CBI Approves Sale of Bank of Baghdad
By John Lee. Kuwait's Burgan Bank has announced that the sale of its 51.8-percent share in Bank of Baghdad (BBOB) to Jordan Kuwait Bank (JKB) has been approved by the Central Bank of Iraq (CBI). The deal's completion is subject to the fulfilment of legal documentation and Iraqi Stock Exchange requirements. Burgan Bank is a […]
Genel Energy starts 2023 with "Strong Balance Sheet"
Genel Energy has issued the following trading and operations update in advance of the Company's full-year 2022 results, which are scheduled for release on 22 March 2023. The information contained herein has not been audited and may be subject to further review. Paul Weir (pictured), Chief Executive of Genel, said: "Genel starts 2023 with a […]
DNO update on Production and Sales
DNO ASA, the Norwegian oil and gas operator, will publish its Q4 and full-year 2022 operating and interim financial results on 9 February 2023 at 07:00 (CET). A videoconference call with executive management will follow at 11:00 (CET). The Company issues below an update on production and sales volumes for the quarter as well as […]
Siemens to provide more Electricity Generation to Iraq
By John Lee. Federal Government welcomes Germany's contribution to the sustainable development of Iraq's energy infrastructure The CEO of Siemens Energy AG, Dr. Christian Bruch, has signed a cooperation agreement with the Iraqi Minister of Electricity, Zayad Ali Alrzij [Ziyad Ali Fadel, Ziad Ali Fadhil Sudani], on the further electrification of Iraq. The agreement was […]
Increased Scrutiny of Land Allocation at Baghdad Airport
By John Lee. Prime Minister Muhammad Shia Al-Sudani has chaired a meeting to discuss the best use of lands surrounding Baghdad International Airport (BIAP). He ordered a ban on the granting or investment licenses and what was described as the "illegal disposal" of these lands, and stressed that any projects being implemented in this region […]
New Report on Iraqi Mobile Telecom Sector
From OpenSignal: Asiacell users have the fastest experience in Iraq Asiacell remains unbeaten in the average speeds seen by our Iraqi users. The operator wins Download Speed Experience and Upload Speed Experience for the third consecutive time, meaning no other Iraqi operator has won either award since we began reporting on the Iraqi mobile network […]
Russia offers Scholarships for Iraqi Kurdistan
The Ministry of Higher Education announces scholarships for bachelor's, master's and doctoral studies in Russia The Ministry of Higher Education and Scientific Research informs teachers, employees and citizens of the Kurdistan Region that the Federal Russia has offered 60 scholarships for bachelor's, master's and doctoral degrees for the academic year 2023-2024 for Kurdistan Region as […]
iQ Becomes First Official Partner of Tencent in Iraq
One of the greatest obstacles facing many telecommunication companies across the world is their capacity and ability to combat gaming download speeds and latency. With the development of broadband and gaming occurring side by side, every company in this domain must do all they can to satisfy gamers internationally. With an expected mobile game user […]
New Power Stations installed in Iraqi Kurdistan last year
In order to solve the problem of electricity shortage and increase the amount of electricity production, the Ministry of Electricity of the Kurdistan Regional Government (KRG) last year installed several new electricity generation units. According to the director of electricity generation of the Ministry of Electricity, two units with a capacity of 500 MW were […]
KRI Tourist Numbers up by nearly One Third
By John Lee. According to figures from the Kurdistan Regional Government (KRG), 6,168,000 tourists visited the Kurdistan Region in 2022, an increase of nearly 2 million on the 2021 figure of 4,189,569. The statistics of tourists by region in 2022 are as follows: Erbil province: 2,752,000 tourists; Sulaimani province: 2,545,156 tourists; Duhok province, 2,340,000 tourists. […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th January 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Return RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 971.6 4.3% 6.7% RSISX USD Index 803.3 […]
Your Comprehensive Guide to Business in Iraq
By Guest Blogger: Your Comprehensive Guide to Business in Iraq: What's Happening Today? Business in Iraq has been growing steadily in recent years. From a standing start in 2003, the Iraqi economy has seen a remarkable transformation, with the private sector playing an increasingly important role in the country's overall economic development. Despite the ongoing […]