Following extensive discussions, the Iraqi Ministry of Oil and Baker Hughes, a GE company (BHGE) signed a contract for fast-track solutions to help the recovery of flare gas in line with the country’s strategy for energy sector development. An advanced modular gas processing (NGL) plant has been recommended for Nassiriya as part of the initiative […]
By John Lee. Iran and Iraq have signed a Memorandum of Understanding (MOU) to set up joint industrial zones. Iran's Minister for Industry, Mining and Trade, Mohammadreza Nematzadeh and Iraqi Minister for Industry and Minerals Mohammed Shia 'Al Sudani signed the agreement on Sunday. Minsiter Al Sudani said he future of Iraq is to increase […]
By John Lee. Iraq's parliament will reportedly question acting Trade Minister Salman al-Jumaili over allegations of corruption. Member of Parliament Alia Nassif told Reuters that the Minister will be questioned on 3rd August over import deals for contaminated rice and licences for new mills. amongst other issues. In 2015 authorities issued an arrest warrant for […]
KRG Prime Minister Nechirvan Barzani received Mr. Martin Warr, the new Consul General of the United Kingdom in Erbil, and his accompanying delegation. Consul General Warr commended the role of the Peshmerga forces in the fight against ISIS and the Kurdistan Region for hosting large numbers of internally displaced people, who fled ISIS atrocities and […]
The Prime Minister of Iraqi Kurdistan, Nechirvan Barzani, has received Iran’s new ambassador to Iraq, Mr. Iraj Masjedi, accompanied by Iran’s Consul General in Erbil. Recalling old relations between Kurdistan Region and the Islamic Republic of Iran, Ambassador Masjedi expressed his wish to further develop the ties between Erbil and Tehran. He expressed his readiness […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 29 strikes consisting of 36 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition […]
By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. While Iraq’s war against terror is far from over, the conclusion of the Mosul offensive should mark the high point in the cost of […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th July 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD782 (-2.8%) / $802 (-2.8%) (weekly change) (-18.5% and -15.3% YTD change, respectively). The number of week traded […]
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 […]
The Government of the UK has contributed an additional US$5.2 million to UNDP’s Funding Facility for Stabilization (FFS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL). This brings the UK’s total contribution to FFS to US$15 million to date. Based on priorities identified by the Government […]
The Security Council today extended the mandate of the United Nations political mission in Iraq until 31 July 2018, also calling upon that country's Government to continue providing security and logistical support to the Organization's presence on the ground. Unanimously adopting a resolution, the Council also decided that the UN Assistance Mission for Iraq (UNAMI) […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Saturday, conducting 29 strikes consisting of 46 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, […]
