By John Lee. Baker Hughes Chairman and CEO Lorenzo Simonelli met this week with Iraqi Prime Minister Mohammed S. Al-Sudani to explore avenues of cooperation in the energy sector and review the company's current projects in the country. Talks focused on the development of gas processing units at the Nasiriyah oil field, with a target […]
By John Lee. Iraq's Ministry of Oil has signed an addendum to the contract for the development of the East Baghdad (South) oil field with EBS Petroleum. EBS Petroleum is a body registered in Iraq to conduct petroleum operations on behalf of China's ZhenHua Oil. The Minister confirmed that the agreement will enable the field to […]
By John Lee. French firm Airbus has delivered the first two Caracal military helicopters to Iraq under a defence contract signed between the two countries. The Iraqi Ministry of Defence confirmed receipt of the aircraft on Wednesday, 30 April 2025. Speaking at the handover ceremony, Defence Minister Thabet Muhammad Saeed Al-Abbasi highlighted the strength of […]
By John Lee. The Samarra-based General Company for the Manufacture of Medicines and Medical Supplies, a subsidiary of Iraq's Ministry of Industry and Minerals, has announced the successful local production of "Glimee-M" (GLIMEE-M) tablets, marking its first-ever manufacture of this oral medication used to treat type 2 diabetes. According to the company's Director General, Chemical […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for March. This continues the practice of delayed or missing oil export data from the Ministry. Total exports of crude oil: 106,663,211 barrels. Exports from the oil fields in central and southern Iraq amounted to 104,740,398 barrels. Exports to Jordan amounted to […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 1st May 2025. 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 2,322.8 1.1% 3.3% RSISX USD Index […]
By John Lee. Talaat Moustafa Group Holding (TMG Holding) has confirmed that it is in advanced negotiations with Iraq's National Investment Commission (NIC) to develop a large-scale mixed-use project southwest of Baghdad, marking a major step in its regional expansion. The project, spanning approximately 14 million square metres [14,000 donums; 1,400 hectares], is expected to […]
By John Lee. Siemens Energy of Germany has been awarded two key electricity service contracts by Iraq's Council of Ministers, aimed at strengthening the country's power generation capabilities: A five-year Long-Term Service Agreement (LTSA) for two 160 MW gas turbines (GTE-160) at the Dibis [Debes, Dibs] Gas Power Plant. This contract includes continuous operational guarantees […]
By John Lee. Iraq's Ministry of Industry and Minerals has announced the signing of a strategic agreement between Iraq's State Company for Glass and Refractories and Saudi-based Ajial Company to develop the largest integrated industrial complex in the region based on silica as a core raw material. The deal was signed under the patronage of […]
By John Lee. The Central Bank of Iraq (CBI) has issued new regulations for electronic payment service providers. The 48-page document targets money laundering and terrorist financing. Click here to see the full statement from the CBI [Arabic]. (Source: CBI)
By Padraig O'Hannelly. As Donald Trump completes his first 100 days in as US President, what effect have his policies had on the Iraqi economy? Firstly, it's worth noting that the main implications of Trump's policies for Iraq have been the indirect results of decisions not directly targeted at Iraq. Increased tariffs and the resultant […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired the regular meeting of Iraq's Higher Committee for Construction and Investment on Sunday, reviewing agenda items and proposed projects, and making key decisions. He underscored the need to simplify administrative procedures to support the investment environment and called on ministries to focus efforts on projects […]
