By John Lee. The United States is seeking permission from Iraq to place Patriot missiles in the country to defend against attacks from Iran. Secretary of Defense Mark Esper (pictured) said on Thursday: "We need the permission of the Iraqis, that's one issue. There may be others with regard to placement and things like that, […]
The Iraqi Economists Network (IEN) has just published a new report from our Expert Blogger Dr Amer K. Hirmis: Mudher M. Saleh’s testimony re: the appreciation of Iraqi Dinar in 2006-8, raises serious questions? The purpose of this note is to shed light, and comment, on two views expressed recently in relation to the appreciation […]
By John Lee. UK-based heavy lifting company ALE has been acquired by Dutch company Mammoet BV. ALE has worked on several major projects in Iraq, including Kerbala Refinery, and the oil fields at Majnoon, West Qurna 1 and 2, and Zubair. ING acted as financial advisor to Mammoet. (Sources: ALE, Mammoet)
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 30th January 2020). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD628 (+0.5%) / $668 (+0.8%) (weekly change) (-4.7% and -4.7% YTD change, respectively). The number of week traded […]
467 Iraqi demonstrators have been killed and more than 9,000 injured since the start of the anti-government protests in early October, the United Nations Assistance Mission for Iraq (UNAMI) has announced: With ongoing violence and rising casualties in the context of protests and ahead of further planned demonstrations, the Special Representative of the Secretary-General for […]
By John Lee. Bahrain-listed United Gulf Holding (UGH) has received approval from the Central Bank of Iraq (CBI) to buy a 51.8 percent stake in Bank of Baghdad. According to The National, the company will acquire the stake from Kuwait-based Burgan Bank. The stock-market announcement can be found here. (Sources: UGH, The National)
The Iraqi Children Foundation (ICF) has announce the promotion of Elizabeth (Liz) McRae to serve in the top staff leadership position as Executive Director. McRae’s promotion to Executive Director from Associate Director follows a record year for ICF during which significant gains were made in life-changing legal, social, and educational services for Iraq’s most vulnerable […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Many of Iraq's protesters have been driven by worries about the economy and high unemployment levels. But months of demonstrations, along with a weak government, have pushed an already struggling economy to the […]
NATO supports continued development of Iraq’s defence education institutions On 12-14 January 2020, a delegation from Iraq’s National Defence College visited Ukraine’s National Defence University in Kyiv. The visit was conducted within the framework of the NATO Defence Education Enhancement Programme (DEEP). This programme supports the NATO Mission Iraq’s commitment and efforts towards the further […]
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. This article was originally published by the LSE Middle East Centre. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Demands for the expulsion of US troops following the killing of Iranian general Qassem […]
IBBC hold Council Meeting, Sector roundtables, Reception & Dinner for Members on 28 and 29 January The Iraq Britain Business Council (IBBC) held its Council Meeting, Dinner & Reception for IBBC Members and distinguished guests on 28 January. The Council Meeting, hosted by Baroness Nicholson of Winterbourne, President of IBBC and the Prime Minister’s Trade […]
By John Lee. The Iraqi Cabinet has approved a recommendation from Ministerial Council on Social Services to award the contract for phase II of the Samarra Sewerage Project. The contract has been awarded to two companies at a total cost of 31,530,406,000 dinars ($26.5 million). (Source: Iraqi Govt)
