The KRG's Ministry of Natural Resources has published an updated Oil Production, Export and Consumption Report for 2015. The report provides a comprehensive overview of activity in the Kurdistan Region’s oil and gas sector in 2015, including the revenues derived from oil exports. The first edition of the report was prepared in November 2015, which […]
By John Lee. Prime Minister Haider al-Abadi (pictured) has reportedly offered to pay the salaries of the KRG’s employees if it ceases its independent oil exports. Facing a financial crisis due to low oil prices, the KRG announced recently that its employees will be paid only partial salaries until further notice, and that unpaid wages […]
By John Lee. Iraq is talking wtih Egyptian investors with a view to building two new industrial cities. Shafaaq News reports that Iraqi industry and minerals minister Mohammed Al Daraji (pictured) discussed the plan at talks in Egypt earlier this week. The agency also quoted Abdul Aziz Saifuddin, chairman of the Cairo-based Arab Industrialisation Organisation, […]
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 Tuesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter, and […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Republican presidential hopeful Donald Trump criticized American military policy in Iraq during a campaign rally on Tuesday, saying the US "shouldn't have been there" and referring to Iraq as the "Harvard of terrorism."
By John Lee. Iraq approved plans to transform the air base in Kirkuk into a modern civic airport. To do so it is seeking an investor to carry out the project an Iraqi MP told Rudaw, citing that several domestic and foreign companies have requested tender to start working on it. Iraqi MP Arshad Salehi […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Armed groups in Iraq are involved in renewed fighting outside of Tikrit, a town that was controlled by ISIL. The fighting is concentrated on neighbouring oilfields and Iraqi forces say they are coming […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. IEITI New Annual Report 2013: Again, Modest Progress but More Improvement Still Needed The Iraq Extractive Industry Transparency Initiative (IEITI) succeeded in launching its fifth annual Report 2013 on 10th December 2015, […]
By Dr. Kamal Field Al Basri and Mr. Mudher Sebahi, of the Iraqi Institute for Economic Reform (IIER). This article questions whether the government’s attempt to reform the economy is going to be successful. To achieve that end, it discusses why some countries that used identical polices are successful in reforming their economy while others […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 11th Feb 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD968 (-1.0%) / $1001 (-1.3%) (weekly change) (-11.2% and -12.6% YTD change, respectively). The number of week traded […]
Prime Minister Dr. Haider Al-Abadi met business leaders and representatives of German companies in Berlin on Friday morning and welcomed the participation of German companies and investors in the building and reconstruction of Iraq and the development of its economy and the revitalisation of industry, agriculture, housing and other investment opportunities available in most of […]
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 Sunday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter aircraft conducted […]
