Halliburton Wins New Drilling Contract in Iraq
US-based oil services company Halliburton has today announced it has signed two contracts with Eni Iraq BV to provide integrated drilling services at Eni’s Zubair oilfield in Southern Iraq. Under the contracts, Halliburton will mobilize four to six rigs to drill development wells over the next two years. Mahmoud El-Kady, vice president of the Iraq […]
Oil Ministry Finalises Export Figures for November
By John Lee. Iraq’s Ministry of Oil has announced final oil exports for November of 101,313,958 barrels, giving an average for the month of 3.377 million barrels per day (bpd), a decrease from the 3.478 bpd exported in October. These exports from the oilfields in central and southern Iraq amounted to 100,895,342 barrels, while exports from […]
Video: Iraq’s Yazidi Projects face Funding Threat
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In northern Iraq, several projects are trying to help Yazidi women support themselves and their loved ones after ISIL drove them from their towns and villages into refugee camps. But as the threat […]
Iraqi Kurdistan struggles to end Violence against Women
By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Shaima was 17 years old and entering her junior year in school in Erbil. Her mother, who was worried about family "honor," often challenged her daughter in heated discussions. Eventually, […]
Iraq Scores Poorly on "Best Countries for Business" Index
By John Lee. Iraq has been ranked in 130th place in the Forbes Best Countries for Business index, out of the 161 countries measured. The index gauges the Best Countries for Business by rating nations on 15 different factors, including property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape and investor […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th December 2018). Note: ISX will be closed during December 26, 2018 - January 1, 2019 due to the end-of-year closing operations. The next session will be held on Jan. 2, 2019. Please click here to download a table of listed companies and their associated […]
TBI first Iraqi Bank to get B- from Fitch
Fitch Ratings has assigned Trade Bank of Iraq (TBI) a Long-Term Issuer Default Rating (IDR) of 'B-' with Stable Outlook. According to Saudi Gazette, this makes TBI the first bank in Iraq to get B- from Fitch. IDRS AND VIABILITY RATING TBI's IDRs are driven by the bank's Viability Rating (VR) and underpinned by potential […]
Official Hails Growing Trend in Iran’s Exports to Iraq
The secretary general of Iran-Iraq joint chamber of commerce highlighted an upward trend in the export of Iranian products to Iraq. In a meeting with Iranian and Iraqi trade delegations, Hamid Hosseini pointed to a growing trend in Iran’s exports to the Arab country, saying its daily value stands at $45 million and sometimes reaches […]
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 […]
A Sovereign Wealth Fund for Iraq
The Al-Bayan Center for Planning and Studies has proposed the creation of sovereign wealth fund in Iraq. Once used by only a few countries around the world, Sovereign Wealth Funds (SWFs) are becoming an increasingly common feature of international finance and state-led economic development. An increasing number of countries, predominantly developing countries, who rely on the export of commodities […]
Sinjar Road Reconnects Yazidis, Kurds with Baghdad
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. Sinjar road reconnects estranged Yazidis and Kurds with Baghdad Nadia Murad (pictured), the Nobel prize laureate who has emerged as the universal face of Yazidi persecution by the Islamic […]
Video: Iran Sanctions threaten Iraq's Energy Supply
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. There is a fight over energy in Iraq between the US and Iran. Iraq relies on Iranian gas for nearly half of its energy - gas that is now subject to US sanctions […]