By John Lee. DNO ASA, the Norwegian oil and gas operator, will publish its Q4 2023 operating and interim financial results on 8 February at 07:00 (CET). A videoconference call with executive management will follow at 14:00 (CET). The Company issues below an update on production and sales volumes for the quarter as well as […]
By John Lee. The Iraqi Cabinet has approved the allocation of a 433-donum plot of land for the Dhi Qar Reconstruction Fund. The land, part of the Tourist City of Ur, will facilitate the completion of designated projects. Additionally, approvals include: Transferring ownership of property near Imam Hussein Street to the local administration in Dhi […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has presided over a meeting with representatives from Ernst & Young (EY), specializing in auditing and financial consulting. The preliminary draft of the company's plan for restructuring the state-owned Rafidain Bank was discussed. According to a statement from the Prime Minister's office, he emphasized the need […]
By John Lee. Canada's Three Sixty Solar has announced the signing of a Memorandum of Understanding (MOU) for the sourcing, fabrication, implementation, and distribution of vertical solar tower systems within the Middle East, North Africa, and Turkey. The company signed the MOU with a consortium of partners including Infraforward Strategies (US), Tareeq Al-Ahmadi Company (Iraq), […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has inaugurated the new Ya Hussain road in the center of Nasiriyah, Dhi Qar Province. The road, part of the Thi Qar Reconstruction Fund, consists of two segments: The first, spanning 3 km, features four main and service lanes, central islands, green spaces, and seating areas. […]
By John Lee. Iraq was the nation with the largest number of internet shutdowns in 2023, according to a survey from Top 10 VPN. Its 66 shutdowns almost all occurred in relation to school exams, in an attempt to prevent cheating. Internet blackouts lasted a total of 185 hours, while social media shutdowns totalled 280 […]
By John Lee. Qi Card has announced the inclusion of all holders of Rafidain Bank cards in the Western Union money transfer service. Director Ali Hussein Mun'im said the decision was made in order to serve a broader segment of the public. Qi Card was established in 2007 as a joint venture between the private […]
By John Lee. Iraq's Minister of Electricity, Engineer Ziad Ali Fadel, met with a delegation from the Qatari company Urbacon on Monday. The discussions focused on plans for the reconstruction of the Baiji Thermal Power Station in Salahuddin Province. The plant, which the Ministry sees as an investment opportunity, has a capacity of 2,100 MW. […]
By John Lee. British telecommunications company BT, and Iraq's Basrah Gas Company (BGC), have announced a new agreement to, "securely connect the company's operations in Iraq and help accelerate its digital transformation." Iraq's largest gas flare reduction company and a joint venture among the Iraqi Government, Shell and Mitsubishi, announced a new agreement to securely […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 11th Januarty 2024). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,520.1 -0.9% -2.2% RSISX USD Index 1,494.7 […]
By John Lee. Iraq's Minister of Industry and Minerals, Dr. Khaled Batal Al-Najm, has ordered the doubling of cement production to meet the rising demand for essential construction materials. According to a statement from the Ministry, this surge in demand is driven by ongoing infrastructure projects and the government's plan to build fully serviced residential […]
By John Lee. Iraq's Cabinet has endorsed the Energy Council's recommendation to contract with Sama Baghdad and United Aras for the expansion of the gas-powered Haidariya Power Station. According to a statement following Tuesday's cabinet meeting, Iran's MAPNA Group will bear full responsibility for material provision and contract execution, "deviating from regulations based on the […]
