Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 23rd Feb 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ1092 (+1.9%) / $1112 (+2.7%) (weekly change) (+13.8% and +17.4% YTD change, respectively). The number of week traded […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Coalition military forces conducted 18 strikes consisting of 24 engagements […]
Iraqi forces, backed by coalition strikes, are making gains in efforts to liberate western Mosul from Islamic State of Iraq and Syria terrorists, Defense Department spokesman Navy Capt. Jeff Davis told reporters at the Pentagon on Friday. "The [Iraqis] have captured villages to the west of Mosul and they have penetrated the formal city limits […]
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq is working to regulate the activities of private security companies and rein in the chaotic circulation and use of weapons. On Feb. 21, a group of armed tribesmen […]
According to a report from Amnesty International, Iraqi government forces, paramilitary militias and the armed group Islamic State (IS) committed war crimes, other violations of international humanitarian law and gross human rights abuses in the internal armed conflict. IS fighters carried out execution-style killings targeting opponents and civilians fleeing IS-held territory, raped and otherwise tortured captives, […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Wednesday, 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 Coalition military forces conducted 24 strikes consisting of 32 […]
By John Lee. Russia's Lukoil and Japan's Inpex have successfully completed the testing of the first exploratory well, Eridu 1, at Block 10 in Basra governorate. The well recorded a daily flow rate of more than 1,000 cubic meters of sweet oil from Mishrif horizon, confirming geological expectations of a large hydrocarbon field presence within […]
By John Lee. Iraq's Ministry of Oil has announced the offering of a new investment refinery in Basra province. The facility at Fao [Faw] city will have a capacity of 300 thousand barrels/ day, and will be capable of being extended to produce the petrochemicals. (Source: Ministry of Oil)
By John Lee. Qatar-based Ooredoo has announced that its Iraqi unit Asiacell has maintained its No.1 revenue market share position, but its revenues have fallen 14 percent: In its FY 2016 Earnings Statement the company said: "Despite economic and political challenges in Iraq, Asiacell maintained its revenue and data market leadership. Asiacell successfully reactivated service […]
Gulf Keystone Petroleum (GKP), operator of the Shaikan Field in Iraqi Kurdistan, has said the Kurdistan Regional Government's Ministry of Natural Resources (MNR) is to begin exporting all Shaikan crude production via trucks to Turkey, from the end of February. Subsequently, no Shaikan crude will be injected into the Kirkuk-Ceyhan export pipeline at Fishkhabour, until […]
Iraqi forces are advancing into western Mosul and making steady gains in efforts to liberate the area from the Islamic State of Iraq and Syria, the spokesman for Combined Joint Task Force Operation Inherent Resolve said today. The ISIS-controlled area is "shrinking steadily with each passing day," Air Force Col. John Dorrian told Pentagon reporters […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces consolidate their positions after blasting their way to the southern edge of Mosul in an assault Baghdad and its partners hope will spell the doom of the jihadist "caliphate". Iraqi forces backed […]
