Marking a key milestone in Fallujah’s recovery, the Government of Iraq and UNDP’s Funding Facility for Stabilization (FFS) re-opened Al Azrakiyah Water Treatment Plant, which provides safe water to more than 60% of the city. The rehabilitation of the plant was one of the key projects requested by the Anbar Command Cell, which is responsible […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Monday, conducting 40 strikes consisting of 60 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria In […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for May of 101,134,586 barrels, giving an average for the month of 3.262 million barrels per day (bpd), slightly more than the 3.252 bpd exported in April. Exports from the southern terminals totalled 100,445,000 barrels, with 679,580 barrels exported from Kirkuk. Revenues for the month were […]
IMF Team Reaches Staff-Level Agreement on Second Review of Stand-By Arrangement with Iraq The Iraqi authorities and an International Monetary Fund (IMF) team reached a staff-level agreement on the second review of the Stand-By Arrangement (SBA) that was approved by the IMF Executive Board on July 7, 2016 (See Press Release No. 16/321). The SBA […]
Tony Hayward (pictured), Chairman of Genel Energy, has given an update on the business at the Company's Annual General Meeting this morning: Genel has a clear strategic focus - maximising the generation of free cash flow from our oil assets, accelerating the recovery of the receivable for unpaid oil sales, and crystallising value from the […]
Some 100,000 children remain in extremely dangerous conditions in western sections of Iraq’s Mosul city as fighting between Government and terrorist forces continues, the United Nations children’s agency today reported, warning that “children’s lives are on the line.” “We are receiving alarming reports of civilians including several children being killed in west Mosul,” said Peter […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Sunday, conducting 23 strikes consisting of 70 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria In […]
By John Lee. Genel Energy has announced that Nathaniel Rothschild and Simon Lockett have resigned from the Board. Accordingly, they will no longer stand for re-election at the Annual General Meeting of Genel Energy on 6 June 2017. Rothschild, along with form BP boss Tony Hayward, created the company in 2011 when their investment company […]
Russia's Rosneft and the Kurdistan Regional Government (KRG), as part of the XXI St. Petersburg International Economic Forum, signed a series of agreements on widening their cooperation in exploration and production of hydrocarbons, commerce and logistics. The documents were signed ahead of the meeting between the President of the Russian Federation Vladimir Putin and the […]
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 […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st June 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD841 (-3.1%) / $870 (-2.7%) (weekly change) (-12.3% and -8.1% YTD change, respectively). The number of week traded […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Saturday, conducting 32 strikes consisting of 65 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
