Mousa Jiyad: Transparency in the Iraqi Petroleum Sector
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Transparency in Iraq petroleum sector - More symbolic formality than impacting effectiveness The petroleum sector is the only sector of the Iraqi economy that has been subject to a formal, articulated, transparency […]
Cement Plant Starts Commercial Ops
By John Lee. The Iraqi Government has announced that commercial operations have begun at the "Al-Kaytan Falcon Cement Plant" in Basra. According to a government tweet, the project cost $43.7 million to build, has a production capacity of a million tonnes annually, and created more than 250 new jobs. Falcon is a cement brand owned […]
IBBC Executive Cmte Meeting and Council Mtg
The Iraq Britain Business Council (IBBC) held its biannual council meeting on Wednesday 8 July. The meeting was chaired by Bob Phillips (Mott MacDonald), member of IBBC's Executive Committee and was attended by over 30 IBBC member company's representatives. Following a discussion of the present situation in Iraq and the UK, led by IBBC's President Baroness […]
Baghdad's Row with Ankara could Benefit Each Side
By Fehim Tastekin for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad's row with Ankara could benefit each side Turkey's drive to establish a "security corridor" against Kurdish groups along its southern borders - all the way from Afrin in northwestern Syria to the Qandil […]
Iraqi Govt to prepare Urgent Study on Social Security Fraud
By John Lee. The Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister extended his condolences and paid tribute to Dr. Hisham Al-Hashimi who was assassinated by a group of armed outlaws. The Prime Minister said that the perpetrators of […]
New Insight into Iraq's Looming Water Crisis
New Report and Webtool Provide Insight into Iraq's Looming Water Crisis: IOM and Deltares Iraq faces a complex water crisis that is expected to persist and might have implications at the humanitarian, socioeconomic, security and social levels, including population movements. In July 2019, the International Organization of Migration (IOM) in Iraq identified 21,314 internally displaced […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th July 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD576 (-1.2%) / $602 (-0.4%) (weekly change) (-12.6% and -14.1% YTD change, respectively). The number of week traded […]
On the Murder of Husham al-Hashemi
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. On July 6, 2020, Iraq's most prolific security commentator Husham al-Hashemi was assassinated in Zayouna, a social melting pot neighborhood of east Baghdad. At 8:19 […]
Germany Strengthens Criminal Justice Services in Iraq
Criminal justice services in Iraq strengthened thanks to new contribution from Germany The Government of Germany has committed USD 1.13 million to support the Government of Iraq strengthen its criminal investigations and crime scene management under a new project in partnership with UNDP Iraq. Strengthening Criminal Investigations and Crime Scene Management Capacities in Iraq aims […]
Oil Minister meets with Chinese and Russian IOCs
By John Lee. The director of the China National Offshore Oil Corporation (CNOOC) has presented his company's plans for the development of the Bazergan [Buzurgan] oil field in Maysan to Iraq's Oil Minister Ihsan Abdul-Jabbar. In a separate meeting on Wednesday, the Minister also received the CEO of Lukoil in Iraq, Igor Zubarev, who gave […]
Iraq Partially Reopens Shalamcheh Border Crossing
By John Lee. Iraq has reportedly partially reopened its southern Shalamcheh border crossing with Iran, more than three months after it was closed to help combat the spread of the coronavirus / COVID-19. According to Shafaaq, the crossing will open every Wednesday and Sunday from now on, but only for the trade of foodstuffs; it […]
KRG's Operational Expenditure System goes Digital
KRG's Reform Programme Continues: government's operational expenditure system goes digital The Kurdistan Regional Government is this month rolling out a fully digitalised system to control operational expenditure. This important modernisation step - the result of detailed collaboration between various government bodies - will increase efficiency and reduce corruption by ensuring that all government day-to-day expenditure […]