By John Lee. The United Arab Emirates (UAE) has announced a $3-billion investment in Iraq, with the aims of strengthening economic and investment relations, creating new opportunities for cooperation and partnership and advancing developmental growth to support the Iraqi people. The initiative was announced following Iraqi Prime Minister Mustafa Al-Kadhimi's official visit to the UAE […]
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Gold has become one of Iraq's top exports despite there being no gold deposits. So what is the secret? Al Jazeera's Osama Bin Javaid reports from Baghdad:
New FAO and WFP study reveals opportunities to strengthen food value chains in Iraq The Food and Agriculture Organization of the United Nations in Iraq (FAO) and the United Nations World Food Programme (WFP) released today 'Agricultural value chain study in Iraq: Dates, Grapes, Tomatoes and Wheat.' This important review covering 2019-20 was conducted with […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for March of 91,311,929 barrels, giving an average for the month of 2.946 million barrels per day (bpd), down slightly from the 2.960 million bpd exported in February. These exports from the oilfields in central and southern Iraq amounted to approximately 88,240,184 barrels, […]
By Mustafa Saadoon, for Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will Kadhimi deliver Gulf investment to Iraq? Prime Minister Mustafa Al-Kadhimi has paid his first official visit to Saudi Arabia as he continues his efforts to further cooperation with Iraq's […]
By John Lee. Protesters have reportedly blocked the entrances to the Dhi Qar Oil Company (DQOC), Dhi Qar Refinery, and the Oil Products Distribution Company. According to Anadolu Agency, they were protesting the passing of the 2021 budget by the Iraqi parliament, which did not meet their expectations regarding guaranteed employment. More here. (Source: Anadolu […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st April 2021). Note: ISC announced on Mar. 25 that trading hours in ISX will be increased on Mondays and Wednesdays, from 9:30 a.m. to 3:00 p.m. starting from Apr. 5, 2021 to attract more investors and encourage increasing the trading activity. Please […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi prime minister makes first visit to Saudi Arabia Iraqi Prime Minister Mustafa al-Kadhimi made his first visit to Saudi Arabia in an effort to enhance ties between the two countries. […]
The Iraqi Ministry of Interior (MoI) and the United Nations Development Programme (UNDP) Iraq delivered a strategic planning training course to senior officers and specialists to strengthen MoI institutional capacities to implement its multiyear strategic plan (2019 -2023). The Strategic Plan is aimed at strengthening internal security, maintain public order, develop law enforcement and anti-corruption […]
By John Lee. Iraqi Prime Minister Mustafa Al-Kadhimi visited Riyadh on Wednesday on his first official visit to Saudi Arabia. A session of talks was held between the Prime Minister and His Royal Highness Prince Muhammad bin Salman bin Abdulaziz Al Saud, which dealt with cooperation between the two countries. The two sides agreed on […]
By John Lee. Iraq's Parliament (House of Representatives) has approved the Federal Budget Law for 2021 on Wednesday night. The budget is reportedly based on an oil price of $45 per barrel, and oil exports of 3.25 million barrels per day, giving a budget of 129 trillion Iraqi dinars ($89 billion) and a budget deficit […]
Gulf Keystone Petroleum (GKP) has announced its audited results for the full year ended 31 December 2020. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "Against the backdrop of extraordinary global challenges in 2020, GKP acted decisively to successfully manage the impact of COVID-19 on our staff, contractors and production operations. We achieved all of our cost […]
