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: Will Iraq's central bank bring an end to the dinar crisis? The Iraqi dinar has since mid-December plummeted on the parallel market, trading for as low as 1,750 against the US […]
Iraq Reform, Recovery and Reconstruction Fund I3RF : Trust Fund Annual Progress Report to Development Partners 2022 The Iraq Reform, Recovery and Reconstruction Fund (I3RF) was founded in partnership with the Government of Iraq in 2018 and is funded by Canada, Germany, Sweden and the United Kingdom.The Trust Fund provides a platform for financing and […]
By John Lee. The Director General of the Iraq Railways Company, Eng. Yunus Khaled Jawad, held a meeting with representatives of Alstom and Hyundai this week at the company's headquarters. The purpose of the meeting was to discuss the plan for the implementation of the Baghdad Elevated Train (BET) project, also known as "Baghdad monorail". […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th February 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Return RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 925.1 -2.3% 1.6% RSISX USD Index 811.3 […]
UNDP and Government of Iraq hold strategic planning workshop on reintegration in Iraq Led by the Government of Iraq, the United Nations Development Programme Iraq (UNDP), and the Global Community Engagement and Resilience Fund, a three-day workshop has brought together experts and practitioners on reintegration in addition to representatives from government, academia, civil society, and […]
By John Lee. Iraq's Council of Ministers has approved the recommendation of the Economic Energy Council to sign contracts for the fifth energy licensing round. According to a government statement, the fifth-round projects had been suspended for four years due to "a complaint about the correctness of the procedures." It adds that, "after this file […]
By John Lee. Iraq's giant Nibras (Nebras) petrochemical project looks set to be revived, according to a statement from the Iraqi government. The Cabinet made a number of decisions relating to the project this week, including: Setting the price of the gas used to operate the project at 1.5 dollars per million British thermal units […]
By John Lee. The Gulf Cooperation Council Interconnection Authority (GCCIA) has signed 5 contracts with companies to implement the electrical interconnection project between the Gulf states and Iraq. According to a post by @raad_arabi on Twitter, the total cost of the project is more than $200 million. The authority will construct a 295-km power line […]
Dana Gas PJSC has announced its preliminary financial results for the full year ended 31 December 2022: The Company reported net profit of AED 667 million ($182mm) in 2022 as compared to AED 1.16 billion ($317mm) in 2021. Excluding other income and impairments, Dana Gas reported adjusted net profit of AED 718 million ($196mm) as […]
By John Lee. Iraq's Minister of Agriculture, Abbas Jabr al-Olayawi [Alayawi, Obada], has received the delegation of the Austrian company Bauer, a manufacturer of sprinklers and irrigation systems. The delegation was led by the Financial Director of the company, Andreas Schitter. The Minister listened to a detailed explanation about the work of the company and […]
By John Lee. Iraqi President, Dr. Abdul Latif Jamal Rashid, received Russian Foreign Minister Sergey Lavrov and his accompanying delegation on Monday. President Rashid highlighted the importance of enhancing economic cooperation between the two countries, pointing to the need for coordination and consultation on issues of common interest including security and peace in the region […]
Waste management in Kurdistan is part of the government's duties and a special budget has been devoted to this issue. The Kurdistan Region generates 6900 tons of garbage every day. The cost of collecting and reducing each ton is 50,000 Iraqi dinars (33.82 USD). Mr. Aras Foad director of environmental services at the Ministry of […]
