LUKoil announces Plans for Iraq's Block 10
By John Lee. The head of Russia's LUKoil has said that the company plans to start production at Iraq's Block 10 at the end of 2022 or in 2023. Vagit Alekperov (pictured) told a Reuters that output will start at 30,000 barrels per day (bpd). The field is being developed by LUKoil (60%) and Inpex […]
Petrel Resources' Focus will be Iraq
By John Lee. In its preliminary results for the year ended 31st December 2020, Petrel Resources made the following statement on its interests in Iraq: "Meanwhile Petrel continues to push its interest in Iraq and Ghana. For the foreseeable future oil will play a major part in world economic development. "Iraq has some of the […]
The Station announces Collaboration with Baghdad Legal Firm
By John Lee. The Station Foundation for Entrepreneurship announces a collaboration with the law firm Al Muhamoon Al Mutahidoon. According to a statement from The Station, this collaboration arose from the two parties' desire to collaborate in an effective manner in order to support startups, particularly those located in The Station's coworking space, for the […]
Market Review: "Market Consolidates Gains"
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "Market Consolidates Gains" The market, as measured by Rabee Securities RSISX USD Index, paused its three-month string of gains in May, ending the […]
Addressing Iraq's Human Capital Crisis
Iraq Human Development Public Expenditure Review: Addressing the Human Capital Crisis - A Public Expenditure Review for Human Development Sectors in Iraq Iraq is facing a human capital crisis despite having been one of the early investors in health and education in the MENA region. The World Bank's Human Capital Index shows that a child […]
US Consulate announces Intellectual Property Video Contest
By John Lee. The U.S. Consulate General in Erbil has announced an intellectual property video contest. Participants are asked to submit an original video that demonstrates Intellectual Property ideas such as patents, trademarks, copyrights, and other topics relevant to the theme of intellectual property. Examples may include videos that discuss or demonstrate the importance of […]
TV Campaign for Explosives Risk Education
By John Lee. Baghdad-based Qemat Alnajah General Trading Co. Ltd. has won a contract with the United Nations Office for Project Services (UNOPS) for the provision of an explosive ordnance risk education (EORE) television campaign for UNMAS in Federal Iraq The contract is valued at $39,800. (Source: UNGM)
UNDP Accelerator Lab tackling Development Challenges in Iraq
New Era of Mapping Digital Local Solutions to Tackle Development Challenges in Iraq by UNDP Accelerator Lab Humans have continuously developed means to adapt, progress, and face daily challenges. Today, we call these means "technology", and we use it daily to communicate, learn, work, and connect to the outside world. Technology has continued to develop, […]
Passenger Numbers Down more than 80% on Iraqi Rail
By John Lee. Iraq's Central Statistics Organization (CSO) has announced a fall of more than 80 percent in passenger numbers on Iraq's railways in 2020. The number of passengers carried fell from 435,000 in 2019 to 77,000 in 2020, probably due, at least in part, to the coronavirus pandemic. More here (Arabic). (Source: CSO) (Picture: […]
Amnesty calls to Reveal Whereabouts of 643 Disappeared
By Amnesty International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Reveal whereabouts of 643 men and boys disappeared five years ago On the fifth anniversary of the enforced disappearance of at least 643 Iraqi men and boys by Popular Mobilization Unit (PMU) militias […]
Major UAE Firms want to Invest in Iraq
By John Lee. The UAE's Ambassador to Iraq, Salem Issa Al Zaabi, has reportedly to the Federation of Iraqi Chambers of Commerce that several major Emirati companies want to invest in Iraq. Salem Issa Al Zaabi added that he had a productive meeting with the Federation's President, Abdul Razzaq Al Zuhairi, who said that Iraq […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd June 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD896 (-2.3%) / $775 (-1.7%) (weekly change) (+23.5% and +16.9% YTD change, respectively). The number of week traded […]