Iraq Stock Market Market

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th Aug 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD743 (-1.0%) / $797 (-1.0%) (weekly change) (-8.4% and -4.6% YTD change, respectively). The number of week traded […]

New Investment Opportunities in Iraq

By John Lee. The National Investment Commission (NIC) has announced new investment opportunities in Iraq: Glass production, State Company for Glass and Refractories Industry (SCGR) Drugs and Medical Appliances (Samarra), State Company for Drugs and Medical Appliances (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)

KRG Oil Export Revenues 2017 Assessed

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Introduction KRG’ gross oil export revenues, for 2017, stood at $7.9billion but it was left with only $3.9billion as net earnings. When the Region receives less than half of its gross oil […]

How Iraq Should Respond to the Strait of Hormuz Crisis

By Youssef Ali. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. President Donald Trump’s decision to pull out of the nuclear deal and sign the executive order to reimpose sanctions on Iran has had a significant impact on the global oil markets. This move […]

UNHCR welcomes New Donation from Finland

UNHCR welcomes the generous donation of 1.5 million euros from the Government of Finland. The new funds will help UNHCR support vulnerable Iraqis and Syrian refugees in a rapidly changing context. A year on from the end of fighting in Mosul, the situation in Iraq is increasingly complex. While the country recovers from conflict, the […]

KRG PM receives new Consul General of the Netherlands

The Prime Minister of Iraqi Kurdistan, Nechirvan Barzani, received the Netherlands new Consul General to the Kurdistan Region, Mr. Willem Consijn and his accompanying delegation. Consul General Consijn stressed his country’s willingness to strengthen the relations with the Kurdistan Region. Prime Minister Barzani congratulated Consul General Consijn on his new position and wished him success […]

Genel Energy Shares Rise on Increased Profits

Shares in Genel Energy jumped 12 percent on Tuesday morning after the firm announced increased profits in its unaudited results for the six months ended 30 June 2018. Murat Özgül, Chief Executive of Genel, said: “Genel continues to deliver on its focus. We are generating significant free cash flow, averaging over $10 million a month […]

Sicuro Group to partner Benaa Al Basra for Oil Ops Centre

Benaa Al Basra has been endorsed by the Iraqi Prime Minister’s office to make Basra’s Oil Operations Centre (OOC) operational. The OOC has appointed Sicuro Group, a CMC-licenced, Iraq-experienced tracking, communications and information provider as the exclusive operating partner. According to a press release from Sicuro, “this new partnership will ensure the required expertise and […]

Electoral Recount Completed – UN Congratulates IHEC

SRSG Kubiš congratulates the IHEC Board of Judges on completion of the electoral recount and looks forward to a timely conclusion of the remaining stages of the electoral process The Special Representative of the United Nations Secretary-General (SRSG) for Iraq, Mr. Ján Kubiš (pictured), welcomes today’s announcement by the Board of Judges of the Independent […]

Coalition Strikes Target ISIS Terrorists

Combined Joint Task Force Operation Inherent Resolve and its partners continued to strike Islamic State of Iraq and Syria targets in designated parts of Syria and Iraq between July 30 and Aug. 5, conducting 20 strikes consisting of 27 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. Operation Roundup, which began […]

Baker Hughes wins Iraq Flare Gas Contract

Baker Hughes, a GE company has been awarded a contract by the South Gas Company of Iraq (SGC) for fast-track solutions to help the recovery of flare gas for Nassiriya and Al Gharraf  [Garraf] oilfields. The importance of the project was highlighted by the attendance of several high-level officials, including HE Jabbar Al-Luaib, the Minister […]