Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th Febuary 2020). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD588 (-4.0%) / $625 (-4.0%) (weekly change) (-10.8% and -10.8% YTD change, respectively). The number of week traded […]
Prime Power Middle East (PPME), a wholly owned subsidiary of Prime Metro Power Holdings Corporation, has commenced operation of its power plant in Umm Qasr, Basra. The power plant started its commercial operation last Sunday, 09 February 2020, and is designed to deliver base load of 24/7 power to the Umm Qasr Ports Authority Zone. […]
By Dr Renad Mansour, for the Royal Institute for International Affairs (Chatham House). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. After Latest Turn, is Muqtada al-Sadr Losing Influence in Iraq? The populist cleric has repositioned himself in Iraqi politics multiple times, but his recent […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Who are Sadr's Blue Hats in Iraq and what side are they on? In the face of harsh criticism from religious authorities and the Iraqi public, cleric Muqtada […]
By John Lee. Mobile telecommunications company Zain has reported that its Iraqi revenue was stable at USD 1.1 billion last year, despite a competitive landscape and economic and political issues in Zain stronghold regions. Announcing its results for 2019, the company said: "[Zain Iraq] EBITDA grew strongly by 10% Y-o-Y amounting to USD 465 million […]
KRG Prime Minister Masrour Barzani chaired a cabinet meeting on Wednesday to discuss the implementation of the KRG’s ambitious Reform Law. The meeting of cabinet ministers was attended by the heads of the Financial Monitoring Diwan and Commission of Integrity in Kurdistan, as well as the President of Public Prosecutions. Prime Minister Barzani emphasised the […]
NATO Secretary General Jens Stoltenberg announced on Wednesday (12 February 2020) that Allied ministers had reaffirmed their support to Iraq and agreed in principle to enhance NATOs training mission. In the first instance, this will consist of taking on some of the Global Coalition’s current training activities. Ministers also agreed to explore what more could […]
By John Lee. Investment by Russian oil and gas companies in Iraq may increase three-fold, according to a report by Tass. It quotes Russian politician Yury Fedorov [Nikolay Vasilyevich Fyodorov] as telling the Iraqi Ambassador to Russia, Abdul-Rahman Al-Husseini, that the total investment in Iraq by companies such as Lukoil, Bashneft and Gazprom Neft has […]
By Bryant Harris for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq likely to continue importing Iranian natural gas under US waiver renewal Iraqi officials have indicated that the United States is likely to renew a key Iran sanctions waiver […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Will Iraq's new PM pass on forming government? Iraq's newly appointed prime minister Mohammed Tawfiq Allawi has a difficult task ahead as he seeks to form a new government. He […]
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Mosul Sugar Factory, State Company for Food Products Mortar guns, State Company for Military Industries Technology Transfer for manufacturing small arms, State Company for Military Industries Technology Transfer for manufacturing propellant charge, State Company for Military Industries Technology Transfer for manufacturing […]
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's outgoing government keeps mum on China pact Iraq's pro-government Shiite blocs are alleging an economic agreement signed between outgoing Prime Minister Adel Abdul Mahdi and China in September […]
