Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 20th March 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 2,253.1 2.7% 0.2% RSISX USD Index […]
By John Lee. The Baghdad Chamber of Commerce has welcomed the Amman Chamber of Commerce's plan to establish a trade office in Baghdad, aimed at strengthening economic and trade cooperation between Iraq and Jordan. During a meeting with Raad Bureij, Vice President of the Baghdad Chamber of Commerce, Amman Chamber President Khalil Al-Haj Toufic emphasized […]
By John Lee. The National Investment Commission (NIC) Chairman, Dr Haider Mohammed Makiyya [Makia], met with representatives from the United Nations Development Programme (UNDP) to discuss potential non-oil investment projects in Iraq. Key projects under discussion included: Fibre optic cable infrastructure. High-quality silica sand investment. Soil enhancement technologies to combat desertification. Climate investment strategy, recently […]
By John Lee. An arbitration tribunal has been appointed in the case of Agility Public Warehousing Company K.S.C. v. Republic of Iraq (ICSID Case No. ARB/17/7). Its members are: Sarah Grimmer (New Zealand), President, appointed by agreement of the Parties; Stephen L. Drymer (Canadian), appointed by Claimant; and Dr. August Reinisch (Austrian), appointed by Respondent. […]
By John Lee. The National Investment Commission (NIC) held an extensive meeting with KBR on March 4, 2025, to explore the development of Iraq's first blue ammonia plant in Basra. According to the UK's Royal Society, 'blue ammonia' is ammonia produced using 'blue hydrogen', i.e. hydrogen produced by steam methane reforming (SMR) where the carbon […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 13th March 2025. Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed on Mar. 16, 2025 (Sunday) due to a public holiday. The next trading session will be held on Mar. […]
By John Lee. Iraq's Ministry of Justice has said it has successfully defended Iraq in a $1-billion international arbitration case filed by Germany's AHG Industry GmbH & Co. KG at the World Bank's International Centre for Settlement of Investment Disputes (ICSID). According to the statement from the Ministry on Tuesday (11th March), the dispute stemmed […]
By John Lee. Iraq's Ministry of Industry and Minerals has engaged in discussions with the United Nations Development Programme (UNDP) to enhance industrial and economic development. The meeting, chaired by Deputy Minister for Planning Ahmed Abdul Jabbar Ali, focused on cooperation mechanisms to support Iraq's 2024-2030 Industrial Strategy. The Deputy Minister highlighted the ministry's policy-making […]
By John Lee. Iraq's National Investment Commission (NIC) has held a preparatory meeting for the Energy Services Economic Cities Initiative, aimed at supporting local economic diversification and attracting foreign investment in the energy sector. NIC Chairman Dr. Haider Mohammed Makia [Makiyya] emphasised that these specialised cities will serve as hubs for global and local companies […]
By John Lee. US National Security Advisor Mike Waltz held a call with Iraqi Prime Minister Mohammed S. Al-Sudani on Sunday, reaffirming Washington's commitment to strengthening bilateral relations with Baghdad. Mr. Waltz extended Ramadan greetings and expressed concern over recent flooding in Baghdad. Discussions focused on economic cooperation, with Prime Minister Al-Sudani outlining his government's […]
By John Lee. Ambassador Mohammed Hussein Bahr Aluloom, Undersecretary of the Iraqi Foreign Ministry for Bilateral Relations, met in Helsinki with Jarno Syrjälä, Under-Secretary of State for International Trade of Finland, to discuss ways to enhance economic, trade, and investment cooperation between the two countries. Ambassador Bahr Aluloom highlighted Iraq's economic progress, emphasizing security stability […]
By John Lee. Irish-based Petrel Resources Plc (LON: PET) has raised £250,000 through a share placement managed by Novum Securities. The placement represents a 45% discount to the closing price on 5 March 2025. According to a statement from the company, the funds will provide additional working capital, supporting Petrel's efforts to secure new oil and […]
