Transparency in Iraqi Upstream Petroleum Sector
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Transparency in the Arab Countries’ Upstream Petroleum Sector- Iraq as case study* While upstream petroleum sector is either dominant or has significant importance in many Arab economies of MENA region, the transparency […]
Oil Exports Slightly up in August
By John Lee. Iraq’s Ministry of Oil has finalised oil exports for July of 111,706,135 barrels, giving an average for the month of 3.603 million barrels per day (bpd), up from the 3.556 million bpd exported in July. These exports from the oilfields in central and southern Iraq amounted to 107,520,044 barrels, while exports from […]
Iranian Bank Opening 7 Branches in Iraq
An Iranian private bank has been authorized by the Central Bank of Iraq (CBI) to open seven branches in the Arab country, an official said. According to the Chairman of the Iranian Private Banks Institute, Koorosh Parvizian, the Iranian private bank has already opened two of the seven branches in Iraq. He noted that opening […]
How the US Could Lose Iraq
By John Lee. There is a battle for influence in Iraq today, and Iran is winning, according to an opinion piece in National Interest. Michael Rubin (pictured), resident scholar at the American Enterprise Institute, writes that while diplomats from other countries are free to enjoy the return to normalcy in Baghdad, with its new and […]
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 […]
IBBC hosts Iraq Business Forum
The Iraq Britain Business Council (IBBC) is hosting over 250 Iraqi business people to a special trade and business conference in Westminster central hall on November 13th all day. The business people will be looking for British companies to interact and meet, for imports and exports of a wide range of products and sectors. British […]
ACWA Power Signs MoU with Iraq Energy Institute
ACWA Power, a Saudi-based developer, owner, and operator of power generation and water desalination plants, has signed a Memorandum of Understanding (MoU) with Iraq Energy Institute (IEI), an independent non-profit policy institute, to collaborate on research development projects and enhance capacity building programs that will contribute to the optimum development of Iraq’s energy sector. The […]
Lockheed to support Iraqi M1A1 Tank Fleet
By John Lee. US-based Lockheed Martin has been awarded a $9,725,000 firm-fixed-price Foreign Military Sales (Iraq) contract for procurement of Mobile M1A1 Situational Awareness Platoon Mobile Advanced Gunnery training system, mobile pre-brief, after action review capability, spare parts package, installation, on-site testing, training, design, development, test, management, documentation, hardware, software, and spares. One bid was […]
China's CITIC may Finance Iraqi Projects
By John Lee. The Iraqi Minister of Finance has met with China's state-owned investment company CITIC Bank to discuss the financing of projects in Iraq. Minister Fuad Hussein held talks with CITIC Bank chairman Chang Zhenming, in the presence of the Iraqi governors, transport minister, and electricity minister. The projects are said to include rail […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th September 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD630 (+2.4%) / $678 (+2.4%) (weekly change) (-4.4% and -4.5% YTD change, respectively). The number of week traded […]
IBN Welcomes New Expert Bloggers
By Padraig O’Hannelly. This week at Iraq Business News, we are delighted to welcome two new Expert Bloggers to our ranks: Sharing an Expert Blogger slot, Alice Bosley and Patricia Letayf are the co-founders of Five One Labs, the hugely impressive start-up incubator that helps refugees and conflict-affected entrepreneurs launch and grow their businesses. Launching […]
Some Positive Indicators for Iraq
By John Lee. At Iraq Business News, we are often asked how we see Iraq developing over the coming months and years. The truth is that none of us has a crystal ball, but it's possible that some data from our website may give a feel for the direction of sentiment towards Iraq: Pageviews for […]