Abadi Removes Grain Board Officials
By Simon Kent. Nine senior officials at Iraq's Grain Board have been relieved of their jobs, although no details of the dismissals have been reported. The Grain Board has a critical responsibility for procuring grain imports, strategically vital for feeding a country with a growing population and an agricultural sector threatened by acute drought. The […]
UK Hits IS in Multiple Air Strikes
By Simon Kent. Following on from France's recent escalation of bombing against the so called "Islamic State" in Syria, the UK appears to have followed suit with a similar escalation in Iraq. According to a UK Ministry of Defence briefing reported in The Huffington Post, British jets from the Royal Air Force killed at least 30 militants […]
Iraq and Egypt Announce Energy Cooperation
By Simon Kent. Iraq and Egypt are working on a plan to export Iraqi oil through Jordan to Egypt, for refining in Egypt and re-sale to the European market, Reuters reports. The three countries have already signed an agreement for this plan, part of Egypt's strategy to regain a degree of self suffiency for domestic energy needs […]
Iran to Add Rigs at Shared Oilfield
The First Deputy Managing Director of the National Iranian Drilling Company (NIDC) said the company will add two more drilling rigs to the development project at South Azadegan oilfield, which is shared between Iraq and Iran. Mohammad Reza Takayedi told Shana that NIDC has been tasked with drilling operations of 40 wells in a 24-month […]
Mass Grave Discovered in Sinjar
By Simon Kent. Kurdish and Yezidi forces made the grim discovery of a mass grave over the weekend, containing the remains of up to 70 women near the town of Sinjar. Sinjar, a key town on the approach to ISIS occupied Mosul, is home to many of the Yazidi community and was recently recaptured in a […]
Iraqi Forces Advance into Ramadi
By Simon Kent. Iraqi army forces, supported by pro-government Sunni tribes and US air strikes, have advanced into central Ramadi according to officials quoted in UPI. The reported capture of the train station in the centre of the town would mark the culmination of a series of "shaping operations" to cut off ISIS from their […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th Nov 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID999 / $1,036 (-3.4%) (weekly change) (-28.9% and -30.1% YTD change, respectively). The number of week traded shares […]
KRG to Export Oil through Iran
BasNews reports that the Kurdistan Regional Government (KRG) is planning to build pipelines transporting oil and gas to and from Iran. Abdullah Akrayi, the Head of the KRG’s Department of Relations with Iran, told BasNews that Erbil has resumed discussions with Tehran to establish two pipelines importing gas from Iran and sending KRG oil to […]
Honeywell Wins Contract at Karbala Refinery
Honeywell has announced that it will provide industry-leading process technology and advanced automation controls to Iraq’s Karbala refinery, now under construction in Karbala Province, about 120 kilometers south of Baghdad. According to a statement from the company, the grassroots refinery will use industry-leading refining processes from Honeywell UOP and automation controls from Honeywell Process Solutions […]
Oil Pipeline with Jordan 'a Priority' for Iraq
By John Lee. Iraqi Finance Minister Hoshyar Zebari has said that the oil pipeline between Iraq and Jordan is a priority for the Iraqi government. He told the Jordanian news agency Petra that Baghdad is currently considering the best alternatives to change the pipeline’s course to pass through safer areas inside the country. The added […]
Dhi Qar Signs MoU with Korean Firms for Infrastructure
The local government in Dhi Qar province has signed a memorandum of understanding with a number of Korean companies in various fields, notably investment, infrastructure, and construction of residential complexes. The head of Dhi Qar province Council, Hamid Naeem Gizi said in a statement: "After series of meetings with a group of Korean companies , […]
Video: N. Iraq faces Bankruptcy amid Falling Oil Prices
Falling oil prices have driven the Kurdish region of northern Iraq to the brink of bankruptcy. Government salaries have not been paid for months, and citizens are suffering - some are being forced to take second jobs. Al Jazeera's Imran Khan reports from Erbil: