Jiyad: IEITI Annual Reports Continue, but Changes are Needed
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. IEITI Annual Reports Continue but Changes in Form, Quality and Substance are Crucial and Needed Iraq Extractive Industry Transparency Initiative (IEITI) issued its 2018 annual report and, currently, is processing its combined […]
Iraq Announces Second Construction Bond Issuance
By John Lee. The Ministry of Finance has directed the Public Debt Department, in cooperation with the Central Bank of Iraq (CBI) to launch a second issue of construction bonds, which will be tradable on the stock market. The bonds, also know as a "binaa bonds", will be available for trading for a period of […]
Iraqi Cabinet Approves Scatec Solar Projects
By John Lee. The Iraqi Cabinet has approved the Ministry of Electricity entering into a the contract for the construction of two solar energy projects in Karbala (300 megawatts) and Alexandria/Iskandariya (225 megawatts). The Ministry of Oil had previously announced the project in October, involving a consortium of companies led by the Norwegian Scatec, whose […]
SafeYou App: Protection from Gender-Based Violence in Kurdistan
UNFPA, MOI KRI launch SafeYou App, helping women and girls in Kurdistan be protected from gender-based violence The Ministry of Interior in the Kurdistan Regional Government (KRG), the General Directorate of Combatting Violence against Women and Families (DGCVAW) and UNFPA have launched the SafeYou application in the Kurdistan Region of Iraq. The SafeYou application helps […]
IDC starts Drilling in Mishrif Reservoir
By John Lee. The Iraqi Drilling Company (IDC) has started drilling a well "Ammara 19" at Missan Oil Company (MOC)'s Amara field, within the Mishrif reservoir. IDC's Director General, Bassim Abdul Kareem, said the drilling operations were carried out using the 2000-HP drilling rig "IDC 23". The planned depth of the well is 3,290 meters. […]
Syria, Iraqi discuss Increasing Trade
By John Lee. Iraq and Syria have discussed a possible increase in trade between the two countries. Syria's state-controlled news agency SANA reports that Syrian Economy and Foreign Trade Minister, Dr. Mohammad Samer al-Khalil, met with the Chargé d'Affairs at the Iraqi Embassy in Damascus, Yassin Sharif al-Hujaimi, and discussed the facilitation of border crossings […]
More Details of Masdar's Iraq Solar Project
By John Lee. Masdar (Abu Dhabi Future Energy Company) has revealed more details of its solar power projects in Iraq. In an interview with Project Finance International (PFI), the company's CFO, Niall Hannigan, said the engagement will see five solar PV schemes with a combined capacity of 1GW. This will comprise a 450MW scheme in […]
Al-Furat Rehabilitates Chemical Factory
By John Lee. The Al-Furat General Company for Chemical Industries and Pesticides has rehabilitated its soda and chlorine factory, which had been inactive for 13 years. The company, which is part of the Ministry of Industry and Minerals, says the factory operates with environmentally friendly membrane cell technology, and contains four lines to produce four […]
Iraqi Market Review: "Winter Flash Floods"
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. Following a strong performance over the last ten months, the market, as measured by the Rabee Securities RSISX USD Index, was down 12.2% for the month as […]
Promoting Inclusive Economic Growth and Job Creation in Iraq
Project launched to promote inclusive economic growth and job creation in Iraq A ceremony was held to formally launch the 'Strengthening the agriculture and agri-food value chain and improving trade policy' (SAAVI) project. The five-year project worth EUR 22.5 million is funded by the European Union and is being implemented by the International Trade Centre […]
GKP "on Track" to Meet Production Guidance
Gulf Keystone has provided an operational and corporate update: Jon Harris, Gulf Keystone's Chief Executive Officer, said: "We are pleased to announce that we have submitted a draft Field Development Plan to the Ministry of Natural Resources. While the timing of FDP approval is uncertain given the scale of the project, this is an important […]
Half of Families in Drought-Affected Iraq need Assistance
One in two families in drought-affected Iraq need food assistance The scale of suffering inflicted by drought on Iraq's populations this year is laid bare in new research by the Norwegian Refugee Council (NRC). It shows that one in two families in drought-affected regions require food assistance because of drought, while one in five do […]