Soden Re-joins GKP Board
Further to the recent announcement that Garrett Soden was to be re-appointed to the Board of Gulf Keystone Petroleum (GKP) as a Non-Independent Non-Executive Director representing funds managed by Lansdowne Partners Austria GmbH, the Company is pleased to confirm that the formal appointment process has now been completed and as such welcomes Mr Soden back […]
Iraqi PM Pushes Electricity Projects
By John Lee. Prime Minister Mustafa Al-Kadhimi has held a meeting with the Ministers of Electricity and Oil to discuss electricity supply in Iraq, and directed that all electricity projects, especially those agreed with Siemens, be implemented without delay. He added that Iraq has spent billions of dollars on the electricity sector in recent years, […]
Iraq Corruption Case: Former Oil Execs Convicted
By John Lee. The UK's Serious Fraud Office (SFO) has secured convictions against two former oil executives who conspired to give corrupt payments to secure contracts in Iraq. A jury at Southwark Crown Court found Ziad Akle guilty on two counts and Stephen Whiteley guilty on one count of conspiracy to give corrupt payments. [Update […]
ICF Steps Up Advocacy with New Identity Refresh
The Iraqi Children Foundation (ICF), the United States' largest charity devoted exclusively to advocacy and support for Iraq's children, premiered today a fresh, impactful design and message for the cause. ICF Board Chairman Mohammed Khudairi explained: "Today, we reintroduce ourselves to Americans and the international community with a fresh voice. For over a decade, ICF […]
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 […]