Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th December 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,644 / $1,779 (-0.8%) (weekly change). The number of week traded shares was 15.8bn and the weekly trading volume was ID23.6bn ($19.7mn). Note: ISX will […]
Kurdistan Calls for Jordanian Industrial Zone
By John Lee. The Kurdistan Regional Government (KRG) has suggested establishing a special area for Jordanian industries in the region. Aswat al-Iraq reports that during the visit of 42 Jordanian businessmen and exporters, discussions were held to enhance private sector trade relations. The visit was organized by Jordanian Capital Bank, the fourth in Jordan, with […]
US Man Guilty of Tax Evasion on Iraq Consulting
By John Lee. A man from the US state of Kansashas admitted failing to pay nearly $82,000 in income taxes on money he earned as a subcontractor in Iraq. Gregory S. Light, aged 43, pleaded guilty to one count of tax evasion; sentencing was scheduled for next April. According to Associated Press, Light served in […]
Ministers Attend Reconstruction Conference in Baghdad
By John Lee. His Excellency Prime Minister Nouri Al-Maliki attended the opening session of the Arab Council of Ministers of Housing and Construction in its 29th session in Baghdad, attended by Deputy Prime Minister Saleh Al-Mutlaq, Foreign Minister Hoshyar Zebari, Mohamed Sahib Al-Darraji Minister of Construction and Housing, and several Arab Housing and Construction ministers. […]
Iraq - US Cultural and Educational Cooperation JCC
Joint Statement of the Iraq - U.S. Cultural and Educational Cooperation Joint Coordination Committee Pursuant to the 2008 Strategic Framework Agreement (SFA) between the United States of America and the Republic of Iraq, the third meeting of the Iraq-U.S. Cultural and Educational Cooperation Joint Coordination Committee (JCC) convened in Baghdad on December 17, 2012. The […]
Brazilian Delegation Visits Iraq
By John Lee. A Brazilian delegation headed by Undersecretary of the Brazilian Foreign Ministry Mr. Paulo Cordeiro de Andrade Pinto visited Iraq from 15th to 18th December. The delegation met with both the Foreign Minister, Mr. Hoshyar Zebari, and the Trade Minister, Mr. Khairallah Babiker. The delegation held meetings for the period from 16 - […]
Will 2013 Decide the Fate of Iraqi Oil?
By Padraig O'Hannelly. A year after the withdrawal of US troops, the terrorist attacks in Iraq continue, and the tensions between central government and the Kurdistan Regional Government continue to rise. In the year ahead, we can expect to see further developments in the ongoing battle between Erbil and Baghdad over control of oil contracts […]
World Bank Commits $900m to Iraq
By John Lee. World Bank Group support for Iraq over the next four years will focus on job creation, social inclusion and building stronger institutions. The Country Partnership Strategy which was discussed today by the World Bank Board of Executive Directors is a four-year engagement framework with a planned US$900 million in support to Iraq. […]
Valerus Awarded Contract for Iraq Processing Facilities
By John Lee. Valerus has been awarded a contract to provide more than 45,000 bhp of compression and onsite supervisory services for oil and gas processing facilities being developed in Iraq. The award positions Valerus as Iraq’s largest supplier of reciprocating compression equipment and services. Valerus has installed large compression facilities throughout the Middle East, […]
Croatia's Ingra Signs $1.5m Deal in Iraq
By John Lee. The Croatian civil engineering company Ingra has signed a $1.5-million hydro-electric deal in Iraq. Under the six-month contract the company will upgrade five 80MW generators at the Dokan hydro-electric power plant in Iraqi Kurdistan. Ingra said it expects to sign several more deals for works on other hydro power plants in Iraq, where […]
Starwood Hotels Expands in Iraq
By John Lee. Starwood Hotels & Resorts Worldwide announced it has signed an agreement with BCD Co. to introduce its destination sensation brand, Aloft Hotels, to Iraq's emerging commercial hub. The opening of the new Aloft Erbil in 2015 will mark the launch of the Aloft brand into Iraq. Created to shake up the traditional […]
Progress on Human Rights, But Problems Remain
The respect and protection of human rights in Iraq remains fragile as the country continues its transition from years of conflict and violence to peace and democracy, says the United Nations in its most recent Report on Human Rights in Iraq, which covers the period from 1 January to 30 June 2012. Violence remains of […]