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Iraq invests $ 24.5 billion in US Treasuries

Iraq invests $ 24.5 billion in US Treasuries
8/14/2018
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The Arab countries’… Continue reading

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Petrofac awarded Basra Oil Company EPC Contract

Petrofac has been awarded a contract worth around US$370 million by Basra Oil Company (BOC) for expansion of the Central Processing Facility (CPF), located in the Majnoon Field, Southern Iraq. Under the terms of the 34-month contract, the lump-sum engineering, procurement and construction (EPC) project scope of work includes two oil processing trains, able to […] Continue reading

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Iraq, Jordan consider Joint Industrial Zone

Jordanian Prime Minister, Omar Razzaz, on Monday met with Iraqi Defence Minister, Irfan Hayali, to discuss the Jordanian-Iraqi relations. Razzaz underlined the depth of the historic Jordanian-Iraqi relations and the keenness to enhance joint cooperation to serve the interests of both countries and their peoples. The premier also pointed to the directives of His Majesty […] Continue reading

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German Companies Encouraged to Invest in Kurdistan

Prime Minister Nechirvan Barzani received the new Consul General of Germany to the Kurdistan Region, Ms. Barbara Wolf and her accompanying delegation. In the meeting, which was also attended by Kurdistan Regional Government’s representative in Germany, Mr. Dilshad Barzani, Consul General Wolf thanked the KRG for its assistance to the German Consulate General in Erbil. […] Continue reading

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Will Riyadh-Tehran Rivalry kill Kurdistan Investment Drive?

By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Will Riyadh-Tehran rivalry kill Iraqi Kurdistan’s investment drive? Iraqi Kurdistan, facing an acute financial crisis, has a newfound opportunity to attract desperately needed foreign investment from Saudi Arabia, but regional tensions between Tehran and Riyadh […] Continue reading

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Central Bank reveals the fact of the issuance of lists to monitor Iraqi banks

Central Bank reveals the fact of the issuance of lists to monitor Iraqi banks
8/13/2018
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The Central Bank issued a statement on Washington’s monitoring of Iraqi banks

The Central Bank issued a statement on Washington’s monitoring of Iraqi banks
8/13/2018
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Bank credit ratios

*Bank credit ratios*

8/13/2018

Credit rates in the banking sector are among the most important criteria of economic development accounts. The… Continue reading

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SOMO Does Not Work This Way

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Below is the full Arabic text and source of what was reportedly said by Abdul Alal AL-Yassiry, the Chairman of the Iraqi Centre for Economic and Investment Consultation in Karbala. What prompts […] Continue reading

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Siemens to Upgrade Shatt Al Basra Power Plant

Germany’s Siemens will upgrade one of the country’s largest gas-fired power plants. Under a new contract, Siemens will add 650 megawatts (MW) to Shatt Al Basra Gas Power Plant, which currently has a power generation capacity of 1,250 MW and consists of non-Siemens turbines operating in simple-cycle mode. Siemens will supply five of its highly-efficient […] Continue reading

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