By John Lee. Ultra-low-fare airline Wizz Air Abu Dhabi, has announced its latest route to Erbil, in the Kurdistan Region in Iraq. Flights to Erbil will commence on 6th October and will operate twice a week, on Monday and Friday. Wizz Air Abu Dhabi is a subsidiary of Hungary's Wizz Air. (Source: Wizz Air Abu […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdish farmers struggle to market their wheat After two difficult years because of lack of rain, Kurdistan Region's farmers were hopeful that this summer's bountiful wheat harvest would finally bring them some financial relief. […]
By John Lee. Iraqi Prime Minister Mohammad Shia Al-Sudani chaired a meeting this week to discuss the current state of the industrial sector in Iraq and the launch of a new industrial initiative to boost this sector. The meeting was attended by advisors and private sector representatives. The meeting discussed the initiative, which includes reviewing […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th July 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 1,113.5 2.4% 22.3% RSISX USD Index 1,094.8 […]
By John Lee. China's Zhongman Petroleum and Natural Gas Group Corporation (ZPEC) has signed a major drilling engineering service contract for Iraq's giant Rumaila oilfield. The contract was signed on Sunday with the Basra Energy Company Limited (BECL), which was set up in 2021 to operate the field, and announced to the markets on Wednesday. […]
By John Lee. The US has reportedly barred 14 Iraqi banks from conducting dollar transactions, as part of a crackdown on illegal transfers of dollars to Iran and other sanctioned countries. According to the Wall Street Journal, the banks include Al Mustashar Islamic Bank, Erbil Bank, World Islamic Bank, Zain Iraq Islamic Bank and Al […]
From Middle East Monitor, under a Creative Commons licence. Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. US Secretary of State, Antony Blinken, on Tuesday signed a new national security waiver letting Iraq pay Iran for electricity that, for the first time, allows such […]
By Bilal Wahab and Dennis Ross, 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. Iraq's Power Problem (Part 2): Implications of the New Oil-for-Gas Deal with Iran Baghdad hopes to avoid power cuts, political turmoil, and […]
By John Lee. The Iraqi Minister of Transport, Mr. Razaq Mahibis Al-Saadi, held a wide-ranging meeting with a delegation from the United Arab Emirates (UAE) representing Abu Dhabi Ports and Etihad Rail at the Ministry's headquarters in recent days. He welcomed the visiting delegation, highlighting the exceptional relationship between Iraq and the UAE and expressing […]
By John Lee. Iraqi Prime Minister Mohammed Shia al-Sudani visited Syria on Sunday, meeting with Syrian President Bashar al-Assad in Damascus. In the first such visit by an Iraqi prime minister in at least 12 years, Sudani said his aim was to, "discuss cooperation in all fields, and to strengthen the relationship, which we believe […]
By John Lee. A report from Telegraph India suggests that ONGC Videsh Ltd (ONV) is considering resuming operations in Iraq. The company received the rights to Block 20 in the Western Desert (then known as "Block 8") in 2000, but declared force majeur in 2003 due to the security situation at that time. According to […]
By John Lee. Mr. Mohammed Jaafar Al-Sadr, the Iraq Ambassador to London, received Mr. Amet Selman, CEO of AAA Holding Group (AHG) and an investor in the phosphate fertilizer plant in Basra on Monday. During the meeting, Mr. Selman briefed the Ambassador about the company's activities in Iraq, particularly their partnership with the Ministry of […]
