By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that Deputy Chair of the Board and interim Senior Independent Director David Thomas will assume the role of Interim Chair until further notice. The announcement follows the passing of Chairman Martin Angle earlier this week. In a statement, Jon Harris, Gulf Keystone's Chief Executive Officer, paid […]
By John Lee. The Iraqi Ministry of Defense has signed a contract with French company Airbus to purchase Caracal (H225M) helicopters. While the Ministry did not specify the number of helicopters involved, AFP reports that 12 of the twin-engined aircraft will be bought. According to the Ministry, the agreement, signed in the presence of Defense […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 5th Sept 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 1,762.2 5.0% 13.4% RSISX USD Index […]
By Mohanad Faris 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. Competition over Kirkuk: Between Internal Conflicts and Regional Rivalries Kirkuk's future remains uncertain due to the lack of any consensus-based projects between the governorate's political […]
By John Lee. Iraq's Ministry of Oil has announced the opening of a second terminal for the export of liquid gas and condensates at Umm Qasr Port in Basra. The new facility, inaugurated by Deputy Minister for Gas Affairs, Izzat Saber Ismail, will enhance export flexibility, increasing current monthly export capacity from 50 tons to […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has chaired a meeting of the High Committee for the Development Road Project. The session focused on reviewing the latest developments and progress in this strategic project, which includes key components such as energy, gas, electricity, and internet infrastructure. Updates included the completion of preliminary designs for […]
By John Lee. The Iraqi Ministry of Health has renewed its strategic partnership with Swiss pharmaceutical company Roche, as part of ongoing efforts to enhance healthcare services in Iraq. This renewal follows a year of fruitful collaboration that has seen the launch of several ambitious projects aimed at improving the quality of healthcare and expanding […]
By John Lee. Iraqi Foreign Minister Fuad Hussein received a copy of the credentials of the new Jordanian Ambassador, Maher Tarawneh, on Sunday. The Minister emphasised that the relations between Iraq and Jordan are historical and solid and extend beyond diplomatic ties to include common geographical ties. He also underlined the importance of enhancing economic […]
By John Lee. Switzerland has reopened its embassy in Baghdad, 33 years after closing it during the 1991 Gulf War. The reopening aims to strengthen bilateral relations and enhance cooperation in economic, security, and migration matters. In a statement, the Swiss Federal Department of Foreign Affairs (FDFA) said: "The new embassy will work to strengthen […]
By John Lee. Standard & Poor's (S&P) has affirmed Iraq's credit rating at B-/B with a stable outlook. According to Iraq's Ministry of Finance, the report highlights Iraq's financial and economic stability, driven by ongoing economic and fiscal reforms implemented by the Ministry. It adds that the stable rating reflects Iraq's strong foreign currency reserves, […]
By John Lee. An advisor to the Iraqi Prime Minister has reportedly said that international pharmaceutical and healthcare companies are keen to set up factories in Iraq. State-run Iraqi News Agency (INA) quotes Hammoudi Al-Lami as saying that UK-based AstraZeneca held a meeting a month ago with a view to entering the Iraqi market, "either […]
Iraq has been elected to chair the Group of 77 and China (G77) at the United Nations for the year 2025, following a meeting of the Asia-Pacific Group held to discuss Iraq's candidacy for this position. Iraq's Chargé d'Affaires to the United Nations in New York Dr. Abbas Kadhom Obaid, delivered a speech in which […]
