By John Lee. In a meeting of the Joint Management Committee, Iraq's Oil Ministry discussed the development plan for fields and projects contracted with the French company TotalEnergies. The Deputy Minister for Extraction Affairs affirmed the ministry's commitment to implementing strategic projects with TotalEnergies and QatarEnergy. According to a statement from the Ministry, the four […]
By John Lee. Texas-based Bell Helicopter, a wholly-owned subsidiary of Textron Inc., has been approved for a possible $300-million military contract with Iraq. Full statement from the US Defense Security Cooperation Agency (US DSCA): The State Department has made a determination approving a possible Foreign Military Sale to the Government of Iraq of Bell Helicopter […]
By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG) has Barzani has opened what is described as the largest cardboard and packaging factory in Iraq. Masrour Barzani opened the Fabyab facility in Erbil on Tuesday, saying: "This factory plays a crucial role in bolstering our agricultural sector by providing essential packaging and […]
By John Lee. Al-Ekhwa Al-Nubalaa for General Trading & Contracting Limited has won a contract with the United Nations Office for Project Services (UNOPS) for the "Construction of Cat IV Housing Units in Ninewa, Sinjar and Ba'aj Districts" The contract is valued at $1,657,607. (Source: UNGM)
By John Lee. WEE Pros GmbH (Water, Energy, Environment Professionals) has won a contract with the United Nations Office for Project Services (UNOPS) for "Capacity Building for Professional Services of Beneficiaries, NGOs & Private Sector staff and the Public Sector staff members in Anbar." The contract is valued at $95,000. The company describes itself as […]
Iraq - Drivers of Climate Induced Displacement: Climate Vulnerability Assessment (October 2023) Climate change and environmental degradation have contributed to the displacement of at least 55,290 individuals in assessed locations in central and southern Iraq between January 2016 and October 2022. This figure represents an estimated 15 per cent of the original population that used […]
By John Lee. Qatar has appointed a new Consul General in Erbil. The Head of the Protocol Department at the Ministry of Foreign Affairs, Ammar Dawood, received the consular credentials of HE Hussein bin Ali Al Fadala on Tuesday. The Qatari Investment Holding Company [Estithmar Holding] has recently announced investments in Iraq. (Source: Qatari Ministry […]
By John Lee. Erbil-based telecommunications company Korek Telecom has reportedly been blocked from communicating with other domestic and international carriers, according to Rudaw. This follows a public announcement last week from Iraq's Communications and Media Commission (CMC), which threatened to disconnect the company if it did not pay its financial obligations: "Based on the expiration […]
By Hamdi Malik, Michael Knights, Crispin Smith and Ameer al-Kaabi, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Potential Escalation in Iraq (Part 2): Asaib and Nujaba Asaib Ahl al-Haq, Harakat Hezbollah al-Nujaba, and their facade […]
By Hamdi Malik, Michael Knights, Crispin Smith and Ameer al-Kaabi, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Potential Escalation in Iraq (Part 1): Khamenei and Badr Iraqi "resistance" elements are becoming more bellicose in their […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd November 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,416.6 2.4% 55.6% RSISX USD Index 1,392.9 […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for October: Total exports of crude oil: 109,545,589 barrels. Revenues from crude oil exports: $9.669 billion, the highest since July 2022. Oil fields in central and southern Iraq accounted for 108,050,360 barrels of crude oil exports. Exports from Kirkuk through the port of […]
