IBBC meets with Saudi Iraqi Business Council in Riyadh
From the Iraq Britain Business Council (IBBC): Baroness Nicholson and Christophe Michels led a 30-strong delegation of IBBC Members to Riyadh to meet with Members of the Saudi Iraqi Business Council. The high profile meeting of Members of both Councils met under the auspices of the Saudi Minister of Commerce at the head quarters of […]
Constellis Wins $1.3bn Iraq Contract Renewal
Constellis has announced that the US Department of State has awarded the company's Triple Canopy subsidiary a 10-year protective services contract in Baghdad, Iraq, under the WPS III Indefinite Delivery/Indefinite Quantity (IDIQ) contract, with a $1.3 billion contract value. Under this contract, Triple Canopy will continue providing protective services, specialized security services, and logistical support […]
Iraqi Agri-Tech Company receives Investment
Nakhla, an Iraqi-based agri-tech social enterprise, has received a six-figure investment from Euphrates Ventures, an Iraq-focused venture fund. The investment was facilitated by the Iraqi Angel Investors Network (IAIN) and marks the first investment round completed by an Iraqi agri-tech startup. Nakhla is the Arabic name for date palm tree and has long been associated […]
Iraq Finalises February Oil Exports
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for February of 92,790,173 barrels, giving an average for the month of 3.314 million barrels per day (bpd), up from the 3.203 million bpd exported in January. The exports from the oilfields in central and southern Iraq amounted to approximately 91,314,828 barrels, while […]
Latest Iraq COVID Travel Guidelines
The Iraqi Civil Aviation Authority (ICAA) has released its latest vaccination guidelines. The guidelines state that, from 1st April, Iraqi and foreign travelers above the age of 12 who have received one dose of Johnson & Johnson or two doses of any other vaccine will no longer require evidence of a recent negative PCR test […]
Turkish Firm to Start Work on Anbar Airport
By John Lee. Turkish building company Polikon is to start work on a new airport in Anbar. The Governor of Anbar, Dr. Ali Farhan Al-Dulaimi, handed over the land designated for Anbar International Airport to representatives of the company on Thursday, according to a statement from Anbar Governorate. Work on the first phase of the […]
Another Unaoil Bribery Conviction Overturned
By John Lee. The UK's Court of Appeal has reportedly overturned the conviction of Paul Bond, who was jailed last year in relation to the Unaoil bribery scandal in Iraq. Mr Bond (69), a former senior sales manager at SBM Offshore (SBM), had been sentenced to three and a half years in prison on two […]
Diwaniya Refinery to be Expanded
By John Lee. The Iraqi Cabinet has approved a plan to expand Diwaniya Refinery. According to details released from the cabinet meeting this week, capacity at the plant will be increase to nearly 70,000 barrels per day (bpd), (Source: Govt of Iraq)
Lebanese Firm takes Arbitration Case against Iraq
By John Lee. Lebanese company Primesouth International Offshore has commenced arbitration proceedings against Iraq at the International Centre for Settlement of Investment Disputes (ICSID). Details of the dispute have not been released, but in 2020 the company was reported to have signed a two-year contract, along with China CAMC Engineering Co (CAMCE), to install 640 […]
Video: Iraqi Police Crack Down on Organised Crime
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Police say they have uncovered 60 organised crime gangs but with limited resources and faced with well-connected gangs, a lot more remains to be done. Al Jazeera's Osama Bin Javaid reports from […]
France Protecting Civilians impacted by Explosive Ordnance in Iraq
France Renews its Commitment to Protecting Civilians impacted by Explosive Ordnance in Iraq The United Nations Mine Action Service (UNMAS) welcomes an additional contribution of EUR 480,000 (approximately USD 550,000) from the Crisis and Support Center of the French ministry of Europe and Foreign Affairs that will support life-saving mine action activities in Iraq. Activities […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th March 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD1046 (+0.9%) / $923 (+0.9%) (weekly change) (+13.9% and +14.7% YTD change, respectively). The number of week traded […]