Iraq approves Paris Climate Accord
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq approves Paris climate accord in step toward curtailing oil dependence Iraq faces significant hurdles in transitioning to an economy without oil dependence, and future trends can be expected to exacerbate […]
PM vows Security Changes after Baghdad Bombing
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi PM vows security changes after Baghdad bombing Prime Minister Mustafa al-Kadhimi also sacked a number of Iraqi security officials within hours of the attacks. Click here to read the full […]
Changing of the Guard: New Iraqi Militia Trends and Responses
By Michael Knights, Hamdi Malik, Crispin Smith, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Changing of the Guard: New Iraqi Militia Trends and Responses In the year since their most iconic leaders were killed, Iran-backed […]
Baker Hughes awarded Iraqi Gas Processing Contract
By John Lee. Baker Hughes has confirmed that it has been awarded what it describes as a "major contract" by Iraq's South Gas Company (SGC) in the last quarter of 2020. The project consists of the design, manufacturing, delivery, construction and commissioning of an integrated facility for the processing and production of natural gas. The […]
Chinese Consortium to Develop Dhi Qar Refinery
By John Lee. Iraq's Ministry of Oil has signed an outline agreement with a Chinese consortium for the development of the Dhi Qar refinery. A Ministry official described the signing of the initial principles agreement as an important step forward, and a prelude to the signing of the final investment contract for the Dhi Qar […]
Iranian Traders setting up in Iraq
By John Lee. At least 24 Iranian traders have set up shop in Dohuk this week alone, according to a report from AP. Pressure as a result of sanctions on Iran are causing Iranian businesses to look more to Iraq for customers. Click here to read the full report from AP. (Source: AP)
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st January 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD694 (+0.5%) / $614 (-0.6%) (weekly change) (-4.4% and -7.3% YTD change, respectively). The number of week traded […]
EUR 22.5m Project to Strengthen Iraqi Agriculture
Promoting inclusive economic growth and job creation in Iraq Unemployment remains a persistent challenge in Iraq especially for youth and women. Many internally displaced persons are unemployed, underemployed, informally employed, or out of the labour force. The COVID-19 pandemic has further compounded these employment challenges. In this context, providing jobs and livelihoods remains a high […]
Iraqi Port Revenue Surges on Anti-Corruption Move
By Shelly Kittleson, for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi port revenue surges as anti-corruption move bears fruit Iraq's key Umm Qasr Port has been positively affected by measures to reduce corruption, leading to a massive revenue increase […]
Investment Opportunity: Cattle Stations in Wasit
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunity: Cattle stations in Wasit (Source: National Investment Commission)
Iraqi Elections Postponed
By John Lee. The Iraqi Cabinet has voted to postpone early elections from June to 10th October. A statement from Prime Minister Mustafa al-Kadhimi said the delay was due to "important technical reasons", which he did not specify. Cabinet Spokesperson, the Minister of Culture Hassan Nadhem (pictured), said the Iraqi Government will provide all the […]
Genel Energy expects Continued Growth
By John Lee. Genel Energy has issued the following trading and operations update in advance of the Company's full-year 2020 results, which are scheduled for release on 18 March 2021. The information contained herein has not been audited and may be subject to further review. Bill Higgs, Chief Executive of Genel, said: "Executing our strategy […]