Iraqi Investment and Reconstruction Conference in Rome
Sponsored by the Embassy of the Republic of Iraq in Rome, and in coordination with the Federation of Italian Industries, the Iraqi Conference on Investment and Reconstruction was held at the end of March to discuss investment opportunities and the contribution of Italian companies in the reconstruction of Iraq. Representatives of more than 200 Italian […]
Market Review: “Banks, and the Green Shoots of Recovery”
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 market, as measured by the Rabee Securities RSISUSD Index, declined by -1.7% in March, bringing the YTD decline to -13.9. Turnover, while up +23% […]
Lebanon calls for Restoration of Iraq Oil Pipeline
By John Lee. The Speaker of the Lebanese Parliament has reportedly called for the restoration of an oil pipeline between Iraq and Lebanon, which ceased operation during the Iran-Iraq war more than 30 years ago. On the last of a four-day visit to Iraq, during which he met with Iraqi President Barham Salih, Nabih Berri […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th April 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD578 (+3.0%) / $622 (+3.1%) (weekly change) (-12.4% and -12.4% YTD change, respectively). The number of week traded […]
Will Iraq close all Inspectors General offices?
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The vote on a “nonbinding” draft law designed to phase out the offices of inspectors general took place March 9 in Iraq's parliament. The major differences between political blocs over […]
Saudi Arabia to give Iraq $1bn to build Sports City
By John Lee. Saudi Arabia’s King Salman has reportedly committed a grant of $1 billion to build a sports city in Iraq. A high level Saudi delegation traveled to Baghdad on Wednesday for meetings with Iraqi officials on trade and investment. (Sources: Arab News, Reuters)
Gazprom Neft expands Oil Production at Sarqala
Russia's Gazprom Neft has commissioned a third production well at its Sarqala field in the Kurdistan Region of Iraq (KRI) Potential production at this new well is estimated at 12,000 barrels per day. Cumulative daily oil production at the field following the commissioning of the Sarqala-3 well has increased by 25 percent reaching 35,000 barrels. […]
Japan gives another $5.4m for Iraq Reconstruction
The United Nations Human Settlements Programme (UN-Habitat) has welcomed an additional contribution of USD 5.4 million from the Government of Japan to support reconstruction and peacebuilding in Iraq through the rehabilitation of war-damaged houses and construction of low-cost housing units in key liberated cities. More than one year from the declaration of the military victory […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Finance Coordinator, Norwegian Refugee Council (NRC) UDOC/CM Project Manager, Norwegian Refugee Council (NRC) Housing, Land & Property (HLP) Advisor, Norwegian Refugee Council (NRC) ICLA Assistant, Norwegian Refugee Council (NRC) Chief of Party (Livelihoods), Concern Worldwide IT Coordinator, ICMP - International Commission on Missing […]
New Career Opportunities in Iraqi Kurdistan
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Project Manager, UNOPS - United Nations Office for Project Services Senior Project Associate, UNOPS - United Nations Office for Project Services Capacity Building Project Assistant, UNAMI - United Nations Assistance Mission for Iraq Finance Controller, International Rescue Committee (IRC) Child Protection Specialist, […]
Iraq GDP Growth to Hit 8.1%
By John Lee. A new report from the World Bank Group forecasts real GDP growth (at constant market prices) of 2.8 percent this year in Iraq, increasing to 8.1 percent next year: Iraq’s economy is gradually picking up following the deep economic strains of the last four years. Real GDP is estimated to have grown […]
Iraq gives Iranians Visas Free of Charge
Iraq on Monday began issuing entry visa for Iranians free of charge in a reciprocal move under a deal reached three weeks ago. As of Monday, Iranians travelling to Iraq could obtain visa free of charge. The Iraqi cabinet of ministers said the decision that took effect on April 1 has been made as a […]