New Investment Opportunity in Iraq
By John Lee. The National Investment Commission (NIC) has announced a new investment opportunity in Iraq: Production of tubular and lattice steel poles for electricity, General Company for Communications Equipment and Power (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
Iraqi Kurdistan takes Aim at Gun Control
By Dana Taib Menmy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. In a bid to control armed violence and high crime rates, the Kurdistan Regional Government has given gun owners six months to register their arms and give up their heavy weapons. KRG […]
ISIS Child Suspects "Arbitrarily Arrested, Tortured"
By John Lee. Iraqi and Kurdistan Regional Government authorities have charged hundreds of children with terrorism for alleged Islamic State (also known as ISIS) affiliation, Human Rights Watch (HRW) has said, adding that the prosecutions are often based on dubious accusations and forced confessions obtained through torture. The 53-page report, “‘Everyone Must Confess’: Abuses against […]
KRG PM receives Jordanian Delegation, pushes Investment
KRG Prime Minister Nechirvan Barzani received Jordanian Minister of Industry, Trade, and Supply Dr. Tariq al-Hammouri, Jordanian Ambassador to Iraq Montaser Oklah, Consul General of The Hashemite Kingdom of Jordan to the Kurdistan Region Haitham Abu Alfoul, and their accompanying delegation. Minister al-Hammouri highlighted historical relations between the Kurdistan Region and Jordan and expressed willingness […]
Govt denies Cutting Internet during Exams
By John Lee. Iraqi media reported on Thursday that an agreement was signed between the Iraqi Ministries of Education and Communication to cut internet service during the period of the next "ministerial examinations" (sic). The Ministry of Communications denies the reports, adding that it wishes to assure the Iraqi public that there is no intention […]
Has Islamic State returned to Iraq?
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. Iraqi security forces killed five suicide attackers northwest of the northern Iraqi city of Mosul Feb. 20. A car bomb in central Mosul killed one civilian and wounded 13 others Feb. 28, just the latest in many recent incidents […]
Kuwait-Iraq Free Zone Plan
By John Lee. Kuwait is reportedly planning to build towns close to the Iraqi border, and talking with Iraqi authorities to develop a "free zone" between the two countries. According to Kuna, First Deputy Prime Minister and Minister of Defence Sheikh Nasser Sabah Al Ahmad Al Sabah (pictured) said the plan was currently "the preoccupation […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th March 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD595 (+3.0%) / $640 (-2.0%) (weekly change) (-9.8% and -9.8% YTD change, respectively). The number of week traded […]
Uncovering a Fish Epidemic that stunned Iraq
Test results from international laboratories confirm that the death of millions of farmed carp in Iraq in late 2018 was caused by fish disease, not pollution. The carp suffered from the Koi Herpes Virus (KHV), a lethal disease known to cause almost 100 percent mortality rates in carps. Based on these results, we can therefore […]
Women’s Empowerment "Contributes to National Stability"
International Women’s Day was celebrated today at an event organized by the Directorate for the Empowerment of Iraqi Women at the Council of Ministers. The event, which was supported by UN Women and the International Medical Corps, was attended by senior Iraqi government officials, including the two Deputy Speakers of the Council of Representatives, human […]
$700m Investment in Kurdistan Gas Project
Pearl Petroleum Company Limited, the consortium led by Crescent Petroleum and Dana Gas of the UAE, has signed a new 20-year Gas Sales Agreement (GSA) with the Kurdistan Regional Government (KRG) to enable production and sales of an additional 250 MMscf/day that the consortium aims to produce by 2021 as part of their expansion plans […]
Shell "Still Evaluating" Viability of Nebras Petrochemicals Complex
By John Lee. Shell is reported to be still in the process of evaluating the viability of the $11-billion Nebras petrochemical complex in Basra. The project was designed to produce 1.8 million mt/year of various petrochemicals, using naphtha as a feedstock. Last year, Reuters reported that Saudi Basic Industries Corp (SABIC) was in talks to […]