By Dr Renad Mansour and Dr Benedict Robin-D'Cruz, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Sadrist movement in Iraq The populist Iraqi cleric Muqtada al-Sadr, who led the Shia Islamist Sadrist bloc to a shock victory in the October […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd October 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD901 (-2.1%) / $795 (-2.1%) (weekly change) (-1.9% and -1.2% YTD change, respectively). The weekly trading volume was […]
Shares in Genel Energy were trading as much as 6 percent higher this morning following a trading and operations update in respect of the third quarter and first nine months of 2022. Paul Weir (pictured), Chief Executive of Genel, said: "I am pleased that we remain on track to generate around $250 million of free […]
DNO ASA, the Norwegian oil and gas operator, today reported third quarter operating profit of USD 191 million on revenues of USD 339 million driven by strong production at the flagship Kurdistan Tawke license and continued high oil and gas prices. In Kurdistan, gross operated production totaled 109,100 barrels of oil per day (bopd) in […]
By John Lee. The Committee to Protect Journalists (CPJ) has ranked Iraq fifth worst in the world in this year's s Global Impunity Index. The index spotlights countries where members of the press are murdered in retaliation for their reporting and the perpetrators go free, calculating the number of unsolved journalist murders as a percentage […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Sudani removes head of Iraqi intelligence, other officials The Iraqi Council of Ministers announced on Wednesday that all appointments and decrees issued by the previous government during its caretaker […]
By John Lee. The Bank of Jordan has announced its first branch in Baghdad. Mr. Shaker Fakhouri, Chairman of the Board, said: "Our decision to establish a branch in Iraq serves to boost our regional presence and exemplifies the strategy adopted by the Bank; namely expanding its business operations in the region, where markets are […]
By John Lee. The Central Bank of Iraq (CBI) is reported to have taken custody over the North Bank for Finance. A Director of the CBI, Majid Al-Suri, told the Organized Crime and Corruption Reporting Project (OCCRP) that the custodianship was a "corrective measure" as a "a result of irregularities and instability in the bank's […]
By John Lee. Qatar-based cloud, connectivity and content enabler Gulf Bridge International (GBI) has reportedly updated the 'North Route' of its subsea cable meshed smart network, connecting the Gulf to Europe through Iraq. According to Zawya, this improves route diversification and enhances the resilience of internet connectivity to and from the region. It says it […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for October of 104,831,120 barrels, giving an average for the month of 3.382 million barrels per day (bpd), up from the 3.292 million bpd exported in September. The exports from the oilfields in central and southern Iraq amounted to approximately 102,070,427 barrels, while […]
By Nour H. Ayoub for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's new government outlines priorities Iraqi Prime Minister Mohammed Shia al-Sudani faces multiple challenges and constituencies to move his agenda. Click here to read the full article.
By John Lee. The Abu Dhabi Exports Office (ADEX) has reportedly signed a line-of-credit agreement worth AED36.7 million (US$10 million) with the National Bank of Iraq (NBI). According to WAM, the financing agreement was signed virtually by Khalil Al Mansouri, Acting Director-General of ADEX, and Ayman Abu Dhaim, CEO of the National Bank of Iraq. […]
