Iran’s Deputy Energy Minister for Electricity and Energy Affairs Houshang Falahatian (pictured) has stated that the power grids of Iran and Iraq will be interconnected in mid-November 2017. “Iran is ready to take a serious part in reconstruction of the Iraqi electricity grid once terrorists have been eliminated from the area” Falahatian added. He also […]
By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Mlitary commanders and diplomats from both Iran and the United States are swarming Iraqi Kurdistan in a last-ditch attempt to convince the Kurds, an important ally in the war against the Islamic State […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Monday, conducting 13 strikes consisting of 21 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
The Ministry of Labour and Social Affairs announced that the World Bank has allocated $200 million to implement an emergency project to support stability in the liberated areas. An official spokesman for the Ministry of Labour and Social Affairs stated: “The World Bank has allocated $200 million for the implementation of the emergency project to […]
Shares in Gulf Keystone Petroleum (GKP) were trading down 3 percent this morning following the announcement of its results for the half year ended 30 June 2017. Reuters quotes analysts at Cenkos Securities as saying that further clarity on payment is required before GKP can commit to proper capital expenditure. Highlights to 30 June 2017 […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The Tureibil crossing, or more commonly known as the Karameh border crossing, between Jordan and Iraq reopened in early September in tandem with the opening of another border […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's Prime Minister says he is prepared to use military force if a planned referendum on Kurdish independence turns violent. The Kurds in Iraq have come under increasing pressure from regional powers and […]
U.S. and coalition military forces have continued to attack the Islamic State of Iraq and Syria, conducting 94 strikes consisting of 126 engagements in Iraq and Syria over the last two days, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Assessments of results are based on initial reports, officials said. Strikes in Syria […]
Russian oil company Rosneft has completed its due diligence on infrastructure of the export oil pipeline in Iraqi Kurdistan (‘KROP”) and will shortly finalise the legally binding documents on oil pipeline project under the Investment Agreement signed at St. Petersburg International Economic Forum in June 2017. The Kurdistan Regional Government of Iraq and the Company […]
By John Lee. Pakistan International Airlines (PIA) has reportedly commenced direct flights between Karachi and Najaf. Flights are scheduled for Tuesdays, Thursdays and Saturdays, using a single-class Airbus A320. (Sources: Pakistan Aviation, Dawn)
By Mohammed Khudairi, for Bite.Tech. Re-published with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Through many visits to Iraq and exciting conversations with visionaries like Hal Miran, I began to learn about Iraq’s budding world of startups, incubators and entrepreneurs. Communities and organizations […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th Sept 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD786 (+0.5%) / $807 (+0.4%) (weekly change) (-18.1% and -14.8% YTD change, respectively). The number of week traded […]
