The KRG Oil and Gas Council held a meeting last week to discuss fuel shortages. The meeting culminated with the announcement of four important steps aimed at combating fuel shortage in the Kurdistan Region. The meeting was headed by KRG Prime Minister Nechirvan Barzani and Deputy Prime Minister Qubad Talabani. In the meeting, also attended […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 19th June 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,727 (-1.4%)/ $1,853 (-2.0%) (weekly change) (-8.7% and -8.5% YTD change, respectively). The number of week traded shares […]
By John Cookson. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. US Secretary of State John Kerry's whistle-stop swing through the Middle East and Europe will likely include a meeting this week with Iraq's embattled caretaker prime-minister Nouri al-Maliki. At the Baghdad summit we […]
Lafarge Iraq has launched a new version of Karasta, its multipurpose cement, tailor-made for the Iraqi climate. In order to meet customer expectations and needs the formula of Karasta was revised to improve its workability, decrease cracking and improved setting time as well as better adhesion. Karasta’s new formula meets the Iraq specification 3868 and […]
By John Lee. The pipeline that will carry natural gas from Iran to Iraq will be completed by the end of the current Iranian calendar year (started March 21, 2014), according to a report from Iran's PressTV. The Managing Director of the Iran Gas Engineering and Development Company, Alireza Gharibi, said 7 million cubic meters […]
By John Lee. The escalating conflict in Iraq is making holders of the country's international debt nervous about repayment, according to a report from Reuters. The size of Iraq's dollar debt is relatively small - a $2.7 billion bond launched in 2006 in a restructuring of Saddam Hussein-era commercial debt. It is held by investors […]
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. CNN's Jim Sciutto reports on President Obama's comments about the role of the U.S. in the crisis in Iraq:
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. CNN's Christiane Amanpour speaks with Jay Garner, who led America's post-war Iraq reconstruction efforts in 2003:
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi government has yet to tell its side of the story after the Islamic State of Iraq and al-Sham (ISIS) occupied the province of Ninevah on June 10, leaving the door open for interpretations […]
By Mark DeWeaver. This week saw a dramatic turnaround in Iraqi stocks. Last Thursday’s selloff (see this post) accelerated into a mad dash for the exits on Sunday, with the RSISX losing 4.3% on virtually no advancing volume and 60% of the trading in limit-down stocks. On Monday the index fell another 3% to bottom […]
The eighth cabinet of the Kurdistan Regional Government was sworn into office on 18 June 2014 at the Kurdistan Parliament. The cabinet consists of the following ministries and departments: Prime Minister: Nechirvan Idris Barzani Deputy Prime Minister: Qubad Jalal Talabani Ministry of Agriculture and Water Resources: Abdulstar Majeed Ministry of Culture and Youth: Khalid Doski […]
By John Cookson. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. President Obama opposed the 2003 US-led war which toppled Saddam. He based his run for the White House on ending wars rather than starting them. So his decision announced at a press conference […]
