By John Lee. Iraq's Ministry of Agriculture has launched a major feed distribution campaign to support affected buffalo breeders who were considering migrating to other areas. This first distribution campaign took place in Muthanna, and will extend to several other southern governorates in the upcoming months. Full statement from the FAO: The Iraqi government, in […]
By John Lee. Erbil-based Prime Water Technology has won a series of contracts with the United Nations Office for Project Services (UNOPS) for the restoration of three boreholes in Sinjar: Lot 1 - Restoration of Al-Qabousiyah borehole: Contract value $225,063; Lot 2 - Restoration of Beir Shireen borehole: Contract value $307,389; Lot 3 - Restoration […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, has announced the restart of the first unit of the Doura Gas Power Plant at the Midland Refineries Company (MRC), generating 18 MW of electricity to support the national grid. Efforts are ongoing to complete the second unit, which will add a similar capacity. The […]
By John Lee. The Iraqi government has approved an additional 60-day period to submit letters of guarantee to companies contracted to manage and operate the new hospitals: Nasiriyah Teaching Hospital (492 beds); Imam Al-Mujtaba Hospital in Karbala; and Al-Sayyab Hospital in Basra. This extension is an exception to the Government Contracts Implementation Instructions No. 2 […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 1st 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 1,748.8 -1.4% 12.5% RSISX USD Index […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al Sudani oversaw the signing of a comprehensive memorandum of understanding between Iraq's Ministry of Oil and BP to rehabilitate and develop four oil fields in Kirkuk. The Minister of Oil, Hayan Abdul Ghani, and BP's CEO, Murray Auchincloss, signed the agreement. The memorandum includes the rehabilitation […]
From the United Nations Conference on Trade and Development (UNCTAD). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: Trade and government revenue gets boost from digital customs Backed by UN Trade and Development, customs automation helps improve compliance and ease of trade in […]
From the Iraq Britain Business Council (IBBC): Dr Luay Al- Khateeb is joining IBBCs advisory council and brings his energy expertise to the council. As a long-standing friend of IBBC Dr Luay has chaired energy panels at IBBC major conferences. As an independent Iraqi politician he was the former Electricity Minister and member of the Federal Energy […]
By John Lee. UK-based Total Quality Assurance provider Intertek has announced its appointment by the Iraqi government's Central Organization for Standardization and Quality Control (COSQC) as an authorised Conformity Assessment Body (CAB) for goods imported into Iraq. All exporters to Iraq must present a Certificate of Conformity (CoC) and a Release Note to Iraqi Customs […]
By John Lee. Iraq's Minister of Finance, Taif Sami Mohammed, held a meeting on Monday with a World Bank delegation led by the Regional Director for the Middle East, Jean-Christophe Carret. The discussions focused on enhancing cooperation in economic and social development. Key Discussion Points: Support for Transportation and Infrastructure Projects: Development of transportation and […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani initiated the expansion of Al-Haidariya [Haydariya] and Najaf combined-cycle gas power plants, adding a total capacity of 495 MW, alongside a new 400 kV transformer station. These projects are part of a strategic agreement with Siemens, which includes two phases: the first phase involves three plants in […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, has inaugurated a 56 MW gas power plant at the Majnoon oil field and supervised the trial operation of the second Central Processing Facility (CPF2) with a capacity of 200,000 barrels per day. The gas power plant will supply electricity to the production facilities in […]
