By John Lee. Jordan has reportedly approved an agreement with Iraq to build a twin gas and oil pipeline between the two countries. The 1,680-km double pipeline will pump one million barrels of oil a day, and 258 million cubic feet of gas, from Basra to Aqaba. About 150,000 barrels of the oil from Iraq […]
Denmark has contributed an additional US$ 21.4 million (DKK 135 million) to UNDP’s Funding Facility for Stabilization (FFS), which finances fast-track initiatives to stabilize areas liberated from the Islamic State of Iraq and the Levant (ISIL). This brings Denmark’s total contribution since 2015 to US$ 38.1 million (DKK 246 million). UNDP Resident Representative for Iraq, […]
Enabled by accelerated successes following the liberation of Mosul, the coalition will shift its focus in Iraq from enabling combat operations to sustaining military gains against the Islamic State of Iraq and Syria, Combined Joint Task Force Operation Inherent Resolve officials announced today. “The coalition will tailor our forces in consultation with our Iraqi partners […]
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. Iraq is boosting its efforts to extradite fugitives wanted in corruption cases. On Jan. 25, Iraqi authorities in cooperation with Interpol took custody of former Trade Minister Abdel […]
There’s growing awareness in the Islamic Republic of Iran that wetlands are valuable and sustain livelihoods. Ramsar, “the gem of northern Iran”, is the town that gives its name to the Ramsar Convention. The Convention is an intergovernmental treaty that provides the framework for national action and international cooperation for the conservation and wise use […]
By John Lee. Iraq's National Investment Commission (NIC) has included four Special Economic Zones in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: Huteen zone/ Babylon Province for medium & heavy engineering manufacturing. Huteen is located […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st Feb 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD876 (+10.8%) / $912 (+11.0%) (weekly change) (+8.0% and +9.1% YTD change, respectively). The number of week traded […]
Iraq: 5 Million Residents in Baghdad to Benefit from Improved Water Supply and Wastewater Services A US$210 million World Bank project will improve the quality of drinking water supply and wastewater services to 5 million residents in Baghdad who suffer from water shortages and the outbreak of waterborne diseases due to inadequate infrastructure, rapid population […]
By John Lee. British-based engineering company Rotork is to supply the Karbala Refinery project in Iraq. According to a press release from the company, Rotork will provide large quantities of IQ3 non-intrusive intelligent electric valve actuators, designed specifically for automated flow control systems in hazardous environments. Due to open in 2020, the State Company of […]
By John Lee. Iraq’s Communications and Media Commission (CMC) has reportedly ordered several Kurdish communication companies to stop providing landline services. According to a report from Rudaw, the CMC ordered that all companies licensed by them should cut communications with companies that are not licensed, including Fast Link, Newroz, Link Tech, Wego/7net-layer, Nawant, Kurdtel, Tishknet […]
The Iraqi Children Foundation (ICF) has announced the roster of Honorary Co-Chairs for the May 5, 2018, IN THEIR SHOES 5K to benefit Iraq's most vulnerable children: His Excellency Fareed Yasseen, Ambassador of Iraq to the United States Ambassador Ryan Crocker (Ret.), Former US Ambassador to Iraq and recipient of the Presidential Medal of Freedom Lt. General Jeffrey […]
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 […]
