UN Releases Civilian Casualty Figures for March
According to figures released today by UNAMI, a minimum of 229 civilians were killed and a further 853 were wounded in acts of terrorism and armed violence in Iraq during March 2013. A further 227 members of the Iraqi security forces were killed and 300 were wounded as a result of such attacks. “The United […]
Video: Al-Qaeda Scaring Iraqi Public
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A political analyst says there is an increase in violence in Iraq because of the elections and there is a willing or an effort from al-Qaeda to one day attack the Shia and […]
IEITI Future Reports: Expectations and Challenges
By Ahmed Mousa Jiyad. On behalf of the Iraqi Government and IEITI, Mr. Alaa Mohie El-Deen, General Secretary of Iraqi Extractive Industries Transparency Initiative (IEITI), invited me to attend the EITI Compliance & Second IEITI Report Conference held at Al-Rasheed Hotel on 3 April, and asked me to make a presentation, which took place at […]
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 […]