IEITI: Making Iraq “Compliant” Again
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. IEITI: Making Iraq “Compliant” Again! The Extractive Industries Transparency Initiative (EITI) suspended Iraq's status as a “compliant” country on October 2017; the suspension, after initial irrational denial, prompted the Iraqi authorities to […]
New Investment Opportunity in Iraq
By John Lee. The National Investment Commission (NIC) has announced an investment opportunity to establish a residential complex on the National Security Collage location (formerly), Al Jihad Q. plots no. (2/1190, 3/3574, 3/2552, 3/2557, 3/13384 district 18 Amriya) according to Investment Law no. 13 for 2006 (amended). Specialized local and foreign interested companies can apply […]
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 […]
New Contract for Drilling 40 Wells at Majnoon
By John Lee. Iraq’s Basra Oil Company (BOC) has agreed a deal with the state-owned Iraqi Drilling Company (IDC) to drill 40 new oil wells in the giant Majnoon oilfield. In a statement on Thursday, the Ministry of Oil said the aim is to increase production at the field to 450,000 barrels per day (bpd) […]
China's CNOOC to Survey 2 Exploration Blocks
By John Lee. Iraq's Ministry of Oil has signed a contract with the China National Offshore Oil Corporation (CNOOC) to carry out seismic surveys of two oil exploration blocks. One of the fields is in the territorial waters of Iraq in the Gulf, while the second in the city of Faw (Fao). (Source: Ministry of […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 31st January 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD639 (-0.6%) / $688 (-0.6%) (weekly change) (-3.1% and -3.1% YTD change, respectively). The number of week traded […]
What Iran's Revolution meant for Iraq
By Bruce Riedel, Brookings Institution. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. What Iran's Revolution meant for Iraq The collapse of the shah's government in Iran in early 1979 impacted the entire world but no country was more affected than Iraq. Saddam Hussein's […]
Iraq activates Supreme Anti-Corruption Council
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi Prime Minister Adel Abdul Mahdi has restructured the Supreme Anti-Corruption Council founded by his predecessor Haider al-Abadi in October 2015. Abdul Mahdi said Jan. 9 that he would make every […]
Sallyport wins $375m Iraq Contract
US-based Sallyport Global Holdings has been awarded a not-to-exceed $375,000,000 cost-plus-fixed-fee undefinitized contract action to provide base operations support, base life support, and security services in the support of the Iraq F-16 program. Work will be performed on Balad Air Base, Iraq, and is expected to be completed by Jan. 30, 2020. This contract was […]
Russia wants More Projects with Iraq
By John Lee. Russian Foreign Minister Sergey Lavrov has said that Moscow is very interested in increasing trade, economic and investment ties with Iraq. Following a meeting on Wednesday with Iraqi Foreign Minister Mohamed Ali Alhakim, he said: "In the field of investment, especially in the hydrocarbon sector, there is a very good result. Lukoil, […]
Jordan wins $40m deal to Furnish Projects in Baghdad
By John Lee. The Jordan Furniture Exporters and Manufacturers Association (JFEMA) has reportedly signed a memorandum of understanding to carry out furnishing and interior works projects in Iraq, with an estimated total value of $40 million. According to the Jordan Times, the work will include a project to furnish the largest commercial mall in Baghdad, […]
Iraq Ranked Last in Good Country Index
By John Lee. Iraq has been ranked last out of 153 countries in this year's Good Country Index, placing it just behind Libya and Yemen. Iran was ranked 138th. The idea of the Good Country Index to measure what each country on earth contributes to the common good of humanity, and what it takes away, […]