US Senate confirms Tueller as Ambassador to Iraq
By John Lee. The U.S. Senate has confirmed the nomination of Ambassador Matthew Tueller to be the Ambassador to Iraq. Tueller has most recently served as U.S. Ambassador to Yemen. A native of Utah, Utah, his other overseas assignments have included Ambassador to Kuwait, Deputy Chief of Mission at Embassy Cairo; Political Minister Counselor at Embassy Baghdad; Deputy […]
Video: Rocket attack hits Baghdad's Green Zone
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. An apparent rocket attack has hit the high-security Green Zone. The area houses key government buildings and the United States embassy. Iraq's state-run news agency says a Katyusha rocket crashed in the area […]
Resumption of Flights between Iraq and Syria Postponed
By John Lee. Plans by Iraqi Airways to resume flights between Baghdad (pictured) and Damascus have reportedly been postponed. Syria's Ministry of Transportation said it had been informed of the "decision to postpone the trip of two Iraqi Airways planes today... until further notice," according to Rudaw. The Iraqi Embassy is said to have notified […]
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 "has Contingency Plans" for Iranian Gas
By John Lee. Oil Minister Thamer Ghadhban (pictured) has reportedly said on Thursday that Iraq has contingency plans in place to cope with any stoppage of Iranian gas imports. His comments come as the US increases sanctions pressure on Iran. According to Reuters, Ghadhban added that he hopes no such disruption will take place. (Source: […]
Iraqi Airways to resume Flights to Syria
By John Lee. Iraqi Airways will reportedly resume flights to the Syrian capital Damascus for the first time since 2011. According to AFP, Iraq's national carrier will operate a weekly service from Baghdad to Damascus starting on Saturday. (Source: AFP)
Stephen Whyte to step down at Genel Energy
Stephen Whyte, Chairman of Genel Energy, gave the following update on the business at the Company's Annual General Meeting, held in London on Thursday: Genel had a very successful 2018, with free cash flow generation of $164 million even while making significant investment in growth. 2019 has seen us continue this success. We are delivering […]
General Dynamics Wins $92m Iraq Contract
By John Lee. General Dynamics Ordnance and Tactical Systems has been awarded a $92,400,000 modification (P00003) to Foreign Military Sales (Iraq) contract W15QKN-18-D0020 for 120mm munition high explosive with tracer tank ammunition cartridges. Work locations and funding will be determined with each order, with an estimated completion date of Oct. 16, 2022. According to Defense […]
DNO Completes $400m Bond Placement
DNO ASA, the Norwegian oil and gas operator, has completed the private placement of USD 400 million of new, five-year senior unsecured bonds with a coupon rate of 8.375 percent. The bond placement received strong investor demand across international markets and was oversubscribed. The bond issue is expected to be settled on or about 29 […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th May 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD622 (+4.3%) / $669 (+4.3%) (weekly change) (-5.7% and -5.7% YTD change, respectively). The number of week traded […]
Cabinet approves Development Scheme near Baghdad Airport
By John Lee. The Iraqi Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Adil Abd Al-Mahdi. The Cabinet discussed and reviewed a number of infrastructure projects, and approved a scheme to develop land close to Baghdad International Airport. (Source: Govt of Iraq)
Entrepreneurship Program - Applications now Open!
Five One Labs is pleased to announce IGNITE, our very first entrepreneurship program focusing on achieving product market fit. This program will help you better understand the market you are competing in and how you can create the most value for your customers. We are now recruiting tech-entrepreneurs from communities all around Iraq to participate […]