By John Lee. A delegation of major Lebanese companies have arrived in Baghdad for a series of meetings with Iraq's National Investment Commission (NIC). The were accompanied the Lebanese Minister of Telecommunications, Dr. Muhamed Shuqair, and the opening meeting was attended by the Iraqi Minister of telecommunications, Dr. Naeem Al- Rubaiee; NIC Chairman, Dr. Sami […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. How will US sanctions affect Iran-Iraq economic relations? The Trump administration is giving Iraq a few more months to continue buying oil and electricity from neighbouring Iran before the United States enforces sanctions […]
Shares in Gulf Keystone Petroleum (GKP) were trading up 3 percent on Monday after the company provided an operational and corporate update on its operations in Iraqi Kurdistan. Analyst Peel Hunt has reportedly re-issued its "Buy" rating during the morning. Operational Operational activity continues at the Shaikan Field (pictured) to complete the debottlenecking programme in […]
By John Lee. Iran's President Hassan Rouhani arrived in Iraq on Monday as the head of a high-ranking political and economic delegation at the official invitation of the President and Prime Minister of Iraq. Barham Salih, President of Iraq, officially welcomed President Rouhani at Baghdad’s as-Salam Palace. Dr Rouhani will have meetings with the President […]
By John Lee. The United States Treasury Department has sanctioned Harakat Hezbollah al Nujaba, a radical Muslim militia group of about 10,000 fighters, as well as its leader Akram Kaabi. The full statement from the Office of Foreign Assets Control (OFAC) can be read here. (Source: US Treasury Department)
By John Lee. The National Investment Commission (NIC) has announced a new investment opportunity in Iraq: Production of tubular and lattice steel poles for electricity, General Company for Communications Equipment and Power (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
By John Lee. Iraqi and Kurdistan Regional Government authorities have charged hundreds of children with terrorism for alleged Islamic State (also known as ISIS) affiliation, Human Rights Watch (HRW) has said, adding that the prosecutions are often based on dubious accusations and forced confessions obtained through torture. The 53-page report, “‘Everyone Must Confess’: Abuses against […]
KRG Prime Minister Nechirvan Barzani received Jordanian Minister of Industry, Trade, and Supply Dr. Tariq al-Hammouri, Jordanian Ambassador to Iraq Montaser Oklah, Consul General of The Hashemite Kingdom of Jordan to the Kurdistan Region Haitham Abu Alfoul, and their accompanying delegation. Minister al-Hammouri highlighted historical relations between the Kurdistan Region and Jordan and expressed willingness […]
By John Lee. Iraqi media reported on Thursday that an agreement was signed between the Iraqi Ministries of Education and Communication to cut internet service during the period of the next "ministerial examinations" (sic). The Ministry of Communications denies the reports, adding that it wishes to assure the Iraqi public that there is no intention […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi security forces killed five suicide attackers northwest of the northern Iraqi city of Mosul Feb. 20. A car bomb in central Mosul killed one civilian and wounded 13 others Feb. 28, just the latest in many recent incidents […]
By John Lee. Kuwait is reportedly planning to build towns close to the Iraqi border, and talking with Iraqi authorities to develop a "free zone" between the two countries. According to Kuna, First Deputy Prime Minister and Minister of Defence Sheikh Nasser Sabah Al Ahmad Al Sabah (pictured) said the plan was currently "the preoccupation […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th March 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD595 (+3.0%) / $640 (-2.0%) (weekly change) (-9.8% and -9.8% YTD change, respectively). The number of week traded […]
