Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th September 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,671 (-1.7%) / $1,776 (-2.7%) (weekly change). The number of week traded shares was 4.2bn and the weekly […]
US Ambassador and PM Maliki Open Baghdad Education Fair
On September 28, US Ambassador Stephen Beecroft joined Prime Minister Nouri al-Maliki in opening the Third Annual Baghdad Education Fair at the Al Rasheed Hotel. Ambassador Beecroft, Prime Minister Maliki, and the British and Australian Ambassadors gave congratulatory remarks at the opening ceremony, which was attended by ministers, educators, and university representatives. The Baghdad Education […]
Video: Scores killed in Attack on Shia Mosque
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Scores have died after a suicide bomber targeted a Shia Muslim mosque south of Baghdad. According to this report from Jewish News One, the victims of that attack are believed to be […]
600 New Schools Open this Month
By John Lee. Six hundred new elementary and secondary schools have beenn opened this month across Iraq, as part of a national plan to improve education in the country. The Minister of Education, Mohammed Tamim (pictured), told Al-Shorfa that building the schools cost around 500 billion Iraqi dinars ($429 million), . He added that an […]
Zaha Hadid Ponders Return to Baghdad
By John Lee. The Iraqi-born architect Zaha Hadid has said that her work on a new Central Bank of Iraq headquarters is progressing. She was asked to build the new bank after a 2010 suicide attack on the existing building. But will she return to Iraq for the first time since 1980? She told Bloomberg: […]
Electricity Shortage "Costs Iraq $40bn a Year"
By Walid Khadduri for Al-Monitor, translated from Al-Hayat. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On Sept. 14, 2013, the Iraqi parliament's Oil and Energy Committee published a report drafted by the advisory board of the Prime Minister's Office, which indicated that Iraq […]
Kurdistan to Buy 12 Helicopters
By John Lee. The American company MD Helicopters has reportedly won a contract from the Kurdistan Regional Government for the supply of 12 civilian helicopters. Equipped with the latest state of the art technology, including NVG compatible cockpit, high powered searchlight and advanced avionics, the MD 530F choppers will be delivered by the end of this […]
Militias Control Home-Made Oil Refineries
By Ahmad al-Sayegh. 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. Refining crude oil at home is a major business in eastern Syria, near the Iraqi border. And Islamic militias in charge here are selling the crude […]
US Pledges Support for Transport Infrastructure
The governments of the United States of America and the Republic of Iraq reaffirmed their strategic partnership during a meeting of the Services, Technology, Environment and Transportation (STET) Joint Coordination Committee (JCC) under the Strategic Framework Agreement (SFA) on September 25, 2013 in Washington, D.C. Iraqi Deputy Minister of Transportation Bangen Rekani and U.S. Department […]
Newly Appointed SRSG Takes Office
The newly appointed Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr. Nickolay Mladenov, arrived today in Baghdad and immediately assumed his responsibilities as the Head of the United Nations Assistance Mission for Iraq (UNAMI) and the United Nations top envoy in the country. Mr. Mladenov of Bulgaria was appointed by the Secretary-General […]
Shahristani Updates on Oil Targets
By John Lee. Iraq's Deputy Prime Minister for Energy, Hussain al-Shahristani (pictured), has said the company is on track to pump 3.7 million barrels a day of crude by the end of the year. He told a conference in Dubai: "Iraq will easily pass 3.5 million barrels a day before the end of the year […]
Iraq Buys New Military Robots
By John Lee. QinetiQ North America (QNA) has announced it is being awarded a $20 million, firm-fixed-price contract for its TALON IV military robots (pictured), spares and training. The contract will support foreign military sales to Iraq. The TALON IV robot provides the Iraqi military's explosive ordnance disposal technicians with a man-transportable capability to remotely […]