Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st March 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,675 / $1,812 (+1.0%) (weekly change). The number of week traded shares was 19.4bn and the weekly trading […]
Author Archive | Editor
WesternZagros Announces Final Results
WesternZagros Resources today announced its operating and financial results for the year end ended December 31, 2012, and additional key highlights and activities to date. With tremendous exploration success and solid operational execution in 2012, WesternZagros moved well ahead on its mission to be recognized as one of the leading junior oil and gas companies […]
New Iraqi Budget Deepens Housing Crisis
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. The strenuous efforts exerted to handle the housing crisis were quickly rendered useless when the ratified 2013 general budget did away with the allocations for the housing fund, which was to […]
Hotel Chain has Big Plans for Iraq
By John Lee. Abu Dhabi's Cristal Group, which plans to open its first Baghdad hotel, the Cristal Grand Ishtar, at the start of May, says it wants to expand beyond Baghdad to Erbil, Karbala, Basra and Suleimanya in the next two years. Referring to Baghdad and most of the country outside the Kurdistan region, Peter […]
Egypt Lends 30 Pilots to Iraq
By John Lee. Egypt Air is to send 20 engineers to work on the maintenance of the Iraqi Airways fleet at the Egypt Air Station in Baghdad, according to a report from NINA. The Regional Director of the Iraqi Airways in Egypt and North Africa, Qayser Ahmed Oqleh, added that Egypt Air would lend 30 […]
Minister of Communications meets Chinese Telcos
By John Lee. The Acting Minister of Communications, Torhan al-Mufti [Torhan Mudher Hassan AL-Mufti] (pictured), has held a meeting with representatives of the Chinese companies Huawei and ZTE. According to a report from AIN, they discussed cooperation between Iraq and the Chinese companies. The Director General of the General Company of Communication and Post, Salih […]
Baghdad's Palestine Hotel gets Makeover
By John Lee. Baghdad's Palestine Hotel, famous for housing foreign journalists during the US-led invasion of Iraq, has since undergone a makeover. Hotel manager Fadhel Salman Hassan told AFP: "We are a five-star establishment ... We have 405 rooms, three bars [and] by order of the minister of electricity, the power never cuts." The hotel […]
NIC holds Iraqi-Singapore Investment Forum
By John Lee. Iraq's National Investment Commission (NIC) recently held the Iraqi-Singapore Business and Investment Forum in Baghdad, in order to brief the Singapore delegation on investment opportunities in Iraq, as well as to promote economic and commercial exchange between the two countries. Deputy Prime Minister for Economic Reform, Dr. Rowsch Shaways, confirmed in his opening […]
Weekly Security Update
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW This brief covers an extended reporting period from 11 – 20 March in order to coincide with the anniversary of the Iraqi invasion and a week which has seen heightened levels of violence, especially in Baghdad and surrounding provinces, but also notably in Basra. In line with […]
Contractors Get $138bn from Iraq War
By John Lee. Research by the Financial Times shows that the top 10 American and foreign contractors in Iraq have secured business worth at least $72 billion between them, with the total for all contractors coming in at $138 billion. Top of the list is KBR (formerly Kellogg Brown and Root), which was once run […]
Tags: 'Your Country' - United States, Agility, KBR, Kuwait, Kuwait Petroleum Corporation, SIGIR, Special Inspector General for Iraq Reconstruction
Video: Iraqi Marshlands Restored by Nature
From Reuters. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Drained by Iraqi dictator Saddam Hussein in the 1990s, Iraq's southern marshlands are undergoing a remarkable transformation. Saddam's attempt to destroy the wetlands came in response to an uprising by Marsh Arabs after the […]
Tags: marshes
LUKoil Continues Social Program in Iraq
LUKOIL has begun supplying computers and other equipment for schools of Madeina and Izzaldin-Salim municipalities under the social program of West Qurna-2 project. The program aims at developing facilities of educational, medical and sports institutions in the districts bordering on the contract area. This work is based on agreements concluded with the administrations of Madeina, […]