Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th Apr 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD815 (-2.6%) / $817 (-3.4%) (weekly change) (-25.2% and -28.7% YTD change, respectively). The number of week traded […]
Central Bank Official Arrested over Bond Trading
By John Lee. A central bank manager in the Kurdistan region has reportedly been arrested as part of a probe into an alleged illegal bond trading scheme. Reuters reports that the scheme may have cost the KRG more than one billion dollars. Adham Karim, the head of the Central Bank of Iraq (CBI) in Erbil, […]
Serco Wins Contract Extension from ICAA
By John Lee. UK-based Serco has agreed a contract extension with the Iraq Civil Aviation Authority (ICAA) to deliver air traffic services and academy training. David J. Greer OBE, CEO, Serco Middle East commented: "The contract extension issued to Serco is a true testament of our work and approach to air traffic safety and training […]
Video: Heet retaken from Daesh
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces retook the town of Heet [Hit] from the Islamic State group (IS, ISIS, ISIL, Daesh) after weeks of fighting, the military said, the latest in a series of losses for the jihadists:
Coalition Strikes Hit ISIL Targets in Iraq, Syria
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported on Friday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and ground […]
IBBC Spring Conference - "Iraq in Transition"
The Iraq Britain Business Council (IBBC) will be holding its Spring Conference on April 27 at Mansion House and on April 28 at Vintners' Hall in London. In recent weeks considerable political debate has taken place in Iraq following Prime Minister Abadi’s announcement of a technocrat reshuffle of his cabinet. It seems that the motto of the conference - ‘Iraq […]
GKP Announces Options; Shares Plunge to New Low
Shares in Gulf Keystone Petroleum (GKP) plunged 30 percent to a new low following the mid-morning announcement of details of fundraising and investment options: Gulf Keystone today publishes further details on potential interim investment scenarios to build a common foundation for stakeholder discussions on the Company's need for near-term fundraising, upcoming debt obligations and possible […]
Military Strikes Hit ISIL Targets in Iraq, Syria
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported on Wednesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and fighter […]
Video: MPs hold All-Night Parliament Sit-in
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi lawmakers held an all-night sit-in at parliament protesting efforts by powerful political blocs to maintain control of key government posts, pushing the speaker to convene an emergency session Wednesday.
Iraq cuts May Crude Export Volumes
By John Lee. Reuters cites trade sources saying on Tuesday that crude oil exports from the southern Iraqi ports are set to fall to the lowest this year in May. A preliminary loading programme shows total Basra crude exports of 3.085 million bpd in May, down from 3.28 million bpd this month, with Basra Heavy […]
Parliament to Vote on Revised Cabinet Proposals
By John Lee. Several dozen members of Iraq's parliament held an overnight sit-in in the parliament building to demand that Prime Minister Haider al-Abadi stick to his plans for cabinet reform. In central Basra, several hundred supporters of Shi’ite cleric Moqtada al-Sadr blocked the main street voicing similar demands, according to Reuters. Abadi was forced to […]
Storms, Flood Threat, for Iran, Iraq and Saudi Arabia
By John Lee. AccuWeather reports that a slow-moving storm system will lead to flash flooding from Iraq and western Iran into Saudi Arabia and Yemen on Wednesday and Thursday. Rainfall of 12-25 mm will be common with locally higher amounts in the strongest thunderstorms. Areas such as Baghdad and Basrah will get multiple downpours. (Source: […]