Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th April 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD947 (-0.7%) / $825 (-0.7%) (weekly change) (+30.5% and +24.4% YTD change, respectively). The number of week traded […]
By John Lee. Mobile phone service Asiacell has reported a sharp drop in revenue, when expressed in Qatari riyals, as a result of the devaluation of the Iraqi dinar. In its results for the three-month period ended 31 March 2021, parent company Ooredoo said: "The Iraqi economy was impacted by weakening purchasing power following the […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Demise of ExxonMobil in the Iraqi Petroleum Sector A recent announcement by the Ministry of Oil (MoO) confirms months of speculation regarding ExxonMobil exiting one of the world's super-giant oilfields, i.e. […]
By John Lee. The Iraqi Cabinet has approved the construction of the new railway between Basra and Shalamcheh [Shalamijah, Shalamjah], on the Iranian border. The line forms the Iraqi leg of the rail link between Basra and the Iranian city of Khoramshahr. According to previous information from the Iranian Tasnim news agency, the $150-million project […]
From the Iraq Britain Business Council (IBBC): With four participants including Padraig O'Hannelly from Iraq Business News (IBN) who provides an overview of what's been happening in Iraq especially the price of oil and the benefit of simpler visa system: Wajdi AbouIzzeddine, Director of Operations (Iraq) of the DAR Group Amar Raouf, Director of Development […]
By John Lee. The Iraq Civil Aviation Authority (ICAA) has reportedly suspended all direct flights from and to India, due to concerns over COVID-19 (coronavirus). Shafaq reports that the Indian variant of the disease has been found in Dhi Qar province. (Sources: Bas News, Shafaq)
Iraq Britain Business Council (IBBC) seminar to launch Professor Frank Gunter's publication on Corruption in Iraq: Corruption Worse Than ISIS: Causes and Cures for Iraqi Corruption In a well-attended online seminar, with leading International and Iraqi businesses, Embassy officials and media, Professor Frank Gunter outlined some of the key points in his paper on Corruption in […]
By Diyari Salih, for Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why is the Biden administration Optimistic about Iraq? Earlier this month, the United States and Iraq engaged in a third round of their "strategic dialogue." Topics of discussion included energy, […]
By John Lee. An Australian engineer and his Egyptian manager have reportedly been held without charge, and in solitary confinement, in Iraq for the past three weeks. Robert Pether, who lives in Ireland, is said to have been called to Iraq to discuss a dispute between his employer, UAE-based EKO Engineering Arabia, and the company's […]
Dana Gas and its partner Crescent Petroleum have announced the full resumption of the expansion project at the Khor Mor field in the Kurdistan Region of Iraq (KRI), which the companies jointly operate on behalf of the Pearl Petroleum consortium. The KM250 expansion involves further investment of US$600 million to add 250 million cubic feet […]
KAPITA launches a new co-working space in Baghdad dedicated to supporting Iraqi entrepreneurs KAPITA, in partnership with Iraqi Angel Investor Jafar Musawi (CEO of Atlas Plast), have opened up a new co-working space in Baghdad that aims to support the growing entrepreneurship and small business sector in Iraq. The newly opened space 'CoWork', is a […]
By John Lee. Flights are reportedly resuming between Iraq and Belarus, following a suspension due to COVID-19. According to Shafaq, Iraqi Airways will operate one flight per week between Baghdad and Minsk. Meanwhile, Belta reports that Fly Baghdad will serve the same route on Mondays and Thursdays. (Sources: Belta, Shafaq)
