Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th July 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD649 (+0.4%) / $698 (+0.4%) (weekly change) (-1.6% and -1.7% YTD change, respectively). The number of week traded […]
By John Lee. The Iraqi government has reportedly issued warrants for 26 former and current top officials, including 11 ex-ministers, who are suspected of corruption. According to the Organized Crime and Corruption Reporting Project (OCCRP), the warrants issued included 15 to director generals. Sources told Asharq Al-Awsat that none of the warrants are for current […]
By John Lee. Iraq’s Ministry of Oil has announced finalised oil exports for June of 105,603,325 barrels, giving an average for the month of 3.520 million barrels per day (bpd), down from the 3.572 million bpd exported in May. These exports from the oilfields in central and southern Iraq amounted to 101,705,000 barrels, while exports […]
By John Lee. The National Investment Commission (NIC) has announced a new investment opportunity in Iraq: Rehabilitation, Modernization and operation of Plastic factories, Municipalities and Public Works (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
By John Lee. The United Nations has advertised new positions in Iraq: Security Officer, UNAMI - United Nations Assistance Mission for Iraq Project Assistant, UNAMI - United Nations Assistance Mission for Iraq Livelihoods Assistant, Norwegian Refugee Council (NRC) Security Coordinator, Norwegian Refugee Council (NRC) Project Assistant, IOM - International Organization for Migration Field Finance Coordinator, […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Program Coordinator, Office of U.S. Foreign Disaster Assistance (OFDA) Associate Political Affairs Officer, UNAMI - United Nations Assistance Mission for Iraq Web Developer, UNAMI - United Nations Assistance Mission for Iraq Human Resources Associate, UNAMI - United Nations Assistance Mission for Iraq […]
Alongside Founder, Chairman and CEO Stephan Crétier (pictured), funds advised by BC Partners, a leading international private investment firm, and others have reached a definitive agreement to acquire Rhône Group's equity interest in Garda World Security Corporation ("GardaWorld"), the largest privately-owned security and cash services company in the world, in a C$5.2 billion recapitalization. Following […]
On Tuesday, the United Nations Compensation Commission (UNCC) made available $270 million to the Governmentof the State of Kuwait towards the Commission’s remaining claim with an outstanding award balance. The United Nations Compensation Commission was established in 1991 in accordance with Security Council resolutions 687 (1991) and 692 (1991) to process claims and pay compensation […]
By John Lee. Iran has reportedly reassured Iraq that there will be freedom of international maritime navigation in the Strait of Hormuz. Iranian President Hassan Rouhani (pictured) gave the reassurances to an Iraqi delegation visiting Tehran. (Source: Reuters)
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Former government spokesman tapped as KRG foreign relations head Iraq's Kurdistan Regional Government (KRG) has formally announced that Safeen Dizayee, the former spokesman of the KRG, will serve as […]
By John Lee. The Kurdistan Regional Government's long-serving Minister of Natural Resources (MNR), Ashti Hawrami (pictured), is to be appointed to the post of Assistant Prime Minister for Energy Affairs in the new KRG cabinet. According to a report from Rudaw, it is not currently clear whether the move will result in the scrapping of […]
By John Lee. Iraq's Minister of Oil Thamer Ghadhban has announced the rehabilitation of the Al-Sumoud refinery in Baiji. He said initial production rates are running at 70,000 barrels per day (bpd). (Source: Ministy of Oil)
