From Farm to Fork: Iraq's Vital Agri-Food Sector
From Farm to Fork: Europe Day in Iraq highlights country's vital agri-food sector The Delegation of the European Union to Iraq marked Europe Day in Baghdad today. An event that brought together partners, highlighted the country's vital agri-food sector and efforts that support its sustainable development. The one-day event was attended by representatives of the […]
Iranian Gas passed off as Iraqi Origin
By John Lee. Media in Pakistan report that Iranian LPG has been illegally imported into the country under the guise of Iraqi product. According to Business Recorder, the latest case is one of five ships which are allegedly involved in the illegal import of Iranian LPG using a falsified declaration of origin. Pakistan's Ministry of […]
DNO Profits Surge on Back of High Oil and Gas Prices
DNO ASA, the Norwegian oil and gas operator, today reported an 84 percent jump in operating profit in the first quarter of 2022 to USD 236 million on the back of high oil and gas prices and solid production performance. Net debt dropped USD 126 million quarter-on-quarter to USD 27 million. "Oil and gas are […]
Genel Energy issues update on Trading and Ops
Genel Energy has issued the following trading and operations update ahead of the Company's Annual General Meeting ('AGM'), which is being held today: Bill Higgs, Chief Executive of Genel, said: "Our robust financial position continues to strengthen, supporting investment in our organic portfolio as well as our progressive dividend. Despite the result of Sarta-5, the […]
AirSada wins Medevac Contract with Hyundai in Basra
By John Lee. The Turkish-based private jet charter company AirSada has won a second contract to supply medical evacuation (medevac) services, this time to South Korea's Hyundai Engineering and Construction in Iraq. The contract with AirSada, which runs to September 2025, includes air ambulance and medical treatment services. It was signed by Mr Tolga Urcu, […]
Russian: 'No objections' to Kurdistan exporting Gas to Europe
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Russian ambassador to Iraq: 'No objections' to Kurdistan Region exporting gas to Europe Elbrus Kutrashev (pictured) spoke to the Kurdish news outlet Rudaw about plans to export natural gas […]
Italy assumes command of NATO Mission in Iraq
Major General Giovanni Iannucci (pictured) from Italy has assumed command of NATO Mission Iraq, following a change of command ceremony held in Baghdad. He succeeds Lieutenant General Michael Lollesgaard from Denmark, who had assumed his command on 6 May 2021. On the occasion of the change of command, NATO Secretary General Jens Stoltenberg offered the […]
Market Review: "Ramadan & Profit Taking"
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "Ramadan & Profit Taking" The market, as measured by the Rabee Securities RSISX USD Index, declined by 7.0% for the month, and up of 8.2% […]
Rehabilitation of 60 Shops and 3 Schools in Ninewa
UNDP completes rehabilitation of 60 municipality shops and three schools in western Ninewa Sixty municipality shops in Tal Abta and three primary schools in Sinjar that were damaged or destroyed during the ISIL conflict were officially inaugurated by the United Nations Development Programme (UNDP) and the Ninewa Governorate. Benefitting around 1,900 residents, the four facilities […]
Shares in Genel Energy slump on Sarta Result
By John Lee. Shares in Genel Energy were trading down 7 percent on Tuesday morning after the company announced disappointing results at the Sarta-5 appraisal well: "Genel Energy plc ('Genel' or 'the Company') announces the following update on the Sarta PSC (30% working interest and operator). "Testing of the Sarta-5 appraisal well has been completed. […]
The Economics of Iraq: Ancient Past to Distant Future
Iraq Business News Expert Blogger, Dr Amer K. Hirmis, has just published a book that takes readers 6000 years back to early Mesopotamian polity, culture, and religious codes which shaped the economy, and continue to shape much of the body of Iraq's polity, economy and society today. Economic inefficiency, inequality and lack of sufficient employment […]
Sinjar latest Flashpoint for Iran-Turkey Tensions in Iraq
From Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Sinjar becomes latest flashpoint for Iran-Turkey tensions in Iraq New Pentagon IG report says that the Turkey-PKK conflict and Iranian militias are contributing to instability in Iraq. Click here to read the […]