Iraq, Jordan to Connect Electrical Networks
By John Lee. On Sunday, Iraq and Jordan reportedly signed a contract to connect their electricity networks and sell electrical energy between the two countries. According to INA, the deal will see Jordan providing Iraq with 1000 gigawatt hours per year as a first stage. The 300-km line will connect the new Risha substation, currently […]
New Survey of Iraqi SMEs during COVID-19
New Survey of Small and Medium Enterprises Offers Insight into State of Iraq's Economy During COVID-19 Pandemic Measures taken to curb the spread of COVID-19 have led to reduced operating hours or the closure of many of Iraq's small and medium-sized enterprises (SMEs). The economic impact of the pandemic is expected to be severe. To […]
Genel Energy issues New $300m Bond
By John Lee. Genel Energy has successfully completed the issuance of a new $300 million senior unsecured bond with maturity in October 2025. The new bond will have a fixed coupon of 9.25% per annum. The transaction is subject to customary closing conditions and settlement is expected to occur on or about 14 October 2020. […]
Pushing Back on Iraqi Militias: Weighing U.S. Options
By Michael Knights, 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. Pushing Back on Iraqi Militias: Weighing U.S. Options Although halting the escalation of militia attacks on American personnel is crucial, simply evacuating the Baghdad embassy […]
Iraq Plans to Build Nuclear Reactor for Research Purposes
Iraq's Prime Minister Mustafa Al-Kadhimi has ordered the formation of a committee tasked to build a nuclear reactor for research purposes, the Iraqi Radioactive Sources Regulatory Authority (IRSRA) revealed. Speaking to the Iraqi News Agency, the head of the IRSRA, Hussein Latif, said that Al-Kadhimi is "aware of the importance of the issue of atomic […]
Foreign Ministers Weigh Plans to Boost Iran-Iraq Ties
The foreign ministers of Iran and Iraq held a meeting in Tehran to discuss a broad range of political and regional issues, including plans to broaden relations between the two Muslim neighbors. In the Saturday meeting with his Iraqi counterpart in Tehran, Iranian Foreign Minister Mohammad Javad Zarif expressed Tehran's backing for the political trend […]
Iraq's Failure to put a Stop to Torture
By Belkis Wille, for Just Security. Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. How to answer Iraq's Failure to put a Stop to Torture My heart sank as my colleague told me recently about the latest torture victim from Iraq who had contacted […]
Iraq Bans Import of 29 Agricultural, Animal Products
From Middle East Monitor, under a Creative Commons licence. Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Iraqi Ministry of Agriculture yesterday banned the import of 29 agricultural crops and animal products due to their abundance in the local markets. The list of […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th Sept 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD658 (-2.2%) / $689 (-2.2%) (weekly change) (-0.1% and -1.7% YTD change, respectively). The number of week traded […]
Baghdad ruling deals Blow to Kurdistan's Gold Trade
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad ruling deals blow to Kurdistan Region's gold trade The Iraqi Civil Aviation Authority's decision to ban the import and export of gold to and from the Kurdistan Region last month has triggered anger […]
EBRD Considering Iraqi Membership
By John Lee. The European Bank for Reconstruction and Development (EBRD) is reportedly considering a request from Iraq to become a member. A decision is expected to be made within three weeks. The EBRD was established to help build a new, post-Cold War era in Central and Eastern Europe. It has since played a historic […]
US Grants Iraq New 60-day Waiver to Import Iranian Gas
By John Lee. The United States has reportedly granted Iraq a 60-day extension to a sanctions waiver allowing it to import Iranian gas. According to the report from AFP, Iraq relies on gas and electricity imports Iran to supply about a third of its electricity sector. More here. (Source: AFP)