Iraq Stock Market Report
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd November 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,422 / $1,533, -7.7%. The number of weekly traded shares was 16.5bn and the weekly trading volume was ID24.8bn […]
500-MW Power Station Approved in Thi Qar
The Provincial Council of Thi Qar [Dhi Qar] has announced that the ministry of electricity has approved the award of a contract to build a 500-megawatt power station to a local company. Aswat al-Iraq reports that the council expects the work to start this month, after verifying the company's records and abilities. The contract had […]
Germany's Bauer Wins $2.6 billion Contract for Mosul Dam
German construction and engineering company Bauer said it signed a letter of understanding on a $2.6 billion [3.1 trillion Iraqi dinar] contract to refurbish a dam in Iraq. "We expect the contract to be ready for signing within the next few months, after some final details have been clarified," Chief Executive Thomas Bauer said in […]
Ex-Pentagon Deal-Maker Launches New Iraqi Fund
Bloomberg reports that Paul Brinkley (pictured), the former U.S. Defense Department official who sought to attract companies to Iraq and Afghanistan, has started an investment and advisory firm with backing from billionaire Hyatt chairman Thomas Pritzker. Nawah LLC - short for North America Western Asia Holdings - will initially seek to invest in Iraqi companies […]
Barcelona FC to Set Up Football Academy in Iraq
Spain's Barcelona Football Club has agreed to set up a football academy in Iraq, Iraqi Minister of Youth and Sports said on Friday. Jasem Mohammed Jaafar told AKnews the academy will be run by Spanish experts and will train gifted Iraqi players as well as coaches and referees. The agreement came after the Minister met […]
Sharing the Oil Money: How Federalism Could Save Iraq
Sharing the Oil Money: How Federalism Could Save Iraq from another Saddam Hussein Iraq’s oil revenues are currently distributed in a way that sets the financial foundation for a new dictatorship, according to this report from Niqash, in which an economist explains how federalism, a better tax system and the national oil and gas law […]
The Foremost Oil & Gas Event in Iraq
2nd BASRA OIL & GAS 25- 28 November 2011 Basra International Fair Ground, Al Maqal Port / Basra, IRAQ 19 SPONSORS, 470 PARTICIPANT COMPANIES… THE FOREMOST OIL & GAS EVENT IN IRAQ! 2nd Basra Oil & Gas has exceeded all expectations and has proven it is going to be a much bigger success compared […]
US Deputy Secretary of State Video on Iraqi Business
U.S. Deputy Secretary of State Nides' Statement at the 38th Baghdad International Trade Fair
IFC to Inject $800m into Iraqi Private Sector
The World Bank’s investment arm plans to pump about $800 million into Iraq’s energy and banking industries over the next three years to help boost development in the private sector, a senior official said on Wednesday. Reuters reports that Rashad Kaldany, vice president of the International Finance Corporation, said between $300 million and $500 million […]
RAK/DNO Merger On Track Following EGMs
RAK Petroleum and DNO International announced today [Thursday] that both companies’ shareholders have now approved the merger and the transaction is on schedule to close in early 2012. RAK Petroleum shareholders voted overwhelmingly in favour of the merger at a specially convened meeting in Ras Al Khaimah, UAE, after DNO shareholders voted in favour with […]
Two Contracts Agreed for Electrical Transformers
Bloomberg reports that the United Transformers Electric Company of Saudi Arabia, and the Turkish unit of Siemens AG, have signed contracts to supply transformers to Iraq. United Transformers (UTEC) will provide 1,250 units with a total capacity of 400 kilovolts for $11.6 million, while Siemens Turkey will provide another 1,250 with a total capacity of […]
Aberdeen Business Seminar will Focus on Iraq Investment Opportunities
Aberdeen companies looking to the Iraq energy sector for business opportunities are invited to sign up for a free seminar hosted by the City Council. The Opportunity Iraq Seminar on Thursday, 17 November will be hosted by the council's International Trade and Investment team and will be led by Iraq market experts, Upper Quartile. Speakers […]