When Iraqis arrive to vote in Governorate Council Elections on 20 April, they will receive ballot papers that list coalitions and political entities by name, by symbol, and by number. In this way, voters will have three different options to identify their choice of candidate. This 3-way identification system is a common practice in many […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th January 2013). Please click here to download a table of listed companies and their associated ticker codes. ID1,623 / $1,755 (+0.5%) (weekly change). The number of week traded shares was 19.0bn and the weekly trading volume was ID33.7bn ($28.1mn). ISX Company […]
Iraq's State Oil Marketing Organization (SOMO) has issued a statement suggesting it will take legal action against companies exporting crude oil without dealing with the central government, including the confiscation of cargoes and the filing of lawsuits against sellers, buyers and transporters. The statement reads as follows: "In accordance with the provisions of Laws No. […]
By John Lee. Oil exports from Iraq's southern Basra terminals were restored to 2.35 million barrels on Saturday bad weather on Friday, according to a report from The National. Output was said to have fallen to just 1.32 million barrels on Friday. Exports from Basra's offshore terminals, Iraq's main oil hub, tend to fluctuate because […]
By John Lee. Peter Besley, director at London-based architecture practice Assemblage, has told Architects' Journal that despite winning the competition to design the £620-million Iraqi Parliament complex, there was still confusion as to who would actually be awarded the contract. The company feared losing the project to the firm run by Baghdad-born Zaha Hadid; a […]
Iraq has seen three weeks of mass protests against the government of Prime Minister Nouri Al-Maliki. The Shia dominated government is accused of using anti-terrorism laws to target the country's Sunni minority. Tens of thousands of people have taken to the streets to protest in numerous cities, including ramadi, Samara and Mosul. Omar Al Saleh […]
By John Lee. Foreign Minister Hoshyar Zebari has received a copy of the credentials of the newly appointed Non-Resident Ambassador of Bosnia and Herzegovina, Darko Zelenka. During the ceremonies, Minister Zebari welcomed the Ambassador and stressed the Iraqi government's keenness on developing and relations and the Foreign Ministry's readiness to provide the needed support for […]
A Middle East expert says similar to the situation in Syria, there are a number of countries that are fueling the tension in Iraq which is very dangerous for the country. Iraqi Prime Minister Nouri al-Maliki has warned anti-government protesters that security forces could intervene to end illegal demonstrations across the country. Iraq has been […]
By John Lee. Iraq said on Wednesday that it is ready to host the 2015 Gulf Cup of Nations, with new facilities almost ready for the first football tournament to be held in the country since the US-led invasion in 2003. The 2013 tournament, currently being held in Manama, was originally scheduled to take place […]
By John Lee. A member of parliament belonging to the Sadr Trend party has called for the abolition of the National Investment Commission (NIC). Abdul Hussein Risan al-Husseini, of Ahrar bloc of Sadr Trend, told All Iraqi News Agency (AIN): "The Commission is useless and some Ministers and officials admitted its failure to perform. "There […]
By John Lee. Prime Minister Nouri Al-Maliki has said that some financial corruption is politically motivated, and some is exaggerated by the media. During the 6th Annual Integrity Commission Conference, the Prime Minister said that the fight against corruption should not be part of political wrangling, because it gives corrupt people a chance to escape […]
From AlJazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Many Syrians are also seeking refuge in Iraq. About a thousand refugees cross into the country's Kurdish region every day through official border crossings. But many more are using dangerous routes to transport essential […]
