By John Lee. Iraqi oil production averaged 4.130 million bpd in December, all of it from the southern oilfields (as the northern fields are under the control of the KRG). Reuters reports that of the more than 128 million barrels produced during the month, 99.7 million barrels were exported. The selling price averaged $29.288 cents […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st Jan 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD944 (-2.0%) / $973 (-2.0%) (weekly change) (-13.4% and -15.1% YTD change, respectively). The number of week traded […]
The United States potentially will make recommendations to position U.S. troops with Iraqi security forces in northern Iraq to support the next phase of isolating the key city of Mosul, the chairman of the Joint Chiefs of Staff said. Marine Corps Gen. Joseph F. Dunford Jr., who met here with his French counterpart for talks […]
Reuters reports that Iraq summoned the new Saudi ambassador, Thamer al-Sabhan, on Sunday after he suggested Iranian-backed Shi'ite militias were exacerbating sectarian tensions and should leave the fight against Islamic State to the Iraqi army and official security forces. Iraq's foreign ministry called the remarks "a break of diplomatic protocol and based on inaccurate information". Saudi […]
Prime Minister Dr. Haider Al-Abadi received in his office on Sunday the Speaker of the Iranian Parliament Ali Larijani and his accompanying delegation. During the meeting they discussed strengthening of relations between the two countries in various fields and the war on Daesh terrorist gangs and the situation in the region and the challenges faced […]
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, attack, ground-attack […]
By Mustafa Saadoun for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. It’s official: Sunnis joining Iraq's Popular Mobilization Units Sunnis are saying "sign me up" now that Iraqi Prime Minister Haider al-Abadi has approved the appointment of 40,000 Sunni fighters to the Popular […]
By John Lee. Iraq's Etihad Food Industries will reportedly start production at its new $100-million edible oils refinery in Babylon by the end of the year. Commercial Director Haidar Alnoumany told Reuters that the company started building the infrastructure two months ago, and when in production it will source crude (edible) oil from many origins […]
Prime Minister Dr. Haider Al-Abadi met the President of the World Bank, Mr. Jim Yong Kim, and his accompanying delegation on Thursday on the sidelines of the World Economic Forum in Davos. During the meeting, they discussed the World Bank's support for Iraq with expertise and simplification of procedures and help to reform the banking […]
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. Between Black Gold, Bleak Prospects: Visiting The Iraqi Shanty Town Between Two Oil Fields NIQASH visits Wasit's Oil Town. But this is no wealthy area for oil billionaires. This shanty […]
By Saad Salloum for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Unlike other religious minorities in Iraq, Sabian Mandaeans meet their election quota by selecting members within their community for parliament and provincial councils. The community’s three bodies — the Spiritual Council, General Assembly and […]
By John Lee. The US State Department has approved a possible Foreign Military Sale of F-16 weapons, munitions, equipment, and logistics support to Iraq. The estimated cost is $1.950 billion. The Government of Iraq requested a possible sale of additional weapons, munitions, equipment, and logistics support for its F-16 aircraft. Major Defense Equipment (MDE) includes: […]
