Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd August 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,360 / $1,471 (-0.3%) (weekly change). The number of week traded shares was 5.7bn and the weekly trading volume was ID8.9bn ($7.4mn). Note: There will […]
Archive | 2012
Alfaris to Install Water Plants in Baghdad
By John Lee. The City of Baghdad has signed a contract with the Alfaris company, which is related to the Industry Ministry, to supply five water filtering water plants. The plants will have a capacity of 200 cubic meters per hour, and will serve a number of neighbourhoods in the city of Baghdad. According to […]
Obama Accuses Iraqi Bank of Aiding Iran
By John Lee. President Barack Obama has said that Iraq's Elaf Islamic Bank carried out "transactions worth millions of dollars" on behalf of Iranian banks that had been blacklisted because of their to Iran's nuclear programme. "We will expose any financial institution, no matter where they are located, that allows the increasingly desperate Iranian regime […]
16 Firms Bid to Build $412m Grand Faw Breakwater
By John Lee. Sixteen companies have bid to build a 480 billion-dinar ($412 million) breakwater for Iraq's Grand Fao [Grand Faw] port. Omran Radhi, director general of the State Company for Iraq’s Ports, told Bloomberg that the list of bidders includes: Hyundai Engineering & Construction; Daewoo Engineering & Construction; Dredging International; China Communications Construction Company; […]
Tags: Al Habtoor Leighton Group, China Communications Construction Company, Daewoo, Dredging International, Grand Fao, Grand Faw, Hyundai, Leighton
Resumption of Oil Exports by KRG
By John Lee. Oil exports from the Kurdistan Region will resume in the first week of August, the Ministry of Natural Resources (MNR) has announced, adding that the decision was a confidence-building measure aimed at solving once and for all the ongoing oil and gas issues in Iraq. The MNR said that despite initial reluctance […]
Stand-Off in Ninawa: Syria Inflames Kurdistan-Iraq Dispute
By Ahmad Salama. 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. The conflict with Syria is threatening to spill over borders, as Iraqi Kurdistan and Baghdad line up on opposing sides. Now the face-off has gone beyond […]
Microsoft to Start e-Governance Projects in Maysan
By John Lee. Microsoft is reportedly about to start e-governance projects in Maysan. Suhair Al-Minshidawi, the Chairman of the e-governance Committee in Maysan province said in a press statement: "The representative of the company showed, during a meeting with her, his company's willingness to work in this field. "The projects include electronic systems specializing in […]
1,300 New Teachers for Erbil
By John Lee. A member of the employment committee in Erbil province has announced that 1,292 new teachers will be employed in the province. According to a report from AKnews, Hussein Kakil said it is necessary to fill the vacancies before schools re-open in September. The Kurdistan Regional Government is said to have 17,000 job […]
The Syrian Crisis and Erbil-Baghdad Relations
By Reidar Visser. 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 […]
Weekly Security Update for 2 August 2012
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 […]
Major IOCs Voting With Their Feet
By Padraig O'Hannelly. Tensions between Iraqi Kurdistan and the central government in Baghdad have increased significantly in recent times, both politically and commercially. On the political front, the "difference of opinion" about the sending of Iraqi troops to the border between Iraqi Kurdistan and Syria was eclipsed by reports that the Kurdistan Regional Government has […]
Tags: Kurdistan News, oil contracts
Ministry of Oil: Chevron "Should be Ashamed"
By John Lee. The Iraqi Oil Ministry has re-confirmed that Chevron is barred from contracts with the Federal Goverment in Baghdad, and says the company "should be ashamed of their action" in dealing with the Kurdistan Regional Government, which it accuses of smuggling. The Ministry issued the following statement on Wednesday: Chevron Oil Company announced […]