Genel Energy has announced that Jim Leng has indicated his intention to retire from the Board of Genel at the AGM in April 2016. Jim Leng has served over five years at Genel as Non-Executive Director, Senior Independent Director and as Chairman of the Remuneration Committee. Following his appointment in December 2015 as Non-Executive Chairman […]
eServGlobal has announced the commercial launch of mobile money services with Zain Iraq. According to a statement from the company, the service was soft-launched in January and has already attracted strong interest. The service is called 'Zain Cash' and is offered by Iraq Wallet, which is an authorised company from the Central Bank of Iraq (CBI). […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and […]
The top United Nations humanitarian official in Iraq has said she is deeply worried about thousands of civilians who are trapped in Fallujah city and in Sinjar district and are unable to access aid, calling on Government officials to redouble efforts to relocate civilians to safer areas before the situation deteriorates further. Although the UN […]
By John Lee. Radioactive material that went missing in Iraq in November has been found, apparently undamaged, on Sunday near a patrol station in Zubair. The chief of the security panel at the Basra Provincial Council told Reuters: "A passer-by found the radioactive device dumped in Zubair and immediately informed security forces which went with […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Engineers say the Mosul dam in northern Iraq is the world's most dangerous - despite millions of dollars that have been spent to strengthen it. They need more cash - after discovering that […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th Feb 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD959 (-0.9%) / $992 (-0.9%) (weekly change) (-12.0% and -13.4% YTD change, respectively). The number of week traded […]
By John Lee. The United Nations Office for Project Services (UNOPS) has awarded a contract for the supply of 100 prefabricated shelter units for IDP’s at the Eyon Missan IDP camp. The contract (Reference: 15-IQOH-ITB-089), valued at $589,690, has been given to Wadi Albarari for General Contracting & Engineering Consultancy & General Trading and Oil […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported Sunday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Attack, fighter, and remotely […]
From Amnesty International. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The 40 death sentences handed down today in Iraq after a fundamentally flawed mass trial show a reckless disregard for justice and human life, said Amnesty International and brings the total sentenced in […]
By John Lee. Mohammad Reza Nematzadeh, Iranian minister of Industry, Trade and Mines, has opened a new assembly line at Iran Khodro (IKCO)'s assembly plant in Iskandariya, Iraq. The factory has the capacity to manufacture 30 Arisan pickup trucks per day; the Arisan, also called the “PU1”, replaces the Paykan pickup in Iran’s market. Parts […]
By John Lee. A new 30-percent customs tariff in Iraq is reported to be slowing business at the port of Umm Qasr (pictured), which handles 80 percent of the country's imports, choking the port with thousands of uncollected cargo containers. But according to the report from Reuters, the new rate does not apply in Iraqi […]
