By Simon Kent. The Iraq Britain Business Council (IBBC) have announced that they will be offering expert advice on Iraq’s marketplace and how UK businesses can get involved on 21 October 2015 at the London Chamber of Commerce and Industry (LCCI). Companies are welcome to register for 20 minute appointments by contacting LCCI at [email protected] […]
KRG continues direct oil export despite sabotage attempt on pipeline In August, direct oil export from Kurdistan Region continued despite sabotage and attempted theft on the export pipeline inside Turkey borders, which occurred on 27 July and extended to the first week of August. According to the Kurdistan Regional Government, KRG, Ministry of Natural Resources […]
By John Lee. Iranian Economy Minister Ali Tayyebnia said that trade between Iran and Iraq is currently estimated at $12 billion when transit and tourism are taken into account, and that Tehran and Baghdad expect to increase the figure to $20 billion in the near future. The statement followed a meeting with Iraqi Finance Minister […]
As the security environment in Iraq remains complex and challenging, Security Sector Reform (SSR) is a prerequisite for both long-term stability and peace. The United Nations Development Programme (UNDP) has been engaged with the Office of the National Security Adviser (ONSA), through its Support to Security Sector Reform Phase I, to develop a National Security […]
By Simon Kent. The Royal Air Force has launched a total of 300 sorties against the self proclaimed "Islamic State," according to a report on the strikes released by the UK's Ministry of Defence. In military parlance, a "sortie" is a mission where bombs are dropped, as opposed to a mission which may not find […]
By Simon Kent. Aberdeen based oil and gas company MOL Group have reduced their planned investments at Akri Bijell in the Kurdish region of Iraq, Rigzone reports. The new plans will see one well operational at 2200 bpd, while Bijell 4 and Bijell 6 appraisal wells encountered more geological complexity than envisaged. MOL have struggled in the region […]
By Simon Kent. The New York Times has reported on a Turkish incursion in the mountains of Northern Iraq to destroy Kurdish Workers' Party (PKK) positions. The incursion comes in response to a recent IED attack inside Turkey which killed 14 police officers in a mini bus. The raids--20 military strikes according to the report--have […]
By Simon Kent. Various sources have reported Tuesday that acting deputy justice minister Abdel Karim Faris was kidnapped in northern Baghdad, by "black clad" assailants. One source Iraq Business News spoke with speculated that terrorists had taken advantage of PM Haidar al Abadi's recent decision to cut security staff for politicians, but in the absence of details we […]
By Simon Kent. The Kurdish Regional Government (KRG) has released a statement saying it has put aside $75 million to pay three IOCs, Genel Energy, DNO and Gulf Keystone. The announcement follows payment disruption to the IOCs from the ongoing Baghdad--Erbil revenues and exports dispute. Additionally, the KRG has pledged regular payments, welcome news to the […]
By Robert Tollast. The US Department of Defence has reported 11 air strikes in Iraq, usually indicative of 24-48 hrs of activity. Coalition aircraft normally conduct air strikes along three fronts in Iraq, the Euphrates front, which cuts across western Iraq to Syria and covers the western flank of Baghdad, and includes the ISIS occupied […]
By Simon Kent. The German Federal Intelligence Service, or BND (Bundesnachrichtendienst) has confirmed from laboratory tests that ISIS has used chemical weapons against Kurdish forces in Northern Iraq. The German paper Bild reported that the conclusion was made after taking blood samples from injured Kurdish fighters, reporting that the gas used was sulpher mustard, more commonly known […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd Sept 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,230 (+0.7%) / $1,287 (-0.1%) (weekly change) (-11.7% and -13.1% YTD change, respectively). The number of week traded […]
