By John Lee. Iraq's Ministry of Oil has signed an agreement of principles with the French company Total for four major energy projects in the country: Plants to collect and refine associated natural gas at the fields of Artawi [Ratawi], West Qurna 2, Majnoon, Tuba [Subba] and Lahais [Luhais]. This will include a Central Gas […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for February of 82,877,757 barrels, giving an average for the month of 2.960 million barrels per day (bpd), up from the 2.868 million bpd exported in January. These exports from the oilfields in central and southern Iraq amounted to approximately 79,105,329 barrels, while […]
ILO and the Cash Consortium for Iraq sign MoU to advance the humanitarian-development nexus and improve economic opportunities for vulnerable populations The ILO and the Cash Consortium for Iraq (CCI) have signed a Memorandum of Understanding (MoU) as part of the agencies' strategic partnership to strengthen collaboration in advancing economic growth and self-reliance for vulnerable […]
By Noam Raydan and Harry Istepanian, for Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Despite scorching heat, solar power remains mirage in Iraq Iraq has suffered from a lack of electricity generation capacity following the US-led invasion of 2003 as well […]
By Ahmed Maher, for The National. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq corruption: how ministry officials make millions in 'cash for jobs' schemes A part-time job with a temporary contract in Iraq's Industry and Minerals Ministry cost mechanics graduate Yasmine $1,000. […]
From The Economist. Iraqis are getting fed up with Iran Iranian-backed militias still hold sway in much of Iraq. Many were involved in the violent suppression of anti-government protests that erupted in 2019. Lately, though, they have lowered their profile. Read the full article here (subscription needed).
By Dr. Oula Kadhum, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Static Budget Process Iraqi diaspora mobilization and the future development of Iraq, authored by Dr. Oula Kadhum, explores Iraqi diaspora mobilization before and after the 2003 […]
By Bader Al-Saif, for Carnegie Middle East Center. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Think Big: Why Broadening Negotiations Could Help Resolve the Kuwaiti-Iraqi Maritime Dispute Kuwait and Iraq have worked hard to rebuild bilateral ties. Resolving their maritime dispute as […]
By John Lee. Iraq's UR Airlines has reportedly added a B737-300 to its fleet. According to ch-aviation, the 21-year-old Boeing joins the company's only other aircraft, a B737-400. More here. (Source: ch-aviation)
Iraq receives the first delivery of COVID-19 vaccines through the COVAX Facility Amid a global shortage of COVID-19 vaccines, Iraq has finally received 336 000 doses of AstraZeneca COVID-19 vaccine through the COVAX Facility, a partnership co-led by Coalition for Epidemic Preparedness Innovations (CEPI), Gavi - The Vaccine Alliance and the World Health Organization (WHO), […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th March 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD914 (-4.0%) / $812 (-3.3%) (weekly change) (+26.0% and +22.5% YTD change, respectively). The number of week traded […]
By John Lee. Fitch Ratings has revised its outlook on Iraq's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at 'B-'. More here. (Source: Fitch)
