Genel Energy has announced a return to profit. In its audited results for the year ended 31 December 2017, Murat Özgül (pictured), Chief Executive of Genel, said: "Another year of consistent payments by the KRG and a disciplined capital allocation strategy helped to generate material free cash flow in 2017. This was enhanced in the […]
Press Release We live in a very uncertain world, currently fraught with geopolitical tensions, social upheaval and economic ups and downs. For these reasons – and more – people around the world, and especially in the Middle East, are increasingly looking for second citizenships to protect their assets and, more importantly, ensure a secure and […]
The Board of the AMAR International Charitable Foundation is to expand and strengthen its Finance Committee. It will now be chaired by leading financial businessman and AMAR supporter, Mr Michael Boardman. The present Chairman, Mr Chris Frost is standing down, but will continue to advise AMAR in a different capacity. Jonathan Ayres, the Chief Financial Officer […]
The United States Agency for International Development (USAID) concluded a two-day workshop in Baghdad with 33 organizations seeking to create and design activities together that will assist in the voluntary return of displaced Iraqis to the Ninewa Plain and western Ninewa, and to encourage those who are already in their communities to remain. The workshop […]
In continuing of training session conducted in April-May 2017 for the potential construction companies throughout Iraq, UNDP Country Office Iraq is planning to conduct another training session for the potential Construction Firms/Companies as per the following details: Training Session for Sinjar Bidders – 3 & 4 April 2018 - Baghdad Training Session for Baghdad & […]
A U.S.-led coalition task force named Task Force Lion, part of Operation Inherent Resolve, is continuing its efforts to support the Iraqi government in its fight against the remnant forces of the Islamic State of Iraq and Syria, the task force’s commander told reporters at the Pentagon today via satellite from Iraq. Task Force Lion’s […]
By John Lee. Iraq's Ministry of Oil has invited international companies to bid for three new oil refineries, to be build on BOOT or BOO bases: Kut, in Wasit governorate, with a capacity of 100,000 bpd; Hadeetha, in Anbar governorate, with a capacity of 70,000 bpd; Diwaniya governorate, with a capacity of 70,000 bpd. (Source: […]
By John Lee. Soccer's governing body FIFA has lifted its three-decade ban on Iraq hosting international football. FIFA President Gianni Infantino is quoted as saying that this will allow international matches to be played in Erbil, Basra (pictured) and Karbala, where the security situation was considered to be "stable", but not yet in Baghdad. Iraq […]
By John Lee. With support from Global Affairs Canada, the Institute on Governance (IOG) is implementing a large scale project on fiscal federalism and decentralization in Iraq. While the project has a wide range of good governance and capacity-building objectives, one of its specific goals is to empower women to step into leadership roles. The […]
The United Nations Assistance Mission for Iraq (UNAMI) Human Rights Office (HRO), within its program of technical support to civil society organizations in the Kurdistan Region, conducted a “Specialized Training on Preparation of the Shadow Report for Treaty Bodies: the CEDAW Convention” in Sulaimaniyah. Representatives from 21 NGOs in Sulaimaniyah participated in the training, 12 […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th Mar 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD927 (-1.2%) / $878 (-1.2%) (weekly change) (+14.3% and +17.1% YTD change, respectively). The number of week traded […]
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Mohammad Hassan worries about the steady decline in the number of customers who come to his shop in Baghdad’s Souk al-Safafeer, the legendary copper market in the neighborhood of Bab […]
