CBI, IFC consider New Leasing Company for Iraqi Start-Ups
By John Lee. Central Bank of Iraq (CBI) Governor Ali Mohsen Al-Alaq has met Bilal Al-Saghir, the International Finance Corporation's (IFC) Resident Representative in Iraq, to discuss strengthening bilateral relations, particularly in training Iraq's banking sector workforce. The parties intend to sign a Memorandum of Understanding on the matter in the coming period. They also […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 14th 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 2,301.0 -2.3% 2.3% RSISX USD Index […]
US Reiterates Opposition to Iraq PMF Bill
By John Lee. The US State Department has reiterated its opposition to proposed legislation in Iraq concerning the Popular Mobilisation Forces (PMF), warning that it could increase Iranian influence and undermine Iraq's sovereignty. Speaking at a press briefing on Tuesday, State Department Spokesperson Tammy Bruce (pictured) said Washington opposed any legislation inconsistent with the goals […]
Iraq, KRG Agree New Oil Export Mechanism
By John Lee. The Kurdistan Regional Government (KRG) Ministry of Natural Resources and the Iraqi Ministry of Oil have agreed on a new mechanism for oil exports from the Kurdistan Region of Iraq. The deal, finalised after joint meetings beginning on 17 July 2025 and site visits to all regional oil fields, was signed on […]
Iraq to Export Oil through Syria?
By John Lee. Iraq's Minister of Oil Hayan Abdul Ghani has held talks in Baghdad with Syrian Minister of Energy Mohammad Bashir, focusing on cooperation in oil, gas, and energy. Discussions covered Iraq's plans to diversify crude oil export routes amid rising production, including rehabilitating or replacing the Iraq-Syria export pipeline, which was active in […]
Iraqi PM announces $57m to finance Youth Projects
By John Lee. Prime Minister Mohammed Shia Al-Sudani has chaired the periodic meeting of the Supreme Council of Youth, coinciding with World Youth Day and the second anniversary of the Council's establishment. The meeting was attended by several ministers and senior advisers. The Council approved reallocating IQD 75 billion [$57 million] recovered from Agricultural Initiative […]
CBI Discusses Banking Reform Plan with Oliver Wyman
By John Lee. Central Bank of Iraq (CBI) Governor Ali Mohsen Al-Alaq and the CBI's specialist team have met with consultancy firm Oliver Wyman to review the Iraqi Private Banks League's comments on the national banking reform plan. The Governor confirmed that the CBI had completed an in-depth discussion, during which participants showed understanding of […]
Oil Production Resumes at Shaikan Field
By John Lee. Gulf Keystone Petroleum (GKP) has said that production operations have recently restarted at the Shaikan Field in Iraqi Kurdistan, following a security assessment and consultation with the Kurdistan Regional Government (KRG). It said a further update on production and sales will be provided as part of the 2025 Half Year Results, which […]
Edita Food Industries expedites entry into Iraqi Market
By John Lee. Egypt's Edita Food Industries has established of a UAE-based holding company, Edita Investments Holding LTD, which has invested IQD 960.7 million [USD 730,000] in Ahramat Al-Nile for General Trading and Food Industries Limited -- formerly Tuma Jebur Abbas (TJA) -- in Iraq, via a capital increase. Operations in Iraq are expected to begin […]
Jameel Motors Appointed Distributor for OMODA & JAECOO in Iraq
By John Lee. Jameel Motors has signed an agreement with China's Chery Group to distribute the OMODA & JAECOO vehicle brand in Iraq, marking a first market entry for both companies. According to a press release, the distribution rights were secured through a competitive process involving local and international firms. It adds that Iraq's automotive […]
WFP Iraq Country Brief, July 2025
In Numbers 9,447 people assisted USD 276,384 cash-based transfers made USD 11.7 million six months (August 2025 - January 2026) net funding requirements Operational Updates General Food Assistance WFP provided e-vouchers to over 6,000 resident beneficiaries (1,644 households) in the Al-Amal Rehabilitation Centre (formerly Jed'ah 1 Centre) in Ninewa Governorate. Moreover, WFP provided cash assistance […]
Hyundai Wins Contract for Iraqi Sea Water Treatment Plant
By John Lee. As part of its measures to address water scarcity, the Iraqi government has approved the award of the Common Seawater Supply Project (CSSP-ITT-05) tender for the Artawi [Ratawi] oil field to Hyundai Engineering & Construction of South Korea. The contract covers engineering, procurement, supply, construction, commissioning, and operation (EPSCC) of the seawater […]