Capstone Wins 1MW Order for Microturbine in Iraq
US-based Capstone Turbine Corporation has announced today it secured an order for a remanufactured C1000R microturbine to an oil and gas production site in Northern Iraq. The associated gas-fueled C1000R microturbine will act as the primary energy source for the remote site and will require minimal maintenance. Jim Crouse, Executive Vice President of Sales and […]
Workshop on Tackling Corruption
Comprehend the Corruption Perception Index CPI to introduce meaningful Anti-Corruption Reforms The United Nations Development Program UNDP, in partnership with the Iraqi Commission of Integrity, organized a workshop designed to discuss and provide an understanding on the data and methodologies used to rank countries on the Corruption Perception Index (CPI). The Workshop organized jointly with […]
EU provides Healthcare for Vulnerable Communities
The European Commission for Humanitarian Aid (ECHO) has provided an additional € 4.5 million to the World Health Organization (WHO) to maintain health security and resilience for Internally Displaced Persons (IDPs), returnees and host communities in conflict-affected governorates of Iraq. This comes on top of the €29.2 million already contributed by the commission since 2015. […]
Market Review: “Frenzies and Market Bottoms”
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The market, as measured by the RSISUSD index, marked an important bottom in July as part of a likely bottoming process. The multi-month bank selling shifted […]
Cabinet Approves Funding for Infrastructure Projects
The Cabinet held its weekly regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Haider Al-Abadi, and discussed progress in the implementation of measures to improve the delivery of essential services across Iraq. It approved an allocation of 4 billion Iraqi dinars for the comprehensive and immediate maintenance of the soil barrier […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd Aug 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD751 (-5.1%) / $806 (-5.1%) (weekly change) (-7.4% and -3.6% YTD change, respectively). The number of week traded […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Epidemiologist, WHO - World Health Organization Senior Programme Officer, UNOPS - United Nations Office for Project Services Child Protection Specialist, UNICEF - United Nations Children's Fund Programme Analyst, Gender/GBV, UNAMI - United Nations Assistance Mission for Iraq Deputy Representative, UNFPA - United Nations […]
New Career Opportunities in Iraqi Kurdistan
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Emergency Response and Recovery (ERR) Program Manager, Catholic Relief Services (CRS) Education Project Coordinator, Norwegian Refugee Council (NRC) Deputy Health Coordinator, Première Urgence Internationale (PUI) Financial Coordinator, Première Urgence Internationale (PUI) Finance Officer, UNAMI - United Nations Assistance Mission for Iraq Logistics […]
Understanding Iraq’s Debt
By John Lee. The Al-Bayan Center for Planning and Studies has just published a new report from our Expert Blogger Ahmed Tabaqchali. Entitled "Understanding Iraq’s debt: An overview of its status, outlook and origins", the report argues that much of that debate about Iraq's debt is out of context, mixes loosely related facts and figures […]
Oil Exports Rise in July
By John Lee. Iraq’s Ministry of Oil has announced interim oil exports for July of 109,847,268 barrels, giving an average for the month of 3.543 million barrels per day (bpd), an increase from the 3.521 bpd exported in June. These exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan. Revenues […]
Deloitte Report on Oil and Gas in Kurdistan
Pursuant to the Kurdistan Regional Government Council of Ministers resolution No.73 (3 February 2016) establishing an independent review of the oil and gas industry, today new verified data on oil exports, consumption and revenues have been published covering the period from 1 July 2017 to 31 December 2017. This is a continuation from the first […]
Protesters Prevented from Storming West Qurna Oilfield
By John Lee. Security forces in Basra province have reportedly prevented demonstrators from storming the West Qurna 1 oil field on Wednesday. A military source told Anadolu Agency that demonstrators blocked all roads leading to the facility, prompting local security forces to intervene. (Source: Anadolu Agency)