By John Lee. British oil and gas company Shell has withdrawn from the proposed $11-billion Nebras [Nibras] petrochemical project in Basra. According to Argus Media, the company said it made the decision, "after in-depth evaluation on the feasibility of the Nebras integrated petrochemicals complex with our government partners." The company added: "This decision is in […]
By John Lee. The Office of the High Commissioner for Human Rights (OHCHR) has expressed its concern at proposed amendments to legislation in Iraq which it says, if approved, would impose the death penalty or life imprisonment for engaging in consensual same-sex relations, as well as for certain forms of adultery. It has called on […]
From Five One Invest. Re-published with permission by Iraq Business News. Over the past few years, Five One Invest has worked closely with Iraqi founders and investors. The major complaint from growth-stage startups is that investors in Iraq are risk-averse and do not know "venture investing." On the other hand, investors emphasize that there is […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th February 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 1,643.3 -1.5% 5.7% RSISX USD Index 1,615.8 […]
From the Iraq Britain Business Council (IBBC): IBBC's inaugural Agritech Committee confirms commitment and project focus for pilot. IBBC held its first inaugural committee meeting at the Royal Overseas League on 13th February, chaired by Dr Amet Selman of AAA Holding. The broadly based committee included appointees from all areas of business and government: members […]
By John Lee. Iraq's National Investment Commission (NIC), in collaboration with the Municipality of Baghdad, Ministry of Electricity, and Ministry of Environment, has announced an investment opportunity to establish a Waste-to-Energy (WtE) power generation plant in Baghdad Governorate/Al-Nahrawan area. Project Details: The project aims to generate power from mixed solid waste, estimated at around 3,000 […]
By John Lee. The Media Office of the Iraqi Prime Minister has confirmed that the Malaysian company HSS Engineers will be the approved consultant to the two newly-announced major projects, the Baghdad Metro and the Najaf-Karbala Express Train. Tenders for the construction of these projects were announced in recent days. More here and here. Full […]
By John Lee. Iraq's National Investment Commission (NIC) has announced a tender for the construction of a metro transport system in Baghdad. The project is being offered on a design, build, operate, maintain, finance, and transfer ownership (DBOMFT) model, and the deadline for receiving Investment bids is Thursday, 11th April, 2024. According to the tender […]
By John Lee. Iraq's National Investment Commission (NIC) has announced a tender for the construction of the Najaf-Karbala metro project. The project is being offered on a design, build, operate, maintain, finance, and transfer ownership (DBOMFT) model, and the deadline for receiving Investment bids is Thursday, 11th April, 2024. According to the tender document: "The […]
By John Lee. The President of Iraq's National Investment Commission (NIC) has said that two major international investment opportunities -- the Baghdad Metro and the Najaf-Karbala Metro (Phase I) -- will be announced on Monday, 12th February. Dr. Haider Mohammed Makiya said the selection of international executing companies will be done, "through the Iraqi government's […]
By John Lee. Iraq and Lebanon have signed a memorandum of cooperation in the agricultural sector. The memorandum was signed by the Ministers of Agriculture of both countries, Dr. Abbas Jaber Al-Maliki and Mr. Abbas Al-Hajj Hassan, in the presence of the Lebanese Ambassador to Baghdad, the Iraqi Consul in Beirut, and several officials. According […]
The United Nations World Food Programme (WFP), in collaboration with the Directorate of Agriculture in Ninawa Governorate and the University of Mosul, is implementing a multi-year initiative to transform farming practices in Ninawa governorate to boost food security and sustainability among small-holder farmers. The WFP-led programme trains over 500 farmers in conservation agriculture, water management, […]
