Iraq, Ooredoo Discuss Submarine Cable Projects
By John Lee. Iraq's Minister of Communications, Dr. Hiyam Al-Yasiri (pictured), has met with Ooredoo of Qatar to discuss joint projects aimed at strengthening Iraq's role as a regional and international data hub. Talks focused on implementing bilateral agreements to route communications traffic via the FIG submarine cable landing station in Al-Faw, managed by Ooredoo, […]
Iraq, Oman discuss Data Centre / Fibre Optic Project
By John Lee. The National Investment Commission (NIC) has hosted a high-level meeting with an Omani delegation to discuss the establishment of advanced international data centres and the transit of fibre optic cables in Iraq under an investment model. The meeting, chaired by NIC Chairman Dr Haider Mohammed Makiyya, was attended by Oman's Ambassador to […]
Halliburton Exec discusses Oil and Gas Cooperation in Iraq
By John Lee. Prime Minister Mohammed Shia Al-Sudani has received the President, Eastern Hemisphere, of Halliburton, Shannon Slocum, and his accompanying delegation in Baghdad. Al-Sudani emphasised that the presence of major international oil companies in Iraq reflects the government's commitment to developing the energy sector in line with global standards. He highlighted Iraq's plans to […]
Eight-Truck TIR Convoy Reaches Jordan via Iraq
By John Lee. Turkish logistics company DMN Lojistik has successfully delivered a shipment of goods from Gaziantep, Türkiye, to Amman, Jordan, using Iraq as a transit route under the United Nations-backed TIR system. According to a press release from the International Road Transport Union (IRU), the eight-truck convoy completed the journey in under five days, […]
Iraq Authorises Pipeline Extension Contract with SEPCOIII
By John Lee. The Iraqi Cabinet has authorised the Ministry of Electricity to sign an addendum with China's SEPCOIII [Electric Power Construction Corporation] for the construction of a dry gas pipeline supplying the Anbar Combined-Cycle Power Plant. The project involves a 250-kilometre pipeline, with the new addendum covering the construction of the section from the […]
Jordan and Iraq Extend Electricity Supply Agreement
By John Lee. Jordan's National Electric Power Company (NEPCO) has announced an agreement with Iraq to extend the electricity supply contract for one year. NEPCO's Director General, Dr. Sufyan Bataineh, confirmed that, at Iraq's request, the company will continue providing power from Jordan's grid to Iraq's Al-Rutba region until September 2026, or until the planned […]
DNO Increases Oil Production in Iraqi Kurdistan
By John Lee. Norway's DNO ASA has reported net production of 56,100 barrels of oil equivalent per day (boepd) from the Kurdistan Region of Iraq (KRI) in the second quarter of 2025, out of a company total of 92,600 boepd. Gross production was ramped up on a test basis to 55,000 boepd, split roughly evenly […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 21st 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 2,297.6 -0.1% 2.1% RSISX USD Index […]
Iraq Targets $250bn in New Investments Over Two Years
By John Lee. The National Investment Commission (NIC) has announced plans to attract up to $250 billion in investments over the next two years, as part of efforts to diversify the economy and reduce reliance on oil revenues. NIC spokesperson Hanan Jassim told the state-run Iraqi News Agency (INA) that recent government reforms and legislative […]
Iraq Forms Team to Improve Sovereign Credit Rating
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has directed the formation of a joint national team to strengthen Iraq's financial and economic standing internationally. The team will be chaired by the Governor of the Central Bank of Iraq and include representatives from the Ministries of Finance, Oil, and Planning, along with specialised economic and […]
Iraq's Inflation Rate Drops Sharply
By John Lee. The Central Bank of Iraq (CBI) has reported a significant decline in the inflation rate, reflecting a drop in the general price level and an improvement in purchasing power for individuals and institutions. It said that inflation stood at 0.8 percent in the second quarter of 2025, representing a 76 percent decrease […]
Iraq Denies Vodafone Contract Claims
By John Lee. The Ministry of Communications has denied reports of an investment contract with British company Vodafone, stressing that no agreement has been signed to date. Omar Abdul Razzaq Musaheb (pictured), Official Spokesperson for the Ministry of Communications, confirmed in a statement that procedures for establishing the national mobile licence project are still underway, […]