From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How Halbousi's ouster is reshaping Sunni politics in Iraq Longstanding conflicts over Iraq's current legislative agenda have re-emerged amid Sunni division over who will succeed former parliament speaker Mohammed Al-Halbousi (2018-23). The full […]
By John Lee. The Iraqi Ministry of Planning held a meeting with the Japan International Cooperation Agency (JICA) to discuss the possibility of continued loans to fund new development projects in Iraq. These projects cover sectors such as health, electricity, sanitation, and the Basra refinery. Dr. Maher Hamad Johan, the ministry's Undersecretary for Technical Affairs, […]
By John Lee. Fitch Ratings has affirmed Trade Bank of Iraq's (TBI) Long-Term Issuer Default Rating (IDR) at 'CCC+', Short-Term IDR at 'C' and Government Support Rating (GSR) at 'ccc+'. Fitch has removed the Stable Outlook on TBI's Long-Term IDR, which was previously published in error. It says the rating reflects, "the absence of any […]
By John Lee. The US government has said that the human rights situation in Iraq worsened during the year, due to increased federal and Kurdistan Regional Government restrictions on fundamental freedoms and civic space. In a wide-ranging report, the State Department pointed to intermittent attacks by the Islamic State of Iraq and Syria and its […]
By John Lee. The Arab-British Chamber of Commerce (ABCC) has signed a Memorandum of Understanding with Baghdad Chamber of Commerce with the aim of developing a strong partnership to better serve their respective members. In a statement, they said this new initiative will enable them to be more responsive to meeting the needs of their […]
By John Lee. The Iraqi Ministry of Planning held a meeting with the German government to discuss development cooperation across various fields. The meeting, led by Dr. Saher Abdul Kadhim Mahdi, Director General of the International Cooperation Department, included the German Embassy's economic advisor and his delegation. The discussion covered development activities funded by Germany […]
By John Lee. Gulf Keystone Petroleum (GKP) has just published details of its payments to governments for the year 2023: Introduction This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary undertakings ("Gulf Keystone") for the year ended 31 December 2023 as required under Disclosure and […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 25th April 2024). 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 1,857.0 5.1% 19.5% RSISX USD Index […]
From the United Nations Development Fund (UNDP): [Wednesday 24th April marked] the International Day of Multilateralism and Diplomacy for Peace, a day that celebrates the use of diplomacy as a language for governments to achieve peaceful resolutions and cooperation. This is particularly important today in the realm of water diplomacy. Iraq's geographical position as a […]
By John Lee. Iraq has signed a contract with Ukrainian company Ukrzemresurs to develop the Akkas gas field in Anbar Province. According to a statement from the Ministry of Oil, the goal is to increase national production by an additional 400 million standard cubic feet per day (MMSCFD) of gas within four years, to supply […]
By John Lee. At a meeting in London on Wednesday (24th April), Iraq's Minister of Agriculture Dr. Abbas Jabber Al-Maliki met with the UK's Minister of State for Trade and Investment, Lord Dominic Johnson, to discuss strengthening British investments in Iraq's agricultural sector. Attendees included Baroness Emma Nicholson, the British Prime Minister's Trade Envoy to […]
By John Lee. Baker Hughes has signed a memorandum of understanding (MoU) with the Halfaya Gas Company (HGC), with the objective of setting the basis to establish a collaboration for a gas flaring reduction project at the Nahr Bin Umar [Nahr Ben Umar] gas processing plant in southeastern Iraq. The signing took place in Washington, […]
