Mega-sized Cargoes Arrive at Iraq Port
The largest cargoes ever to arrive in Iraq have been unloaded at Basra Multipurpose Terminal (BMT), in the port of Umm Qasr. The four LPG Bullets with unit weights of 665 tons were carried on the MV Happy Star. They measure 65 meters in length and 12 meters in diameter, and will be used at […]
Latvian Cosmetics Firm Enters Iraq Market
By John Lee. Latvian cosmetics producer Dzintars has reportedly completed certification of its products in Iraq. According to a report from Baltic Times, it has also made its first deliveries of product into the country. (Source: Baltic Times)
IOM Iraq Publishes Community Stabilization Handbook
IOM Iraq’s Community Stabilization Handbook, published last week, provides an overview of the situation in 15 Iraqi governorates, including 51 communities, and of the achievements of IOM’s Transition and Recovery initiatives in Iraq. More than 3 million Iraqis are currently displaced by the crisis, which began in January 2014. The presence of displaced persons places additional pressure on […]
Video: Residents fear return to Sinjar
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. ISIL may have been driven out of the northern Iraqi town of Sinjar, but most of its people are afraid to return home. Kurdish forces now in charge say they are still discovering […]
Genel Energy Updates on Miran and Bina Bawi Fields
Genel Energy has announced that it has finalised documentation of previously agreed terms of Amended and Restated Production Sharing Contracts ('PSC's) and Gas Lifting Agreements ('GLA's) for both the Miran and Bina Bawi gas fields. The Amended and Restated PSCs and GLAs for Miran and Bina Bawi incorporate the commercial terms as announced in the […]
Iraq to cut Basra Oil Exports again
By John Lee. Reuters reports that Iraq plans to cut crude oil exports from Basra to 3.013 million bpd in March. This would be comprised of 2.207 million bpd of Basra Light blend, and 806,000 bpd of Basra Heavy. According to the report, this would be the lowest Basra export since August. (Source: Reuters)
Iraqi Port Receives Largest Ship to date
Basra Multipurpose Terminal (BMT), in the port of Umm Qasr, has recently welcomed Iraq’s largest vessel do date, the 325 meter-long MSC Rita. The arrival was marked by a visit from the Minister of Transport, Kadhim Finjan, who took the helm and successfully piloted the massive ship safely through the channel. The MSC Rita sails […]
Video: Demonstrations turn Violent in Baghdad
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Seven people, including a police officer, have been killed during a large anti-government rally in the Iraqi capital. What started as an orderly protest, called by Shia cleric Muqtada al Sadr, soon turned […]
Give Iraq’s Children the Childhoods they Deserve
From the AMAR Foundation: All too often, it is children who are the victims of ISIS violence. In Iraq, almost half of the country’s 3.3 million internally displaced persons are under the age of 18. And they have not just lost their homes: thousands have lost friends and relatives, and many have witnessed deeply traumatic […]
Military Strikes Target ISIL Terrorists in Syria, Iraq
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber and fighter […]
GardaWorld Weekly Security Report
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 […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th Feb 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ1073 (-0.3%) / $1079 (-0.3%) (weekly change) (+12.1% and +14.3% YTD change, respectively). The number of week traded […]