By Saad Salloum for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. To what extent can US aid help Iraq’s minorities? Iraqi minorities have warmly welcomed the Oct. 16 announcement by the US State Department that it would be providing $178 million in additional aid […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st November 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD662 (+2.2%) / $709 (+2.2%) (weekly change) (-18.3% and -15.1% YTD change, respectively). The number of week traded […]
DNO ASA, the Norwegian oil and gas operator, today announced a rise in third quarter 2018 net profit to USD 63 million from operating revenue of USD 171 million on the back of solid production, regular export payments and higher oil prices. Operated production averaged 117,600 barrels of oil equivalent per day (boepd) during the […]
By John Lee. South Korea's STX Marine Service has reportedly won a contract to restore and operate diesel-fueled electric power plants in Iraq. According to Yonhap, the company said the US$500-million deal will see it four 900-megawatt electricity generation units over five years. It calls for 100 South Korean engineers to be dispatched by STX, […]
By Hamdi Malik for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Most of the political forces participating in the Iraqi parliament have stressed the need to leave the quota system behind. The deeply entrenched differences, however, surfaced during the parliament […]
UNHCR, the UN Refugee Agency, warmly welcomes the generous 2018 contributions from the Government of the United States of America, which reached a cumulative total of US$ 128.8 million for Syrian refugees and internally displaced Iraqis. With the support of donors like the United States, UNHCR can continue to provide assistance to the millions of […]
By John Lee. The Iraqi Air Force has received a new batch of T50 fighter jets under the contract with Korea Aerospace Industries (KAI). This aircraft is a multi-task combat aircraft and, according to a statement from the Iraqi Ministry of Defense, it matches the F16 in terms of efficiency. The fleet is planned to grow […]
By John Lee. The United Nations has advertised new positions in Iraq: Project Assistant - Administration, UNAMI - United Nations Assistance Mission for Iraq Engineer, UNAMI - United Nations Assistance Mission for Iraq Governance Accountability and Performance (IGPA) - Project Reporting Officer, Development Alternatives, Inc. (DAI) Security Assistant, Norwegian Refugee Council (NRC) Logistics Officer, Norwegian […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Driver, Danish Refugee Council (DRC) Project Officer (Displacement, Tracking & Monitoring (DTM), IOM - International Organization for Migration Communication with Communities Project Coordinator, IOM - International Organization for Migration Migrant Service Assistant, IOM - International Organization for Migration National Project Officer, IOM […]
By Ahmed Tabaqchali and Emily Burlinghaus. Originally published by bite.tech; re-published by Iraq Business News with permission of the author. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Most of the coverage and analysis of Iraq post-2003—by international, regional, and local journalists and analysts—has focused […]
By John Lee. Asiacell Iraq has benefitted from improvements in the security and economic situation in the country, according to its parent, the Qatari company Ooredoo. In its results for the first nine months of 2018, the company said: "With more areas liberated and network restoration underway, Asiacell reported a 3% increase in Revenue to […]
The Iraq Energy Institute has just published a new report by Robert Tollast, Yesar Al-Maleki and Harry Istepanian on reform of public financial management in Iraq: Iraq’s first draft budget for 2019 shows an overall increase in spending of 23% compared to 2018. Oil revenues still dominate sources of revenue, projected at 89% of government finances. […]
