By John Lee. Prime Minister Dr. Haider Al-Abadi has chaired a meeting to review the draft general budget for 2018. At the meeting, which was attended by a number of senior officials from the Ministry of Finance, he stressed the importance of reducing operating expenses to ensure that salaries, pensions and social protection benefits can […]
By John Lee. Mobile phone operators based in Iraqi Kurdistan have reportedly been told by the Iraqi government to move their headquarters to Baghdad, following the region’s recent vote for independence. Asiacell is based in the Kurdish city of Sulaymaniyah, while Korek is based in Erbil; Zain, however, is based in Baghdad. According to a […]
By Ali Hashem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Up until the last day before the Sept. 25 Kurdish independence referendum, Iran was still dealing with the event with a sense of disbelief and with the misconception that it would be called […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria over the previous two days, conducting 95 strikes consisting of 109 engagements Oct. 7 and yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. A Navy F/A-18E Super Hornet receives fuel from an Air Force 340th Expeditionary Air […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. This is a summary of a PowerPoint presentation prepared for and to be delivered before the international “8th Turkey Energy Summit Congress”, held at Antalya, Turkey, 10-11 October 2017. The presentation was […]
Petrofac has secured a three-year master services agreement (MSA) to support Gazprom Neft Middle East B.V. with the provision of engineering services on a call-off basis for the Garmian field in the Kurdistan region of Iraq. The MSA was secured following a competitive tendering process and augments Petrofac’s extensive footprint in Iraq, where it has […]
By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has reportedly said that Chevron and Total have expressed interest in developing the Majnoon oilfield. Oil giant Shell is trying to sell its stake in the field following a failure to reach agreement with Iraq’s Ministry of Oil. Reuters quotes the Minister as […]
Iraq has sent an official request to both Turkey and Iran to close all border posts with the Kurdistan Region until the latter hands them over to the federal government in Baghdad. “The Foreign Ministry submitted an official memorandum to the embassies of Turkey and Iran in Baghdad a week ago that included a formal […]
Stabilization in Mosul: 300 projects underway and 10,000 people put to work Three years of ISIL occupation and fierce fighting to retake the Mosul caused widespread destruction. In 10 months, nearly one million Iraqis fled the city. 700,000 are still displaced. Mosul is one of the largest stabilization challenges the people of Iraq and the […]
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 […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Locals in Anbar celebrated when an important Iraqi-Jordanian border crossing was recently reopened. But the drivers who use it say many areas are still too dangerous to pass through. When […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th Oct 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD759 (-1.4%) / $778 (-1.4%) (weekly change) (-21.0% and -17.8% YTD change, respectively). The number of week traded […]
