Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th May 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,842 (-0.7%)/ $1,957 (-0.7%) (weekly change). The number of week traded shares was 21.1bn and the weekly trading […]
The US State Department has made a determination approving a possible Foreign Military Sale to Iraq for M1151A1 Up-Armored High Mobility Multi-Purpose Wheeled Vehicles (HMMWVs) and associated equipment, parts, training and logistical support for an estimated cost of $101 million. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale […]
By John Lee. Genel Energy has announced that it has completed its issue of $500 million of 7.5% senior unsecured bonds due 2019. Also, ShaMaran Petroleum has announced the listing on Oslo Børs of the USD 150 million senior secured bond issued by its wholly owned subsidiary, General Exploration Partners, Inc. The bonds carry a […]
By John Lee. In its Preliminary Results Announcement on Friday, Petroceltic International has issued the following update on its operations in Iraqi Kurdistan: Kurdistan - material prospects in a dynamic region Petroceltic has been active in Kurdistan since 2011 and has worked closely with the operator, Hess, to undertake a comprehensive survey and analysis and […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The political map of the Sunni forces after the April parliamentary elections seems, at first glance, like an extension of the map before the election, in terms of the weight and influence of the forces. […]
By John Lee. A newly-opened Canadian trade mission in Erbil suggests that Kurdistan is seen as a land of opportunities for Canadian firms, reports Rudaw. After 25 years of absence, Canada opened a diplomatic mission in Baghdad in April 2013, and a new trade office in Erbil last February. Lynne Yelich (pictured), Canada’s Minister of […]
Fugro has been awarded a contract for one year, plus a year extension option, by Basra Gas Company (BGC) for the provision of Geotechnical Investigations and Topographic Services in the Basrah province of Southern Iraq. Fugro will provide geotechnical and topographical survey investigation services at various locations throughout the project area to support a number […]
By John Lee. Mobile operator Zain has hired Melak Investments and Rabee Securities as the leading adviser and broker to lead the initial public offering (IPO) of its shares. According to a report from The National, Melak Investments is run by the Iraq-born former Franklin Templeton asset manager Shwan Taha, who also founded Rabee Securities. Last […]
By John Lee. The State Department has made a determination approving a possible Foreign Military Sale to Iraq for Aerostats and Rapid Aerostat Initial Deployment tower systems and associated equipment, parts, training and logistical support for an estimated cost of $90 million. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this […]
By Harith Hasan for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A video of Mahmoud al-Hassan, an Iraqi member of parliament (MP) from the State of Law Coalition, talking to a group of farmers in the province of Diwaniyah has circulated in […]
By John Lee. The US State Department has made a determination approving a possible Foreign Military Sale to Iraq for AT-6C Texan II aircraft (similar to the Moroccan Air Force plane pictured) and associated equipment, parts, training and logistical support for an estimated cost of $790 million. The Defense Security Cooperation Agency (DSCA) delivered the […]
By John Lee. Korean company LS Industrial Systems (LSIS) said on Wednesday that it has signed a $52 million deal with the Iraqi government to supply its patented advanced metering infrastructure (AMI) solutions. The company will supply 110,000 smart meters that track energy consumption at power transmission centers in Iraq. The transmission centers will then share […]
