Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th March 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,658 / $1,793 (-1.0%) (weekly change). The number of week traded shares was 6.1bn and the weekly trading […]
Pertamina to Buy Stake in West Qurna?
By John Lee. Indonesia's Coordinating Minister for the Economy, Hatta Rajasa (pictured), has said Pertamina is considering taking a stake of up to 20 percent in the West Qurna-I block, which is owned by Exxon Mobil. According to a report from Fox Business, Mr. Rajasa told reporters: "Exxon has got a new oil field in […]
Romanian Company Wins Iraqi Rail Contract
By Matthew Gayle. The Iraqi government has signed a memorandum of understanding (MoU) with Romanian railcar producer Astra to establish a joint railway company based in Iraq. According to Al-Shorfa, the Iraqi-Romanian company, which will specialize in producing trains, will be based in al-Samawa, southern Iraq. The company will also focus on rehabilitating the train […]
Video: Kurds Emerge as Victors of post-Saddam Iraq
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A decade after war and the toppling of dictator Saddam Hussein, Iraq's Kurdistan is experiencing a construction and economic boom: (Source: Jewish News One)
FastIraq Selects Epsilon for Iraq to Europe Connectivity
Epsilon Telecommunications, the world’s largest global telecoms network exchange, has been selected by Iraqi network operator FastIraq to provide international connectivity and local access to enterprise locations globally. This extends FastIraq’s network reach to new destinations and allows it to leverage interconnects with Epsilon’s more than 450 preconnected carriers. Epsilon will provide local access from […]
Menara Networks Selected for Iraq
Menara Networks, a vertically integrated provider of IP/Ethernet DWDM transport solutions that greatly simplify optical networking, announced on Friday that IQ Networks, a leading facility-based fiber Internet Service Provider in Iraq, has selected Menara Networks transponder-less DWDM solution to build a state-of-the-art national 10 Gbps IP over DWDM network in Iraq. IQ Networks will use […]
Warka Bank Claims Court Victory
By John Lee. Warka Bank has issued the following statement with regard to its legal case against the Central Bank of Iraq: "With regards to the legal court case Warka Bank for Investment and Finance has filed against the Central Bank of Iraq Warka Bank for Investment and Finance is delighted to inform its cliental, […]
KRG Minister Receives New Polish Consul to Erbil
Minister Falah Mustafa received the new Polish Consul, Mr Roman Jerzy Chalaczkiewicz, to the Kurdistan Region yesterday. The new consul has previously served as ambassador to Iraq (1997-2002) and in other countries in the Middle East, including United Arab Emirates. The assignment of the new consul follows the inauguration of their consulate in June last […]
Weekly Security Update
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW Overall levels of incidents remained steady in Iraq this week with marginal increases seen in Baghdad and Nineveh provinces. The number of suicide attacks, especially in the north and centre of the country, remain at an elevated level with 3 to 4 attacks reported in Nineveh, Salah […]
From Iraq to Libya ...
As many of our readers will already be aware, Iraq Business News has a sister publication, Libya Business News, and we are pleased to report that it’s going from strength to strength. Clearly the two countries are in different stages of development, politically as well as economically, but they face similar challenges, and those challenges bring […]
ISX Clarifies Custody Situation
By Mark DeWeaver. On March 3, the ISX posted the following notification on its website: “No institution or competent body has requested a license to act as custodian pursuant to Decree No. 17 of 2012. “Therefore, the Depository Centre remains the sole body conducting the transfer of securities from the account of the investor [registered] […]
Design of Iraq-Aqaba Pipeline in Final Stages
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. Iraq is close to completing design of a pipeline to carry Iraqi oil to Jordan and Egypt through the Gulf of Aqaba. Once completed, the project is to be handed over […]