By John Lee. On Sunday, November 19, 2023, the Kurdistan Regional Government's Prime Minister, Masrour Barzani, officially inaugurated the Distar Factory, a cutting-edge wheat flour mill, located in Domiz, Duhok Governorate. During his speech, Prime Minister Barzani emphasised the KRG's dedication to enhancing the agricultural sector and securing food security as top priorities. He outlined […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th November 2023). 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 1,486.7 -1.1% 63.3% RSISX USD Index 1,461.8 […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Delayed polls could undermine Kurdish autonomy in Iraq After extensive delays, Iraqi Kurdistan is slated to hold regional parliamentary elections on Feb. 25 next year. The vote, already postponed twice, threatens […]
By John Lee. An Italian engineering company has won a major contract for a gas processing project in Iraq. In its 47th regular session, chaired by Prime Minister Mohammed Shia Al-Sudani, the Iraqi Cabinet approved the establishment of a nitrogen unit and gas compression and drying facilities at the West Qurna 2 field, and the […]
By John Lee. On November 22, the Second round of Armenian-Iraqi political consultations were held in Yerevan. The Armenian delegation was led by the Deputy Minister of Foreign Affairs of the Republic of Armenia Vahan Kostanyan, the Iraqi delegation was headed by the Deputy Minister of Foreign Affairs of the Republic of Iraq Mohammed Hussein […]
From the International Labour Organization (ILO): ILO's groundbreaking afforestation project in Kurdistan Region of Iraq boosts sustainable development and decent work The initiative, funded by the Government of the Netherlands under the PROSPECTS Partnership, aims to address climate challenges and create over 700 short-term jobs for local Iraqis, internally displaced persons (IDPs), and Syrian refugees. […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of two oil wells in the Zubair and Fakka [Jabal Fauqi] oil fields. The ZB-608 oil well in the Zubair oil field reached a depth of 3,598 meters using the 1,500-horsepower IDC 38 drilling rig. This is part of the contract with […]
By Simona Foltyn, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Rise and Fall of an Iraqi Strongman Mohammed al-Halbousi's ruthless consolidation of power alienated both Sunnis and Shiites. Click here to read the full article (subscription required).
By Bilal Wahab and Selin Uysal, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will an Iraqi Front Open in the Hamas-Israel War? The risky tit-for-tat strikes between U.S. and militia forces are one symptom of […]
By John Lee. The UK's Department for Business and Trade has said that total trade in goods and services (exports plus imports) between the UK and Iraq was £1.1 billion [$1.38 billion] in the four quarters to the end of Q2 2023, an increase of 54.2% or £391 million in current prices from the four […]
By John Lee. Germany's Gesellschaft für Internationale Zusammenarbeit (GIZ) (German Agency for International Cooperation) has joined forces with the Iraqi Private Banks League (IPBL) to work on more inclusive financial services. "Together, we can harness the unique strengths from both the private sector and the public sector and make a significant contribution to financial inclusion […]
By Aziz Al Nassiri. This document explains the Iraqi University Ecosystem (IUE) project Introduction: The business environment in Iraq is one of the most challenging in the region. Instability, lawlessness, corruption, absence of development plans, flight of capital, brain drain, diminution of the middle class, rentier economy, rapid population growth, global warming, Fourth Industrial Revolution. […]
