Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd November 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,524 / $1,648 (+1.4%) (weekly change). The number of week traded shares was 43.3bn and the weekly trading volume was ID41.8bn ($34.8mn). ISX Company Announcements […]
Archive | 2012
Iraq Oil Exports, Revenues up for October
By John Lee. Iraq's oil ministry spokesman, Assem Jihad, said the country exported 81.3 million barrels of oil in October -- an average of about 2.62 million bpd -- compared with about 2.6 million bpd in September. At an average price of $105.51 per barrel, revenues hit $8.578 billion, up from $8.4 billion the previous […]
Tags: Iraq Oil Exports News
Zubaidiyat Power Plant to Start Early 2013
By John Lee. Work at Iraq's largest power plan at Zubaidiyat [Zubaidiya] is reported to be progressing, with the first two units of 330 megawatts each scheduled for completion in early 2013. New units of 330 MW each will then be commissioned every four months until the plant reaches its planned total capacity of 2540 […]
Handicapped Villager Builds Water Generator, Introduces Green Power
By Abdul-Khaleq Dosky. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. or years the village of Bava has gone without electricity. But now a local handicapped man has built a water generator in a nearby river and […]
Tags: Electricity In Iraq, Water
Iraq Adds 250MW to National Grid
By John Lee. A spokesperson for Iraq's Electricity Ministry, Musaib al-Mudarisi, says the newly constructed power plant in Babel is now fully operational, adding 250 megawatts of power to the national grid. The plant comprises two generating units, each with 125 megawatts, and has already been linked to the national grid. The plant was inaugurated by […]
Turkish Company Signs $700m Basra Steel Contract
By John Lee. The Basra Investment Commission has announced that the Industry Ministry signed a contract with the Turkish company UB Holding to rehabilitate iron and steel factories at a cost of $700 million. According to Aswat al-Iraq, the head of the commission said that the contract includes adding new production lines and increases annual […]
Iraq Pushes for Stronger Links with Japan
By John Lee. Iraq's Undersecretary for Policy Planning, Labeed Abbawi, met Japanese Ambassador Yokota to discuss aid for the reconstruction of Iraq. Ambassador Yokota expressed pleasure over the Japanese participation in the Baghdad International Fair. Undersecretary Abbawi stressed Iraq's determination to help Japanese companies to overcome the difficulties they face, and said Iraq wants to […]
Tags: Japan
Iraq to Buy up to 30 General Dynamics Stryker Vehicles
By John Lee. According to a report from Bloomberg, Iraq’s military wants to buy as many as 30 General Dynamics Stryker eight-wheeled combat vehicles. The $25-million deal would be the first international sale of the vehicles, which were developed for the US Army. If accepted by the Iraqi government, the proposal would be submitted to […]
Tags: 'Your Country' - United States, arms, General Dynamics, SIGIR, Special Inspector General for Iraq Reconstruction
WesternZagros Issues 3Q Results
By John Lee. WesternZagros Resources has issued its results for the period ended September 30, 2012: At the Kurdamir-2 well, the operator, Talisman (Block K44) B.V. (“Talisman”), and WesternZagros successfully completed the first of three planned cased-hole tests in the Oligocene Formation of the Kurdamir-2 well. The test targeted 20 metres of fractured reservoir below […]
Tags: Talisman, WesternZagros
ShaMaran Announces Financial and Operating Results
By John Lee. ShaMaran Petroleum has announce its financial and operating results for the three and nine months ended September 30, 2012. Highlights On November 7, 2012 General Exploration Partners Ltd, operator of the Atrush Block and acting on behalf of the Contractor Group under the Atrush Block Production Sharing Contract, submitted to the Atrush […]
Tech Fault Halts Trading on Iraqi Stock Exchange
By John Lee. The Iraqi Stock Exchange (ISX) has cancelled today's (November 22) session due to a technical fault in the Electronic Trading System. They are working to fix this problem. In addition, there will be no trading session at the ISX on Sunday (November 25) due to an official holiday. [Best forex brokers in […]
Tags: Iraq Stock Exchange News, Iraqi Stock Exchange, ISX Iraq Stock Exchange News, Rabee Securities
Iraq Business News Welcomes New Blogger
"Education is the most powerful weapon which you can use to change the world." -- Nelson Mandela, former president of South Africa, 1993 Nobel Peace Prize laureate. This week at Iraq Business News, we are delighted to welcome a new Expert Blogger to our ranks: Madeleine White is Head of Marketing for Whizz Education. A […]
Tags: Madeleine White