Author Archive | Editor

Iraq Improves in Prosperity Index

By John Lee. Iraq has risen five places in this year's Legatum Institute Prosperity Index, ranking in 123rd place out of the 142 countries measured. The index ranks countries in eight categories including economic success, opportunity, health, and personal freedom. Norway finishes highest on the annual Prosperity Index for the seventh year in a row, […]

Ahmed Chalabi Dies, Aged 71

By John Lee. The prominent Iraqi politician Ahmed Chalabi has died at the age of 71. Chalabi, who played a significant role in persuading the United States and its allies to topple Saddam Hussein in 2003, died of a heart attack at his Baghdad home on Tuesday. Having previously served as Deputy Prime Minister, Chalabi […]

Parliament Curbs Prime Minister's Power

By John Lee. The Iraqi parliament voted unanimously on Monday to prevent the government from passing important reforms without its approval, according to a report from Reuters. The chamber acted after Prime Minister Haider al-Abadi (pictured) unilaterally enacted reforms in August that it considered to be in violation of the constitution, including his dismissal of […]

Military Airstrikes Target ISIL Terrorists in Syria, Iraq

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

Currency Auction Results, 3rd Nov

By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 19 remittance companies took part in its currency auction on Tuesday. A total of $186,696,818 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

October Oil Exports Fall

By John Lee. The Iraq Oil Ministry has announced crude oil export figures for October showing an average of 2.7 million barrels per day (bpd), a drop of 11.53 percent on September’s 3.052 million bpd. The poor performance was blamed on poor weather in the Gulf, and a stoppage of shipments from Northern Iraq to […]

Lebanese Industry Minister visits Iraq

By John Lee. Prime Minister Dr. Haider Al-Abadi received in his office on Saturday the Lebanese Industry Minister Mr. Hussein Hajj Hassan and his accompanying delegation. During the meeting they discussed strengthening bilateral relations in the industrial field between the two countries and investment in Iraq and overcoming the obstacles facing Lebanese businessmen. Dr. Al-Abadi […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th Oct 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,082 / $1,133 (-2.2%) (weekly change) (-22.3% and -23.5% YTD change, respectively). The number of week traded shares […]

YOU are the Hope for Vulnerable Iraqi Children

YOU are the hope for some of the world's most vulnerable children From our friends Ali Allawi and Shirin Rahimi, a special invitation for November 11: "Join us at the Hope For Humanity Fundraiser event benefiting the refugee crisis for an evening with internationally renowned music composer and player Ramy Adly, on November 11, 2015, 6:30 […]

World Leaders Condemn Attack on Refugee Camp

By John Lee. The United Nations Secretary-General has condemned the attack last week on Camp Hurriya (Camp Liberty), near the Baghdad International Airport, which left at least 26 residents dead and many more wounded. The attack reportedly also caused casualties among the Iraqi Security Forces in the vicinity of the Camp. The Secretary-General called on […]

Airstrikes Continue Against ISIL Targets in Syria, Iraq

U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported in releases at the weekend. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria […]