ShaMaran Petroleum Suspends 2023 Guidance
By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has suspended its 2023 guidance due to uncertainties resulting from the closure of the Iraq-Turkey Pipeline (ITP) to Ceyhan, and other challenges in Iraqi Kurdistan. Full statement from ShaMaran Petroleum: ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSXV: SNM) and (Nasdaq First North Growth […]
Battle over Telegram pits Iraqi PM against 'Resistance' Factions
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Battle over Telegram pits Iraqi PM against 'resistance' factions The filtering of a popular messaging app in Iraq is threatening to unleash a confrontation between Prime Minister Muhammad Shia' Al-Sudani and […]
Call to reverse Iraqi Media Ban on Terms Homosexuality, Gender
By Amnesty International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: Authorities must immediately reverse media ban on the terms "homosexuality" and "gender" Responding to the directive issued by the Iraqi Communications and Media Commission (CMC) that media outlets must replace the term […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th August 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 1,185.2 6.5% 30.2% RSISX USD Index 1,165.4 […]
UNICEF, Daewoo supporting Education in Basra
UNICEF, funded by Daewoo E&C, to provide early childhood education support to 750 children from disadvantaged areas of Basra UNICEF has signed a partnership with Daewoo E&C to provide 750 young children with access to early childhood education (ECE) services in disadvantaged areas in Basra Governorate. Co-led by the Basra Directorate of Education, this partnership […]
Climate Change threatens Iraqi Delicacy
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Climate change threatens eagerly awaited Iraqi delicacy Amid hot summer months, many Iraqis await the winter rain and the arrival of truffles. Iraq's truffles are also highly desired internationally, especially in the Gulf […]
Iraq "Unwilling" to Resume Oil Exports from Kurdistan to Turkey
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Unwilling To Resume Crude Exports From Kurdistan To Turkey It is easy to lose sight of the wood for the trees sometimes in the complex world of global oil. […]
AMAR Foundation creates Yazidi Women's Choir
From the Iraq Britain Business Council (IBBC): The Sardar Group, led by Mr Sardar Al Bebany, have developed a ground-breaking training and development initiative partnership with the AMAR Foundation to provide business skills, English language, and IT training to Yazidi choir IDPs. (IDP's are Internally Displaced People in a country- such as the Yazidis). The […]
UN warns of Iraqi Climate Crisis, Human Rights Concerns
By John Lee. The United Nations High Commissioner for Human Rights, Volker Turk, has concluded an official visit to Iraq with a warning about the dangers of climate change in the country. He also expressed concerns on other human rights issues, such as freedom of expression and the use of torture. Full statement from UN […]
GKP partially Restarts Oil Production at Shaikan, for Local Market
By John Lee. Share in Gulf Keystone Petroleum (GKP) were trading up nearly 7 percent this morning (Wednesday), follow a fall that saw the shares down 25 percent at one point yesterday. In an operational and corporate update, the company said it has, "commenced local sales in July and partially restarted Shaikan Field production, increasing […]
Dana Gas: Production Increased in Kurdistan; KRG makes Payment
By John Lee. UAE-based Dana Gas said on Wednesday that its Pearl Petroleum subsidiary recently received $101 million payments from the Kurdistan Regional Government (KRG). However, the shares were trading down approximately 1 percent, as overall revenues and profits saw a decline. Full statement from Dana Gas: Highlights - H1 2023 KRI production increased by […]
More School Building Needed in Iraq - World Bank
By John Lee. A press release from the World Bank highlights the need for more schools to be built in Iraq. In their report -- Iraq: New schools and improved learning bring hope to the poorest children, but more is needed -- Jaime Saavedra and Elisabeth Sedmik argue that more than 8,000 schools need to […]