DNO publishes Corporate Social Responsibility (CSR) Report
By John Lee. DNO, the Norwegian oil and gas operator with significant operations in Iraqi Kurdistan, has released its 2019 Social Corporate Responsibility Report. Please click here to download. (Source: DNO)
Iraq Stock Market now Positive Year-to-Date
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th Sept 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD673 (+3.9%) / $705 (+3.9%) (weekly change) (+2.2% and +0.5% YTD change, respectively). The number of week traded […]
Iraq launches Plan for Climate Change Resilience
Iraq launches National Adaptation Plan process for climate change resilience The Government of Iraq, in partnership with the UN Environment Programme (UNEP), has launched a process to develop a National Adaptation Plan (NAP) to build the country's resilience to climate change. The NAP process aims to reduce vulnerability to the negative impacts of climate change, […]
$49m Corruption Allegation in Kirkuk
By John Lee. Iraq's Commission on Integrity has issued a warrants for the arrest of the governor of Kirkuk, the director of school buildings in the governorate, along with 23 employees. The are accused of misappropriating nearly 58 billion Iraqi dinars ($49 million) in relation to a school-building programme. The project was assigned to a […]
Key Speakers to address Iraq Petroleum Virtual Event
Iraqi Government and Oil and Gas Industry Thought Leaders to Speak at Iraq Petroleum Virtual Event Annual Conference set to navigate the future of the oil and gas industry in Iraq Conference will include online conference sessions available live and on demand for all attendees Delegates will gain insights into the latest policy and project […]
Details of PM's New Appointments to Key Institutions
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. Kadhimi's Rolling Reshuffle (Part 2): Protecting Iraq's Economic Institutions and Borders On September 14, Baghdad announced a range of strategic leadership appointments for institutions tasked […]
New 238-km Water Pipeline to serve Basra
By John Lee. At the weekly cabinet meeting on Tuesday it was agreed that the Ministry of Planning will finance the replacement of the water channel known as Al-Bada'a canal with a 238-km water pipeline. According to a government statemet, this will help reduce water scarcity and increase access to safe drinking water in Basra. […]
Iraqi Oil Minister to head INOC
By John Lee. Iraq's Oil Minister, Ihsan Ismaael [Ahsan Abdul-Jabbar Ismail], will reportedly become the head of a recently-revived Iraq National Oil Company (INOC). Mr Ismael was previously the director general of the state-run Basra Oil Company (BOC); he joined the cabinet of Prime Minister Mustafa Al Kadhimi in June. More here. (Source: The National)
NATO Reaffirms Commitment to Support Iraq
By John Lee. On Wednesday 16 September, NATO Secretary General Jens Stoltenberg met with the Foreign Minister of Iraq Mr. Fuad Mohammad Hussein, at NATO Headquarters in Brussels. The Secretary General shared his deepest sympathies for those affected by the COVID-19 pandemic and reaffirmed NATO Allies' commitment to continue supporting Iraq in responding to this […]
TBI Boss to Head Iraq Securities Commission
By John Lee. The Chairman of the state-owned Trade Bank of Iraq (TBI) has been chosen as the new head of the Iraq Securities Commission (ISC). Faisal Al-Haimus (pictured) will take over from Dr. Alaa Abdulhussein Al-Saeidi as Chairman of the regulator. Grant Felgenhauer, Managing Partner at Euphrates Advisors, an investor on the Iraq Stock […]
New Investment Opportunities in Iraq
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Construction of a Hospital Construction of a Fuel Station (Source: National Investment Commission)
New Report on Iraqi Agriculture
Iraq is heavily reliant on oil, as oil revenues have been the spine of the economy and the main contributor to exports and remain so even with the halt of oil prices and market demand. This led to neglecting the opportunities that lie in other sectors that could diversify and support the economy. Agriculture is […]