£9m from UK for Iraqis Refugees
UNHCR supports 130,000 Iraqis taking the first steps on the road to recovery, thanks to funds from the UK Department for International Development UNHCR, the UN Refugee Agency, completes a year-long series of activities this month, supporting 130,000 vulnerable Iraqis as they take the first steps on the road to recovery, thanks to the generous […]
New Satellite Broadband Service for Iraq
A new low-cost satellite broadband service will be launched across Iraq and Afghanistan as Belgium's SatADSL, a provider of professional VSAT services via satellite, and UK-based Talia agreed to expand their long-term partnership. The two companies’ current agreement lets SatADSL link directly to Talia’s teleport to provide services across the whole of Africa, with Talia’s […]
Monitoring of Conflict-caused Wildfires in Iraq
Since late June, media has reported on wildfires in northern parts of Iraqi Kurdistan among the border with Turkey, along the border with Iran in the northeast and in the southeast of Iraq at the Hawizeh marshes, bordering Iran. A hazardous cocktail of climate change-induced increased summer heat, water shortages, military shelling of various armed […]
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 […]