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Archive | 2012

Iraq Stock Market Report

By on 7th October 2012 in Investment

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th October 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,441 / $1,558  (+1.1%) (weekly change). The number of week traded shares was 7.9bn and the weekly trading volume was ID13.1bn ($10.9mn).   ISX Company […]

KRG Planning 1m bpd Pipeline to Turkey

By on 4th October 2012 in Iraq Oil & Gas News

By John Lee. The Kurdistan Regional Government (KRG) is planning to build an oil pipeline to Turkey with a capacity of 1 million barrels a day, according to a report from Platts. KRG natural resources minister Ashti Hawrami (pictured) told an energy conference in Turkey on Thursday that plans were already in place for the […]

GKP Shares Fall on Fundraising for Shaikan

By on 4th October 2012 in Iraq Oil & Gas News

By John Lee. Gulf Keystone has announced the launch of an offering of senior unsecured convertible bonds due October 2017 in a principal amount of USD$ 200 million, which may be increased in the event the Company exercises in full its increase option of up to USD$ 25 million (the "Increase Option"). Shares in the […]

Rompetrol Considers Iraqi Expansion

By on 4th October 2012 in Iraq Oil & Gas News

The Managing Director of Romania's Rompetrol has said that the company is interested in exploring in Iraq. Gavit Kurkimov (pictured) said: "We have just visited Iraq. The main purpose of our visit was to gather information on the possibilities of drilling there ... we do not carry out any activities in Iraq, but have opened […]

CBI Postpones Iraqi Currency Redenomination

By on 4th October 2012 in Iraq Banking & Finance News

The Central Bank of Iraq (CBI) has ruled out deleting the three zeros from the Iraqi currency in 2013 because it needs time and a new fiscal year. The Deputy Chairman of the CBI, Mudhir Mohamed Salih, told AIN on Wednesday: "The project of crossing out zeros from the Iraqi currency takes time ... The […]

Your Source of Timely Tenders Notifications

By on 4th October 2012 in Tenders

Iraq Business News tenders service provides the latest tenders, online tenders and tender alerts from Iraq. We search all major sources and notify you of tenders, quotes, requests for expressions of interest, and pre-qualifications. Over thirty tenders has been listed this week covering spare parts, construction and electrical equipment, and heat treatment instruments, as well […]

Sound Bites to Sum Up Iraq

By on 4th October 2012 in Blog

By John Lee. Three sound bites from the past week sum up the investment climate in Iraq: From Deputy Prime Minister for Energy, Dr Hussain al-Sharistani: "Investments between now and 2030 in the energy sector and linked industries will amount to about $500 billion, of which 80 billion is expected to come from the private […]

Recommendations from Iraq Finance 2012

By on 4th October 2012 in Iraq Banking & Finance News

Iraq Finance 2012: Welcomes the on-going reforms and restructuring of state-owned banks and turning them into independently capitalised corporations and urges a strong commitment to the operational independence of state-owned banks. Welcomes the removal of restrictions on government and government related entities in their dealings with private banks. Urges the reduction of delays in the […]

Weekly Security Update

By on 3rd October 2012 in Weekly Security Update

By Gary Sandiford, Olive Group’s Dubai based assessments manager.  Olive Group is a leading provider of security and technology solutions and has operated continuously in Iraq since 2003.   Overview Olive Groups Iraq statistics are drawn from multiple sources, including media reporting and direct liaison with in country assets. Included within the statistics are a […]

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