By John Lee. Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] met on Sunday with the CEO of Shell in Iraq, Hans Nijkamp. The meeting was attended also by Mr. Hamid Y. Salih, the deputy minister of gas, Mr. Abd Al-Mahdi Al-Ameedi the director general of the Petroleum Contracts & Licensing Directorate (PCLD), and other […]
By John Lee. A new report by the U.S. Army Corps of Eengineers (USACE) says that the probability of Mosul Dam collapsing is even greater than was previously believed. According to Associated Press, the problem is that the dam was shoddily built on unstable ground: The earth underneath it is constantly being eroded by water. […]
By Ali Mamouri, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s economic crisis is about to get worse. The government, which relies on oil for 90% of its revenue and 80% of foreign exchange earnings, faces plunging oil prices combined with rampant corruption and […]
By John Lee. Turkey has announced new entry regulations for Iraqi nationals. Starting immediately, Iraqis will only be able to travel to Turkey with visas issued in the embassies of the country; previously, they could get entry permits at the border. These measures are related to the fight against illegal migration. (Source: News.Az) (Visa image […]
UK-based financial software company Misys announced today that it has been selected by Trade Bank of Iraq (TBI) as a strategic partner to assist the bank in upgrading to a next generation digital platform in order to gain a competitive edge in Iraq’s growing banking industry. Hamdiyah Mahmood Faraj Al-Jaff, Chairman, Trade Bank of Iraq […]
By John Lee. Prime Minister Haider al-Abadi has called for the inclusion of technocrats and academics in the government in a "fundamental" reshuffle to his cabinet, according to a report from AFP. In a speech on Tuesday, al-Abadi called on parliament "and all the political blocs to cooperate with us in this serious phase". Iraqi […]
UNICEF and the Government of Iraq today signed the 2016-2019 Country Programme Action Plan, a four year framework by which both parties will work to ensure a bright future for Iraqi children. "In the context of continuing violence across the country, it is all the more critical that we work hand in hand with our […]
By Mustafa al-Kadhimi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq needs to up its game if it hopes to keep up — or rather, catch up — with ever-evolving terrorist groups such as the Islamic State (IS). The Iraqi government is unable to secure its […]
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 today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack aircraft conducted three […]
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 21.45 million from the Kurdistan Regional Government for exports from the Tawke field under a new payment arrangement announced on 1 February 2016. The payment, to be shared pro-rata by DNO and partner Genel Energy plc, includes USD 17.99 million toward the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th Feb 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD977 (+5.7%) / $1015 (+5.7%) (weekly change) (-10.3% and -11.4% YTD change, respectively). The number of week traded […]
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 Attack and fighter […]
