Potential Escalation in Iraq (Part 2): Asaib and Nujaba
By Hamdi Malik, Michael Knights, Crispin Smith and Ameer al-Kaabi, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Potential Escalation in Iraq (Part 2): Asaib and Nujaba Asaib Ahl al-Haq, Harakat Hezbollah al-Nujaba, and their facade […]
Potential Escalation in Iraq (Part 1): Khamenei and Badr
By Hamdi Malik, Michael Knights, Crispin Smith and Ameer al-Kaabi, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Potential Escalation in Iraq (Part 1): Khamenei and Badr Iraqi "resistance" elements are becoming more bellicose in their […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd November 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,416.6 2.4% 55.6% RSISX USD Index 1,392.9 […]
Iraq Achieves Highest Oil Revenues since July 2022
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for October: Total exports of crude oil: 109,545,589 barrels. Revenues from crude oil exports: $9.669 billion, the highest since July 2022. Oil fields in central and southern Iraq accounted for 108,050,360 barrels of crude oil exports. Exports from Kirkuk through the port of […]
Lukoil Extends Contract at Iraq's West Qurna 2 Oilfield
By John Lee. Russian oil firm Lukoil has signed an agreement extending its contract at Iraq's West Qurna 2 oilfield by 10 years, taking it to 2045. Full statement from Lukoil: The representatives of PJSC LUKOIL and Basra Oil Company signed a Supplementary Agreement to the contract on the development and production of oil at […]
China's ZPEC Approved for Oil Ops in Iraq
By John Lee. China's Zhongman Petroleum and Natural Gas Group Corporation (ZPEC) has announced that it has received a letter from Iraq's Petroleum Contracts and Licensing Directorate (PCLD) confirming the successful approval of its qualifications for Iraq's oil and gas field development and operations. In a statement on Thursday to the Shanghai Stock Exchange, the […]
MSF hands over Hospital in Sinjar
By John Lee. Médecins Sans Frontières (MSF) [Doctors Without Borders] has handed over its medical activities in the Sinuni General Hospital to the Ninewa Directorate of Health. Full text of statement from MSF: MSF hands over medical activities at Sinuni General Hospital in Sinjar Five years after our first efforts to restore people's access to […]
Central Bank Introduces Rigorous Forex Regulations
By Mohammed Muayad Koperly and Osama Tuma Fakhir, for Al Nesoor Law. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Central Bank Introduces Rigorous Regulations for Foreign Currency in Cross-Border Transaction The Central Bank of Iraq (CBI) recently released revised guidelines for foreign […]
IBBC Autumn Conference in Dubai examines: 'Iraq - Building a sustainable future'.
From the Iraq Britain Business Council (IBBC): IBBC Autumn Conference in Dubai examines: 'Iraq - Building a sustainable future'. For the first time in over 30 years, Iraq is currently experiencing a relatively golden scenario with high oil prices and government surpluses, a stable government, and peaceful borders. A stable economy is also leading to […]
New Leadership at Five One Labs
New Leadership at Five One Labs Charts Exciting Path Forward in Iraq Five One Labs, a global startup incubator supporting frontier-market entrepreneurs, has recently announced the appointment of new Managing Directors for Iraq and the Kurdistan Region of Iraq. Savo Bakhtiar Rasoul, the new Managing Director for Ecosystem, and Shwan Ali Qaradaghi, the new Managing […]
Arbaeen Boosts Asiacell Earnings
By John Lee. Mobile phone service Asiacell has reported strong growth in revenue and EBITDA. In its financial results for the nine-month period ended 30 September 2023, parent company Ooredoo said: "Asiacell maintained its strong performance into Q3, delivering double-digit revenue and EBITDA growth. Asiacell' customer base remained stable at 17.1 million customers. "Revenue increased […]
Virus kills 300,000 fish in Iraq's Daquq
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Virus kills 300,000 fish in Iraq's Daquq Fish farmers in Kirkuk have lost up to two billion dinars ($1.25 million) after a lethal virus killed an estimated 300,000 fish over the past two weeks. […]