Fmr UK Defence Minister joins Genel Energy Board
Genel Energy has announced the appointment of David McManus as Chairman with immediate effect. Sir Michael Fallon (pictured) has been appointed as senior independent Non-Executive Director, and Tolga Bilgin and Hassan Gozal have also been appointed to the Board as Non-Executive Directors. David McManus has more than 40 years of experience in the oil and […]
KRG "Agrees 2020 Budget Share with Baghdad"
By John Lee. Erbil and Baghdad have reportedly reached an agreement on Erbil's contribution to the 2020 federal budget. According to Reuters, the state news agency INA says the deal includes a transfer of 250,000 barrels per day (bpd) from the oil-producing region to Iraq's national budget. Iraq's 2020 federal budget is currently under discussion […]
Duhok to Establish First Solar Energy Park
Duhok will soon have its first solar energy park in a major step towards becoming a low-carbon governorate, setting an example on sustainable renewable energy to follow in Iraq. On 04 February 2020, the United Nations Development Programme (UNDP) signed a letter of agreement with the Governorate of Duhok to establish a pilot solar park […]
Market Review: “A Tale of Two Markets”
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The year for Iraq, and its equity market, started with two momentous events that raised the feared spectre of a US-Iran proxy war fought in […]
Asiacell ranked "Best Telco" in Iraq
By John Lee. Asiacell has reportedly been ranked as the best telecom company in Iraq for 2019 at the International Finance Award ceremony in Dubai. According to a press release on PR Newswire, the award was made for the company's network quality and the development of its infrastructure. (Source: PR Newswire)
Kurdistan to develop Vision 2030 supported by UNDP
The United Nations Development Programme (UNDP) signed a Memorandum of Understanding (MoU) with the Kurdistan Region of Iraq’s Ministry of Planning, in order to provide strategic guidance and technical support for the development of KRG Vision 2030. Held in Erbil on 03 February 2020, the signing reaffirms the Region’s commitment to achieve the Sustainable Development […]
Can New PM Nominee Navigate the Political Chaos?
From the Atlantic Council. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Can Iraq’s new prime minister nominee navigate Baghdad’s political chaos? As Iraq continues to face widespread demonstrations and the fallout of escalating tensions between the United States and Iran, Iraq’s President […]
Protests Swell despite Clash with Sadrist Supporters
By Gilgamesh Nabeel for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. After withdrawing his support for the protests, controversial populist Shiite cleric Muqtada al-Sadr ordered his followers back to Tahrir Square Feb. 1, where his supporters clashed with demonstrators and […]
Iraq 2020 - Discovering Business
Iraq Business News is delighted to bring you a major new guide to business in Iraq. Published by Allurentis, in association with Iraq’s National Investment Commission (NIC), Iraq 2020 - Discovering Business contains a wealth of case studies, commentary and data; it’s 68 pages of essential reading for everyone with an interest in the redevelopment […]
More New Investment Opportunities in Iraq
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Erection a new factory for production of Chorine /Caustic Soda – State Company for Petrochemical Industries Production of tractors, State Company for manufacture of cars and equipment Production of power transmission towers, State Company for Automotive Industry (SCAI) (Source: National Investment Commission)
Iraq Oil Exports Fall in January
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for January of 102,485,497 barrels, giving an average for the month of 3.306 million barrels per day (bpd), down from the 3.428 million bpd exported in December. These exports from the oilfields in central and southern Iraq amounted to 101,062,366 barrels, while exports […]
Profiles of Prime Minister Designate
By John Lee. Several publications have produced profiles of Mohammed Tawfiq Allawi, the new nominee for the position of Iraqi Prime Minister: Middle East Center for Reporting and Analysis (MECRA) Robert S. Ford, Middle East Institute (MEI) Chloe Cornish, Financial Times Brandon Wallace, Institute for the Study of War (ISW) China Global Television Network (CGTN)