Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th Mar 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD891 (+7.4%) / $903 (+6.1%) (weekly change) (-18.3% and -21.2% YTD change, respectively). The number of week traded […]
KRG "wants to Reach Amicable Agreement with Baghdad"
By John Lee. Kurdistan Region President Masoud Barzani (pictured) has said he wants to reach an amicable agreement with Baghdad, but stressed that Kurds will "not accept to be subordinates". In his address on the occasion of Newroz, the Kurdish New Year, the President said: “We have two options before us: either we forget the […]
Strikes Hit ISIL in Iraq
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Iraq Rocket artillery, attack, fighter and […]
Video: Is Muqtada al-Sadr fueling Shia Infighting?
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's Shia cleric Muqtada al Sadr is putting pressure on Prime Minister Haider al-Abadi to carry out reforms to fight corruption. Sadr has managed to rally a huge number of angry Iraqi protesters […]
Currency Auction Results, 20th Mar
By John Lee. The Central Bank of Iraq (CBI) has reported that 22 banks and 19 remittance companies took part in its currency auction on Sunday. A total of $77,067,600 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
The Future of Iraq’s Armed Forces
By John Lee. In a new report published for the Al-Bayan Center for Planning and Studies, Dr Michael Knights, Lafer Fellow at the Washington Institute for Near East Policy, argues that those who say that there is no longer any such thing as the Iraqi security forces (ISF) are fully aware the line they are […]
Race to Reach People Fleeing areas West of Ramadi
Humanitarian partners race to reach people fleeing Heet and areas west of Ramadi Humanitarian partners are rushing to provide emergency assistance to an estimated 35,000 people who have been newly displaced in hard-to-reach areas west of Ramadi. Lise Grande (pictured), the UN’s Humanitarian Coordinator said, “Thousands of people who have been trapped in Heet for […]
How ISIS Rigs Mosul’s Money Markets
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. Ain’t Nothing Going On But The Rent: How ISIS Rigs Mosul’s Money Markets In Their Favour In Mosul, there are no official banks anymore.So the Islamic State makes the rules: […]
Iraq's Dysfunctional Government by Proxy
By Omar Sattar, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. With Prime Minister Haider al-Abadi thought to be working on reforms that include the formation of a technocratic Cabinet, the issue of proxy appointments is back in the spotlight. For more than a […]
Gazprom takes over as Operator of Garmian Block
WesternZagros Resources has announced that the transition of operatorship of the Garmian Block in the Kurdistan Region of Iraq ("KRI") from WesternZagros to Gazprom Neft Middle East B.V. was completed effective February 29, 2016. The agreement does not involve any change of working interest in the production license. This transition was made pursuant to the […]
WesternZagros Announces Year End Results
WesternZagros Resources announced today its operating and financial results for the fourth quarter and year ended December 31, 2015. All amounts set out in this press release are in US dollars unless otherwise stated. Commenting on the year end and subsequent events, WesternZagros's Chief Executive Officer, Simon Hatfield (pictured) said: "In 2015, we were pleased […]
DNO Increases Oil Output
DNO ASA, the Norwegian oil and gas operator, today released its 2015 Annual Report and Accounts together with its 2015 Annual Statement of Reserves. The company reported record levels of operated production in 2015, driven by strong performance in the Kurdistan region of Iraq, though the company's financial results were impacted by the sharp drop […]