Video: Religious Tourism Squeezed by Iran Sanctions
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqis in the holy city of Najaf are being hit hard by US sanctions on neighbouring Iran, which have forced cash-strapped pilgrims to stay at home. View on YouTube
Iraq and Jordan sign Security Agreement
By John Lee. Iraq and Jordan have signed a a military-security cooperation agreement. The agreement aims to exchange expertise and information in the field of border protection, developing intelligence capabilities, joint military exercises, research and technology development, combating terrorism in various forms, training and development. (Source: Iraqi Ministry of Defense)
As Iraq Sanctions Iran Trade, Saudi Arabia Boosts Border Crossing
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Kamal al-Ayash. As Iraq Sanctions Iran Trade, Saudi Arabia Boosts Border Crossing Opening the Arar border crossing on Iraq’s border with Saudi Arabia could help locals economically. But analysts […]
DNO Presses Foot on Accelerator in Kurdistan
DNO ASA, the Norwegian oil and gas operator, today announced plans for its first dividend distribution to shareholders in 13 years following release of strong half-year 2018 results, including revenues of USD 289 million which were up 83 percent from the same period last year. The Company also reported a net profit of USD 61 […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th Aug 2018). Note: ISX will be closed starting from Aug. 21, 2018 to Aug. 26, 2018 due to the religious holiday of Eid Al-Adha. The next session will be held on Monday, Aug. 27, 2018. Please click here to download a table […]
Iraqi Compliance with Iran Sanctions will "Damage Iraq's Economy"
By John Lee. A former under-secretary at Iraq’s Ministry of Finance has said that ministry has said that US sanctions on Iran will impact trade activity between Iraq and Iran and, should they persist, they will damage Iraq’s economy. Fadhil Nabi told Rudaw: “America’s sanctions on Iran will have impact on trade exchange and activity […]
Iraq to Reduce Visa Charges for Iranian Pilgrims
By John Lee. Iraq will reportedly reduce its visa charges for Iranian pilgrims later this year. According to the report from Associated Press, the reduction will only apply to pilgrims of the "Arbaeen," the anniversary of the passage of 40 days after the death of Shiite Imam Hussein, the Prophet Muhammad's grandson. Visas normally cost […]
Germany supports Training to Respond to Explosive Hazards
The Federal Republic of Germany supports joint Ministry of Interior and UNMAS training to respond to explosive hazards This week marked the beginning of a 75-day training course in Anbar jointly organized by the Ministry of Interior and the United Nations Mine Action Service (UNMAS). This course will be the first of its kind, with […]
Deloitte report on Kurdistan Oil and Gas - New Data
Third Deloitte report on Oil and Gas Review in the Iraqi Kurdistan Region, with newly added disclosures on local sales – Q1 of 2018 New verified data on the Kurdistan Region’s oil exports, consumption and revenues have been published, covering the period from 1 January 2018 to 31 March 2018, after a review of the […]
Defeat-IS Forces Make Progress, Require Continued Support
Defeat-ISIS Forces Make Progress, Require Continued Coalition Support Forces battling the Islamic State of Iraq and Syria continue to make progress. However, the environment in Iraq and Syria is complex and the defeat-ISIS forces require continued support, coalition officials said today. Army Col. Sean Ryan, the spokesman for Operation Inherent Resolve, spoke to Pentagon reporters […]
Video: PM Abadi Visits Turkey
By John Lee. During his official visit to Turkey, Prime Minister Haider Al Abadi has underscored the importance of cooperation between Iraq and all neighbouring countries for the peace and security of the people of the region. His statement can be viewed here: (Source: Govt of Iraq)
Petrofac awarded Basra Oil Company EPC Contract
Petrofac has been awarded a contract worth around US$370 million by Basra Oil Company (BOC) for expansion of the Central Processing Facility (CPF), located in the Majnoon Field, Southern Iraq. Under the terms of the 34-month contract, the lump-sum engineering, procurement and construction (EPC) project scope of work includes two oil processing trains, able to […]