Archive | 26th December 2011

$667m New Investments in Basra

Basra Investment Commission (BIC) has granted seven licenses for a variety of projects in the fields of housing, trade, industry and tourism. The Head of the Commission, Khalaf al-Badran, said in a statement, that these projects will provide thousand of work opportunities and will improve social standards in the province. The total value of the […]

Iraq to Allow Jordanian Trucks to Transit to Europe

The Jordanian news agency Petra, citing Jordan’s Transport Ministry, reports that Iraq has agreed to allow Jordanian trucks to transit its territory to Turkey and Europe. Iraqi authorities said they will open a route for Jordanian trucks to Turkey within a month after putting in place customs and security procedures. (Source: Bloomberg)

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Iraq buys Freighter for $14m

Iraq has reportedly spent $14 million (16 billion IQD) a 7,000 ton commercial freighter called the Baghdad. Samir al-Karkhi, the director of the Marine Shipping Company, told AKnews the vessel will enter service in February and will address many of the obstacles faced by shipping in Iraq. "The Ministry of Transport is making great efforts […]

Testing the Independence of the Iraqi Judiciary: The Batikh Case

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. […]

Iraq Stock Market Report

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd December 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,504 / $1,668, +0.2%. The number of weekly traded shares was 6.4 bn and the weekly trading volume was ID14.1bn […]