By John Lee. Telecom Egypt and Orange Jordan have reportedly announced an agreement to connect Iraq's telecommunications system to Europe through Jordan and Egypt. According to Zawya, the new system will be known as the "Cairo Amman Baghdad System (CAB System)." It is planned to be operational in the current quarter. (Source: Zawya)
By John Lee. Work has begun on the project to extend the gas pipeline from the Akkas gas field to the Akkas power station, in the Qaim district of Anbar Governorate. The General Manager of the State Company for Oil Projects (SCOP), Shaker Mahmoud Khalaf, said the pipeline (pictured) will be 35 kilometers in length. […]
By John Lee. Al-Safwa Office has won a new contract with the United Nations Office for Project Services (UNOPS), for the supply and installation of solar street lights in Anbar. The contract is valued at $449,560. (Source: UNGM)
UNESCO and UNICEF commend Iraq's commitment to transform national education by engaging in the Transforming Education Summit UNICEF and UNESCO have commended Iraq for the submission of the National Statement of Commitment for the upcoming Transforming Education Summit (TES), that will take place in New York from 16 to 19 September. This Commitment outlines a […]
In Numbers 256,176 people assisted in July 2022 US$3.2 m cash-based transfers made US$44.2 m six months (August 2022-Jan 2023) net funding requirements Operational Updates In July, WFP provided cash and food assistance to 184,091 internally displaced persons (IDPs), 68,725 refugees, and 3,360 people from vulnerable communities through resilience building initiatives. In early July 2022, […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th August 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD877 (-0.02%) / $764 (-0.02%) (weekly change) (-4.5% and -5.1% YTD change, respectively). The number of week traded […]
By John Lee. As part of reform efforts by the Kurdistan Regional Government's ninth cabinet to improve the delivery of public services and foster economic development in the Kurdistan Region, Prime Minister Masrour Barzani (pictured) has announced the government will allocate 736.7 billion dinars [$505 million] for the years 2022 and 2023 in cash and […]
By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, has said that the NIC has specified "a number of legal and financial conditions" to proceed with the development of the Bismaya Residential City southeast of Baghdad. She said the NIC is now waiting for a reply from South Korean firm […]
By John Lee. The European Union is preparing to allow Iraqi Airways planes to operate again within the EU. On Wednesday, the Ambassador of the European Union to Iraq, Ville Varjola, told the Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, of his quest to resolve this issue with the relevant authorities. The airline […]
Writing in Oil Price, Simon Watkins argues that while Iraq's plans to increase oil production are, in broad terms, entirely realistic, the extent of Iraq's ultimately recoverable oil resources is subject to a large degree of uncertainty. Click here to read the full article.
By John Lee. Iraq's Ministry of Water Resources has reportedly invited bids from three international companies to build a dam on the Shatt al-Arab waterway, to help reduce salinity in the river. Economy News lists the firms invited to bid as Energoprojekt of Serbia, Hydronova of Italy, and Deltares from the Netherlands. It says that […]
By John Lee. Iraq's Minister of Finance, Ali Allawi, has reportedly resigned during the Cabinet meeting today (Tuesday). Both Associated Press and Shafaq News Agency cite sources as saying that Prime Minister al-Kadhimi accepted the resignation, and appointed the Oil Minister, Ihsan Abdul-Jabbar Ismail, as Acting Finance Minister. The Prime Minister's statement following the cabinet […]
