Pearl Petroleum to Raise Funding for Kurdistan Investment
By John Lee. Pearl Petroleum is reportedly planning to raise additional funding for its drilling and development in Iraqi Kurdistan, According to Reuters, Patrick Allman-Ward, the chief executive of Dana Gas, which is the majority owner of Pearl Petroleum, told reporters that the funding will "comprise a mix of bank debt, a bond, Exim bank […]
$200m to Improve Iraq's Electricity Supply
2.5 Million Iraqis and Businesses to Benefit from Improved Electricity Services A new US$200 million World Bank project will provide increased and more reliable supply of electricity to about 2.5 million Iraqis and productive enterprises in the governorates of Basra, Al-Muthanna, Thi Qar, and Missan who currently suffer from frequent and long power cuts and […]
Iran Oil Co to Open Office in Iraq
The National Iranian Oil Company (NIOC) will set up a representative office in Iraq to facilitate activities by Iranian producers and constructors in the neighboring state. The issue was discussed in a meeting between Iranian oil industry equipment producers and senior managers of the Iraqi Ministry of Oil on the sidelines of the 24th Iran […]
Iran Eyes Closer Military Cooperation with Iraq
The Iranian defense minister called for the enhancement of military and defense cooperation with Iraq, saying collaboration between the two neighbors would serve regional security and stability. In a meeting with a delegation of Iraqi military commanders, Brigadier General Amir Hatami said the common threats and opportunities necessitate closer consultations between Tehran and Baghdad for […]
Explosive Hazards in Mosul remain a Major Threat
By Tessa Fox for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Explosive hazards in Mosul a major threat for years to come The classroom of 13-year-old boys was vibrant, filled with energy, as the final lesson of the day began, addressing a […]
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 […]
Yarmouk Park Rehabilitation Project Launched
EU-funded programme Supporting Recovery and Stability in Iraq through Local Development - Launch of the Yarmouk Park Rehabilitation Project in Mosul Mosul local authorities and citizens gathered in Al Yarmouk Park in West Mosul on 2 May 2019 to launch the rehabilitation works that will be conducted under the programme Supporting Recovery and Stability in […]
Iraq hopes for Dilemma-less Summer
By Farhad Alaaldin for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. It has been six months since Baghdad formed its new government, and no major political crises have arisen. For Iraq, this is unheard of. This could be the result […]
Market Review: “Economy continues to Recover”
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, increased by +2.5% in April, bringing the YTD decline to -11.8%. Average daily turnover, excluding […]
Energy tops agenda of Turkish FM's meetings in Iraq
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Energy tops agenda of Turkish FM's meetings in Iraq Turkey’s Foreign Minister Mevlut Cavusoglu met with Iraqi Kurdish leaders recently on the last leg of an ambitious visit to […]
US launches $5m Airport Security Program
The U.S. Embassy in Baghdad and Iraq Civil Aviation Authority (ICAA) officials are celebrating the launch of a $5 million Iraq airport security program. This U.S. Government-funded initiative will provide both training and equipment in close coordination and partnership with Iraq civil aviation experts. During his remarks at the launch reception, U.S. Embassy Chargé d’Affaires […]
Chartered flights from Netherlands to Kurdistan
By John Lee. The Turkish charter company Freebird Airlines will reportedly offer flights from Eindhoven Airport in the Netherlands to Erbil and Sulaymaniya throughout the summer. According to Eindhoven News, flights depart once a week from April to October. (Source: Eindhoven News)