By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Conflict over Shiite and Sunni Endowments erupts in Mosul The northern Iraqi city of Mosul is on guard about the possibility of an outbreak of sectarian strife between Sunnis […]
By John Lee. The Kurdish Regional Government (KRG) has reportedly suspended oil exports to Iran. According to Anadolu Agency, the KRG’s Ministry of Finance and Economy did not specify a reason for the move, and "it remains unclear whether the suspension is linked to U.S. sanctions on Iran." (Source: Anadolu Agency) (Source: Tasnim, under Creative […]
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
IBBC completes Trade Mission to Baghdad with largest ever delegation of UK, International & Iraqi Businesses 9-12 Feb 2019 The Iraq Britain Business Council (IBBC) visited numerous Iraqi government ministers and officials during a highly successful trade mission to Baghdad on 9-12 February 2019. The delegation was the largest ever led to the Republic of […]
By John Lee. In its consolidated financial results for the full-year 2018, telecommunications group Zain reports that the improving socio-economic situation sweeping Iraq is providing the much-needed stimulus to support Zain Iraq’s turnaround efforts. The company said in a statement: "The operation performed exceptionally well when compared to the previous year. Revenues and net profit […]
By John Lee. Asiacell Iraq has reported that it has benefitted from improvements in the security and economic situation in the country paving the way for network expansion and reconnections. The telecommunications company said its revenue was "stable" at QAR 4.4 billion, compared to QAR 4.5 billion in 2017. EBITDA was up 6% to QAR […]
By John Lee. The United Nations has advertised new positions in Iraq: Medical Director, International Medical Corps National Administration Officer, WFP - World Food Programme Electoral Officer - Training and Procedures Adviser, UNAMI - United Nations Assistance Mission for Iraq Political Affairs Officer, UNAMI - United Nations Assistance Mission for Iraq Administration Associate -Travel, UNAMI […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Project Manager, Save the Children National Professional Officer (Monitoring and Evaluation), WHO - World Health Organization Technical Officer, WHO - World Health Organization Human Resources and Travel Associate, UNOPS - United Nations Office for Project Services Information Management Officer, UNOPS - United […]
By John Lee. Shell has reportedly announced that the Basrah Gas Company (BGC) has taken a "final investment decision (FID)" on its growth programme, which will increase BGC’s capacity by 40 percent. According to Oil and Gas Middle East, the decision was taken with the support of all BGC's shareholders: South Gas Company (SOC), Shell […]
Genel Energy has announced that McDaniel and Associates ('McDaniel') has completed the competent person's report ('CPR') relating to the oil reserves at Taq Taq as at 31 December 2018. Field performance in 2018, and notably the success of the TT-29w well drilled on the northern flank of the field, has led to an upwards technical revision […]
By the Institute for War & Peace Reporting (IWPR). IWPR-trained activists have launched a successful series of initiatives to promote reconciliation between Iraq’s different faith communities. In one striking success, an Assyrian Christian church that had been closed for 15 years was renovated and reopened thanks to the efforts of a group of IWPR mentees. […]
By John Lee. The Financial Times has reported that the recently-agreed electricity deals with Siemens and General Electric (GE) are not certain to be approved. It quotes Minister for Electricity Luay Al-Khatteeb (pictured) as saying: “I don’t have financial allocations or the processes available at hand, it doesn’t allow me to cherry-pick the right consultancies […]
