By John Lee. The Kurdistan Regional Government (KRG) has given an update on the renovation of Erbil Citadel. The 6,000-year-old site was designated a World Heritage Site by UNESCO in June 2014. One of the oldest continuously inhabited settlements, with over 6,000 years of history. Covers 110,000 square meters. Includes 506 houses. Completed Work: Stone […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met this week with Fahd bin Mohammed Al-Turki, Chairman of the Arab Monetary Fund, to discuss closer collaboration. Strategic Partnership and Support: Iraq is committed to supporting the Arab Monetary Fund's activities, emphasizing its role as a founding member and major contributor to the Fund. Development Goals: […]
By John Lee. Under the supervision of Minister of Health Dr. Saleh Mahdi Al-Hasnawi, Dr. Mazen Al-Akeeli, the Director General of Al-Muthanna Health Directorate, inaugurated the laboratories of the private wing at Al-Hussein Teaching Hospital this week. The event was attended by Deputy Director General Dr. Aws Al-Hamdani, Private Wings Director Dr. Sayyed Fadel Awafi, […]
From the Iraq Britain Business Council (IBBC): How Iraq is delivering innovation through its leading businesses Iraq is stable, its economy is expanding and diversifying to meet the needs of the people. IBBC have been asked by the Iraq Prime Minster, Mr Al Sudani, to hold a Baghdad conference on Innovation. Following a successful visit […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed the day down 5 percent on Thursday following the company's Operational and Corporate Update. The company announced increased production, sales and cash balances, and described the near-term local sales outlook as "strong." Full statement from the company: Gulf Keystone, a leading independent operator and producer […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has instructed the Federal Commission of Integrity to expedite its investigation into irregularities in the awarding of a pipeline project related to light petroleum product disposal outside Karbala Refinery. According to the Prime Minister's office, the project was assigned to a non-specialised intermediary company, leading to delays, […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for December, but has again not disclosed the value of oil exports for the month. This continues the practice of delayed or missing oil export data from the Ministry. Total exports of crude oil: 101,024,596 barrels. Exports from the oil fields in […]
By John Lee. The Financial Action Task Force (FATF) has completed an assessment of Iraq's measures to combat money laundering and terrorist financing, and this week published its report. The assessment is a comprehensive review of the effectiveness of Iraq's measures to protect the financial system from abuse and its level of compliance with the […]
dvertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 23rd January 2025). Note: ISX will be closed on Jan. 26, 2025 (Sunday) due to a religious holiday. The next trading session will be held on Jan. 27, 2025 (Monday). Please click here to view a table of listed companies and their […]
By John Lee. Minister of Oil Mr. Hayan Abdul Ghani received an Italian business delegation this week, led by Ms. Chiara Franchini, Deputy Head of Mission at the Italian Embassy in Baghdad. The visiting delegation also included: Mr. Carlo Lombardi, Director of Italian energy company STP Studi Tecnologie Progetti S.p.A.; Mr. Franco Pigiocchi, Financial Director […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, met with a delegation from Saudi Arabia's Al-Khorayef Petroleum on Tuesday, including senior representatives Mohammed Al-Dughmi and Khalid Hamza Al-Rikabi. Discussions focused on enhancing cooperation in the oil, gas, and energy sectors. Alkhorayef Group joined the Iraq Britain Business Council (IBBC) in 2023. (Source: Ministry […]
By John Lee. The Iraqi Foreign Ministry has welcomed the United Kingdom's decision to downgrade Iraq's security classification, citing it as a key achievement reflecting improved security conditions and the government's efforts to promote stability. The change is expected to facilitate British companies' entry into the Iraqi market and reduce insurance costs for travel and […]
