New Electoral Law to Sideline Small Opposition Parties
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. It has been said before. But this time it may well be true: Iraq’s next elections will be the most crucial in the country since 2003. The last elections were […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th Aug 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD790 (+1.5%) / $807 (+1.1%) (weekly change) (-17.7% and -14.8% YTD change, respectively). The number of week traded […]
Call to Reopen Iraq-Saudi Pipeline
Reuters reports that a former Iraqi oil minister said it was necessary for Iraq to regain the Iraqi Pipeline in Saudi Arabia (IPSA), which has not carried Iraqi crude since Saddam Hussein invaded Kuwait in 1990, and which was confiscated by Saudi Arabia in 2001 as compensation for debts owed by Baghdad. Bahr Al Olum, […]
Why an Iraqi Town, in Middle of the Desert, has no Cafes
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. In the small desert area of Busaya, Iraqis of different sects have lived together peacefully for decades. Locals pride themselves on their hospitality and unity. Up until recently not many […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Regional Director, Goal Short-term Social Safeguards Specialist Consultant, United Nations Assistance Mission for Iraq (UNAMI) Supply Assistant, United Nations Assistance Mission for Iraq (UNAMI) Protection Associate, United Nations Assistance Mission for Iraq (UNAMI) Emergency Child Protection Manager, International Rescue Committee (IRC) Finance Manager, […]
New Career Opportunities in Iraqi Kurdistan
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Logistics Assistant, United Nations Assistance Mission for Iraq (UNAMI) Senior Resettlement Assistant, United Nations Assistance Mission for Iraq (UNAMI) Protection Officer, United Nations Assistance Mission for Iraq (UNAMI) Programme Assistant (Child Protection), United Nations Children's Fund (UNICEF) Medical Coordinator, Médecins du Monde […]
UKEF helps GE and Enka secure Power Contract
UK Export Finance (UKEF) has announced that it is supporting the Enka UK and General Electric (GE) consortium with US$117 million in financing to deliver two critical power projects in Iraq. Rt Hon. Greg Hands MP (pictured), UK Minister for International Trade, welcomed the news, saying: "The Department for International Trade through UK Export Finance […]
Omantel Buys 10% of Zain Group
Oman Telecommunications (Omantel) has announced that it will purchase 425.7 million of Zain's treasury shares in a cash transaction at an offer price of KWD 0.60 per share – subject to regulatory approval. Once complete, Omantel will own a minority stake in Zain Group of approximately 9.84% in outstanding common shares. The total consideration of […]
IS Plundered $800m in Cash From Iraq
By John Lee. The Islamic State group (IS, ISIS, ISIL, Daesh) has reportedly plundered more than $800 million from Iraqi bank facilities and reserves. According to a new report from the Central Bank of Iraq (CBI), the group has taken $101 million and 856.5 billion Iraqi dinars ($727.6 million) from banks in the territory it […]
Inherent Resolve Strikes Target ISIS in Syria, Iraq
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 18 strikes consisting of 29 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition […]
DNO receives Payment for Tawke May Deliveries
DNO ASA, the Norwegian oil and gas operator, has reported receipt of USD 39.59 million from the Kurdistan Regional Government as payment towards May 2017 crude oil deliveries to the export market from the Tawke license. The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 33.21 million towards monthly […]
Security Message for U.S. Citizens
U.S. Embassy Baghdad is aware of reports of threats to target U.S. government officials and other civilians for kidnapping. In response, the U.S. Embassy has temporarily restricted movement of its employees outside of the international zone in Baghdad, as well as outside of U.S. Consulate Basrah. As a reminder, U.S. citizens should maintain a heightened […]