Video: Border Crossing Offers Syrians a Lifeline
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A border crossing between the Kurdish Region of northern Iraq and Syria has become a lifeline for thousands of Syrians. About 150 people seeking refuge or to buy essential supplies cross a river […]
Video: Iraq Sees Worst Violence in Years
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Tribal chiefs in Iraq have issued a dire warning about the country's future after the latest wave of sectarian violence. Sunni leaders in Ramadi say there'll be all out war if Iraq doesn't […]
News Flash - 20 May 2013
By Tom Walker, Director, Assaye Risk NEWS FLASH Levels of violence rose dramatically during this brief reporting period with multiple high impact attacks across the country, especially in the central and southern belts. With Friday Prayers in Baquba and Baghdad heavily targeted nearly 93 people were killed in one day, the highest total of any […]
Dana Gas Reports Strong Profit Growth
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced its financial results for the first quarter ended 31 March 2013 with a net profit after tax of AED 241 million (US$ 66 million), an increase of 17% as compared to AED 206 million (US$56 million) in Q1 2012. Revenue […]
Iran to Boost Diesel Exports to Iraq
By John Lee. Iran plans to more than double its diesel exports to Iraq, according to Reuters. The director of the National Iranian Oil Refining and Distribution Company (NIORDC), Alireza Zeighami, said that Tehran will supply 3-5 million liters of diesel a day, an increase on the 2-million-liters-a-day agreement signed by Iranian Oil Minister Rostam […]
Discussions Continue on Reducing Oil Targets
Shell is reported to be in “exploratory discussions” with the Iraqi government to lower the target for oil output at the Majnoon field. The Iraqi government agreed in January with Lukoil to cut targeted production at the West Qurna-2 field. It is also in talks with Exxon Mobil to reduce targeted output at West Qurna-1, […]
Foreign Minister Receives Japanese Ambassador
By John Lee. Foreign Minister, Mr. Hoshyar Zebari, received on 15th of May 2013, the Japanese Ambassador to Iraq Mr. Masato Takaoka. During the meeting, they discussed bilateral relations between two countries, and the desire of the Iraqi government and the Iraqi Sports audiences to set up the home game between the Iraqi and Japanese […]
Iraqi Politics Needs Roadmap For the Future
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Since Prime Minister of the Iraqi Kurdistan Region Nechirvan Barzani’s visit to Baghdad on April 29, 2013, there has been talk of the agreement signed between Barzani and Iraqi Prime Minister […]
Shell to Start Majnoon Oil Output
By John Lee. Shell is to start producing crude at the Majnoon oil field (pictured) as early as next month. Bloomberg quotes the company's regional vice president, Mounir Bouaziz, as saying that output will start “around mid-year” and increase to 175,000 bpd by the end of 2013. He said that the project had faced “teething problems”, […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th May 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,771 (-1.7%) / $1,799 (-1.2%) (weekly change). The number of week traded shares was 33.4bn and the weekly […]
Foreign Minister Receives Kuwaiti Ambassador
By John Lee. Foreign Minister Hoshyar Zebari has met with the Kuwaiti Ambassador to Iraq, Ali Mohammed Al Mu'min. The Minister received a written letter from the Kuwaiti Deputy Premier and Foreign Minister, Sheikh Sabah Khalid Al Sabah, on bilateral relations. During the meeting, the positive progress achieved between the two parties due to their […]
Camp Liberty Residents Relocated to Albania
The Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr. Martin Kobler, welcomed the relocation of a first group of 14 Camp Liberty residents to Albania. “The residents’ arrival in Albania late last night is an encouraging first step in the relocation of the group of 210 residents the Albanian government has agreed […]