Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th May 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD552 (+0.7%) / $573 (+0.7%) (weekly change) (-16.2% and -18.2% YTD change, respectively). The number of week traded […]
To Stop a US-Iran War, Finlandize Iraq
By Albert B Wolf, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. To Stop a U.S.-Iran War, Finlandize Iraq A the coronavirus pandemic rages around the world and Americans remain divided on reopening the economy, lawmakers in the United States […]
Security Forces target Groups that Attacked Protesters
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Security forces target armed groups that attacked protesters Iraqi police in the southern province of Basra stormed the office of the Thar Allah al-Islami militia Monday and arrested all the members in the office, including its leader, […]
New Government, New Legislative Agenda
By John Lee. The Iraqi government and parliament should pass legislation to address key human rights shortcomings in Iraq's legal system and take measures to minimize the risks Covid-19 poses to people in prison, Human Rights Watch (HRW) said on Thursday. With the formation of Iraq's government on May 7, 2020, parliament can now focus […]
Genel Energy "Robust Financial Position"
Genel Energy has issued the following trading and operations update ahead of the Company's Annual General Meeting ('AGM'), which is being held today. The information contained herein has not been audited and may be subject to further review. Bill Higgs (pictured), Chief Executive of Genel, said: "Despite the impact of COVID-19 creating a challenging environment […]
Govt to Establish Emergency Cell for Financial Reform
The Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister told the Cabinet that this Iraqi government came to office to address the challenges facing the country, combat poverty, reduce unemployment among young people, and deliver a fair […]
Biog of New Finance Minister, Ali Abdul Amir Allawi
From Rabee Securities; re-published with permission by Iraq Business News: Mr. Allawi was born in Baghdad in 1947. He left Iraq in 1958 with his family after the 14 July Revolution (the 1958 Iraqi coup d'état, that resulted in the overthrow of the Hashemite monarchy in Iraq that had been established by King Faisal I in […]
Boosting Iraq's Tech Start-Ups
IBBC Tech Forum hosts investor panel on ' What Iraq can do to boost its Tech Start up Economy' The Iraq Britain Business Council (IBBC) has held a well-attended panel discussion on Iraq tech start up economy, with leading investors and practitioners, including : Mohammed Khudairi, partner of Khudairi Group and Co-Founder of Iraq tech […]
Cement Producers Association of Iraq Joins WCA
The World Cement Association has announced today that it is welcoming the Cement Producers Association of Iraq (CPAI) as an Affiliate Member of its international network. Ian Riley, CEO at WCA, said: "In these challenging and uncertain times, it's more important than ever that organisations and individuals from across the global cement community can come […]
Iraq to Cut Oil Output, but by Less than OPEC+ Target
By John Lee. Iraq is reportedly cutting its oil output by around 700,000 barrels per day (bpd), a third less than required under an OPEC+ supply pact. Iraqi oil officials told Reuters that the government failed to persuade the international oil companies (IOCs) to agree to bigger reductions. More here. (Source: Reuters)
Iraq Loses $11bn in 4 Months as Oil Prices Plunge
From Middle East Monitor, under a Creative Commons licence. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq has incurred around $11 billion in losses in four months due to the global drop in oil prices, the State Organisation for Marketing of Oil […]
$33.6m from World Bank for Coronavirus Outbreak
In response to the COVID-19 outbreak in Iraq, the World Bank has recently approved the re-allocation of U$33.6 million under the current Emergency Operation for Development Project (EODP-US$750 million) to support the Ministry of Health's efforts in preventing, detecting, and responding to the COVID-19 pandemic. This fast track emergency response comes in two phases. The […]