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Economics

Iraq Considers Combining Ministries of Oil and Electricity

A group of lawmakers have put forward a proposal at the Iraqi parliament to combine the two ministries of Oil and Electricity. MP Amjad Eqabi, a member of the parliamentary committee for oil and energy, told reporters on Tuesday that the proposal was made by his committee to combine the two ministries into one named Ministry of Energy. He said the move might help the government to formulate a better feasible solution to address electricity issues. However, according to MP Eqabi, the proposal will need thorough scrutiny before voting on a new ministerial law for the new government department.

Source: http://www.basnews.com/index.php/en/news/iraq/580880

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RSISX Index

Type Close % Chg YTD % Chg
IQD RSISX 586.5 -0.2% -11.0%
USD RSISX 626.6 0.2% -10.6%

Best & Worst Performers

Best Performers

Code Closing (IQD) % Chg
BIBI 0.260 8.3%
IITC 10.250 2.5%
SKTA 4.250 2.4%
INCP 2.230 1.8%
IMAP 1.100 0.9%

Worst Performers

Code Closing (IQD) % Chg
BNAI 0.680 -9.3%
HNTI 9.850 -4.3%
BKUI 1.060 -2.8%
BMNS 0.610 -1.6%
HBAY 67.000 -0.7%

TOP 5 Traded Volume

Code Trading Vol.
(IQD mn) / d
Trading Vol.
($'000)/d
BTRI 1,960.1 1,613.2
BKUI 123.0 101.2
SKTA 68.4 56.3
BMNS 53.1 43.7
TASC 43.5 35.8

Trading Volumes by Sectors

Sector Trading Vol.
(IQD mn)/d
Trading Vol.
('000 $)/d
Telecom 45.4 37.4
Banking 2,181.4 1,795.4
Industry 103.2 84.9
Hotels & Tourism 6.6 5.4
Services 70.7 58.2
Agriculture 2.5 2.1
Insurance 1.1 0.9
Investment - -
Money Transfer - -
Total 2,410.9 1,984.3