Rabee Securites has issued the following biography of Iraq's new Prime Minister, Haider al-Abadi [Haydar al-Abbadi]: CV of Haider Jwad El-Abadi, the New Prime Minister: H. E. El-Abadi was born in Baghdad, in 1952. He is married and has three children. His father was Dr. Jwad El-Abadi. He was a doctor and the management director […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th August 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,452 (+8.4%)/ $1,549 (+8.4%) (weekly change) (-22.1% and -22.0% YTD change, respectively). The number of week traded shares […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Prime Minister Nouri al Maliki has agreed to step down at a time of national crisis and deep division.
By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks took part in its currency auction on Sunday. A total of $240,785,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Shell has had discussions with Iraqi Ports Administration regarding the possibility of acquiring a piece of land at the Umm Qasr terminal to build a pier and petrochemical factory. According to Aswat Al Iraq, talks between the two sides were held to discuss the project which shall be administered by the company […]
By Ali Hashem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The 48 hours preceding the Aug. 11 appointment of Haider al-Abadi as Iraq’s prime minister-designate were decisive. Efforts to convince a defiant Prime Minister Nouri al-Maliki to resign were at their peak, […]
By John Lee. According to a report from Reuters, Islamic State (IS, ISIS, ISIL) militants fighting in Iraq are selling oil from oilfields and refineries they control to local communities and smugglers, augmenting their existing ample finances. It is understood that at least some of the oil is used to fuel a power plant they […]
By Patrick M Schmidt. In an interview with BBC, Masrour Barzani (pictured), the Head of the Kurdish Security Council, has requested that the international community supply Kurdish security forces with heavy weaponry. Barzani once again emphasized that there was no need for foreign military intervention with ground troops. “We need more modern weaponry. We need […]
By Patrick M Schmidt. Kurdish security forces have announced that a military airport will open in Erbil that will be the receiving point for international military assistance to the regional government. Iraqi, Kurdish and American forces will jointly operate the airbase. While the Kurdish security forces have already received weapons from the United States, they […]
By Patrick M. Schmidt. In statements made to the Financial Times, Turkish officials have encouraged the United States to allow American businesses to import Kurdish oil. They argued that the United States should support the Kurdish Regional Government (KRG) economically as Islamic State of Iraq and the Levant (ISIL, ISIS) has been able to directly […]
By Laith Hammoudi. This article was originally published by the Institute for War and Peace Reporting, iwpr.net, and it is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News Nuri al-Malik, prime minister of Iraq for the last […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Nouri al-Maliki has in a television address announced his decision to step down as Iraq's prime minister and endorsed Haider al-Abadi as his successor. He said his decision was aimed at preserving the […]
