Asiacell Revenues Up 11%
By John Lee. Ooredoo Group has reported that to reactivation of its sites in Mosul has contributed to an 11% increase in Asiacell's customer base (12.5 million customers) in the first nine months of 2017. Revenue increased 6% to QAR 3.3 billion, "demonstrating Asiacell's leadership in the market despite the difficult political and economic situation", […]
Details of Latest Strikes Against ISIS
U.S. and coalition military forces have continued to attack the Islamic State of Iraq and Syria, conducting 11 strikes consisting of 17 engagements in recent days, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the most recent strikes, noting that assessments of results are based on initial reports. Strikes […]
Interview with Ahmed Tabaqchali, CIO of AFC Iraq Fund
Ahead of the Basra Oil, Gas & Infrastructure Conference taking place on the 30-31 October in Beirut, we caught up with one of the speakers, Ahmed Tabaqchali the CIO of AFC Iraq Fund on the importance of Iraq, the economy and what to look forward to at the event. Q. Why Iraq is such an […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th Oct 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD756 (-2.5%) / $772 (-2.5%) (weekly change) (-21.2% and -18.5% YTD change, respectively). The number of week traded […]
Italy contributes $2.7m to Stabilization in Iraq
The Government of Italy has contributed an additional US$2.7 million (€2.4 million) to UNDP’s Funding Facility for Stabilization (FFS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL). This brings Italy’s total contribution to FFS to almost US$10.6 million (€9.4 million) to date. Based on priorities identified […]
Reconstruction of Mosul Discussed with Key Partners
Planning Prospects for the Reconstruction and Recovery of Mosul Discussed with Key Partners The United Nations Human Settlements Programme (UN-Habitat), under the patronage of the Secretariat of the Council of Ministers, hosted a seminar in Baghdad to discuss Planning Prospects for the Reconstruction and Recovery of Mosul. The event gathered a wide range of partners, […]
CBI directs Banks to implement SWIFT Standards
The Central Bank of Iraq (CBI) has directed all Iraqi banks to adopt user protection standards approved by SWIFT before the end of 2017. The bank explained that the standards of the 16-user protection network can be summed up by the need to restrict access to the Internet, separate sensitive systems from the overall IT environment, […]
Female Booksellers turn the page on Gender Roles
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. With its shelves filled with books by Russian and Italian authors alongside contemporary Iraqi writers, Books Town provides a welcome refuge in Baqubeh in Diyala governorate, which is known […]
Congress Threatens to Withhold Arms from Baghdad
By Bryant Harris for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Congress is threatening to stop sending weapons to Baghdad after reports today that Iraqi forces and Iran-backed Shiite militias are shooting at US-friendly Kurdish forces in northern Iraq. Iraqi federal […]
$100m Investment Doubles ICTSI Port Capacity
The International Container Terminal Services Inc. (ICTSI) has signed the Expansion Agreement for the second major development phase of the Basra Gateway Terminal (BGT) in North Port, Umm Qasr, Iraq. Two new berths will be developed incorporating a 20 hectare yard area thereby raising annual BGT container handling capacity by 600,000 TEU to a total […]
Investment Opportunity: Factory to Produce Electrical Cables
Ur State Company, one of the companies of the Ministry of Industry & Minerals is pleased to announce the availability of an investment opportunity to participate in a percentage of production medium voltage cables products and invites Iraqi, Arab and foreign companies with experience and specialization in the field of investment to participate and contract […]
Data Portfolios Available for Basra Refinery
The Ministry of Oil has announced the availability of data portfoliso to develop the Basrah refinery. The closing date of selling data portfolios is at the end of the work hours of Sunday the 19th of November 2017, and the receipt of the documents from the companies which would like to fund and execute the above […]