Archive | 2024

Iraq's First Lady condemns Turkey's Military Ops in Iraqi Kurdistan

By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's first lady blasts Turkey's assault against PKK in Kurdistan Region The first lady's own family history and the upcoming parliamentary elections are likely behind her decision to speak […]

Iraq Prepares for Inaugural Investment Forum

By John Lee. Dr. Hayder Makia [Makiya, Makiyya], Chairman of the National Investment Commission (NIC), chaired a meeting to discuss preparations for the first-of-its-kind Iraq Investment Forum, scheduled for November. The meeting included Iraqi Economic Council President Ibrahim Al-Baghdadi and his delegation, as well as several senior officials and stakeholders from the commission. Dr. Makia […]

Iraqi Cybercriminals behind Python Attack

By John Lee. Checkmarx, a US-based enterprise application security company, has said that a "well-established criminal ecosystem based in Iraq" is responsible for a series of cyber attacks. Malicious Python script was found to be exfiltrating sensitive user data without consent. More here. (Source: Checkmarx)

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 18th July 2024). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change  RSISX Index Closings Change (d/d) (%)         Change (m/m) (%)   Change (ytd) (%)       Change (12M) (%) IQD-RSISX Index 1,817.9 […]

CENTCOM Reports Upsurge in ISIS Activity

By John Lee. The United States Armed Forces' Central Command (CENTCOM) has issued an update on ISIS activity in Iraq and Syria for the first six months of 2024, in which it suggests that ISIS may more than double its attacks compared to 2023. The main points of the report were as follows: 1. Increase […]

Tender Docs issued for Baghdad Int'l Airport PPP Project

By John Lee. The Government of Iraq, acting through the Ministry of Transport's General Company for Airports and Air Navigation Administration (GCAAN) as the tender authority, is launching a two-stage public tender to select a private partner to rehabilitate, expand, finance, operate, and maintain Baghdad International Airport (BIAP) under a long-term Public-Private Partnership (PPP) contract. […]

Iraq Wins $120m Appeal against Wye Oak

By John Lee. A US court has overturned a decision that had granted a military contractor more than $120 million in damages against the Republic of Iraq and the Iraqi Ministry of Defense. The 2019 judgement would have reimbursed Wye Oak Technology for unpaid invoices relating to work done for the Iraqi Ministry of Defense. […]

US renews Waiver for Iraq to purchase Iranian Electricity

By Elizabeth Hagedorn for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. US renews sanctions waiver for Iraq to purchase Iranian electricity The waiver issued on July 11 permits Iraq to pay neighboring Iran for electricity imports without running afoul of […]

Iraq to Expand National Maritime Fleet

By John Lee. The Iraqi Ministry of Transport has announced a comprehensive plan to add more ships to its maritime fleet. Its General Company for Maritime Transport currently owns six ships: four commercial vessels, one fuel tanker, and one fresh water tanker. The Director General of the company, Chief Marine Engineer Ahmed Jassim Al-Asadi, said […]

Chinese Tech Group meets with Iraqi PM

By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has met with a delegation from the China Electronics Technology Group Corporation (CETC), which specializes in energy, construction technology, and infrastructure. Al-Sudani highlighted the government's economic approach focused on fostering productive partnerships, improving Iraq's investment climate, and providing sovereign guarantees to attract global companies and enhance […]

Omani Diplomat to Represent UN in Iraq

From the United Nations: United Nations Secretary-General António Guterres has announced the appointment of Mohamed al Hassan of Oman as his new Special Representative for Iraq and Head of the United Nations Assistance Mission for Iraq (UNAMI). He succeeds Jeanine Hennis-Plasschaert of the Netherlands, to whom the Secretary-General is grateful for her commitment and leadership […]