Currency Auction Results, 16th Mar
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 19 remittance companies took part in its currency auction on Wednesday. A total of $92,104,922 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Midland Refineries Company Awarded ISO 9001
By John Lee. The Midland Refineries Company (MRC) has been awarded the international standard ISO 9001: 2008 by the Central Organization for Standardization and Quality Control (COSQC). The company was awarded with the certificate having met the required conditions for three years. (Source: Ministry of Oil)
Iranian University to Offer Services to Southern Iraq
By John Lee. Iran’s Amirkabir University of Technology has plans to offer educational services in Southern Iraq. Amir Golroo, assistant professor at the university's Department of Civil & Enviromental Engineering, told Trend that a separate office for Amirkabir University is being built on campus at of one of Iraqi universities: "We are especially focusing on […]
Iraq wins Award for Reduction of Gas Flaring
By John Lee. The World Bank has awarded Iraq's Ministry of Oil a certificate of appreciation for its efforts and success in reducing the flaring of associated gas. The award was made for the work of the Basra Gas Company (BGC), by the Bank's Global Gas Flaring Reduction Partnership (GGFR), a public-private initiative comprising international […]
Opening of the American University of Duhok
The American University of Duhok has been officially opened in a ceremony held on Tuesday. The ceremony was attended by Kurdistan Region President, Masoud Barzani, Prime Minister Nechirvan Barzani, Chancellor of Kurdistan Region Security Council and Honorary President of the American University of Duhok, Masrour Barzani, a number of foreign diplomatic representatives and KRG and […]
Counter-ISIL Strikes Continue in Syria, Iraq
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter aircraft conducted […]
Currency Auction Results, 15th Mar
By John Lee. The Central Bank of Iraq (CBI) has reported that 27 banks and 16 remittance companies took part in its currency auction on Tuesday. A total of $97,749,827 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iraq has World's 3rd Lowest Oil Production Costs
By John Lee. Iraq's Ministry of Oil quotes a report by Rystad Energy as saying that Iraq has the world's third-lowest-cost crude oil. Kuwait came in lowest at $8.50 per barrel, with Saudi Arabia at $9.90, followed by Iraq at $10.70. Fourth place went to UAE at $12.30, and Iran took fifth place with $12.60. […]
Oil Minister Signs MoU with Egypt
By John Lee. Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] visited Egypt and headed a delegation to attend the Tripartite Meeting of the oil Ministers of Iraq, Egypt and Jordan to complete the discussions about the oil and gas transportation pipeline. He signed a memorandum of understanding with the Egyptian minister of petroleum and […]
PM Announces Details of Housing Fund Loans
By John Lee. Prime Minister Dr. Haider Al-Abadi has approved the procedures for issuing loans from the housing fund, allocated from the central bank's budget of five trillion Iraqi dinars ($4.2 billion). The loans will be distributed to the provinces as per the percentage of population (80 percent) and the degree of poverty (20 percent) […]
Umm Qasr Port hits 10m TEU Milestone
By John Lee. UAE-based Gulftainer has said that its Umm Qasr Logistics Centre marked a significant milestone, notching up one million TEUs handled over a five-year period since the commencement of operations in 2010. Flemming Dalgaard, CEO, Gulftainer, said: “Gulftainer is currently on a growth path to expand organically as well as through leveraging new […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th Mar 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD829 (-7.8%) / $851 (-8.2%) (weekly change) (-23.9% and -25.7% YTD change, respectively). The number of week traded […]