Gulf Keystone, Shaikan Payment Update
Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $15.0 million has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil export sales in October 2016. Gulf Keystone and the KRG's Ministry of Natural Resources ("MNR") continue to work towards agreeing the final form of the invoices for May to […]
IBBC Opens New Office on London’s South Bank
The Iraq Britain Business Council (IBBC) has relocated its London office south of the river to Lambeth, a short walk from its old premises in Westminster. The IBBC team moved into the new office, which is located in Westminster Tower along Albert Embankment, in late November 2016. It shares the space with the AMAR Foundation, […]
Military Strikes Continue Against ISIL 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 yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Rocket artillery and bomber, fighter […]
ISIL on Run in Eastern Mosul, Pentagon Spokesman Says
Iraqi security forces are finishing clearing operations in eastern Mosul while Islamic State of Iraq and the Levant fighters have ceased fighting and are on the run, Pentagon Press Operations Director Navy Capt. Jeff Davis said today. Speaking with reporters, Davis said ISIL fighters are moving to Mosul’s north bank of the Tigris River to […]
Iraqis Offer Turkish Firms $200m Project in Baghdad
By John Lee. Following a visit by the Turkish Prime Minister Binali Yıldırım (pictured) to Iraq last week, an Iraqi business delegation has come to Turkey and proposed a $200-million construction project in Baghdad to Turkish businessmen. Tevfik Öz, a member of the board of the Turkish-Iraqi Business Council, told Daily Sabah that the Iraqi […]
Nearly Half of Kurdish Businesses Pay no Tax
From Rudaw. Re-published with permission by Iraq Business News. Of nearly 25,000 registered companies in the Kurdistan Region, only around 13,000 of them pay corporate income tax, according to a new report from the Directorate of Taxes and Public Properties in Erbil. General manager of the directorate, Dr. Kamal Tayyib, told Rudaw the systematic tax […]
Iraq Third from Bottom in "Passport Power"
By John Lee. Iraq has been rated third-last in a ranking of the 'passport power' of 199 countries around the world. The list, compiled by passportindex.org, ranked passports by their ability to allow persons to travel visa-free to other destinations. Top of the list was Germany, followed by Sweden and Singapore, while Iraq comes in […]
In Iraqi Kurdistan, a Security Camera on Every Corner
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. In Iraqi Kurdistan, a Security Camera on Every Corner In Iraqi Kurdistan businesses can’t get a license unless security cameras are installed. But locals say cameras are unregulated and an […]
Iraqi Journalist "Beaten by Party Officials"
The International Federation of Journalists (IFJ) and its affiliate the Kurdistan Journalists Union (KJU) have condemned the brutal attack on a journalist by armed militia from the ruling party in the Kurdistan Region of Iraq. On 15 January, Iraqi journalist Karwan Haji, working for Afro and Kanky-Lash newspapers, was brutally attacked by armed militia from the […]
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: 19th Jan 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ1074 (+0.2%) / $1068 (+0.6%) (weekly change) (+11.9% and +12.8% YTD change, respectively). The number of week traded […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Political Affairs Officer, Field Missions Human Resources Document Management Assistant, United Nations Assistance Mission for Iraq (UNAMI) Administrative Assistant, United Nations Assistance Mission for Iraq (UNAMI) Programme Associate, United Nations Assistance Mission for Iraq (UNAMI) IT Client Services Assistant, United Nations Assistance Mission […]