UN calls for Reforms in Iraq

UN Iraq Representative urges renewed push for reform, calls for demonstrations to remain peaceful With public demonstrations across many parts of Iraq in their fourth month, the Special Representative of the United Nations Secretary-General for Iraq, Jeanine Hennis-Plasschaert, is urging a renewed push for reform and expressing concern about ongoing human rights violations. She emphasizes […]

Protests Halt Oil Production at Al Ahdab

By John Lee. Oil production is reported to have stopped at the 70,000-bpd Al Ahdab field on Sunday, as security guards seeking permanent employment blocked access to the site. According to Bloomberg, the 50,000-bpd Badra field is also at risk of closure from Monday. Al Ahdab is developed by China’s CNPC, while Badra is run […]

Denmark gives another $4.4m for Explosive Hazard Management

Denmark Grants Additional USD 4.4 Million for Explosive Hazard Management in Retaken Areas of Iraq The United Nations Mine Action Service (UNMAS) in Iraq welcomes an additional contribution of DKK 29.5 million (over USD 4.4 million) from the Government of Denmark to further enable stabilization and humanitarian efforts through explosive hazard management in retaken areas […]

PM urges Kurds to Help Rid Iraq of US Troops

By Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Abdul Mahdi urges Kurds to help rid Iraq of US troops Iraqi caretaker Prime Minister Adel Abdul Mahdi arrived Jan. 11 in Erbil — his first official visit to the Kurdistan region since taking […]

Iraq Contributes to Schlumberger Results

By John Lee. US-based Schlumberger has reported that Iraq has contributed to its revenue growth in the region. In its full-year results for 2019, the company said: “Sequential international growth was led by the Middle East & Asia area, where revenue increased 5% driven by higher year-end product sales in Kuwait, Iraq, and Oman.” (Source: […]

KRG Pres: “We are Not Scared of Iran, but we Respect Iran”

By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan president: ‘We are not scared of Iran, but we respect Iran’ The assassination of Iranian Maj. Gen. Qasem Soleimani of the Islamic Revolutionary Guard Corps (IRGC) in a Jan. 3 […]

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 […]

China’s Zhongman wins $27m Iraqi Drilling Contract

By John Lee. China’s Zhongman Petroleum and Natural Gas Group Corp., Ltd. (ZPEC) has reportedly announced a new drilling contract with Weatherford in Southern Iraq. Chinese media reports that the deal is worth approximately $27 million, and follows another contract with Weatherford in Iraq agreed in December. The oil field was not identified. (Source: Eastmoney)

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th January 2020). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD654 (-2.3%) / $694 (-0.9%) (weekly change) (-0.8% and -1.0% YTD change, respectively). The number of week traded […]

“Successful Year” for Genel Energy

By John Lee. Shares in Genel Energy closed Thursday up more than 4 percent after the company issued the following trading and operations update in advance of the Company’s full-year 2019 results, which are scheduled for release on 17 March 2020. The information contained herein has not been audited and may be subject to further […]

Foreign Troops’ Future in Iraq Uncertain

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Foreign troops’ future in Iraq uncertain as clashes continue For the security of its personnel, NATO has temporarily suspended its training activities in Iraq, given the recent violence […]

New Report on Human Rights in Iraq

By John Lee. Human Rights Watch (HRW). has issued a report on human rights in Iraq, as part of its World Report 2020. Click here to download the report. (Source: HRW)