By John Lee. The Financial Adviser to the Iraqi Prime Minister, Dr. Mudhhir Mohammed Saleh, has firmly denied social media rumours claiming the destruction of half of Iraq's currency supply - approximately 62 trillion dinars [$47 billion] - as "economically absurd and completely unfounded". In remarks to the state-run Iraqi News Agency (INA), Saleh clarified […]
By John Lee. The General Company for Ports of Iraq (GCPI) has launched a significant digital transformation by integrating what it describes as "advanced fifth-generation (5G) smart equipment" into its operational infrastructure, marking a major step toward full automation in Iraq's maritime sector. According to Director General Dr. Eng. Farhan Al-Fartousi, the company received a […]
By John Lee. Iraq's Federal Integrity Commission has dismantled a network of 16 employees from the Nasiriyah Municipality Directorate involved in bribery, forgery, and embezzlement. In a statement issued on 30th July 2025, the Commission revealed that its Dhi Qar Investigation Office formed a special task force after receiving reports of suspected corruption. The team […]
By John Lee. The International Organization for Migration (IOM) has published a study that aims to identify the main drivers of outmigration from Iraq, explore the relationships between different drivers and highlight the specific impacts of climate change and environmental degradation within these broader mobility patterns. The main drivers of migration for emigrants and potential emigrants […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 31st July 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 2,255.1 -4.3% 0.2% RSISX USD Index […]
By John Lee. Iraq's state-owned Rafidain Bank has announced that it has "completed" 87 percent of its foreign debt obligations through high-level legal and financial negotiations, significantly reducing the country's external liabilities. As part of Iraq's adherence to the Paris Club Agreement and with direct Cabinet approval, the bank concluded major settlements with Dutch and […]
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, chaired a meeting at the Ministry's headquarters to explore a potential partnership agreement with Saudi company Ajyal for the establishment of a petrochemical complex in Basra. The proposed complex would be built on the site of the State Company for Petrochemical Industries in […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani on Wednesday launched the construction of Al-Kriat [Al-Kari'a] Bridge over the Tigris River as part of the Baghdad reconstruction campaign, specifically targeting the revitalisation of the holy city of Kadhimiya. The work will be carried out by Turkish company HSY Yapi Insaat and Lebanon's Khatib & Alami. […]
By John Lee. As part of its external relations and financial coordination strategy, Iraq's Cabinet has authorised the Minister of Finance, or a delegated representative, to negotiate and sign draft agreements aimed at avoiding double taxation and preventing tax evasion with China, Qatar, and the Czech Republic. The Ministry of Foreign Affairs will prepare the […]
By John Lee. Iraq's Cabinet has approved a decision allowing the Ministry of Education to grant a founding licence to the private-sector Baghdad British International School, in accordance with relevant laws, regulations, and guidelines. The approval is conditional upon the school fulfilling all foundational requirements. The Ministry of Education has also been instructed to finalise […]
By John Lee. The General Company for Food Products, part of Iraq's Ministry of Industry and Minerals, has signed two public-private partnership agreements to rehabilitate and develop its starch and dextrin factory in Babil province and the Al-Ameen soap and detergents factory. According to Director General Eng. Haider Shwia Mazal, these partnerships aim to modernise […]
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