Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd January 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,273 (-1.5%) / $1,358 (-1.2%) (weekly change) (-8.6% and -8.4% YTD change, respectively). The number of week traded […]
Finance Minister Meets General Electric
By John Lee. Finance Minister Hoshyar Zebari received this week the CEO of the General Electric Company (GE), Mr. Aziz Koleilat, and his delegation. During the meeting, they discussed projects and activities of the company in the country in the energy, electricity and health sectors. The Minister of Finance stressed the government's keenness to secure […]
Video: IS Kills with Hidden Bombs
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A massage belt, a PlayStation controller, a gold ring -- it sounds like a gift list, but the items the Islamic State group left in Iraq are rigged with explosives to kill.
Finance Minister Meets Boss of Shell Iraq
By John Lee. Finance Minister Hoshyar Zebari received on January 21, 2015, Mr. Hans Nijkamp, head of Shell in Iraq and the vice president of Shell Oil. During the meeting, they discussed the company's operations in the Majnoon and West Qurna 1 oil fields, and the South Gas Project, as well as the oil company […]
Politicians Work Towards National Consensus
By Mustafa al Kadhimi for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the opinions of Iraq Business News. After the US invasion of Iraq in 2003, the most used terms in the country are likely "political consensus," "consensual democracy" and "consensual decision." However, failures on all levels […]
UNICEF, EU Fund Water Conservation Project
The UNICEF Water and Sanitation (WASH) programme, with financial support from the European Union (EU) has started the implementation of a public awareness project to promote efficient water use and improved hygiene practices in Iraq. The project will engage 10 million Iraqis with messages on effective water conservation, water handling at the household level and […]
Video: Peshmerga Cut-Off IS Supply-Line
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Kurdish fighters have reportedly cut-off a major supply line for the Islamic State of Iraq and the Levant (ISIL) in northwestern Iraq. The Kurdish Peshmerga say they've seized an area near the Mosul […]
Kuwaiti Firm to Build Diwaniya Airport
By John Lee. Kuwait's Al-Nasriyah Company has signed an agreement to build a new airport in Diwaniya. The $1.35-billion airport will be operated by the company under the 45-year contract. Following the signing ceremony, the Governor of Diwaniya, Ammar Al-Madani, said the airport will cover an area of seven dunams (roughly 17,500 sq. m.) in […]
Baroness Nicholson meets with Iraqi PM
Baroness Emma Nicholson of Winterbourne, UK Trade Envoy for Iraq and Iraq Britain Business Council’s (IBBC) Chairman, met Iraq’s new Prime Minister, Mr Haider al-Abadi, for wide-ranging talks during his visit to London this week. Mr al-Abadi was attending the Lancaster House coalition conference on the situation with Da’esh (Islamic State) but was keen to […]
Oil Output to Rise to Compensate Low Prices
By Patrick Schmidt. The Iraqi Deputy Prime Minister announced that Iraq would try to increase its oil production along with exports in order to compensate for low oil prices. Iraq has recently lost 50 percent of its revenue due to the slump in world crude prices. The country aims to boost production with the Kurdistan […]
Iran Khodro Expands After-Sale Services
By John Lee. Iranian vehicle maker Iran Khodro (IKCO) has announced that it has expanded its after-sale services in Iraq. During a visit by Karbala's Governor General, Aqil Al Tarihi, to the company's factory, Managing Director Hashem Yekke-Zare'a said: "In order to increase its market share ... [Iran Khodro] has diversified its export products to […]
Decentralization of Powers Weakens IS
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Just like any Middle Eastern leader, Islamic State (IS) leader Abu Bakr al-Baghdadi (Ibrahim al-Badri) relies upon his relatives to guarantee his own security. However, ever since his spectacular appearance in the Mosul mosque in […]