DNO reports Record Revenues
DNO ASA, the Norwegian oil and gas operator, today reported record revenues exceeding USD 1 billion in 2021, up 63 percent from a year earlier, on the back of high oil and gas prices and solid production performance. Annual operating profit climbed to USD 321 million, reversing operating loss of USD 315 million in 2020. […]
Iraq Start-Up Days at EXPO 2020
Rabee Securities is hosting a 3-day event at the Iraq Pavilion at EXPO 2020 to showcase Iraq's top technology start-ups. From 7-9 March, presentations will be given by Iraq's most promising entrepreneurs and interested parties will have the opportunity to meet them one-on-one. The lineup of start-ups scheduled to attend include Miswag, Iraq's largest e-commerce […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th Febuary 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD953 (-1.0%) / $836 (-1.0%) (weekly change) (+3.8 % and +3.8% YTD change, respectively). The number of week […]
Basra Gas Company Donates School to Local Community
Basra Gas Company (BGC) has handed over the fully-furnished AlRaha school to the Directorate of Education in Basrah. The school was a gift from BGC to the community, to replace an old school that was built years ago near the gas pipelines. BGC also provided a temporary school until the permanent school was completed to […]
Egyptian Contractors to get $450m Iraqi Housing Projects
By John Lee. Three Egyptian construction companies are poised to win major contracts for housing projects in Iraq. In an interview with Egypt's Al-Dustour news service, Jaber Al-Hassani, Undersecretary of the Iraqi Ministry of Housing, said Iraq intends to sign contracts this month with three companies nominated by the Egyptian Ministry of Housing; one will […]
First Export of Iraqi Sulfur
By John Lee. Iraq's General Customs Authority has announced that Iraq has made its first export of sulfur (sulphur). The 4,540-ton shipment was sent by ship to India earlier this week. Sulfur is used in many applications including fertilisers and pharmaceuticals. (Source: Ministry of Finance)
UN Reparations Panel Concludes; Iraq pays $52.4bn for Kuwait Invasion
The Governing Council of the United Nations Compensation Commission held a special session on Wednesday under the Presidency of Ireland to mark the fulfillment of the Commission's mandate. Delegations from Iraq and Kuwait addressed the Council at the opening plenary meeting. Almost 31 years ago, the Commission was established in Geneva as a subsidiary organ […]
EU Flight Ban in Iraqi Airways may be Lifted
By John Lee. The Iraqi Minister of Transport has held a meeting with the ambassador of the European Union to discuss removing Iraqi Airways from the list of airlines banned from operating within the EU. Captain Nasser Hussain Bandar Al-Shibli [Captain Nasser Hussein Bandar Al-Shibli] said they discussed the importance of the Iraqi Civil Aviation […]
Mosul Uni's Theatre Hall Reopens after IS Destruction
Mosul University's Theatre Hall Officially Reopens After ISIL Destruction The newly-rehabilitated Theatre Hall at Mosul University was officially opened yesterday by the United Nations Development Programme (UNDP), KfW Development Bank and Ninewa Governorate. The Theatre Hall, which was the biggest hall in Ninewa, was severely damaged during ISIL occupation and Mosul's liberation. It is rehabilitated […]
Latest Report on Operation Inherent Resolve (OIR)
By John Lee. The US has issued its latest report on Operation Inherent Resolve (OIR), the overseas contingency operation to advise, assist, and enable local partner forces until they can independently defeat ISIS in designated areas of Iraq and Syria, thereby setting conditions for the implementation of long-term security cooperation frameworks. The report covers the […]
Iraq's Four "Game-Changing" Energy Projects
Writing in Oil Price, Simon Watkins says Iraq's $27-billion four-project deal with French energy company TotalEnergies will be a game-changer. Click here to read the full article.
dnata enhances Cargo Offering in Erbil
Dubai-based air services provider dnata says it has achieved an important milestone in Erbil, with the implementation of its 'OneCargo' system, digitizing processes and maximizing efficiencies across its cargo operations in Iraq. According to a press release, the advanced tool, which dnata plans to launch globally, is expected to deliver significant commercial benefits for customers. […]