Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th January 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD944 (+4.4%) / $828 (+4.4%) (weekly change) (+2.8% and +2.8% YTD change, respectively). The number of week traded […]
By Michael Knights and Alex Almeida, for the Combating Terrorism Center. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Islamic State at Low Ebb in Iraq: The Insurgent Tide Recedes Again Following a sustained buildup in attacks throughout 2019 and into first half […]
By Hamzeh Hadad, for the Konrad-Adenauer-Stiftung. Path to Government Formation in Iraq How Violence and Elite Sectarianism lead to Consensus Governments About three months after the Iraqi parliamentary election of October 10, 2021, no new government has been formed yet. Previous elections show that it takes time until the three presidencies - the speaker of […]
UK-based Aggreko has announced that it has completed commissioning of the largest flare-gas-to-power project in the Middle East to date at 165 MW capacity. The plant is situated nearby the Saqala [Sarqala] Field, Garmain block, South East Kurdistan. The 165 MW modular power plant has run at full capacity for 72 hours in the project's […]
By John Lee. Iraq and Saudi Arabia have signed a memorandum of understanding (MoU) to link their power grids. It was signed by Saudi Arabia's Minister of Energy, Prince Abdulaziz bin Salman, and Iraq's Minister of Electricity, Adel Karim. The Secretary-General of Iraq's Council of Ministers, Dr. Hamid Naim Al-Ghazi [Hamed Al Gazi], called on […]
By John Lee. The Iraqi Cabinet has directed the Ministry of Finance to provide 15 billion dinars (approximately $10 million) to the Ministry of the Interior, the Agency for Federal Security Affairs, and the Border Guard Forces Command, to enhance security and start the second phase of construction of a concrete barrier between Wadi Al-Ajeeh […]
By John Lee. The President of the Iraqi National Oil Company (INOC) has laid the foundation stone for the $594-million crude oil processing plant at Block 9, within the Al-Fayha Oil Field in Basra Province. Ihsan Abdul-Jabbar Ismail said that the development is important for the production of light oil, with a target for this […]
By John Lee. The Kurdistan Development Corporation (KDC) has bought the majority shareholding of Erbil-based KREDCO Real Estate Limited Company. KREDCO has previously been described as a joint venture between the KDC and the Kuwait-based National Real Estate Company (NREC). According to a disclosure to the Kuwaiti stock exchange, NREC said it sold its 51-percent […]
The United Nations World Food Programme (WFP) and Kurdistan Regional Statistics Office (KRSO) signed a new agreement on research into food security, to support informed decision-making on efforts to support vulnerable families in the Kurdistan Region. An important element of the partnership is training, and helping strengthen the skills and expertise of KRSO staff in […]
Gulf Keystone has provided an operational and corporate update: Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "We are pleased today to declare an additional interim dividend of $50 million, bringing distributions over the past eight months to $150 million in line with our commitment to balance investment in growth with returns to shareholders. […]
The World Health Organization (WHO) handed over more than 20 tons of urgently needed medical technologies to the Ministry of Health in the Kurdistan region of Iraq. The 117-pallet consignment contains a variety of emergency medical devices, mechanical and intensive care unit beds, personal protection equipment (PPEs), and in-kind medical furniture that will contribute to […]
By John Lee. The Chinese company Sinopec (China Petroleum & Chemical Corporation) has signed a deal to develop the Mansuriyah gas field in Diyala. The field, near the Iranian border, is expected to produce 300 million standard cubic feet (Mmscf) per day of gas, which will be used for electricity generation and "various industrial projects". […]
