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 […]
Oil Exports Revenues Rise in October
By John Lee. Iraq’s Ministry of Oil has announced interim oil exports for October of 107,530,008 barrels, giving an average for the month of 3.469 million barrels per day (bpd), a slight decrease from the 3.560 bpd exported in September. These exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan. […]
New Prime Minister Inherits a Better Country
Iraqis are desperate to reboot their creaking democracy. Nearly every government since the fall of Saddam Hussein in 2003 has proven corrupt, incompetent or dysfunctional. Their new prime minister, Adel Abdul-Mahdi, hardly seems like a change. The 76-year-old former finance and oil minister belongs to the old elite, whose fathers were ministers when Iraq was […]
New Iraqi Govt announces Main Priorities
Prime Minister Adil Abd Al-Mahdi presented to Iraq’s parliament the new Government of Iraq’s programme for 2018-2022. The programme outlines practical plans for transitioning Iraq from a crisis context to sustainable development across all sectors, and sets out a framework to guide the planning and work of each ministry. It specifies timetables, sets out key […]
Can US Aid Help Iraq’s Minorities?
By Saad Salloum for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. To what extent can US aid help Iraq’s minorities? Iraqi minorities have warmly welcomed the Oct. 16 announcement by the US State Department that it would be providing $178 million in additional aid […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st November 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD662 (+2.2%) / $709 (+2.2%) (weekly change) (-18.3% and -15.1% YTD change, respectively). The number of week traded […]
"Peshkabir is on Steroids" - DNO Boss
DNO ASA, the Norwegian oil and gas operator, today announced a rise in third quarter 2018 net profit to USD 63 million from operating revenue of USD 171 million on the back of solid production, regular export payments and higher oil prices. Operated production averaged 117,600 barrels of oil equivalent per day (boepd) during the […]
S Korea wins $500m Deal for Electricity in Iraq
By John Lee. South Korea's STX Marine Service has reportedly won a contract to restore and operate diesel-fueled electric power plants in Iraq. According to Yonhap, the company said the US$500-million deal will see it four 900-megawatt electricity generation units over five years. It calls for 100 South Korean engineers to be dispatched by STX, […]
PM faces Pressure in Forming his Cabinet
By Hamdi Malik for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Most of the political forces participating in the Iraqi parliament have stressed the need to leave the quota system behind. The deeply entrenched differences, however, surfaced during the parliament […]
New Funds from US for UNHCR Iraq
UNHCR, the UN Refugee Agency, warmly welcomes the generous 2018 contributions from the Government of the United States of America, which reached a cumulative total of US$ 128.8 million for Syrian refugees and internally displaced Iraqis. With the support of donors like the United States, UNHCR can continue to provide assistance to the millions of […]
Iraq receives new South Korean Fighter Jets
By John Lee. The Iraqi Air Force has received a new batch of T50 fighter jets under the contract with Korea Aerospace Industries (KAI). This aircraft is a multi-task combat aircraft and, according to a statement from the Iraqi Ministry of Defense, it matches the F16 in terms of efficiency. The fleet is planned to grow […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Project Assistant - Administration, UNAMI - United Nations Assistance Mission for Iraq Engineer, UNAMI - United Nations Assistance Mission for Iraq Governance Accountability and Performance (IGPA) - Project Reporting Officer, Development Alternatives, Inc. (DAI) Security Assistant, Norwegian Refugee Council (NRC) Logistics Officer, Norwegian […]