By John Lee. BKPS, an affiliate of global energy company Karpowership, has signed a contract with Iraq's Ministry of Electricity and the General Company for Electric Energy Production / Southern to deliver up to 590 MW of electricity through two Powership vessels. The vessels, including the Orka Sultan, will be deployed to the ports of […]
By John Lee. Iraq's Minister of Communications, Dr. Hiyam Al-Yasiri (pictured), has met with Ooredoo of Qatar to discuss joint projects aimed at strengthening Iraq's role as a regional and international data hub. Talks focused on implementing bilateral agreements to route communications traffic via the FIG submarine cable landing station in Al-Faw, managed by Ooredoo, […]
By John Lee. The National Investment Commission (NIC) has hosted a high-level meeting with an Omani delegation to discuss the establishment of advanced international data centres and the transit of fibre optic cables in Iraq under an investment model. The meeting, chaired by NIC Chairman Dr Haider Mohammed Makiyya, was attended by Oman's Ambassador to […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has received the President, Eastern Hemisphere, of Halliburton, Shannon Slocum, and his accompanying delegation in Baghdad. Al-Sudani emphasised that the presence of major international oil companies in Iraq reflects the government's commitment to developing the energy sector in line with global standards. He highlighted Iraq's plans to […]
By John Lee. Turkish logistics company DMN Lojistik has successfully delivered a shipment of goods from Gaziantep, Türkiye, to Amman, Jordan, using Iraq as a transit route under the United Nations-backed TIR system. According to a press release from the International Road Transport Union (IRU), the eight-truck convoy completed the journey in under five days, […]
By John Lee. The Iraqi Cabinet has authorised the Ministry of Electricity to sign an addendum with China's SEPCOIII [Electric Power Construction Corporation] for the construction of a dry gas pipeline supplying the Anbar Combined-Cycle Power Plant. The project involves a 250-kilometre pipeline, with the new addendum covering the construction of the section from the […]
By John Lee. Jordan's National Electric Power Company (NEPCO) has announced an agreement with Iraq to extend the electricity supply contract for one year. NEPCO's Director General, Dr. Sufyan Bataineh, confirmed that, at Iraq's request, the company will continue providing power from Jordan's grid to Iraq's Al-Rutba region until September 2026, or until the planned […]
By John Lee. Norway's DNO ASA has reported net production of 56,100 barrels of oil equivalent per day (boepd) from the Kurdistan Region of Iraq (KRI) in the second quarter of 2025, out of a company total of 92,600 boepd. Gross production was ramped up on a test basis to 55,000 boepd, split roughly evenly […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 21st Aug 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 2,297.6 -0.1% 2.1% RSISX USD Index […]
By John Lee. The National Investment Commission (NIC) has announced plans to attract up to $250 billion in investments over the next two years, as part of efforts to diversify the economy and reduce reliance on oil revenues. NIC spokesperson Hanan Jassim told the state-run Iraqi News Agency (INA) that recent government reforms and legislative […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has directed the formation of a joint national team to strengthen Iraq's financial and economic standing internationally. The team will be chaired by the Governor of the Central Bank of Iraq and include representatives from the Ministries of Finance, Oil, and Planning, along with specialised economic and […]
By John Lee. The Central Bank of Iraq (CBI) has reported a significant decline in the inflation rate, reflecting a drop in the general price level and an improvement in purchasing power for individuals and institutions. It said that inflation stood at 0.8 percent in the second quarter of 2025, representing a 76 percent decrease […]
