Unpaid Salaries fuel Protests in Iraqi Kurdistan
By Joe Snell for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Outraged after months of not receiving salaries, regular electricity outages and a failure to provide local business bailouts, protests erupted last week in northern Iraq against the Kurdistan Regional […]
PM meets Trump: What Outcome for Iraqi Economy?
By Dr Amer K. Hirmis, Capital Business Strategies Ltd. - UK. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq's PM meets the President of the United States... What outcome...for the Iraqi economy? Introduction This Thursday, August 20th, the "President Donald J. Trump will […]
Norwegian Firm to build Oil Tankers for Iraq
By John Lee. Iraq's Ministry of Oil, represented by the Iraqi Oil Tankers Company (IOTC), has concluded a contract with Norway's Batservice Mandal [Båtservice Mandal AS] to build two oil tankers. Oil Minister Ahsan Abdul-Jabbar Ismail said that this contract comes within the framework of the ministry's plans to rebuild the national fleet of oil […]
Iraq to Sign Exploration MoU With Chevron
By John Lee. Iraq is reported to be planning to sign a memorandum of understanding with US-based Chevron to explore for oil in Dhi Qar (Thi Qar) province. A person familiar with the matter told Bloomberg that the deal would formalise Chevron's interest in exploring the eastern and western parts of Nasiriyah, the capital of […]
GKP CFO to Chair Oryx
Oryx Petroleum has announces the appointment of Sami Zouari (pictured) as Board Chair and Independent Director with immediate effect. Mr. Zouari succeeds Jean Claude Gandur who recently resigned from the Corporation as part of transactions consummated between The Addax and Oryx Group PLC and Zeg Oil and Gas Limited. Sami Zouari was most recently the […]
Japanese Firm awarded $3.7bn Iraq Deal
JGC Holdings Corporation announced today that JGC Corporation, which operates the overseas engineering, procurement, and construction (EPC) business of the JGC Group, has been received the Letter of Award for the Basrah Refinery Upgrading Project for an Iraqi oil refining company under the Iraqi Ministry of Oil. Details of the project are as follows. […]
Radiola Aerospace joins IBBC
The Iraq Britain Business Council (IBBC) has announcd that Radiola Aerospace has joined as a new member. In a statement, the IBBC said: Having operated in Iraq since 2004, Radiola is well known in Iraq, and has been deeply involved in the provision of navigation and communication systems at Iraq's leading airports, as well as […]
What You Need to Know About Exporting to Iraq in 2020
Advertising Feature If you're an exporter looking to ship goods into Iraq, you'll need to get a Certificate of Conformity (COC) or Certificate of Inspection (COI). But what exactly does that mean and why are they important? International exporters around the world are taking advantage of Iraq's increasing demand for imports. The country took in […]
Iraq's Trump Cards against Turkey to Secure Water Quota?
By Omar al-Jaffal for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. What trump cards is Iraq pulling against Turkey to secure water quota? While temperatures have risen to 50 degrees Celsius (122 degrees Fahrenheit) in a number of regions of […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th Aug 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD653 (+4.2.) / $681 (+3.7%) (weekly change) (-0.9% and -2.9% YTD change, respectively). The number of week traded […]
Iraq again breaks daily COVID-19 record
By Omar al-Jaffal for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq again breaks daily COVID-19 record Iraq broke its record for daily confirmed COVID-19 cases again on Friday. There were 4,013 new cases on Aug. 14. The highest numbers were […]
No quick fix for Iraq's Electricity Crisis
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. No quick fix for Iraq's Electricity Crisis The heat wave in Iraq has raised the ire of citizens in the central and southern areas, pushing many to take to […]