Iraq Confirms August Oil Exports
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for August of 101,859,528 barrels, giving an average for the month of 3.286 million barrels per day (bpd), down from the 3.303 million bpd exported in July. The exports from the oilfields in central and southern Iraq amounted to approximately 100,750,000 barrels, while […]
SAFEEN Group to provide Fuel Oil Transport to Iraq
AD Ports Group's (ADPORTS) SAFEEN Group and Amaan Baghdad Company have signed an agreement to support a new project relating to fuel oil transport and storage from Khor Al Zubair and Umm Qasr oil terminals in Iraq. The project represents a significant extension of SAFEEN Group's portfolio of dedicated products and services into the oil […]
Genel Energy announces New CEO
Genel Energy has announced the appointment of Paul Weir as Chief Executive Officer, and as a member of the Board of Directors, with immediate effect. Paul, who was previously Chief Operating Officer before being made Interim Chief Executive Officer in June this year, joined Genel in January 2020. Paul had worked for more than 30 […]
The Deadly Greed of Iraq's Elite
By Dr Renad Mansour for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The deadly greed of Iraq's elite Political unrest since last year's election has claimed dozens of lives - but high-level corruption has quietly killed many more Iraqis. Click here […]
Housing Project for low-income Christian families in Ankawa
By John Lee. The Kurdistan Regional Government (KRG) has reportedly announced a housing project for the low-income Christian families in Ankawa, in northwest Erbil. According to Basnews, the announcement was made by Mohammed Shukri, the Chairman of the Kurdistan Board of Investment. The houses can be paid for over a 15-year period. (Source: Basnews)
Ferry Service planned between Pakistan and Iraq
By John Lee. Pakistan and Iraq have reportedly agreed to start a ferry service between Basra and Karachi to facilitate Pakistani pilgrims visiting Iraq. According to The Nation, the agreement was reached during a meeting between Interior Minister Rana Sanaullah and Iraqi Ambassador Hamid Abbas Lafta. Minister Sanaullah thanked the Iraqi government for issuing visas […]
$18m New Projects started in Zakho
KRG Prime Minister Masrour Barzani has laid the foundation stones on Tuesday for several projects budgeted at over 26 billion Dinars [$18 million] in the Zakho Autonomous Administration. The projects include the construction of several highways and schools, as well as the renovation of Zakho's old bazaar. Prime Minister Barzani stressed the importance of the […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th August 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD964 (+2.5%) / $845 (+2.9%) (weekly change) (+5.0% and +5.0% YTD change, respectively). The weekly trading volume was […]
Iraqi Kurdistan to launch "Special Economic Zones"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan to launch SEZs for imports substitution Minister Muhammad Shukri discusses the Kurdistan Regional Government's (KRG) plans to set up 16 zones for life beyond oil. The full article can be viewed […]
MP raises Security Concerns at Baghdad Int'l Airport
[Amended 29th Sept 2022 at 15:50 BST to include comment from G4S] Security arrangements at Baghdad International Airport (BIAP) have been called into question, as a new firm takes over the contract to secure the airport. A source close to the matter told Iraq Business News that G4S, which has been managing security at the […]
Night Bird Construction: A fresh new approach to the Iraqi construction industry
Advertising Feature Night Bird Construction (NBC) is a fast paced and highly organized Iraqi construction company created through the excellence of its team. NBC's Senior Construction Managers, Engineers and team of highly skilled industry professionals have achieved great success in construction projects across the globe; especially in IRAQ! Some Examples of Prime Construction Projects Completed […]
Germany gives additional €1.7m to Investigate ISIL Economic Crimes
Germany Supports UNITAD with Additional €1,700,000 for Investigating ISIL Financial Structure and Economic Crimes Germany has once more renewed its generous support and contributions to the work of the United Nations Investigative Team to Promote Accountability for Crimes Committed by Da'esh/ISIL (UNITAD), with a new funding cycle of €1,700,000. Through this support, UNITAD will be […]