By John Lee. The Central Bank of Iraq (CBI) has reported that 24 banks took part in its currency auction on Tuesday. A total of $73,887,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. China Petroleum Pipeline (CPP) and North America Western Asia Holdings (NAWAH) have announced that the two companies have entered into an agreement to jointly pursue potential energy sector development projects in Iraq. Under the agreement signed during a formal ceremony in CPP’s global headquarters in China, CPP and NAWAH will seek an […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th February 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,292 (-0.1%) / $1,355 (-1.0%) (weekly change) ) (-7.2% and -8.6% YTD change, respectively). The number of week […]
By John Lee. Babylon Investment Commission (BIC) has invited investors to set up in the Industrial Zone at Al-Kefel, Babil. In a statement, the BIC said: Babylon Investment Commission is pleased to announce completing the procedures of specifying the Industrial Zone borders in Al- Kefel area to be extended on parts of the lots numbered […]
By John Lee. The Central Bank of Iraq (CBI) has taken a number of decisions with the intention of supporting and developing the Iraqi economy; the following list is taken directly from an announcement by Rabee Securities: Approving appointment of a representative of the private banks in the Board of directors of the CBI; Approving […]
By John Lee. Militants from the Islamic State (IS, ISIS, ISIL) have bombed the Kirkuk railway on Saturday evening, in an attempt to prevent Peshmerga forces from attacking the area. A Peshmerga source in the area told BasNews that the jihadists laid waste to a section of the railway near Maktab Khalid, and blew up […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq has lifted a years-old nightly curfew in the capital, Baghdad, in a bid by Prime Minister Haider al-Abadi's government to make the city feel more liveable despite persistent violence plaguing the country. […]
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi government spends millions on medical treatment abroad The coordinator of a consulting firm specializing in providing medical treatment in India announced Nov. 15 on his Facebook page that he was coming to Iraq […]
By John Lee. The Czech cabinet has postponed a decision on the sale of redundant L-159 subsonic fighters to Iraq. Defence Minister Martin Stropnicky said on Wednesday that "the way of assigning the proceeds from the sale to the Defence Ministry must be defined before the decision is made." Global Times reports that the Czech Defence […]
By John Lee. Basra Gateway Terminal (BGT) announced on Thursday that its operations at the Port of Umm Qasr are now fully operational. BGT chief executive Phillip Marsham said in a statement: “We are attracting plenty of interest from container lines and have enjoyed a good pace of cargo buildup since we opened the doors […]
By John Lee. Prime Minister Dr. Haider Al-Abadi received the German Ambassador in Baghdad, Mr. Ekkehard Brose, at his office on Wednesday. The meeting discussed means of promoting bilateral relations especially security, training and armament cooperation in addition to the economic, trade and investment fields. H.E. mentioned that Iraq is looking forward to a promising […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) were down 10 percent on Friday morning, after it announced the suspension of crude oil exports by truck from Iraqi Kurdistan. The company said it remains in a dialogue with the Kurdistan Regional Government's Ministry of Natural Resources ("MNR"), in order to receive the outstanding payments […]
