Zain Iraq Delays IPO Schedule
By John Lee. Dow Jones reports that Zain Iraq has extended the time frame to launch an initial public offering (IPO) and list its shares on the Iraq Stock Exchange (ISX). While Zain Group’s chief executive had previously stated that it would list the Iraq operation by the end of June, group chairman Asaad Ahmed […]
KRG Statement on EITI Oil Transparency Report
The following is a statement by Kurdistan Regional Government on what it describes as "the manipulation of the EITI process": The EITI oil transparency report that inexplicably disappeared In 2008, the then federal Deputy Prime Minister, Barham Salih, committed Iraq to achieving compliance with the Extractive Industries Transparency Initiative (EITI), which aims to help citizens […]
Iraq Awards Rice Tender To Thailand
Iraq has awarded Thailand with the tender announced last month seeking a minimum of 30,000 tons of rice, and will purchase a total of 80,000 tons of rice from Thailand. Thai rice was amongst the lowest offers in the tender that closed on March 31, which included invited applications from the U.S., Uruguay, Argentina and […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th April 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 / $1,807 (+1.2%) (weekly change). The number of week traded shares was 16.3bn and the weekly trading […]
Iraq Seeking to Increase Crude Exports to China
By Matthew Gayle. According to Bloomberg, Oil Minister Abdul Kareem al-Luaibi [Elaibi] recently said that Iraq is seeking a long-term accord to boost oil exports to China as OPEC's second -biggest producer increases output from fields operated by companies like Royal Dutch Shell (RDSA). Crude exports from Iraq to China average 500,000 barrels per day, […]
The Un-De-Baathification of Iraq
By Jason Ditz. This article was originally published by Antiwar.com, and it is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The De-Baathification law and the notorious use of that law by Shi’ite politicians to ban Sunni […]
Security Message for US Citizens
The Department of State warns all U.S. citizens in Iraq of increased threats of terrorist activity throughout the coming weeks. U.S. citizens should exercise extreme caution in light of the risk of violence possibly associated with the upcoming anniversary of the fall of Baghdad on April 9 and the run-up to elections on April 20. […]
KRG to Build Housing for the Poor
By John Lee. AIN has reported that the Prime Minister and the Chairman of the Supreme Investment Council of Kurdistan Region, Nechirvan Barzani (pictured), confirmed the government policy of supporting people on low incomes by granting them housing units. Following a meeting for the Supreme Investment Council, that was attended by the Deputy Chairman Emad […]
Egypt Considers Trade Office in Kurdistan
By John Lee. Ambassador Gamal Bayoumi (pictured), Secretary General of the Federation of Arab Investors, has said that the Egyptian trade office in Baghdad proposed to open a trade center in Iraqi Kurdistan as soon as possible. According to a report from Aswat al-Iraq, he said the new office will promote Egyptian trade and investment […]
Iraq "Lagging in Foreign Investment"
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 question that constantly arises in Iraq, and that is often posed perplexedly, is: “Why have the Iraqis failed to attract large-scale investments over the past ten years of political and […]
More Progress Required on Landmines
Iraq continues to be one of the most contaminated countries in the world with landmines and unexploded ordinance. Today, on the International Day for Mine Awareness and Assistance in Mine Action, the United Nations calls for more progress to eliminate the threat of landmines to Iraqis. “Landmines and unexploded ordinance continue to terribly affect Iraqis, […]
DPS Global Starts Work at Khurmala Dome Field
Global Trader reports that British business activity in Iraq is increasing on a monthly basis with process engineering and technology group DPS Global being the latest firm to reveal details of a major new project. The company has started work on the expansion of the Khurmala Dome Field Development (pictured), the northernmost dome of the […]