By John Lee. Uganda is reportedly considering establishing a consulate in Iraq to better support its growing migrant workforce, which was estimated at 20,000 six years ago. According to New Vision, officials from Uganda's embassy in Tehran, led by Chargé D'Affaires Oscar Edule, reaffirmed this need during a session with Uganda's Parliament's Foreign Affairs Committee […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 27th March 2025. Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed starting from Mar. 30, 2025 (Sunday) to Apr. 3, 2025 (Thursday) due to the religious holiday of Eid Al-Fitr. […]
By John Lee. Iraq's Prime Minister, Mohammed S. Al-Sudani, oversaw the signing of a major agreement between the Iraqi Ministry of Oil and BP for the development and production of four key oil fields in Kirkuk. The contract covers the Kirkuk field (Baba and Avana domes), Bai Hassan, Jambur, and Khabbaz. The signing ceremony on […]
By John Lee. Iraq's Minister of Finance, Taif Sami Mohammed, met with a representative from the German Agency for International Cooperation (Deutsche Gesellschaft für Internationale Zusammenarbeit, GIZ) on Wednesday to discuss strengthening bilateral cooperation in financial and technical sectors. The discussions focused on supporting development projects, achieving sustainable growth, and exchanging expertise to improve financial […]
By Ahmed Tabaqchali, Chief Strategist of Asia Frontier Capital (AFC) Iraq Fund, for the London School of Economics (LSE) Middle East Centre. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Empire Strikes Back: Trump 2.0 and Iraq's Dollar Accounts at the Federal Reserve […]
By Sameedha Mahajan, Architect and Urban Designer. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Introduction For decades, Iraq has been grappling with conflict, political instability, and economic hardship. Millions have been displaced due to violence, wars, and terrorism, particularly in regions like Mosul […]
By John Lee. Back in January, Iraq Business News ran an online survey asking opinions on a revaluation of the Iraqi dinar following the inauguration of US President Donald Trump. This survey did not pretend to be scientific, as respondents were self-selecting, leading to a high risk of sampling bias, but it served to show […]
By John Lee. Iraq's Council of Ministers has approved the award of Tender No. CSSP-ITT-06 from Basra Oil Company (BOC) to China Petroleum Pipeline Engineering Co., Ltd. (CPPE). The project involves the construction of a seawater pipeline, as part of the Common Seawater Supply Project (CSSP). The contract will be executed over 54 months, including […]
By John Lee. Iraq's Ministry of Trade has reportedly announced plans to open 150 hypermarkets across Baghdad and the provinces as part of a five-year strategy. Lama Hashem Al-Moussawi, Director General of the General Company for Food Trade at the Ministry, told state-run Iraqi News Agency (INA) that 23 locations will be opened in 2025, […]
By John Lee. Iraq will implement the global transit system TIR from 1 April 2025, marking a significant step in enhancing logistics and international trade. According to state-run Iraqi News Agency (INA), the Border Ports Commission announced that the system will streamline cross-border transport, strengthening Iraq's position as a key trade hub in the Middle […]
By John Lee. Iraq's Prime Minister Mohammed S. Al-Sudani chaired a special meeting of the National Renewable Energy Team on Monday to review progress on the country's renewable energy strategy. The Prime Minister instructed that renewable energy projects officially launch by summer, urging the acceleration of procedures and private sector engagement. The National Renewable Energy […]
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, chaired a meeting with the General Company for Southern Fertilisers in Basra to review current partnership contracts and assess factory operations. The discussions focused on ensuring the continuous production of fertilisers to support the agricultural sector and enhance food security. The meeting covered […]
