Iraq
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Featured
Iranian president to embark on maiden foreign visit to Iraq
Iranian President Masoud Pezeshkian will leave Tehran for the Iraqi capital Baghdad on Wednesday, marking his first foreign trip since taking office in late July, local media reported. During the visit, Pezeshkian is expected to hold meetings with high-ranking Iraqi officials and sign several cooperation agreements and security memoranda. Iranian Ambassador to Iraq, Mohammad-Kazem Al-e Sadeq said the trip is…
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Featured
Hikma expands its agreement with AFT Pharmaceuticals for the commercialisation of injectable pain medication Combogesic® into the Saudi, Jordanian and Iraqi Markets
Hikma Pharmaceuticals PLC (Hikma), the multinational pharmaceutical company, has announced that it has recently signed an exclusive licencing agreement with AFT Pharmaceuticals (AFT) for the registration and commercialization of Combogesic® IV, an intravenous, opioid-free pain relief medicine for the short term symptomatic treatment of acute pain in adults and the reduction of fever, in Saudi Arabia, Jordan, and Iraq. It is…
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Africa
Iraq Stock Exchange’s trading volume grew by 227% in January
Baghdad, Iraq — In January 2023, Rabee Securities Iraq Stock Exchange Index increased by 5.0% due to the increase in share prices of all companies in the index except Baghdad Soft Drinks (-6.7%), which has the largest weight in the index. Al-Mansour Pharmaceutical Industries had the highest increase among the index companies with +41.8%, followed by National Bank of Iraq…
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Africa
Choueiri Group’s Digi Net Arabia FZ-LLC(“DNA”) appointed Exclusive Media Representatives across the GCC and Levant for Alsumaria Group in Iraq.
Dubai, United Arab Emirates — DNA, which operates from within Choueiri Group – the leading media representatives in the Middle East, recently announced their latest appointment as the Exclusive Media Representatives for the Alsumaria TV Network in Iraq. The tie-up which officially became effective as of January 1, 2023, is envisioned to be operative for an initial period of five…
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Positive Outlook for 2023
Baghdad, Iraq — For a country enshrined in political controversy and uncertainty, the economic outlook for the future of Iraq looks optimistic, according to Rabee Securities Founder and Chairperson Shwan Ibrahim Taha. He said: “Under the circumstances, the Iraq markets and economy have managed to stand firm, which is what is required in a such difficult political standstill and tense…
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Africa
Bank of Baghdad share increase 88% In last 12 months
Baghdad, Iraq — A recent research report by Rabee Securities showed that Bank of Baghdad’s profit before tax decreased by 3% quarter on quarter during the 2nd quarter of 2022 to $8.2 million. The bank increased total revenues by 4% in the 2nd quarter compared to the previous quarter, reaching $16.7 million. According to Research Team at Rabee Securities, there…
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Africa
High Dividend Distribution in Iraq
DUBAI, United Arab Emirates – Six companies listed in Iraq Stock Exchange (ISX) distributed healthy cash dividends, with Asiacell <TASC:IQ> leading the way with an 11.8% dividend yield. The company is the second-largest mobile operator in Iraq, with the greatest number of subscribers and the most extensive in terms of revenue market share. According to Rabee Securities, many Iraqi listed…
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Africa
Iraq Stock Exchange volume decreased by 30% during May 2022
Dubai, United Arab Emirates — Iraq Stock Exchange’s (ISX) trading volume in May dropped 30% compared to the previous month to US$46.7 million. The banking sector had the highest share in trading volume with 81.2%, followed by the telecoms sector with a 6.2% share. Ayşegül Özge Özgür, SVP, Head of Research at Rabee Securities, said: “The month witnessed a high…
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Middle East
“Captain Tsubasa: Dream Team” Celebrates Release in Iraq with Mobile Carrier Zain Iraq
Tokyo, Japan, April 12, 2021 : KLab Inc., a leader in online mobile games, announced that its head-to-head football simulation game Captain Tsubasa: Dream Team will have a special collaboration with the MENA area mobile carrier Zain Iraq to celebrate the release of the game in Iraq. The special Iraq Release Campaign began on Thursday, April 1 for Zain Iraq…
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Energy & Environment
Fired Unaoil executives convicted of bribing Iraqi officials
Two former managers of Monaco-based energy consultancy Unaoil have been convicted in Britain of bribing Iraqi officials to clinch lucrative oil projects as the war-ravaged country tried to boost exports after the fall of Saddam Hussein in 2003. A London jury found British-Lebanese Ziad Akle, Unaoil’s former Iraq territory manager, and Stephen Whiteley, a British former manager for Iraq, Kazakhstan…
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Asia
US Military Confirms Five More Airstrikes in Iraq, Including Strike Against ISIS Ground Unit
U.S military aircraft confirmed that it had conducted five new airstrikes against targets related to the Islamic State of Iraq and Syria on Monday. According to U.S. Central Command, the latest strikes utilized attack, fighter and remotely-operated aircraft on Sunday and Monday. Undertaken to support Iraqi forces near Erbil and the Sunni tribes near the Haditha Dam, the strikes destroyed…
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NEWS
Iraqi factions hit new delay in forming government
Iraq’s parliament failed on Sunday to break a political deadlock that is holding up the formation of a new government to tackle an Islamist-led insurgency raging less than 50 miles (80 km) from Baghdad. After a brief session, parliamentary officials put off until Tuesday efforts to reach agreement between Shi’ite, Sunni and Kurdish politicians on the posts of prime minister,…
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