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:
Iran, Iraq Sign 6-Year Gas Deal
Iran has agreed to send 35 mcm/d of its gas to the Iraqi city of Basra for a period of 6-years. Based on the deal, signed by Head of National Iranian Gas Company (NIGC) Reza Araqi and Iraqi Deputy Minister of Electricity Khalid Hassan Saleh, Iran will supply 20mcm/d of natural gas to Basra in […]
Oryx Petroleum 3Q Results and 2016 Capital Budget
Oryx Petroleum has announced its financial and operational results for the three and nine months ended September 30, 2015 and its capital expenditure budget for 2016. All dollar amounts set forth in this news release are in United States dollars, except where otherwise indicated. Financial Highlights: Total revenues of $4.2 million on working interest sales […]
Strikes Target ISIL Terrorists in Syria, Iraq
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter, attack, and […]
Why Iraqi Women are Turning to the Internet to Buy Books
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The deteriorating security situation in the Iraqi capital has prevented Noor Jamal Abdul Hamid from going to Mutanabbi Street to shop for books and stationery. Abdul Hamid is a young woman who […]
Iraq in the Global Marketplace
By Padraig O'Hannelly. This week in London, the Iraq Britain Business Council (IBBC) held its annual Autumn Conference, taking as its theme "Iraq in the Global Marketplace". A full house of senior executives, diplomats and public officials shared their views and experiences of business in Iraq, and discussed what Iraq can do to raise its […]