October Market Review: Changed Oil Dynamics & Liquidity
By Ahmed Tabaqchali (pictured), 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. October was mostly a replay of the dog days of the summer as far as the market was concerned. However, two developments are worth […]
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 […]
Japan Lends $502m to Iraq for Development
JICA to Support Reconstruction in Power Supply and Iraqi Government’s Fiscal Reforms: Signing of Two Japanese ODA Loan Agreements for Iraq The Japan International Cooperation Agency (JICA) and the Iraqi Government have signed two loan agreements at Ministry of Finance in Baghdad. These two ODA (Official Development Assistance) loans, amounting to JPY 57,220 million (approximately […]
16% Growth in Zain Iraq Customer Base
By John Lee. Despite the exceptional socio-economic circumstances coupled with the continuation of intense price competition, Zain Iraq achieved USD 811 million revenues due to the impressive growth in data usage and numerous customer acquisition initiatives in the northern regions of the country. The operation’s efficiency drive saw EBITDA reach USD 281 million, reflecting a […]
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 […]