By John Lee. DNO ASA, the Norwegian oil and gas operator, will publish its Q2 2024 operating and interim financial results on 15 August at 07:00 (CET). A videoconference call with executive management will follow at 14:00 (CET). On Tuesday the Company provided an update on production, sales volumes and other key information for the […]
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alaq, chaired a supervisory committee meeting on the restructuring of the state-owned Rafidain Bank. Attendees included committee members from the Ministry of Finance, advisors to the Prime Minister, senior Central Bank officials, and representatives from Ernst & Young. The meeting reviewed […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Erbil to shut down over 100 illegal refineries: Governor More than 100 illegal refineries in Erbil province were ordered to shut down on Sunday by the governor; additionally, a deadline was set for legal […]
By John Lee. The International Labour Organization (ILO), Iraq's Ministry of Planning (MOP), and the Italian Agency for Development Cooperation (AICS) have held a two-day conference to discuss the national Micro, Small, and Medium Enterprises (MSMEs) development Policy for Iraq by bringing together government entities, international organizations, employer and worker groups, and financial institutions to […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Risks of Widening Middle East Conflict Resurface The equity market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was up 0.1% […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has launched the country's National Development Plan (NDP) 2024-2028. In what the United Nations Development Programme (UNDP) describes as "a significant step toward advancing Iraq's development agenda," the plan was a collaboration between the UNDP and Iraq's Ministry of Planning with the support of the United […]
By John Lee. Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a cooperation agreement with the International Development Bank (IDB), the largest banking network in Iraq, to support the 'Xport Xponential' initiative. By signing the agreement, the bank will join the list of partners of the 'Xport Xponential' initiative, launched by ECI […]
By John Lee. UK-based oil major BP has said that negotiations regarding an integrated redevelopment programme for the Kirkuk region are expected to be complete early in 2025. The non-binding agreement, signed on Thursday, involves the rehabilitation and development of four oil fields in Kirkuk. It also proposes to explore opportunities for investment in power […]
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makkiya, received a delegation from the Japan Center for Cooperation in the Middle East (JCCME), and discussed the possibility of activating the agreement signed between the two parties more than ten years ago. The agreement aims to promote cooperation between Iraq […]
By John Lee. The General Company for Food Products, a subsidiary of the Ministry of Industry and Minerals, has announced the completion of a new dairy products factory building in Fallujah, Anbar Province. This project is being developed in partnership with the private sector. The factory building and its infrastructure have been completed, and the […]
By John Lee. In support of the national project for producing commercial zero flour, the Iraqi government has approved the local sale of wheat to licensed public and private mills at prices equivalent to the import price of similar wheat delivered to Umm Qasr Port. This move aims to enhance local flour production and reduce […]
By John Lee. The Iraqi Oil Pipelines Company has rehabilitated the six-inch fuel oil pipeline extending from the "June 1" depot to the Kirkuk Cement Plant in Lilan, southeast of Kirkuk. According to a statement from the Ministry of Oil, the pipeline, inactive for over three years, is now fully operational. Ali Abdul Kareem Al-Moussawi, […]
