Investment Opportunity: Hunting-Rifle Cartridges
The State Company for Military Industries (SCMI), under the authority of Ministry of Industry and Minerals, has invited investors to participate in the following investment opportunity: Transfer of Technology (TOT) and lndustry for hunting-rifle cartridges (Ga 12,16,20). Interested companies can obtain all the documents and tender conditions from the commercial department in the head office […]
Oil Production Resumes at Al Ahdab
By John Lee. The Al-Ahdab oil field has reportedly resumed production, having been off-line for about a week due to protests by security guards. The 70,000-bpd field is developed by China’s CNPC. (Source: Bloomberg)
Euro Ambassadors Condemn State Violence in Iraq
The Ambassadors of Canada, Croatia, Czech Republic, Finland, France, Germany, Hungary, Italy, the Netherlands, Norway, Poland, Romania, Spain, Sweden, the United Kingdom and the United States condemn the excessive and lethal use of force by Iraqi security forces and armed groups since 24 January against peaceful protestors, including in Baghdad, Nasiriya and Basra. Despite assurances […]
France Supports Explosive Hazard Management in Iraq
The United Nations Mine Action Service (UNMAS) has welcomed an additional contribution of EUR 600,000 (approximately USD 670,000) from the Government of France dedicated to explosive hazard management activities that aim at enabling returns in retaken areas of Iraq. The presence of explosive hazards, including improvised explosive devices in areas retaken from the Islamic State […]
Trump "Would Support" Siemens in Iraq
By John Lee. The CEO of Germany's Siemens has said that US President Donald Trump would support his company's role in reconstruction projects in countries like Iraq. Joe Kaeser (pictured) made the comment to CNBC at the World Economic Forum (WEF) in Davos, Switzerland. Following a hotly-contested competition in 2018, it was agreed that Siemens […]
Govt Finance Schemes to Support SMEs, Innovation
Iraqi government’s finance schemes to support SMEs and business innovation To support small and medium private-sector projects, the Iraqi government, through the Central Bank of Iraq (CBI) and with the participation of a number of private and state-owned banks, has made available several types of loans. The loans are available to all Iraqis. According to […]
$12m Contract for Radio Equipment in Iraq
By John Lee. Florida-based Scientia Global Inc. has been awarded a $12,149,039 firm-fixed-price Foreign Military Sales (Iraq) contract to procure combat effective Digital Mobile Radio Tier III equipment, development, deployment, training and support services. One bid was solicited via the internet with one bid received. Work will be performed in Erbil, Iraq; and Melbourne, Florida, […]
Dutch University to Develop Climate-Smart Agriculture in Iraq
By John Lee. Wageningen University and Research (WUR) will support six Iraqi universities to develop climate-smart agriculture and efficient water management in Iraq. Together with the Institute for Water Education (IHE) in Delft and ICRA Global, Wageningen researchers will train academic staff and develop knowledge transfer facilities. Iraq is one of the focus countries of […]
Iraq Improves Ranking in Corruption Perceptions Index
By John Lee. Transparency International has said that Iraq's ranking has risen slightly in its global Corruption Perceptions Index (CPI). From a total of 180 countries, Iraq came in at number 162; last year's position was 168 out of 180 countries. This result puts it on equal ranking with Chad and Cambodia. Libya was ranked […]
Troop Withdrawal from Iraq "Must Include All Aid"
By Laura Rozen for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. US Syria envoy: Any talks on troop withdrawal from Iraq must include all aid US-led international operations in Iraq against the so-called Islamic State (IS) have been put on pause, as some 5,000 […]
GardaWorld Weekly Security Report
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 23rd January 2020). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD625 (-4.4%) / $663 (-4.4%) (weekly change) (-5.2% and -5.4% YTD change, respectively). The number of week traded […]