Iraq to Increase Wheat Imports
By John Lee. Iraq is expected to significantly increase its imports of wheat, as it reportedly cuts the irrigated area it plants with wheat by half in the 2018-2019 growing season due to the continuing water shortages. Deputy Agriculture Minister Mahdi al-Qaisi told Reuters: “The shortage of water resources, climate change and drought are the […]
Iraqi Planes return to Damascus after 7 years
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 planes land in Damascus following 7-year hiatus Following a seven-year hiatus caused by the economic embargo imposed on Syria and the unstable security situation, an Iraqi civilian airplane […]
New Commander for Operation Inherent Resolve
Army Lt. Gen. Paul J. LaCamera, commanding general of the XVIII Airborne Corps, assumed command of Combined Joint Task Force Operation Inherent Resolve from Army Lt. Gen. Paul E. Funk II, the III Armored Corps commanding general, today during a ceremony in Baghdad. Iraqi security forces partners and distinguished guests joined an audience including U.S. […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th Sept 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD719 (+0.3%) / $767 (+0.1%) (weekly change) (-11.3% and -8.2% YTD change, respectively). The number of week traded […]
Erbil Stadium to be Sold to Private Investor
By John Lee. Erbil’s main outdoor stadium will reportedly be sold off to a private investor. According to Rudaw, a new stadium will be built on the site of the Franso Hariri Stadium. The existing 28,000-capacity venue was built in 1956 and refurbished in 1992. More here from Rudaw. (Source: Rudaw) (Picture credit: Kushared)
SOSi Wins $5m Contract at US Embassy
SOS International LLC (SOSi) has announced its award of a $5 million base plus four-year contract by the U.S. Army to provide human resources, accounting, and technical security assistance services to the Office of Security Cooperation at the U.S. Embassy in Baghdad. U.S. security assistance supports the development of a modern, accountable, fiscally sustainable, and […]
GKP Receives Payment for June Sales
Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $22.6 million ($17.7 million net to GKP) has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil sales during June 2018. (Source: GKP)
Eni CEO meets Iraqi Oil Minister
The oil minister of Iraq, Jabbar Ali Hussein Luaibi, and the Chief Executive Officer of Eni, Claudio Descalzi (pictured) met in Baghdad on Saturday. During the meeting Eni's CEO had the opportunity to outline the Company's current activities in the country in light of the recent achievements of the Zubair field development, where the production […]
Umm Qasr Port receives its Largest Container Ship to date
By John Lee. The largest container vessel to dock at the Port of Umm Qasr has recently arrived at the Basra Gateway Terminal (BGT). According to Container Management Magazine, Evergreen’s 5,652 teu-capacity Ever Useful, with a length of 285 m, beam of 40 m and a weight of 69,246 tonnes, called at Berth 27 at […]
Coalition Strikes Target ISIS Terrorists
The coalition and its partners continued to strike Islamic State of Iraq and Syria targets in designated parts of Syria and Iraq between Sept. 3-9, conducting 16 strikes consisting of 22 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. Operation Roundup, which began May 1 to accelerate the defeat of ISIS […]
Saudia Airlines to fly to Erbil
By John Lee. Saudia Airlines has announced that it will start direct services to Erbil in October. The service will offer three flights per week from Jeddah. (Source: Saudia Airlines)
Ouzo Gains Popularity in Iraq
By John Lee. Greek ouzo has reportedly become extremely popular in Iraq in recent years, with imports increasing steadily. According to greekreporter.com, ouzo is now replacing Iraq’s popular arak, a transparent drink very similar to Greece’s ouzo or raki. Komotini-based company Distillery Winery of Thrace claims to have an 85-percent share of the Iraqi ouzo […]