Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th Sept 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD717 (-2.4%) / $766 (-2.4%) (weekly change) (-11.6% and -8.3% YTD change, respectively). The number of week traded […]
French Company to provide GPS devices UNOPS Iraq
By John Lee. A French company has won a tender to provide GPS devices to the United Nations Office for Project Services (UNOPS) in Iraq. The contract with Orbitics SARL is valued at $20,655. (Source: UNGM)
Iraqi Kurds help Iranian Kurds as Sanctions begin to bite
By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi Kurds throw lifeline to Iranian Kurds as sanctions begin to bite As Washington tightens the screws on Iran with crippling sanctions to bring the ayatollahs to their knees, […]
UNDP Improves the Effectiveness of Local Police
UNDP trains mid-ranking police officers to Improve the effectiveness of Local Police The United Nations Development Programme (UNDP) and the Training and Qualification Directorate in the Ministry of Interior’s (MoI) jointly delivered two pilot courses on training of trainers (ToT) on the topic of ‘Improving the Effectiveness of Local Police (IELP)’. The course duration was […]
Budget Surplus Soars, but Markets continue to Bottom
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 followed through with its longer-term bottoming process as the July interim bottom was tested this month. After having rallied 14.5% in July from […]
IDPs below Two Million for First Time since 2014
Iraq Displacement Figures Drop Below Two Million for First Time Since 2014; Nearly Four Million Have Returned Home For the first time in nearly four years, the number of displaced Iraqis has fallen below two million, according to a milestone IOM Displacement Tracking Matrix (DTM) report released today (04/09). Data collected by IOM staff for […]
"Dangerous Cars" being Imported into Kurdistan
According to a report from Rudaw, thousands of poor quality, overturned or water-damaged American cars have been imported to the Kurdistan Region over the past two years, due to the facilitations made by the KRG to car traders in a bid to increase revenues at customs points. Statistics produced by the ministry of trade and […]
UN Urges Speedy Formation of Govt to Tackle Iraq’s Problems
UN’s Kubiš Urges Calm and Speedy Formation of Government to Tackle Iraq’s Persistent Problems The Special Representative of the United Nations Secretary-General (SRSG) for Iraq, Mr. Ján Kubiš, expresses grave concern over the casualties during violent protests over the lack of critical public services in Basra. He offers condolences to the families of the dead […]
Pharma Firm pays $25m to Resolve Corrupt Payments
The US Securities and Exchange Commission (SEC) announced that Paris-based pharmaceutical company Sanofi has agreed to pay more than $25 million to resolve charges that its Kazakhstan and the Middle East subsidiaries made corrupt payments to win business. According to the SEC’s order, the schemes spanned multiple countries and involved bribe payments to government procurement officials […]
Iraqi Jews organizing to Regain Citizenship
By Saad Salloum for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. A number of Iraqi Jews are organizing to officially demand the restoration of their Iraqi citizenship and the annulment of Article 17/II of Iraqi Nationality Law no. 26 (2006), which expressly excludes […]
Coalition Strikes Continue Against ISIS Targets
Combined Joint Task Force Operation Inherent Resolve and its partners continue to pursue the lasting defeat of the Islamic State of Iraq and Syria in designated parts of Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported today. Operation Roundup, which began May 1 to accelerate the defeat of ISIS in the […]
216 New National Companies Formed
By John Lee. Iraq's Ministry of Trade has recently granted a license to enable the establishment of 216 national companies, and 10 international company branches. According to an announcement from the Government of Iraq, the development is part of a strategy to support the private sector and create job opportunities. (Source: Government of Iraq)