Iraq Security Partnership: Avoiding the Pitfalls Just Ahead The dust of last year’s final campaign to destroy the Islamic State “caliphate” had hardly settled before talk of expelling U.S. forces began to circulate in Iraq’s newly seated Council of Representatives (COR), according to a report from The Washington Institute for Near East Policy: "This […]
