Archive | 2016

WesternZagros Appoints New Director

WesternZagros Resources has announced that Jonathan Oestreich has been appointed to Western Zagros's Board of Directors as an independent director effective immediately. Mr. Oestreich has also been appointed to the Board's Audit Committee and the Health, Safety, Environment, and Security Committee. In conjunction with this appointment, 500,000 options have been granted to Mr. Oestreich on […]

Japan Funds Clean Water in Baghdad

Over 400,000 people including displaced receive clean water in Baghdad thanks to generous funding from Japan The United Nations Development Programme (UNDP) and the Governorate of Baghdad have completed the rehabilitation of the primary water supply infrastructure in Al Nahrawan District, where water shortages and lack of clean water have exposed displaced people and the […]

British Council makes award to Basrah Museum

The British Council has award £460,000 to the Basrah Museum project. This project sees the completion of three remaining galleries in the newly opened museum. The old Basrah Museum was looted in the 1st and 2nd Gulf Wars and was closed in 2003. The new museum is housed in one of Saddam Hussein's former palaces. The […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th Dec 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ936 (+0.7%) / $920 (-0.1%) (weekly change) (-14.2% and -19.7% YTD change, respectively). The number of week traded […]

Military Strikes Continue Against ISIL in Syria, Iraq

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Saturday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and fighter aircraft […]

Currency Auction Results, 18th Dec

By John Lee. The Central Bank of Iraq (CBI) has reported that 34 banks and 15 remittance companies took part in its currency auction on Sunday. A total of $162,846,709 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Destroyed Oil Infrastructure costs IS up to $6.5m/mth

In teleconference remarks from Baghdad on Wednesday, the commander of Combined Joint Task Force - Operation Inherent Resolve reported progress and success in the U.S.-coalition forces’ campaign to bring lasting defeat to the Islamic State of Iraq and the Levant. Army Lt. Gen. Stephen J. Townsend described a decidedly different situation in Iraq and Syria […]

Cement Firm Expands Iraq Operations

By John Lee. Pakistan’s Lucky Cement has announced plans to increase capacity at its grinding unit in Iraq. In a statement to the stock market, the company said that together with its Joint Venture partner, it will to increase its existing cement grinding capacity from 0.871 million tons to 1.742 million tons per annum. This expansion […]

Improving Agriculture, Employment and Peace

By Dr. Layth Mahdi. Prior to the 2003 Iraq had adopted an agricultural policy based on the financial, administrative, technical and technological support from the government for the development of the agricultural and industrial sectors. This policy led to the domestic production to provide 75% of the food requirement and a GDP contribution of 7.5%. […]

ISIL ‘Failing,’ Defense Leaders Say after London Meeting

The Islamic State of Iraq and the Levant is failing, and the campaign to defeat the terror group in Iraq and Syria is on track, Defense Secretary Ash Carter and U.K. Defense Secretary Michael Fallon said in London today. The Islamic State of Iraq and the Levant is failing, and the campaign to defeat the […]