Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st Apr 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD798 (-2.1%) / $797 (-2.5%) (weekly change) (-26.8% and -30.4% YTD change, respectively). The number of week traded […]
Qatar Donates $10m Urgent Relief Aid to Iraq
Due to the circumstances experienced by the brotherly Iraqi people and the blockade from which many Iraqi cities are suffering, HH the Emir Sheikh Tamim bin Hamad Al-Thani has instructed the provision of with $ 10 million to the brotherly Iraqi people. The Foreign Ministry stressed, in a statement issued on Sunday, that the humanitarian […]
Strikes Continue Against ISIL in Syria, Iraq
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack aircraft conducted four […]
Iraqi Families Sell Organs to Overcome Poverty
By John Lee. According to a report from BBC, Iraqi gangs are offering up to $10,000 for a kidney, and have been increasingly targeted the country's poor. Almost a quarter of the country’s population live in abject poverty, and some destitute families are actively seeking out organ traders. Firas al-Bayati, a human rights lawyer, said: […]
Currency Auction Results, 24th Apr
By John Lee. The Central Bank of Iraq (CBI) has reported that 28 banks and 21 remittance companies took part in its currency auction on Sunday. A total of $110,637,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
A Case for Cash
By Mark DeWeaver. Nowadays one reads with increasing frequency that high-denomination bank notes should be eliminated. (Take this NY Times editorial as just one example.) Hundred dollar and five-hundred euro bills, it seems, are for cocaine cowboys and terrorists. Honest people use credit cards and checks or maybe their mobile phones. Some commentators even look […]
Iraq and Iran Discuss Cross Border Fields Plan
By Simon Kent. Iraq's Deputy Oil Minister Fayadh Nema, who is currently acting Oil Minister until Abadi's new cabinet is finalized, has recently announced a trip to Tehran to discuss cross border oil fields. Once a controversial topic between Tehran and Baghdad, Iraq's many cross border oil fields are now back on the agenda as sanctions […]
Mass Grave of Sunni Iraqis Found in Ramadi
By Simon Kent. Iraqi officials in Iraq's western province of Anbar have discovered a mass grave near the provincial capital of Ramadi. The town was cleared of ISIS fighters in January, and ISIS prisoners led officials to the burial site, which contains 40 bodies, 6 of whom have been identified. Although Ramadi is a predominantly […]
RSK Group's Iraq Projects Win Accolade
By Simon Kent RSK Group have recently won the Queen’s Award for Enterprise in International Trade, widely seen as the most prestigious award for UK enterprise. Key to the award was their environmental work cleaning up the vast oilfields at Rumaila and Majnoon. But according to RSK Group, this was an opportunity they seized in […]
Finland Boosts Training Mission
By Simon Kent. Finland is set to increase its training and assistance mission to Iraqi Kurdish Peshmerga forces, sending an extra 50 commandos to help the Kurds counter improvised explosive devices and other ISIS tactics. The move came amid some debate in the Finnish parliament, but MPs' concerns were assuaged by the fact that the […]
ISIS in Iraq Hit by 21 Coalition Air Strikes
By Simon Kent. One of the problems the so called Islamic State have encountered recently is the transition from being a terrorist group to a terrorist army. Of course, an army has far more targets to hit from the air and ISIS continually discover this the hard way. According to the most recent statement from […]
Al Sadr Calls on UN Help
By Simon Kent. As Iraq's political crisis drags on, Moqtada al Sadr's erratic posturing continues. Last month, he called for mass demonstrations outside of the International Zone in Baghdad, formerly the Green Zone, and threatened to storm the area with protesters unless PM Abadi appointed a technocratic cabinet. But when Abadi announced 14 nominees, Al […]