Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th Nov 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD766 (+0.2%) / $786 (+0.4%) (weekly change) (-20.2% and -17.0% YTD change, respectively). The number of week traded […]
By Shelly Kittleson for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Key Iraqi border town retaken amid regional power plays Iraqi Prime Minister Haider al-Abadi raised the Iraqi flag Nov. 5 after climbing a sandy berm from which Islamic State […]
By Mahmut Bozarslan for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Tensions were already high last week between Iraq's central government in Baghdad and the Kurdistan Regional Government (KRG) in Erbil. The stress spiked Oct. 31 near the Iraq-Turkey border when sirens began wailing and […]
The United Nations World Food Programme (WFP) welcomed a contribution of US$1.5 million from the Republic of Korea that will provide food assistance for some 30,000 vulnerable Syrian refugees in the Kurdistan Region of Iraq for two months. Song Woong-Yeob (pictured), Ambassador of the Republic of Korea to Iraq, said: “In the aftermath of conflict, […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The economy in the Kurdish region of Iraq has taken a hit after the referendum on secession. The central government in Baghdad has closed international airspace, tourists are staying away, and there’s been […]
UN report on liberation of Mosul: ISIL members should face “international crimes” charges A UN report concludes that the so-called Islamic State of Iraq and the Levant (ISIL/Daesh) perpetrated serious and systematic violations that amount to “international crimes” during the nine-month military campaign to liberate Mosul City in Iraq. The report, published on Thursday by […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Millions of Shiite pilgrims travelled to Iraq's shrine city of Karbala for the Arbaeen commemoration Thursday of Imam Hussein's killing in battle:
The U.S. Consul General, Timmy Davis, and the U.S. Agency for International Development (USAID) Deputy Mission Director, Dr. William Patterson, met with Basrah Governor, Asaad al-Idani, the Acting Provincial Council Chairman, Waled Ghaitan, and other provincial council members on November 6. The purpose of the meeting was to introduce the new USAID Iraq Governance Performance […]
By John Lee. Tourism in Iraqi Kurdistan has reportedly been hard hit following Baghdad imposed punitive measures on the Kurdistan Region following the independence referendum. Many restaurants and guesthouses in Erbil have had to lay off employees after international flights were banned and the borders temporarily closed. According to Rudaw, the Kurdistan Regional Government (KRG) […]
DNO ASA, the Norwegian oil and gas operator, today announced flow rates of more than 3,000 barrels of oil per day (bopd) from the first zone tested in the Peshkabir-3 well in the Kurdistan region of Iraq. Nine other oil zones and one gas zone have been identified for testing in a 1.2 kilometer horizontal […]
By John Lee. Rudaw reports that the Central Bank of Iraq (CBI) has called on all Iraqi banks to halt their operations in the Kurdistan Region indefinitely. It says that any bank that disobeys will no longer receive foreign currency transfers from the central bank. Banks have reportedly been given one week to inform Iraq’s […]
By John Lee. The CWC Kurdistan-Iraq Oil and Gas conference, planned for London in December, has been postponed. The Kurdistan Regional Government (KRG) cited "the current logistical and other circumstances affecting the Kurdistan Region" for their request to reschedule the conference. CWC has said that new dates and venue will be announced shortly. (Sources: KRG, […]
