Iraq fears Levees will mean Parched years ahead
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. Iraq fears bevy of levees will mean parched years ahead Although water levels in the Tigris and Euphrates rivers have been rising as torrential rains fill some of the […]
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 […]
WHO sends Medical Supplies to Missan
WHO sends shipment of kits and medical supplies to Missan governorate Responding to the needs of the Directorate of Health in Missan following the recent floods that hit the area, the World Health Organisation (WHO), with the generous support of donors, sent a large consignment of emergency kits and medical supplies to support the Directorate, […]
Mosul faces Political Crisis after Governor dismissed
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The Iraqi Supreme Judicial Council issued an official order to the Erbil Appeals Court on April 8 to implement an arrest warrant for the former governor of Ninevah province, Nawfal al-Akoub. A conflict over […]
ICTSI to Increase Capacity at Umm Qasr Port
By John Lee. Philippines-based International Terminal Container Services Inc. (ICTSI) has reportedly allocated additional funds for capacity expansion at its Basra Gateway Terminal (BGT) at the Port of Umm Qasr. Rafael Consing, ICTSI chief financial officer, is quoted by the Philippine Daily Inquirer as saying that this year’s capex budget of $380 million will be […]
BlackRock Increases Holding in GKP
By John Lee. US-based investment giant BlackRock has increased its shareholding in Gulf Keystone Petroleum (GKP) to 5 percent, up from 4.89 percent. Shares in the company have risen 35 percent since the start of the year. In 2016, GKP announced that it was in default on its debt obligations, which led to a restructuring […]
KRG Details 167 Humanitarian Projects
By John Lee. The Kurdistan Regional Government (KRG) has issued a report on its "Priority Humanitarian Small Scale Projects: In Health, Education, Municipality, Electricity, Social Care, Agriculture and Livelihoods and Water Sectors Kurdistan Region-Iraq 2019". The document presents a detailed breakdown of a total 167 priority humanitarian Small Scale Projects (SMPs) for 2019. The focus […]
IBBC holds 9th Annual Spring Conference
The Iraq Britain Business Council (IBBC) held its annual Spring Conference at the Mansion House in London on 10 April, hosting officials from the UK and Iraqi Governments and delegates from the major companies operating in Iraq covering all sectors of the economy. The conference was entitled ‘Iraq – Financing a Modern Economy’ and was […]
New Oil Well Enters Production at Taq Taq
By John Lee. Share in Genel Energy closed Thursday up 2.75% after the company announced an update on activity at the Taq Taq field (Genel 44% working interest), as testing of the TT-20z well has now been completed. In a statement, the company said the well has entered production at an initial rate of 2,000 […]
Dana Gas Boosts Production in Kurdistan
By John Lee. Sharjah-based Dana Gas has announced that its average production for Q1 2019 has increased by 6% year-on-year to 68,700 boepd from 65,000 boepd in Q1 2018. The first quarter production increase was led by the Kurdistan Region of Iraq (KRI), which leapt to 32,750 boepd in Q1 2019 from 26,300 boepd in […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 11th April 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD581 (+0.5%) / $626 (+0.5%) (weekly change) (-11.9% and -11.9% YTD change, respectively). The number of week traded […]
Iran, Iraq forge ahead with Collaboration
By Hamidreza Azizi for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iran, Iraq forge ahead with collaboration amid US pressure Iraqi Prime Minister Adel Abdul Mahdi visited Tehran April 6-7, his first official visit to the neighboring country since assuming […]