By John Lee. The Kurdistan Regional Government (KRG) has said it has implemented a strategic plan to revive suspended water projects. Total number of dams in the Kurdistan Region: 34 Completed dams: 23 Dams under construction: 11 Six dams completed since 2019: Chamrga Khans Dewana Turajar Akwban Shawger Expected completion by end of 2024: Gomaspan […]
By John Lee. Iraq has re-started the purchasing of rice from the United States, according to a press release issued by the USA Rice Federation. It adds that ADM Rice sold a vessel of American rice, which will be loaded and sail to Iraq early this autumn. The resumption follows what USA Rice describes as, […]
By John Lee. The Iraqi Army Aviation Command celebrated the delivery of seven Bell 505 helicopters from the United States, in a ceremony attended by representatives of the Commander-in-Chief of the Armed Forces, the Air Force Commander, senior Defense Ministry officers, the U.S. military attaché, and a Bell company representative. This delivery is part of […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 8th Aug 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 1,747.3 -0.1% 12.4% RSISX USD Index […]
By John Lee. Lufthansa has announced the suspension of all passenger and cargo flights to Amman, Beirut, Erbil, Tel Aviv and Tehran up to and including 13th August. The German airline blamed the decision on what it described as "exceptional circumstances in the region," adding that the situation will be continuously monitored and reassessed with […]
By John Lee. Russian and Iraqi officials have held a meeting to finalize agreements aimed at enhancing transport cooperation between the two nations. The Russian side expressed gratitude for the approval of the draft agreement by the Iraqi Prime Minister's Office, indicating Russia's readiness to review and proceed with the signing. They emphasized Iraq's strategic […]
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 in the four quarters to the end of Q1 2024, an increase of 14.2% or £140 million in current prices from the four quarters to […]
By John Lee. The Iraqi Cabinet has approved key components of the Development Road project, focusing on the rehabilitation and expansion of railways. The project, with an estimated cost of 3.932 trillion dinars [$3 billion], will be included in the Ministry of Transport's 2024 investment budget, funded through a mix of budgetary allocations and loans. […]
By John Lee. The Kuwait Fund for Arab Economic Development (KFAED) has said it will provide two KWD 35 million (USD 224 million) loans to support the Gulf Electricity Interconnection System Project, which will export electricity from Saudi Arabia to Kuwait and Iraq. According to a press release from the Fund, the financing constitutes 40 […]
By John Lee. The Iraq Securities Commission (ISC) has published its report for Q2 2024. The report includes detailed analyses of financial market performance, economic growth indicators, and a comprehensive assessment of the challenges and opportunities facing the financial sector during this period. The commission said it aims to enhance transparency and provide essential information […]
By John Lee. The Iraqi Cabinet has approved "final protective measures" for domestically produced urea fertilizer. According to a Ministry of Industry and Minerals document dated August 4, 2024, the import price for Di-ammonium Phosphate (DAP) fertilizer will be set at 800,000 dinars ($610) per ton and for urea fertilizer at 550,000 dinars per ton. […]
By John Lee. Genel Energy has announced that domestic sales demand from the Tawke field has "shown resilient consistency in the past 6 months." The company also announced a bond buyback. In its unaudited results for the six-month period ended 30 June 2024, Paul Weir, Chief Executive of Genel, said: "We have continued to progress […]
