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 […]
Iraq Revenues to Exceed $150 Billion
By John Lee. A financial advisor to the Iraqi Prime Minister has said he expects Iraq's revenues this year to exceed $150 billion. Speaking to the state-controlled Iraqi News Agency (INA), Mudhar Muhammad Salih said sustained high oil prices, combined with non-oil revenues of "no less than $8-10 billion", will result in total revenues for […]
IBBC appoints Industry Specialist as Strategic Development Officer
IBBC appoints industry specialist as Strategic Development Officer As the Iraq Britain Business Council (IBBC) Board and Executive Committee re-fresh their strategic plan to continue a pathway to success for Iraq and its business community, it has appointed a Strategic Development Officer to bring industry expertise and experience to its management team. Colin Findlay brings […]
Iraq Petroleum Sector Chronicle, Volume 2 - 2011
Iraq Business News Expert Blogger, Ahmed Mousa Jiyad, has completed the second volume of his chronicle of the Iraqi oil industry, this time covering 2011. The first volume, published in October 2021, covers the development in the upstream petroleum in Iraq prior to 2011 and has a subtitle "Grand Opening for Big Push Strategy". The […]
Health Facilities Reopened after Destruction by ISIL
Health facilities in Al-Karma officially reopen after destruction by ISIL Two newly-rehabilitated health facilities - the External Consultancy Clinic and Al-Sijr Public Health Centre were officially reopened by the United Nations Development Programme (UNDP), Government of Australia and Anbar Governorate. When ISIL captured Al-Karma, the health facilities across the region suffered extensive damages. Equipment was […]
Iraq Failing to Protect Intellectual Property Rights
By John Lee. The United States has criticised Iraq, among other countries, for its failure to protect intellectual property rights. In its recently-published 2022 Special 301 Report, the United States Trade Representative (USTR) says stakeholders continue to report notable levels of piracy through Illicit Streaming Devices (ISDs) and illicit Internet Protocol Television (IPTV) apps in […]
Iraq Dust Storm puts 5,000 in Hospital
By John Lee. Iraqi media reports that one person has died and more than 5,000 have been hospitalised on Thursday as a result of the latest dust storm. The dust storm is the seventh this month, with some experts believing they are becoming more frequent due to climate change. Road and air transport has been […]