Archive | 2024

CEO of JPMorgan Chase expresses Support for Iraq

By John Lee. Prime Minister Mohammed Shia al-Sudani received Mr. Jamie Dimon, the CEO of JPMorgan Chase, and his accompanying delegation on Wednesday, during his visit to the Washington DC. During the meeting, they discussed the government's efforts in implementing financial and banking reforms, aiming to revitalize the economic situation and achieve development. They also […]

Iraqi PM meets Delegation from General Dynamics

By John Lee. Iraqi Prime Minister Mohammed Shia al-Sudani met with a delegation from General Dynamics, one of the leading American companies in the manufacturing of weapons and military equipment, at his residence in Washington, D.C.. During the meeting, discussions focused on cooperation with the company as part of the government's efforts to rebuild its […]

Steller Energy discusses Power Projects with Iraqi PM

By John Lee. Iraqi Prime Minister Mohammed Shia' Al-Sudani received a delegation from Steller Energy in his residence in Washington, D.C. The delegation was led by the company's CEO, Mr. Peter Gibson. During the meeting, they discussed mechanisms of cooperation in the electricity sector and reviewed the progress of the company's projects being implemented in […]

Honeywell Maintains Interest in Iraq

By John Lee. Prime Minister Mohammed Shia al-Sudani received the President of Honeywell, Mr. Ken West, and his accompanying delegation in Washington, on Thursday. During the meeting, they discussed avenues of cooperation with the company to implement projects in the field of gas production development. Prime Minister al-Sudani affirmed Iraq's commitment to modernizing the oil […]

Foreign Investment "undermined by Corruption" in Kurdistan

By Dr. Joel Ruet, for Diplomatic Courier. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Foreign investment undermined by corruption risks in Iraqi Kurdistan Iraqi Kurdistan was once seen as a beacon of promise in the troubled country, but things have changed in recent […]

Baker Hughes discusses possible Chemical Factory in Iraq

By John Lee. Prime Minister Mohammed Shia al-Sudani received a delegation from Baker Hughes in Washington, early Thursday morning. During the meeting, they discussed the company's development work in Iraq in the oil and gas sector. The Prime Minister emphasized that gas projects in Iraq are a priority for the government to meet the needs […]

IBBC Team visits Basra

IBBC team meet Basrah Governor, visit Oil & Gas Expo, and meet Basra members The Iraq Britain Business Council (IBBC) management team of Christophe Michels (MD), Dr Ali Jawad  (Erbil & Basrah) and Mohand Alkhattab (Baghdad) undertook a trip to Basrah. They met Mr Asaad Al Eidany, The Governor of Basrah, and visited the Oil […]

Denmark to Close Embassy in Baghdad

By John Lee. After the withdrawal of the Danish force protection personnel and the national support element from NATO Mission Iraq (NMI), the Danish government has decided to close the Danish embassy in Baghdad, Iraq. The Danish embassy in Baghdad formally opened in 2020 to support the Danish command over and contribution to NATO Mission […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 18th April 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 1,767.4 7.0% 13.7% RSISX USD Index […]

14 Commercial MoU's Signed between Iraq and US

By John Lee. During his visit to Washington DC this week, Iraqi Prime Minister Mohammed Shia Al-Sudani, presided over the signing of number of Memoranda of Understanding (MoU's) with American companies: Government Memoranda of Understanding: Memorandum of Understanding between the Ministry of Electricity and General Electric (GE) for the development of the energy sector. Memorandum […]

Northrop Grumman Wins $140m Iraq Contract

The US State Department has made a determination approving a possible Foreign Military Sale to the Government of Iraq of C-172 and AC/RC-208 Aircraft Contractor Logistics Support and Training and related equipment for an estimated cost of $140 million. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale today. […]