By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On May 15, the Shiite Endowment issued a statement that in one week, around 12 million Shiite visitors flew to Baghdad’s Kadhimiya district to commemorate the death of Imam Musa al-Kadhim, who died in […]
Renault Trucks has signed up Iraq’s Sunflower General Trading Company as the sole distributor for the French truck manufacturer in Iraq, excluding Kurdistan. Sunflower General Trading Company is one of the main business partners of the State Company for Automotive Industry (SCAI), and truck distributors in Iraq. The partnership will allow Sunflower to expand its […]
Air Energi has been awarded its first major contract with BP Iraq. The five year agreement will see Air Energi deliver talent acquisition services to support BP Iraq’s operations in the Middle East. The agreement includes the supply of expatriate talent to support Iraq’s giant Rumaila and Kirkuk oil fields. With estimated recoverable reserves of […]
A fifth cooperative agreement has been signed between the University of Arkansas at Fayetteville and an Iraqi university. The agreement with the University of Koya, in Iraq's Kurdistan region, calls for an exchange of research materials and encourages visits from one institution to the other. In May, UA spokesman Amanda Cantu said no UA students […]
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. Officials reported details of the latest strikes, which took place between 8 a.m. Monday and 8 a.m. Tuesday, local time, noting that assessments of results […]
By Madeleine White, capacity building specialist and co-founder of Nina Magazine For Arabic please go to arabic.nina-iraq.com It was the third and final day of last week's Iraq Petroleum conference, hosted by CWC in London. It was breakfast time and I was just about to take a second bite of my croissant, when the guy next […]
By John Lee. Iraq’s Communication and Media Commission (CMC) has scrapped a $100-million fine imposed on mobile phone operator Zain Iraq. The telecom watchdog had claimed that Zain Iraq sold mobile phone SIM cards without its permission. Reuters reports that a CMC committee considering the case decided not to impose the fine. (Source: Reuters) (Dollars […]
By Ahmed Mousa Jiyad. Anatomy of Perceived Failed States in MENA Region: The Case of Iraq The latest and severest manifestation of resource curse attacks in MENA region is the potential threat of dismantling the “nation state” model through a transitional phase of creating the conditions of a “failed state”. This could be the case […]
By John Lee. The US Supreme Court has rejected an attempt by Iraq to revive a lawsuit against companies for allegedly conspiring with Saddam Hussein's government to subvert the United Nations oil-for-food program. According to the Reuters report, more than 80 companies and other entities were named as defendants in the 2008 lawsuit over the […]
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. Officials reported details of the latest strikes, which took place between 8 a.m. Sunday and 8 a.m. Monday, local time, noting that assessments of results […]
By John Lee. Prime Minister Haider al-Abadi said in televised remarks on Saturday that Iraq's oil revenues are even lower than projected in the country's already austere 2015 budget. According to a report from AFP, al-Abadi declined to providing exact figures on the shortfall. Iraq's parliament approved a budget of 119.5 trillion Iraqi dinars in January […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 11th June 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,366 (+0.6%) / $1,319 (-0.5%) (weekly change) (-1.9% and -11.0% YTD change, respectively). The number of week traded […]
