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: 30th Mar 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD965 (-5.4%) / $990 (-5.4%) (weekly change) (+0.5% and +4.5% YTD change, respectively). The number of week traded […]
By John Lee. The Director of the State Oil Marketing Organization (SOMO), Falah al-Amiri, has told reporters that crude oil exports so far in March average 3.756 million bpd, including 515,000 bpd exported by Iraqi Kurdistan. According to Reuters, Iraq's oil production is down by more than 300,000 bpd, to 4.464 million (bpd), due to OPEC […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s Mythical Marshes, New UNESCO Site, See Increase In Tourism Over the past few months, the legendary marshes of Hawizeh have come alive again – and this time, with the […]
On what he called a “visit of solidarity” with Iraq, Secretary-General António Guterres today welcomed the commitment of the country’s leaders to civilian protection and national dialogue, and pledged the ongoing support of the United Nations as the Government seeks to bolster aid delivery to needy populations and rebuild Iraq institutions. “This is a visit […]
A formal investigation has begun into the March 17 deaths of civilians in western Mosul, Iraq, the Combined Joint Task Force Operation Inherent Resolve spokesman said today. Addressing Pentagon reporters by teleconference, Army Col. Joseph Scrocca said OIR commander Army Lt. Gen. Stephen Townsend directed that the investigation get underway rather than continue with the […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria, conducting 29 strikes consisting of 78 engagements against ISIS targets on Wednesday, 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 […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In the Iraqi Christian town of Qaraqosh, time stands still. The Islamic State group was expelled in October 2016, but life has not returned to its once-vibrant and wealthy neighbourhoods. A natural sound version […]
By Suha Oda for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Ministry of Displacement and Migration announced March 20 that the number of residents displaced from Mosul has risen to 355,000 since the start of the liberation in October 2016, with the number […]
By John Lee. Shares in Genel Energy have bounced 7 percent from their recent lows this morning following the announcement of the company's full-year results (below), and bond buy-back offer. Highlights The KRG's February 2016 commitment to pay contractor export payments and address outstanding receivables led to a significant increase in cash proceeds during 2016 […]
By John Lee. Beechcraft Defense has been awarded a not-to-exceed $15,225,799 cost-plus-fixed-fee undefinitized contract action for the Peace Dragon King Air 350 program. It will provide contractor logistics support, basic life support, program support, and repair and return, cost per flight hour, travel and fuel for the Peace Dragon King Air 350 program for the […]
Genel Energy Holding Company Limited has announced a reverse tender offer (the 'Buy-Back Offer') to holders of Genel Energy Finance plc's ('the Issuer') USD 730 million GENEL01 PRO senior unsecured callable bonds with ISIN NO0010710882 (the 'Bonds'). All bondholders, subject to legal constraints, are invited to offer Bonds to the Company, being the sole shareholder […]
