Archive | 26th September 2011

Republic of Iraq Financial Sector Review

A new World Bank report released today, Republic of Iraq Financial Sector Review, highlights that while reforms are ongoing in the financial sector, the country needs to push further to ensure that a system still characterized by state-domination and lack of transparency reaches its full potential. The report stresses the critical importance of the financial […]

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President Talabani Promises to Protect Investors

Iraq is striving to build a democratic State anchored in peace and the rule of law, with all communities living in harmony, irrespective of their sectarian, ethnic or factional affiliation, the country’s President, Jalal Talabani, told the General Assembly on Friday. “This is the basis for the path which we are moving on and continually […]

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KRG Representation Attends UK Party Conferences

The Kurdistan Regional Government is for the seventh year running attending the annual conferences of the three main British political parties. This week Bayan Sami Abdul Rahman, the Kurdistan Regional Government’s (KRG) Representative to the UK, attended the Liberal Democrats party conference in Birmingham. The Liberal Democrats have been in government for over a year […]

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Iraq Stock Market Report

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd September 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,666 / $1,848, +1.6% (weekly change). The number of weekly traded shares was 2.7bn and the weekly trading volume was […]

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Iraq’s Biggest Construction and Electricity Trade Fair

Last week Erbil hosted for the fourth time the Project Iraq construction trade exhibition, together with the Elenex Iraq energy and electricity show. This year’s construction fair was the largest so far, attracting exhibitors from 20 countries and thousands of visitors. Project Iraq 2011, the 4th International Trade Exhibition for Construction & Environmental Technology for […]

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Basra’s $1.3 billion Development Plan

The Chairman of the Development Committee of Basra Council announced on Friday that he had completed a 1.58 trillion Iraqi dinar [$1.3 billion] plan for the province. Mustapha Attiya told Aswat al-Iraq that the figure “covers the allocations granted for Basra Province, including the Region’s development budget, as well as the revenues of the petrodollar […]

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Shahristani: Electricity Crisis Will End in 2013

Energy Minister  and Deputy Prime Minister Hussein al-Shahristani has promised that Iraq’s electricity crisis will end in 2013. AKnews reports that he said only a few more energy plants were necessary to end the electricity shortage. “Iraq will have approximately 7,000 MW more after the completion of the Zubaydiah plant, the Khairat plant in Karbala, […]

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Another Parliamentary Defeat for Maliki

The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]

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Parliament takes back Control over Integrity Commission

The Iraqi parliament took back control over the parliamentary  Commission of Integrity from the Council of Ministers on Saturday. The majority of the members of parliament voted for the new committee law, despite strong opposition form the State of Law Coalition of Prime Minister Nouri al-Maliki. “The parliament can now assign the new head of […]

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Emirates Announces Country Manager in Iraq

Emirates has announced the appointment of a new Country Manager in Iraq to support the airline’s growth within the country. Haitham Al Battawy, a UAE National, will take on the role from 2nd October and will be stationed in Baghdad. He will be responsible for overseeing Emirates’ operations within the country, building revenue and expanding […]

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Marsh and AAIB Launch Iraq Land Rig Insurance

In order to meet the specific insurance requirements of oil rig drilling contractors operating in Iraq, Marsh and Anglo Arab Insurance Brokers (AAIB), Iraq Insurance today announced the launch of a new Iraq Land Rig Facility. The facility provides cover for physical loss of or physical damage to drilling rigs and associated equipment, machinery breakdown and […]

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