Market Review: “Frenzies and Market Bottoms”
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 RSISUSD index, marked an important bottom in July as part of a likely bottoming process. The multi-month bank selling shifted […]
Cabinet Approves Funding for Infrastructure Projects
The Cabinet held its weekly regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Haider Al-Abadi, and discussed progress in the implementation of measures to improve the delivery of essential services across Iraq. It approved an allocation of 4 billion Iraqi dinars for the comprehensive and immediate maintenance of the soil barrier […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd Aug 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD751 (-5.1%) / $806 (-5.1%) (weekly change) (-7.4% and -3.6% YTD change, respectively). The number of week traded […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Epidemiologist, WHO - World Health Organization Senior Programme Officer, UNOPS - United Nations Office for Project Services Child Protection Specialist, UNICEF - United Nations Children's Fund Programme Analyst, Gender/GBV, UNAMI - United Nations Assistance Mission for Iraq Deputy Representative, UNFPA - United Nations […]
New Career Opportunities in Iraqi Kurdistan
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Emergency Response and Recovery (ERR) Program Manager, Catholic Relief Services (CRS) Education Project Coordinator, Norwegian Refugee Council (NRC) Deputy Health Coordinator, Première Urgence Internationale (PUI) Financial Coordinator, Première Urgence Internationale (PUI) Finance Officer, UNAMI - United Nations Assistance Mission for Iraq Logistics […]
Understanding Iraq’s Debt
By John Lee. The Al-Bayan Center for Planning and Studies has just published a new report from our Expert Blogger Ahmed Tabaqchali. Entitled "Understanding Iraq’s debt: An overview of its status, outlook and origins", the report argues that much of that debate about Iraq's debt is out of context, mixes loosely related facts and figures […]
Oil Exports Rise in July
By John Lee. Iraq’s Ministry of Oil has announced interim oil exports for July of 109,847,268 barrels, giving an average for the month of 3.543 million barrels per day (bpd), an increase from the 3.521 bpd exported in June. These exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan. Revenues […]
Deloitte Report on Oil and Gas in Kurdistan
Pursuant to the Kurdistan Regional Government Council of Ministers resolution No.73 (3 February 2016) establishing an independent review of the oil and gas industry, today new verified data on oil exports, consumption and revenues have been published covering the period from 1 July 2017 to 31 December 2017. This is a continuation from the first […]
Protesters Prevented from Storming West Qurna Oilfield
By John Lee. Security forces in Basra province have reportedly prevented demonstrators from storming the West Qurna 1 oil field on Wednesday. A military source told Anadolu Agency that demonstrators blocked all roads leading to the facility, prompting local security forces to intervene. (Source: Anadolu Agency)
79 Iraqi Civilians Killed in July
A total of 79 Iraqi civilians were killed and another 99 injured in acts of terrorism, violence and armed conflict in Iraq in July 2018*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The figures include ordinary citizens and others considered civilian at the time of death or injury, […]
New Power Plant inaugurated in Sulaymaniyah
Kurdistan Regional Government Prime Minister Nechirvan Barzani inaugurated a new power station in Sulaymaniyah. In a speech during the ceremony, Prime Minister Barzani thanked South Korea for helping build the plant, which generates 400 KV electric power. He also said that despite major challenges, the KRG has taken serious steps ahead, and it allocated significant […]
Zain Iraq Performs "Exceptionally Well" in 1H-2018
By John Lee. Zain Iraq performed "exceptionally well" in H1 2018 when compared to H1 2017 with revenues reaching USD 558 million, a 7% increase Y-o-Y and EBITDA reached USD 194 million, up 8% reflecting an EBITDA margin of 35%. According to a statement from the company, the operation reported a net profit of USD […]