Arbil Governor Discusses with Iranian Delegation Commercial Cooperation

Arbil governor discussed on Tuesday with an Iranian delegation. “A delegation from the Iranian embassy visited Arbil on Tuesday and discussed ways of cooperating in investment and commercial operations between the two countries as well as the development of Arbil,” Nouzad Hadi told Aswat al-Iraq news agency. “We will facilitate the work of all companies […]

CBI Dollar Sales Down to $168m

The Central Bank of Iraq’s (CBI) dollar sales went down to reach $168.878 million in its daily auction on Tuesday, compared to $176.080 in the previous session. “The demand hit $8.870 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $160.008 million in foreign transfers outside the country, covered […]

DNO Silent on Iraq Export Timing, Q1 Tops View

Norwegian oil and gas producer DNO International (DNO.OL) gave no guidance as to when it expects to restart oil exports from Iraq when it published first-quarter results that beat forecasts on Tuesday. “The process is moving ahead but we have no information about when things will happen,” Managing Director Helge Eide told a news conference. […]

A Perfect Storm for Iraqi Stocks

By Mark A. DeWeaver, of Quantrarian Asia Hedge Two good rules for emerging stock market investors have always been: (1) buy crises and (2) buy export booms.  The first would have worked well in Sri Lanka in the weeks following the Tamil Tiger suicide attack on the country’s main airport in July, 2001.  Had you […]

Government Slashes Iraqi Farmers’ Subsidies

The government has slashed subsidies to Iraqi wheat and barley growers, fuelling farmers’ anger across the county. Director-General of Iraq’s Grain Board, Hassan Ibrahim said the prices the government paid for wheat and barley were much higher than those prevalent on international markets. This year, wheat growers will get 650,000 Iraqi dinars ($500) instead of […]