Advertising Feature Note: ISX will be closed starting from Sep. 1, 2017 to Sep. 5, 2017 due to the religious holiday of Eid Al-Adha. The next session will be held on Wednesday (Sep. 6, 2017). Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th Aug 2017). Please click here to download a table […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Saturday, conducting 15 strikes consisting of 24 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, […]
By John Lee. South Korean electronics maker LG Electronics has reportedly opened its largest overseas brand shop in Iraq. The two-floor shop covers 870 square meters in the main commercial district of Erbil. Around 200 government and media officials attended an opening ceremony, according to a report from Nation Multimedia. (Source: Nation Multimedia)
Speedcast International Limited has announced it has been awarded a VSAT (Very Small Aperture Terminal) license to operate in Iraq through its locally-licensed entity, prompting the completion of a new systems integration project providing managed network services for an international oilfield services group in the country. The VSAT license is a strict new requirement as […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Kurdistan Regional Government in northern Iraq says the date to hold an independence referendum has been set and won't be changed. That was in response to a request by US secretary of […]
By John Lee. Saudi Arabia is reportedly planning to re-open the Arar [Ar'ar] border crossing with Iraq for the first time since 1990. Sohaib al-Rawi, the governor of Anbar province, is quoted as saying that the Iraqi government had deployed troops to protect the desert route leading to Arar and called its opening a "significant […]
The Commission of Integrity has denied reports on the release of Iraqi Airways chairman following his arrest "red-handed" taking a bribe. A commission statement on August 15 said that reports by some media outlets that claimed the release of Samer Kabba, the Iraqi Airways chairman, were untrue. The statement said the investigating judge referred the […]
By John Lee. The governor Basra has reportedly stepped down and gone to Iran following an investigation by the Integrity Commission into allegations of corruption against him. The Integrity Commission has asking the foreign ministry in Baghdad to ask Iran to repatriate Majid al-Nasrawi. According to a report from Reuters, a Basra-based politician close to Nasrawi […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Tuesday, conducting 21 strikes consisting of 41 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, […]
Iraqi Interior Minister Qasim al-Araji (pictured) has said that Saudi Prince Mohammad bin-Salman has "officially asked Iraq to act as a mediator between Tehran and Riyadh to reduce tensions." According to a news agency report, Al-Araji made the remarks at a joint press conference with his Iranian counterpart Abdolreza Rahmani-Fazli in Tehran. Referring to his […]
Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $15.0 million ($12.0 million net to GKP) has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil export sales for April 2017. Company's current cash position is $140.3 million. On August 8th, cumulative production from the Shaikan field reached 40 million barrels; […]
ENKA's Sulaymaniyah 1,500 MW Combined Cycle Power Plant in Iraq has been recognized as the Global Best Project of 2017 by Engineering News-Record (ENR) under the Power/Industrial category. Constructed between 2013 and 2016, the plant is designed to work on two types of fuel – natural gas as the primary and diesel as the secondary […]
