Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th January 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,889 (+1.9%)/ $2,005 (+1.8%) (weekly change). The number of week traded shares was 4.3bn and the weekly trading […]
UN Aid Reaching Refugees
UN High Commissioner António Guterres is in Iraq as part of a delegation of UN Secretary-General Ban Ki-moon and ahead of tomorrow's pledging conference in Kuwait. This morning, they have been at the Kawergosk refugee camp near Erbil in northern Iraq, talking to refugee families and seeing the facilities. Kawergosk hosts 13,000 Syrian refugees who […]
US, Iraq Conference on Provincial Powers Law
On Sunday, January 12, Ambassador Stephen Beecroft joined Prime Minister Nouri Al-Maliki in opening the First National Conference on Developing a Roadmap for Implementing Law 21, at the Royal Tulip Hotel in Baghdad. Prime Minister Maliki, Minister of State for Provincial Affairs TorhanAl-Mufti, and Ambassador Beecroft, gave opening remarks at the conference which was attended […]
Political Initiative to Resolve Anbar Crisis
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. The Our Steadfast Anbar initiative, launched Jan. 11 by Ammar al-Hakim (pictured), leader of the Islamic Supreme Council, to resolve the Anbar crisis is an important step because it moves Iraq's security […]
Nineveh may soon Request Autonomy
By Bassem Francis for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Nineveh Governor Athil al-Nujaifi (pictured) warned about the repercussions of the clashes between the army and the security services on the one hand and the Iraqi Sunnis in the province of Nineveh […]
Iraq Increases Oil Discount to Jordan
The Oil and Energy Committee of the Iraqi parliament has decided to approve a government request to increase the discount on oil exports to Jordan from $18 per barrel to $20 per barrel. Iraq also supplies Jordan with natural gas, liquefied petroleum gas and heavy fuel, but according to a report from Azzaman, the quantities […]
NIC Reduces Downpayments at Bismayah
Iraq's National Investment Commission (NIC) decided to reduce the down payment required to buy housing units at the new Bismayah development. NIC Chairman Dr. Sami al-Araji said that following requests from the public, the down payment would be reduced from 25 percent to 10 percent. He added that work at Bismaya, the biggest housing project […]
Erbil’s Big Challenge: Tourists vs. Locals
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. Erbil’s Big Challenge: Tourists vs. Locals in Fight for Facilities This year the northern Iraqi Kurdish city of Erbil must live up to its hard won title, Capital of […]
Sistani Silent so far on Anbar Violence
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Anbar military operations took place under tense and sectarian circumstances. The Iraqi people have become divided regionally, ideologically and politically. Many groups raised their voices to criticize Iraq’s Ayatollah Ali […]
Southern Oil Exports Rise
Oil exports from southern Iraq increased by almost 300,000 bpd in the first two weeks of this year, compared to the December average, according to a report from Reuters. Exports averaged 2.35 million bpd in the first 15 days of January, up from 2.08 million bpd in December. Although this is seen as a sign […]
Draft Budget Fuels Kurdish Export Row
Kurdish ministers have reportedly walked out of a cabinet session in protest at the country’s draft 2014 budget. Reuters reports that the draft budget requires the Kurds to export 400,000 bpd, well above the region’s current export capacity, and says Baghdad will deduct any shortfall from the 17 percent share of state revenues to which […]
US Embassy Annex Closed
Due to recent heightened security threats to Baghdad and the surrounding areas, the U.S. Embassy Annex Prosperity checkpoint will be closed through Sunday, January 19, 2014. The U.S. Embassy advises American citizens to avoid the area around this public access entrance during this period. The Embassy is closed for business on Friday and Saturday and […]