By John Lee. Azerbaijan and Iraq have agreed to hold a meeting of the Azerbaijan-Iraq Business Forum in Baku in the near future. Nasir Mammadov, the Ambassador of Azerbaijan to Iraq, made the announcement following a meeting with the Chairman of the Federation of Iraqi Chambers of Commerce, Mr. Abdul Razzaq al-Zuhairi. The meeting also […]
The Government of Sweden extends its support to explosive hazards management and national mine action capability enhancement activities in Iraq The Government of Sweden has recently contributed an additional 10 million Swedish Krona (SEK) (USD 952,560.54) to the United Nations Mine Action Service (UNMAS) in Iraq in support of humanitarian mine action initiatives, to reduce […]
By John Lee. The Erbil-based Engineering Association for Development & Environment (EADEORG) has won a contract with the United Nations Office for Project Services (UNOPS) for an environmental awareness campaign in Anbar and Ninewa. The contract is valued at $59,481. Founded in 2012 as a grassroots non-governmental organization (NGO), EADEORG says it was established with […]
From the Iraq Britain Business Council (IBBC): The IBBC 15th Anniversary Mansion House conference presented a range of engaging ministerial and business attendees. As Iraq's economy is expanding and diversifying, the delegates reflected this in the range of topics and debates. Baroness Nicholson and Christophe Michels welcomed everyone at this milestone time and thanked all […]
From Five One Labs: Five One Invest Launches Its First Annual "State of Investments in Iraq" Report Five One Invest, an initiative of Five One Labs, launches its first annual "State of Investments in Iraq" report to uncover bottlenecks and identify opportunities within Iraq's investment landscape. Over the past five years, Iraqi startup founders have […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 4th July 2024). Note: ISX will be closed on July 7, 2024 (Sunday) due to the national holiday (First day of the Islamic New Year). The next trading session will be held on July 8, 2024 (Monday). Please click here to view […]
The Embassy of Japan in Iraq, Ninewa Governorate, and UN-Habitat have laid the foundation stone for a new social housing project for returnees in Mosul. Following the high-level Round Table Meeting with key stakeholders, including Ambassador Futoshi Matsumoto and Governor Abdulqadir al-Dakhil, the foundation stone for the Japan Village Project was laid in Mosul. The […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. An Unfolding Structural Economic Transformation The equity market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was down 1.7% in June […]
By John Lee. Iraq's Council of Ministers (Cabinet) has approved the General Company for Airports and Air Navigation to cover expenses for feeding workers and providing living, technical, and medical supplies for K9 teams. This also includes maintenance costs for sonar equipment and baggage inspection devices for one month. According to a statement from the […]
By John Lee. Iraq's Ministerial Council for Economy has approved recommendation 24172 Q, which includes the approval of the Coordinating Committee's meeting minutes. This decision exempts fertiliser contracts from the contracting methods stipulated in the Government Contracts Execution Instructions (2 of 2014) and the Federal General Budget Facilitation Instructions for 2023-2025. The exemption pertains to […]
By John Lee. Iraq's Council of Ministers (Cabinet) has approved an increase in financial allocations for the Ministry of Electricity, amounting to 300 billion dinars [$229 mllion] from the operational budget to cover the following projects: 125 Billion Dinars: For urgent plan projects to alleviate distribution sector bottlenecks, including critical projects, feeders, and substation rehabilitation, […]
By John Lee. Angola's Sonangol has signed a contract with the Iraqi Oil Exploration Company to carry out a 3D seismic survey of its Qayara [Qayarrah] oil field in Nineveh Province. The Ministry's Undersecretary for Extraction Affairs, Bassem Mohammed Khudair, said: "This contract aligns with our strategic vision for the oil sector by involving national […]
