Shares in Genel Energy rose slightly on Tuesday after the company announced its unaudited results for the six months ended 30 June 2017: Highlights Tawke and Taq Taq generated cash proceeds of $139 million in H1 2017, leading to free cash flow of $78 million in the period Successful bond repurchase in April 2017, with […]
A total of 241 Iraqi civilians were killed and another 277 injured in acts of terrorism, violence and armed conflict in Iraq in July 2017*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in July (not including police) was 239, while the number of […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 29 strikes consisting of 35 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition […]
The United Nations Development Programme (UNDP) estimates that more than $700 million will be needed to rehabilitate Western Mosul, in addition to the $370 million required in the Eastern part of the city. The Deputy Special Representative of the United Nations Assistance Mission for Iraq (UNAMI), and UNDP Resident Representative in Iraq, Ms. Lise Grande […]
Iranian Oil Minister Bijan Zanganeh said Tehran and Baghdad have reached an initial agreement to build a pipeline that would export crude oil from the northern Iraqi fields of Kirkuk via Iran. Iran and Iraq are ready to promote their cooperation in the area of energy, Zanganeh said on Sunday after a meeting with his […]
Erbil International Airport (EIA) this week signed a partnership deal with Lufthansa Consulting, part of the Lufthansa Group, to support the development and implementation of its masterplan. The contract, funded by EIA, will secure for the airport key expertise across a range of airport disciplines from project management, through planning, design, cargo, security and safety. […]
Estonian-based Taxify, which describes itself as Europe’s fastest-growing ride-sharing platform, has launched its service in Baghdad, with hundreds of drivers signed up to the platform and ready to accept rides. City Manager of Taxify Iraq, Moammar Hasan describes the service as an app connecting riders, who are looking for a quick and comfortable ride with […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th July 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD764 (+2.1%) / $784 (+2.1%) (weekly change) (-20.4% and -17.2% 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 18 strikes consisting of 28 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, […]
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 […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. With the Islamic State of Iraq and the Levant (ISIL) group defeated by government forces in northern Iraq, the question of Kurdish independence could pose a new problem in the country. Tensions have […]
By John Lee. Iraq’s Ministry of Oil has announced final oil exports for May of 98.2 million barrels, giving an average for the month of 3.273 million barrels per day (bpd), slightly more than the 3.261 bpd exported in May. Exports from the southern terminals totalled 97.5 million barrels, with 700,000 barrels exported from Kirkuk. Revenues for […]
