Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st July 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,862 (-0.2%) / $1,984 (-0.5%) (weekly change). The number of week traded shares was 34.0bn and the weekly […]
Kent State to Host Iraq, Libya Programs
Kent State University will host scholars from Iraq and Libya for 10 weeks this summer as part of the Fulbright Visiting Scholar Program. The prestigious program is sponsored by the Council for International Exchange of Scholars and supported by the U.S. Department of State’s Educational and Cultural Affairs Bureau. This is the second year that […]
KRG Minister Visits London
The Minister of Agriculture and Water Resources, Professor Baban, is visiting London from 10th to 12th July. The Middle East Association (MEA), in partnership with British Expertise, invite you to attend this event at Bury House on Wednesday 10th July, 3pm-5pm. The event will include a short presentation followed by Q&A and an opportunity to […]
ABB Wins Iraqi Smart Grid Contract
ABB, the global power and automation technology group, has won an order from LS Industrial Systems (LSIS) to deliver a utility communications solution that will serve seven electricity distribution control centers in Iraq. The project is part of a larger infrastructure improvement initiative currently being carried out by the Ministry of Electricity in Iraq, aimed […]
Provinces to Manage More of Own Oil Wealth?
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. An Iraqi researcher has advised the councils of oil- and gas-producing provinces to take advantage of a loophole in the new amendment to the provincial law recently passed by the Iraqi […]
Citigroup May Fund Iraq-Jordan Pipeline
By John Lee. Forty companies are reported to be bidding for contracts to build and finance the new pipeline from Haditha to Jordan’s Red Sea port of Aqaba (pictured). Nateq Balasem Khalaf, deputy director general of the state State Company for Oil Projects (SCOP), told Bloomberg that Citibank is among the bidders, adding that other […]
Min. Falah Mustafa receives new US Consul
The new US Consul General in the Kurdistan Region, Mr. Joseph Pennington, met with Minister Falah Mustafa yesterday as part of his introductory meetings. He was accompanied by the outgoing Consul General, Mr. Paul Sutphin, and the Head of Political/Economic Section at the US Consulate General in Erbil, Mr. Stephen Gee. During their meeting, the […]
Ex-Glencore, Sino-Forest Director to Chair GKP
Gulf Keystone Petroleum has announced the appointment of Simon Murray C.B.E., aged 73, to the Board of Gulf Keystone as Independent Non-Executive Chairman and Senior Independent Director of the Company. Mr Murray will also be appointed Chairman of the Company's Remuneration Committee at its next meeting. This appointment represents a significant step forward for the […]
Qatari Firm Wins $65m Housing Contract
By John Lee. The Muthanna Investment Commission has announced that a Qatari company has been contracted to build a housing project in central Samawa. Doha Investment Company won the contract for the $65 million housing complex, which will include 480 housing units, a school, a health centre and various other services, reports al-Shorfa. Some will […]
FIFA Bans Iraq from Hosting Friendlies
By John Lee. FIFA (Fédération Internationale de Football Association) has again barred Iraq from hosting international football friendlies because of the upsurge in violence in the country. Fox News reports that the move comes just three months after the governing body of world football (soccer) gave Baghdad the go-ahead. A spokesman for the Iraqi Football […]
Drug Use Spreads Among Iraqi Youth
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The negative effects of illegal drugs in Iraq are becoming more apparent. Iraq is being transformed from a country that exports drugs to the Arabian Gulf into a consumer of them. […]
Weekly Security Update 26 June - 04 July 2013
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW This week saw no huge changes in the security situation other than a marginal increase in the number of high impact bombings and a slight geographical shift south. We continue to see pervading levels of daily violence with significant numbers of fatalities and wounding’s. The number […]