Tabaqchali: Oil Exports Recover to 60% of Pre-war Levels
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. Oil Exports Recover to 60% of Pre-war Levels The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), ended August down 2.4%, […]
Iraq "Hikes Oil Exports via Hormuz"
By Tsvetana Paraskova, for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Hikes Oil Exports via Hormuz in Boon for Asian Refiners OPEC's second-largest producer, Iraq, more than doubled its crude oil exports via the Strait of Hormuz in August as it […]
GE in Talks over Mansuriya Power Station Expansion
By John Lee. Iraq's Ministry of Electricity has held discussions with representatives of US company GE on expanding the Mansuriya gas power station and adding combined-cycle units. The meeting was chaired by Mohammed Nouama Al-Tufeili, the ministry's undersecretary for production affairs, and was attended by representatives of the Investments and Contracts Directorate, the Planning and […]
Social Dialogue Forum Launched in Kurdistan Region
By John Lee. A permanent tripartite Social Dialogue Forum has been established in the Kurdistan Region of Iraq, bringing together the Kurdistan Regional Government, workers' organisations and employers' organisations to jointly address labour market challenges and shape policies affecting employment and workers' rights. The Forum was officially launched in Erbil on 1 September, with the […]
DNO Withdraws Takeover Bid for Genel Energy
By John Lee. DNO ASA confirmed on Friday morning it does not intend to make an offer to acquire Genel Energy plc, following the Genel board's refusal to engage with its proposal. Genel shares fell more than 10% on the news. DNO had proposed 69 pence per share in cash, with a cash-and-share alternative. The […]
Record August for TIR Transit Journeys in Iraq
By John Lee. Iraq recorded 1,754 cross-border transit journeys under the TIR (Transports Internationaux Routiers) system in August, continuing a trend of growth in international road freight transit. Murtadha Karim al-Shahmani, Director General of the General Company for Land Transport, attributed the result to ongoing coordination between relevant authorities and the work of the company's […]
Iraqi Dates Expo Planned for Late October
By John Lee. Plans are under way for an Iraqi Dates Exhibition, scheduled for the end of October, aimed at promoting the export potential of Iraqi dates and strengthening their position in domestic and international markets. The first meeting of the preparatory committee was held by the Private Sector Development Directorate of the Ministry of […]
Death of Nawfal Alssabak, President of Brazil-Iraq Chamber
By John Lee. The Brazil-Iraq Chamber of Commerce and Industry (CCIBI), has announced that its President, Nawfal Alssabak, died on Thursday following a heart attack. In a statement, the Executive Vice President of the CCIBI, Jalal Jamel Dawood Chaya, said that Mr Alssabak worked tirelessly to bring Brazilian and Iraqi companies, authorities, and institutions closer […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 3rd September, 2026. Please click here to view a table of listed companies and their associated ticker codes. Rabee Securities' Market Indexes Change - Weekly Index Code Closings Change (w/w) (%) Change (YTD) (%) IQD-RSISX 2,736.5 -1.29% 7.03% USD-RSISX 2,690.7 -1.29% 7.03% […]
Al-Taif Islamic Bank put into Receivership
By John Lee. Al-Taif Islamic Bank for Investment and Finance has been placed in receivership following the discovery of serious violations that affected its financial position and depositors' funds. The Central Bank of Iraq (CBI) announced the measure today (Thursday, 3rd September), citing Article 59 of the Banking Law No. 94 of 2004 (as amended). […]
Customs Automation Push: ASYCUDA Expansion and Pre-Payment Plans
By John Lee. Plans to expand Iraq's customs automation system and introduce pre-payment of customs duties are under active review. Finance Minister Faleh Sari chaired a meeting on Wednesday with officials from the General Customs Authority and experts from the United Nations Conference on Trade and Development (UNCTAD) to discuss next steps. According to the […]
Iraq's Strategic Oil Production Plan for 2027-2030
By John Lee. Iraq has set a target of raising oil production to around 10 million barrels per day (bpd) by 2030, under a strategic plan covering the period 2027-2030. According to the Prime Minister's Office (PMO), Prime Minister Ali al-Zaidi chaired a meeting at the Ministry of Oil attended by the ministers of finance […]