More details of Genel Energy Dividend
Genel Energy has announced that, at the bondholder meeting held today, the Company's proposal was adopted and the waiver of the dividend restriction in 2019 has been confirmed. With respect to the 2018 financial year, a year in which free cash flow totalled $164 million, the Board has accordingly recommended a final dividend of 10¢ per […]
Uneven Development in the Iraqi Petroleum Sector
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. This article may also be downloaded here in pdf format. Restraining the Game-Changer: A Decade of Uneven Development in Iraq Petroleum Sector* Abstract and Introduction The development of the Iraqi petroleum sector […]
New Investment Opportunity in Iraq
By John Lee. The National Investment Commission (NIC) has announced a new investment opportunity in Iraq: Rehabilitation of plants, State Company for Phosphates (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
GardaWorld Weekly Security Report
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
Iraq offered Saudi 186 Investment Opportunities
Saudi Minister of Commerce and Investment, Dr. Majid Bin Abdullah Al-Qasabi, said that Iraq has offered Saudi companies and investors 186 investment opportunities. Speaking at a joint press conference with Iraqi Deputy Prime Minister, Thamir Al-Ghadhban, Al-Qasabi said the two countries have decided to set up a joint Saudi-Iraqi business council to exchange investment opportunities. […]
Iraqi Investment and Reconstruction Conference in Rome
Sponsored by the Embassy of the Republic of Iraq in Rome, and in coordination with the Federation of Italian Industries, the Iraqi Conference on Investment and Reconstruction was held at the end of March to discuss investment opportunities and the contribution of Italian companies in the reconstruction of Iraq. Representatives of more than 200 Italian […]
Market Review: “Banks, and the Green Shoots of Recovery”
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The market, as measured by the Rabee Securities RSISUSD Index, declined by -1.7% in March, bringing the YTD decline to -13.9. Turnover, while up +23% […]
Lebanon calls for Restoration of Iraq Oil Pipeline
By John Lee. The Speaker of the Lebanese Parliament has reportedly called for the restoration of an oil pipeline between Iraq and Lebanon, which ceased operation during the Iran-Iraq war more than 30 years ago. On the last of a four-day visit to Iraq, during which he met with Iraqi President Barham Salih, Nabih Berri […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th April 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD578 (+3.0%) / $622 (+3.1%) (weekly change) (-12.4% and -12.4% YTD change, respectively). The number of week traded […]
Will Iraq close all Inspectors General offices?
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The vote on a “nonbinding” draft law designed to phase out the offices of inspectors general took place March 9 in Iraq's parliament. The major differences between political blocs over […]
Saudi Arabia to give Iraq $1bn to build Sports City
By John Lee. Saudi Arabia’s King Salman has reportedly committed a grant of $1 billion to build a sports city in Iraq. A high level Saudi delegation traveled to Baghdad on Wednesday for meetings with Iraqi officials on trade and investment. (Sources: Arab News, Reuters)
Gazprom Neft expands Oil Production at Sarqala
Russia's Gazprom Neft has commissioned a third production well at its Sarqala field in the Kurdistan Region of Iraq (KRI) Potential production at this new well is estimated at 12,000 barrels per day. Cumulative daily oil production at the field following the commissioning of the Sarqala-3 well has increased by 25 percent reaching 35,000 barrels. […]