Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th October 2014). Note: ISX announced that they will suspend the trading sessions for one week to transfer the data and complete the preparations to switch from Horizon to X-Stream trading system. The last trading session using the Horizon system was on October […]
By John Lee. Iraqi Oil Minister Adel Abdul-Mahdi [Adil Abd al-Mahdi] has called on German companies to contribute to the development of the oil industry in Iraq. At a meeting with the German ambassador to Iraq, Eghard Boroza, Mahdi praised the position of the government and the German people to support the aspirations of Iraq. […]
KRG officials call upon the international community to help abducted Kurdish Yezidi women KRG officials seek international mobilization to consider the case of women abducted by ISIS terrorists. Following severe terrorists attacks against Kurdish Yezidi towns and villages in late July and early August, a large number of women and underage girls were abducted. According […]
From Amnesty International. Shi’a militias, supported and armed by the government of Iraq, have abducted and killed scores of Sunni civilians in recent months and enjoy total impunity for these war crimes, said Amnesty International in a new briefing published today. Absolute Impunity: Militia Rule in Iraq provides harrowing details of sectarian attacks carried out […]
By John Lee. ShaMaran has announced that it will launch a CAD 75 million equity rights offering to its shareholders that is supported by a comprehensive equity support arrangement from major shareholders, Lorito Holdings, Zebra Holdings and Investments, and Lundin Petroleum B.V. (the 'Standby Purchasers'). The proceeds of this financing will augment the funding required […]
By John Lee. Lukoil President Vagit Alekperov has said that his company has invested $6 billion dollars so far on operations in Iraq. At a meeting with Iraqi Oil Minister Adel Abdul-Mahdi [Adil Abd al-Mahdi] in Baghdad, Alekperov said: "Lukoil is now working on geological exploration projects with other foreign companies in the 10th exploratory area […]
By Shukur Khilkhal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In a rare scene, thousands of books and CDs were lined up in Abu Nawas park overlooking the Tigris River in Baghdad. People gathered there, as they read and picked any book they desired for […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. ISIL is taking over many crucial roads in Iraq. But people continue to shuffle between the Kurdish region and the capital Baghdad - not knowing if their journey could be their last. Al […]
Press Release from the Embassy of the United States: Just days after we saw the best of humanity when Malala Yousafzai and Kailash Satyarthi were awarded the Nobel Peace Prize, we again confront the worst of inhumanity in ISIL. No one needed a reminder of ISIL’s depravity and evil. But now we have the latest […]
By Vager Saadullah for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iranian Peshmerga Chief: Iran set Ambushes for us The head of the Iranian peshmerga said his forces acted in self-defense during rare clashes with Iranian forces on Sept. 13, which resulted in deaths on […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks took part in its currency auction on Thursday. A total of $189,284,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
If Iraq didn't face enough challenges already, the slump in the price of crude oil is another unwelcome development for the new Abadi government to deal with. At a current price of $81.78, the benchmark West Texas Intermediate (WTI) crude is down nearly 25 percent from its June high, driven in part by a strong […]
