Dunia Weekly Iraq Market Tracker

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Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a proxy Iraq play as much as practicable. It also identifies and analyzes the primary political and security events that occur in country that have market-moving implications.

Click here to access the report.

Companies Mentioned:

DNO, Exxon Mobil, Genel Energy, Gulf Keystone

Action Calls:

• Iraqi Budget passed: Maliki gets most of what he wants, gives little that is not strictly symbolic.
• Genel starting to look elsewhere: Genel can't really stomach increasingly frothy valuations, but majors may.
• Basra SPM still not operational: We celebrated too soon, but bellwether works.

Headlines:

• Riyadh names ambassador to Iraq: Small step forward, confirming Iraq is not Iran's puppet. Hopefully more progress to come.
• AQI claims attacks: Worrisome, part of recent uptick in violence. Will indicate political progress, or not.

Calendar Events Discussed:

• Next week - Discussions on former Deputy PM Mutlaq's potential return
• April - National Reconciliation Conference

Click here to access the report, or to add your email address to Dunia's mailing list to receive the Iraq Market Tracker via email.