By John Lee. UK-based banking giant HSBC has said it is reviewing its operations in Iraq. Simon Cooper (pictured), chief executive for the Middle East and North Africa, told reporters in Dubai: "In terms of Iraq, it's a market that we will continue to review." According to a report from Reuters, he did not elaborate […]
By John Lee. Shares in Genel Energy opened 1.5 percent higher on Monday morning following the company's interim management statement for the period from 1 January 2013 to today. This statement is issued ahead of Genel Energy's Annual General Meeting, which is being held at 11.00am today at the Sofitel St James's, 6 Waterloo Place, […]
By John Lee. Just over 50 percent of eligible Iraqi voters participated in provincial elections on Saturday, well below the 72 percent turnout for the latest such elections, in 2009, according to Iraq's Independent High Electoral Commission (IHEC). The turnout in Baghdad was only 33 percent. According to the Wall Street Journal, the lower participation […]
The Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr. Martin Kobler (pictured), congratulates the Iraqi citizens on the peaceful conduct of the Provincial Council elections. He commended the work of the Independent High Electoral Commission (IHEC), for its high level of professionalism in conducting the first elections under its full responsibility, as […]
The U.S. Embassy in Baghdad warns U.S. citizens of continued incidents of violence in Iraq, following the February 9 terrorist attack at Camp Hurriya, which killed eight people. Attacks, similar to what occurred on February 9, may occur at any time. The U.S. government considers the potential threat to U.S. Government personnel throughout Iraq to […]
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Polls have closed in Iraq in the first elections since the US troop withdrawal. Iraqis were voting to elect members of provincial councils in 12 of the country's 18 provinces: (Source: Jewish […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqis vote in the country's first polls since US troops departed, a key test of its stability in the face of a spike in attacks that has claimed more than 100 lives: (Source: AFP)
Iranian Oil Minister, Rostam Qassemi [Qasemi] (pictured), has said that Iran is keen to expand oil cooperation with Iraq. Speaking on the sidelines of an oil conference in Tehran, he told reporters that cooperation in joint oil fields and exporting Iranian gas to Iraq are examples of the growing cooperation between the two countries, adding […]
Iraq's cabinet has approved a $1.05-billion contract with Greek power plant builder Metka, a subsidiary of the Mytilineos Group, for the construction of a combined cycle gas power plant in Anbar. According to Sky News Arabia, the station will have the capacity of 1,642 megawatts, and it is to be completed within 32 months. Reuters […]
The new al-Hayrat [Khayrat] power plant in Karbala was officially opened on Friday. At a ceremony to mark the event, Iraq’s Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, thanked the Turkish company Calik Energy for completing the project successfully and on time. Ahmet Calik (pictured), CEO of Calik Holdings, said: "Al Hayrat energy power […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq has been taking initiatives to help the families of the people who died or were wounded as a result of the acts of violence that have shaken the country since […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th April 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,754 / $1,897 (+3.0%) (weekly change). The number of week traded shares was 11.2bn and the weekly trading […]
