From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces were evacuating Monday civilians from the Sufiya village on the eastern outskirts of Ramadi, as they continued to clear the city two weeks after declaring victory against the Islamic State group.
By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks and 15 remittance companies took part in its currency auction on Wednesday. A total of $213,663,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
The Kurdistan Regional Government (KRG) has publishes its monthly oil export report for December 2015. KRG exported 18,105,734 barrels of crude oil (an average of 584,056 barrels per day (bpd)) in the month of December through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by the KRG […]
The Rabee Securities ISX Index (RSISX) fell 6.7 percent in the first week of 2016, reflecting the mood in world markets generally, to end the week at IQD 1017. This follows a drop of 22 percent in 2015 (closing at 1090), and more than 25 percent in 2014. The question for investors is where does […]
By John Lee. The United States has sent technical experts to assess the structural integrity of Mosul Dam, amid fears that it is in danger of collapse. State Department spokesman John Kirby told a press briefing on Monday: "... we continue to support Iraqi-led efforts to help take measures to repair the dam to prevent […]
By John Lee. Bloomberg reports that Dana Gas PJSC is still waiting for payment of the $1.98 billion that it and two other energy companies -- Crescent Petroleum and Pearl Petroleum -- were awarded by the London Court of International Arbitration (LCIA) in November. The court gave the Kurdistan Regional Government 28 days to pay […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and remotely […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 22 remittance companies took part in its currency auction on Tuesday. A total of $171,178,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
The Iraq Britain Business Council (IBBC) in conjunction with the Federation of Chambers of Commerce in the Kurdistan Region of Iraq are hosting a one-day London Business Forum to exchange information on business opportunities in Kurdistan and the United Kingdom. The event will be held on the 20th January 2016 at The English-Speaking Union, Dartmouth […]
By John Lee. MOL Hungarian Oil and Gas Plc has announced that, in agreement with its partners Gulf Keystone Petroleum (GKP) and the Kurdistan Regional Government's Ministry of Natural Resources, it has decided to relinquish the Akri-Bijeel Block in the Kurdistan Region of Iraq. The company said its decision was based on a comprehensive assessment […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th Jan 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD1017 / $1169 (-6.7% weekly; -6.7% YTD change). The number of week traded shares was 3.6bn and the […]
By John Lee. A former U.S. Department of Defense contracting official has been sentenced to 30 months in prison for his role in a bribery scheme involving U.S. government contracts in Iraq. James Edward Addas, 55, of Stafford, Virginia, previously pleaded guilty to charges of bribery and tax evasion. According to admissions made in the […]
