Prime Minister Nechirvan Barzani received the new Consul General of Germany to the Kurdistan Region, Ms. Barbara Wolf and her accompanying delegation. In the meeting, which was also attended by Kurdistan Regional Government’s representative in Germany, Mr. Dilshad Barzani, Consul General Wolf thanked the KRG for its assistance to the German Consulate General in Erbil. […]
By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Will Riyadh-Tehran rivalry kill Iraqi Kurdistan's investment drive? Iraqi Kurdistan, facing an acute financial crisis, has a newfound opportunity to attract desperately needed foreign investment from Saudi Arabia, but regional tensions between Tehran and Riyadh […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Below is the full Arabic text and source of what was reportedly said by Abdul Alal AL-Yassiry, the Chairman of the Iraqi Centre for Economic and Investment Consultation in Karbala. What prompts […]
Germany's Siemens will upgrade one of the country’s largest gas-fired power plants. Under a new contract, Siemens will add 650 megawatts (MW) to Shatt Al Basra Gas Power Plant, which currently has a power generation capacity of 1,250 MW and consists of non-Siemens turbines operating in simple-cycle mode. Siemens will supply five of its highly-efficient […]
By John Lee. Turkish and Iraqi officials have reportedly announced plans for a feasibility study in advance of opening a new border crossing point 12 kilometers west of Habur. The new crossing would be named Ovaköy. (Source: Hurriyet Daily News)
The Iraqi Cabinet held its weekly regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Haider Al-Abadi. It approved funding to support the implementation of measures to improve public services, with a focus on electricity supply, water, health and education. It also discussed a range of policies to encourage foreign investment, and […]
Prime Minister Nechirvan Barzani chaired the 49th regular session of the Council of Ministers on Tuesday. It was also attended by Deputy Prime Minister Qubad Talabani. Prime Minister Barzani briefed the Council about his recent visit to Baghdad and meeting with Prime Minister Haider al-Abadi. He said, they agreed to continue dialogue and coordination and […]
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 […]
AFP reports that with players banned from travel, executives sacked and a national squad that just withdrew from the Asian Games, Iraqi football is paying the price for a string of age fraud scandals. Read more here. (Source: AFP)
By John Lee. Moqtada al-Sadr has reportedly retained his lead in Iraq’s parliamentary election following a full recount. According to Xinhua, the results showed no change in 13 of Iraq's 18 provinces, and changes in four provinces involving five seat-winners within their own coalitions. The recount did not alter the initial results significantly, with Sadr […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th Aug 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD743 (-1.0%) / $797 (-1.0%) (weekly change) (-8.4% and -4.6% YTD change, respectively). The number of week traded […]
By John Lee. The National Investment Commission (NIC) has announced new investment opportunities in Iraq: Glass production, State Company for Glass and Refractories Industry (SCGR) Drugs and Medical Appliances (Samarra), State Company for Drugs and Medical Appliances (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
