Iraqi Stock Market up 12% in 2 Weeks
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th Jan 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ1072 (+7.1%) / $1062 (+7.1%) (weekly change) (+11.7% and +12.2% YTD change, respectively). The number of week traded […]
Crescent Petroleum hopes to Expand in Iraq
By John Lee. Sharjah-based Crescent Petroleum plans to expand further in Iraq, according to a report from The National. The newspaper quotes chief executive Majid Jafar (pictured) as saying: "What we see in the region is the potential is much higher than what we’ve achieved so far." In Iraq, the company is said to be […]
S Korea keen to Improve Ties with Iraq
By John Lee. South Korea's Acting President and Prime Minister has asked for Iraq's cooperation in bolstering economic cooperation. During a meeting with Iraq's Foreign Minister Ibrahim Al-Jaafari in Seoul on Monday, Hwang Kyo-ahn (pictured) said: "The two countries have developed their cooperative ties based on a long history of cooperation and a mutually complementary […]
Video: Iraq Forces retake Mosul University
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces retook Mosul's university from the Islamic State jihadist group, the latest key advance in efforts to recapture the eastern side of the city, officers said.
Strikes Hit ISIL Terrorists in Syria, Iraq
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq Sunday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber and fighter […]
Currency Auction Results, 16th Jan
By John Lee. The Central Bank of Iraq (CBI) has reported that 31 banks and 16 remittance companies took part in its currency auction on Monday. A total of $159,104,757 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Lebanese Banks to help Finance Iraq Reconstruction
By John Lee. The head of the Association of Banks in Lebanon (ABL) has said that Lebanese banks are willing to help finance the reconstruction drive in Iraq. Joseph Torbey told a banking forum in Beirut that with assets of close to $200 billion, his members were "capable and ready to be a partner in […]
Iraq the "Biggest Threat to the OPEC Deal"
By John Lee. According to a report from Markets Insider, the biggest challenge to the recently-announced OPEC oil production cuts is Iraq. Under the agreement, Iraq has committed to cut production by 210,000 barrels per day. "That sounds simple in theory," writes Michael McDonald, "just switch off a few pumps. In reality it’s much more […]
Int'l Interests vie for Control of Iraq-Syria Border
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. International Interests Line Up To Take Control Of Iraq-Syria Border As the fight against the extremist group known as the Islamic State continues to succeed, albeit at a slower pace […]
How their Enemies get by with Killing Iraqi Journalists
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. How their enemies get by with killing Iraqi journalists Abdul Qader al-Qaisi has become Iraq's first slain journalist in 2017. He was kidnapped Jan. 1, and security forces found his […]
Plans to Ease Trade between Iraq and Jordan
By John Lee. Jordanian Prime Minister Hani Mulki met with his his Iraqi counterpart Haidar Al Abadi this week, and agreed to reopen the border crossing at Treibil. The move will facilitate the movement of Jordanian merchandise, mainly farm produce, into Iraq and reduce transport and other costs on Jordanian exporters. A committee will also […]
Iraq Duty Free wins Ten-Year Contract Extension
By John Lee. Iraq Duty Free has reportedly had its exclusive duty free contract at Baghdad and Basra airports extended by ten years to 4th March 2029. According to The Moodie Davitt Report, the contract was awarded by the Iraqi Civil Aviation Authority (ICAA) and Ministry of Transport to Iraq Duty Free’s parent company Financial […]