By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "2021 Review and Outlook for 2022" The market, as measured by the Rabee Securities RSISX USD Index, had a strong recovery in December with a […]
Dana Gas and its partner, Crescent Petroleum, have reported record sales gas production from their operations in the Kurdistan Region of Iraq (KRI), reaching 452 million cubic feet of gas per day (MMscf/d) at the end of 2021. The production milestone is the culmination of numerous process improvements at the Khor Mor gas plant, including […]
By John Lee. Prime Minister Mustafa al-Kadhimi has chaired a meeting of the Higher Committee for Health and National Safety in Baghdad. The committee decided that all arriving passengers, including Iraqi nationals, must hold a Covid-19 vaccination certificate. It also decided to end the exemption for umrah pilgrims from the requirement to have a Covid-19 […]
Genel Energy announced on Tuesday that Esa Ikaheimonen (pictured), Chief Financial Officer, has advised the Board of his intention to leave the company on 16 March 2022, following the announcement of the Company's 2021 financial results the day before. In a statement, the company said that a search for a suitable replacement is ongoing and […]
Professor Frank Gunter of Lehigh University in US, and a member of IBBC's advisory council, has updated his celebrated work 'The Political economy of Iraq' after its initial publication 10 years ago. As a constant observer and supporter of Iraq, Frank has a long term and deep insight into the country and is in constant […]
By John Lee. The European Union's Ambassador to Iraq has announced that Iraq has been removed from its list of countries deemed to carry a high risk of money laundering. Following a meeting with Prime Minister Mustafa al-Kadhimi in Baghdad on Sunday, Ville Varjola tweeted: "Bringing the good news today to HE Prime Minister Mustafa […]
By John Lee. Nudhum Albenaa for Engineering and Technical Consultancy has won a contract with the United Nations Office for Project Services (UNOPS) for "Design Consultancy Service for the Rehabilitation of selected Housing Units and Critical Services in Anbar". The contract is valued at $648,000. (Source: UNGM)
By John Lee. Iran's Minister of Roads and Urban Development, Rostam Qasemi, has said the Shalamcheh-Basra railway project, linking Iraq and Iran, will be completed within two years. He added that a joint venture between the Islamic Republic of Iran Railways and Iraqi Republic Railways (IRR) will be set up in two months. The most […]
By John Lee. The Iraqi government is working to set up a special fund to contribute to the development of Najaf province. Prime Minister Mustafa al-Kadhimi made the announcement following a visit to Najaf on Thursday. He also instructed the Ministries of Construction, Housing, Municipalities and Public Works to find solutions to the problems of […]
A new Iraqi think-tank has been set up with the aim of finding realistic and practical solutions to rebuilding the Iraqi state, enhancing safety and security, a.......nd rooting out corruption and sectarianism. The Iraq Forum for Dialogue says it supports "a strong and just national government stemming from the will of the people, and the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th January 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD938 (+2.2%) / $823 (+2.2%) (weekly change) (+2.2% and +2.2% YTD change, respectively). The number of week traded […]
As we publish our first newsletter of the new year, we'd like to say a special word of thanks to all of our contributors, including our panel of Expert Bloggers, who have given us the benefit of their wisdom and observations over the past twelve months: Ahmed Mousa Jiyad Ahmed Tabaqchali (AFC Iraq Fund) Alice […]
