From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. It has been five years since the Islamic State of Iraq and the Levant (ISIL or ISIS) was defeated in the Kurdish region of northern Iraq. The area has been stable since then, […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Why this political movement is turning its back on the Iraqi PM Thousands of followers of Ammar al-Hakim (pictured), the leader of the opposition National Wisdom Movement, took to the […]
By John Lee. The study Technical and Environmental Efficiency of Wheat Farms in Saline Irrigated Areas of Central Iraq investigates the impact of soil salinity on technical efficiency (TE) and environmental efficiency (EE) in wheat production in central Iraq, where 360 farmers interviewed in winter season 2015-2016. In developing countries, even though irrigated agricultural land […]
By John Lee. The Trade Bank of Iraq (TBI) has announced a loan of 1 trillion Iraqi dinars ($843 million) to the state-run Grain Board of Iraq, which is affiliated to the Iraqi Ministry of Commerce. According to a press release, the loan is an effort to help Iraqi farmers for clear their dues and […]
By John Lee. Iran and Iraq have reportedly signed an agreement on developing commercial cooperation aiming to facilitate and remove trade barriers between two countries. Iran's commercial attaché to Iraq, Naser Behzad, told IRNA that the agreement was signed during the visit by the head of the Trade Promotion Organization of Iran (TPOI) and the […]
By John Lee. Asiacell Iraq has increased its customer base by six percent in the first six months of this year, according to its parent, the Qatari company Ooredoo. In its results for the first half of 2019, the company said: "Despite intensifying price competition, Asiacell maintained stable revenues of QAR 2.2 billion during the […]
By John Lee. Pakistan-based Lucky Cement has said that it plans to achieve commercial production at its greenfield clinker production facility in Samawah by the end of first quarter of financial year 2020-21. In its Annual Financial Report, the company said that the first shipment of plant and machinery to the 1.2-million-tons-per-annum project is expected […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Years of war and instability have damaged Iraq's gas and oil infrastructure, leaving it dependent on energy imports, despite having huge reserves. Now it wants to turn that around, with help from overseas […]
Dana Gas has announced that its share of the proved plus probable (2P) hydrocarbon reserves at Pearl Petroleum Company's Khor Mor (pictured) and Chemchemal fields in the Kurdistan Region of Iraq (KRI) have increased by 10 percent following the recent certification of reserves by Gaffney Cline Associates ('GCA'). 2P Reserves Upgrade The independently audited report, […]
On July 19, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Iraq. An improved security situation and the recovery in oil prices have improved near-term vulnerabilities. Large fiscal and current account surpluses—around 8 and 6 percent of GDP, respectively—were recorded in 2018, allowing the government to […]
This past week, IBBC’s , Christophe Michels, Managing Director of the Iraq Britain Business Council (IBBC), and IBBC’s Deputy Chairman, Eng. Rasmi Al Jabri, visited Iraq with Brigadier James Ellery CBE, Chairman of Turnkey LLC. The main focus of the visit was construction and redevelopment in Ramadi, Anbar Province, which has undergone a remarkable period […]
By John Lee. On Tuesday 23 July, Khaled T. Kanaan, Chairman of the Jordan Iraqi Economic Association (JIEA), met with Ali Senafi, Chairman of the Iraqi Contractors Federation, and who also holds the position of Chairman of the Arab Contractors Federation. Discussions revolved around methods for facilitating Jordanian and Iraqi contractors in executing projects in […]
