By John Lee. Iraqi security forces claimed on Thursday to have taken control of most of Baiji oil refinery from the Islamic State group (IS, ISIS, ISIL). But the complex is reported to have been almost completely destroyed in the long battle for control of the site and nearly town. According to Reuters, conservative estimates […]
By John Lee. Iraq's Commission of Integrity has reportedly issued an arrest warrant for a number of Iraqi government officials, including the former minister of electricity Karim Aftan al-Jumaili, on corruption charges. Accoring to BasNews, former Member of Iraqi Parliament Odai Awad had previously accused al-Jumaili of 27 cases of corruption. Jumaili was appointed as Minister […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The political crisis in Iraq’s Kurdistan region has deepened after the Kurdistan Democratic Party sacked five ministers from the rival Goran movement. The move is likely to worsen two months of presidential dispute […]
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 Thursday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Remotely piloted and […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Empirical Aspects of the Extractive Industry Governance in Iraq Extractive Industry Governance is one of the most critical components of the broad, good, democratic and inclusive governance, especially for the developing […]
Petrofac has been awarded a multi-million dollar technical training contract with Shell Iraq, achieving their fourth win with a major operator in the country. Effective October 2015, Petrofac Training Services (PTS) has joined Shell in the management and operation of Shell’s Majnoon training centre in the Majnoon oil field development in Southern Iraq for two […]
Iraq’s youngest airline, FlyBaghdad, is in talks to start flying to Dubai and plans to launch European routes in early 2016, according to a report from Gulf News. The airline’s Regional Commercial Manager, Mohammad Abdali, told the news agency that the Iraqi-owned airline started domestic flights to Erbil, Sulaymaniyah, Najaf and Basra from its hub […]
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. Airstrikes in Syria Fighter and remotely […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Farmers in Iraq say their industry is on the verge of collapse. They blame years of conflict, government neglect and the rise of ISIL for nearly destroying the agricultural sector. Al Jazeera's Imtiaz […]
By John Lee. Reuters quotes Iraqi Deputy Finance Minister Fathil Nabi as saying that Iraq has abandoned its plan to issue international bonds because the yield it would have to pay was too high. The required return on the bonds reportedly forced Finance minister Hoshiyar Zebari (pictured) to halt the plan to raise up to […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th Oct 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,136 / $1,189 (+4.6%) (weekly change) (-18.4% and -19.8% YTD change, respectively). The number of week traded shares […]
RSK Group Plc and the University of Basrah have agreed to enter into a partnership to help train the next generation of Iraqi engineers and to give them practical experience which would help them to obtain jobs in the Iraqi oil industry. The partnership will give University of Basrah students access to oil field work […]
