ShaMaran, TAQA, in Dispute over Atrush
Canadian-based ShaMaran Petroleum and TAQA, the Abu Dhabi National Energy Company, are in dispute regarding the Atrush block in Iraqi Kurdistan. In a statement to the markets on Monday, ShaMaran said that its wholly owned subsidiary, General Exploration Partners (GEP), has received a Default Notice from TAQA Atrush B.V., the Operator of the Atrush Block, […]
France's Total meets with Oil Minister
By John Lee. Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] met on Sunday with a delegation from the French oil company Total, lead by Mr. Pascal Carrier. The Minister confirmed that Iraq is keen to foster relations with companies such as Total, and aims to expand cooperation in the field of oil and energy […]
Moody's Rates Iraqi Govt Bonds
Moody's Investors Service has today assigned a provisional rating of (P)Caa1 to Government of Iraq's planned USD-bond issuance, with a stable outlook. The rating was initiated by Moody's Investors Service and was not requested by the rated entity. It is being assigned ahead of planned issuance of USD-denominated debt by the Iraqi government in the […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th Sept 2015). Please click here to download a table of listed companies and their associated ticker codes. Note: There will be no trading session at the ISX from September 23, 2015 to September 27, 2015 due to the national holiday, Eid Al-Adha. […]
Militia Abuses Mar Fight Against ISIS
Iraqi government-backed militias carried out widespread destruction of homes and shops around the city of Tikrit in March and April 2015 in violation of the laws of war, Human Rights Watch (HRW) said in a report released on Sunday. Militiamen deliberately destroyed several hundred civilian buildings with no apparent military reason after the withdrawal of […]
Video: Fear of Cholera Outbreak Spreads
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's government has ordered daily water tests and other measures to try and contain an outbreak cholera that has been blamed for the deaths of at least six people in a town west […]
Currency Auction Results, 21st Sept
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 11 remittance companies took part in its currency auction on Monday. A total of $205,544,963 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
LC Waikiki Open New Basra Outlet
By Robert Tollast. LC Waikiki, the Turkish fashion corporation with outlets in 27 countries, has opened a new store at the new Basra Times Square shopping mall in the southern Iraqi city. The announcement was made on the company's website, and will be the third outlet in Iraq after store openings in Baghdad and Erbil. A […]
Abadi's Decentralisation Initiative
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A series of protests in the streets of Iraq has been going on since July 15. The protestors demand the improvement of services and the elimination of administrative and financial corruption prevailing in the […]
Iraqi Government Delegation Visits UK for Talks
By Simon Kent. A delegation of Iraqi lawmakers, led by the Speaker of the Parliament, Mr Saleem Al Jabouri, visited London this week for talks with British business leaders and politicians. The group visited the House of Lords, the UK’s Upper House, and met Baroness Nicholson of Winterbourne, the UK Prime Minister’s Trade Envoy to […]
1000 Attend Baghdad Classical Concert
By Robert Tollast. Attending a great live music event is something many of us will share on Facebook-- well that's if you're the type who loves social media. Some go further and spend the entire concert trying to film it on their phone or live tweeting and talking loudly...but enough about those people. When the […]
23 Killed in Baghdad Checkpoint Blasts
By Robert Tollast. At least 23 people have been killed and 60 wounded in two separate suicide vest attacks in Baghdad, the BBC reports. The attacks took place in the early morning rush hour traffic and targeted checkpoints, normally an attempt to cause casualties in the backlog of traffic. Alternatively it could be a sign that there […]