By John Lee. The Iraqi Council of Ministers has approved the conversion of the Kirkuk hydrogenation and gasoline improvement project, with a capacity of 12,000 barrels per day, from a Build-Own-Operate (BOO) model to a Build-Operate-Transfer (BOOT) model. The refining fee for one barrel of oil has been set at $23, as previously determined by […]
By John Lee. In what it describes as a landmark decision, the Green Climate Fund (GCF) has approved funding for two transformative projects valued at $134 million, to support adaptation and enhance the climate resilience of vulnerable agricultural communities in Somalia and Iraq. These initiatives, spearheaded by the Food and Agriculture Organization of the United […]
By John Lee. Iraq's Ministry of Transport has announced that the first phase of the Grand Faw Port will be completed by next year. The project is part of the broader Development Road initiative, with progress continuing steadily. The designs for the railway line and soil surveys for the Development Road have reached 100% completion, […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has presided over a meeting with a delegation from the International Finance Corporation (IFC), a member of the World Bank Group, to follow up on the Baghdad International Airport (BIAP) development project. The meeting discussed the steps taken by the IFC to attract investors and specialized […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 24th Oct 2024). 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 1,957.7 -0.2% 26.0% RSISX USD Index […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has announced the approval of eight new service projects in Wasit Province, with a total cost of 236 billion dinars [$180 million]. The projects focus on improving water and sewerage infrastructure, including: Al-Bashaer sewerage project (6.86 billion dinars) Al-Dhahab/Zurbatiya sewerage project (0.715 billion dinars) Badra sewerage project […]
By John Lee. In a move to enhance the capabilities of its security forces, the Iraqi government has approved a budget allocation of 12 billion dinars [$9 million] from the emergency reserve fund. The funds will be used to complete the construction of three coast guard patrol vessels. This initiative aims to strengthen Iraq's maritime […]
By John Lee. The Iraqi government has assigned a team led by the Minister of Communications to negotiate with leading global telecom operators to launch a 5G mobile telecommunications service. The team will focus on selecting a company with proven expertise in building, operating, and managing 5G networks. Companies with experience in the Middle East […]
By John Lee. Judge Haider Hanoun (pictured) has been replaced as head of Iraq's Commission of Integrity. According to a statement from the Prime Minister's Office, the position will be filled by Mr. Mohammed Ali Al-Lami, the longest-serving Director General at the Commission. Hanoun was appointed to the role in November 2022, following the resignation […]
By John Lee. Iraq's Supercell Network has announced that it will the exclusive agent for US-based Genesys in Iraq. Genesys offers Call Center as a Service (CCaaS) and Omni-channel solutions to improve connectivity between businesses and customers, with a focus on artificial intelligence such as chat bots, voice bots, and data analytics tools. According to […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan holds regional polls, but change remains elusive After two years of delays, Iraqi Kurdistan has finally held regional legislative elections. The two largest Kurdish parties last cycle again topped the polls, […]
By John Lee The Iraqi government has started discussions on the structure of the 2025 budget, with expectations for its submission to Parliament early next year, according to Atwan Al-Atwani, head of the Parliamentary Finance Committee. State-run Iraqi News Agency (INA) says Al-Atwani hosted a delegation from Adam Smith International to discuss public financial management […]
