UAE to Provide Floating Power Plants in Basra
Iraq has signed a contract to buy 250 megawatts of electricity from UAE's Oilfield Services. Under the two-year deal, the company will provide two power plants docked on ships in Basra. The ships are expected to reach the port within a few weeks, and the plants will be connected to the grid by 31st July, […]
Sweden to Open Trade Offices in Kurdistan
AKnews reports that Sweden is planning to open trade offices in Erbil, as well as an institute to help Iraqis address unemployment, in an attempt to broaden trade relations with both the region and Iraq. The announcement came in a press conference for the Swedish Trade Minister Eva Björling who is in Erbil on a visit. […]
Video: Kurdistan - What and When to Buy
Malcolm Graham-Wood of VSA Capital answers some questions for investors in Kurdistan-focused oil companies:
Iraq to Order Eight Cargo Vessels
Iraq will offer contracts for the construction of eight cargo ships over the next four years in an effort to expand its fleet, reports Bloomberg. The government also expects to take delivery of a $14 million cargo vessel in the next two weeks. The vessel, built by the Avic Dingheng Shipbuilding Company of China, is […]
As Paul Bremmer Wanted Them To Be
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Dunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Iraq Violence in the First Quarter of 2012
AKE has analysed violence taking place in Iraq over the first quarter of 2012 (January – March). At least 724 people were killed over the period, although the true figure is likely to be higher, given that AKE figures are collated on a ‘spot’ basis, i.e. they are taken within 24 hours of a violent […]
New Iraqi Oil Prices for May
Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra Light and Kirkuk crude grades for May. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); Shipments to […]
Iraq Launches New State-Owned Islamic Bank
Iraq's Cabinet has approved the establishment of a first state-owned Islamic bank in the country, said Mudher Saleh, deputy governor of the Central Bank of Iraq. This will bring to 12 the number of Islamic banks in Iraq. Two of the country's six state-owned banks, Rafidain Bank and Rasheed Bank, opened Islamic banking units earlier […]
Iraq to Strike New Gas Deal with Iran
Iran's Mehr news agency reports that Iraq will soon sign a deal with Iran to start importing 25 million cubic meters (mcm) of natural gas per day in 2013. The Iranian gas will be used to power four Iraqi electricity plants. The giant South Pars gas field (pictured) in the Persian Gulf is shared by […]
Delegation from BIC Visits Lebanon
A delegation from the Basra Investment Commission, headed by the BIC chairman Eng.Haider Ali Fadhil, visited the headquarter of Traders Association in Al- Nabatiyeh Province, South Lebanon. The delegation was accompanied by Eng. Hassan Jabir. The head of the association welcomed the delegation referring to the joint cooperation between Iraq and Lebanon; he appreciated the […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th April 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,287 / $1,412, -2.1% (weekly change). The number of week traded shares was 4.4 bn and the weekly trading volume was ID8.5bn ($7.2mn). ISX […]