Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 29th May 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 2,338.8 3.2% 4.0% RSISX USD Index […]
Iraq Launches New Sadr City Project: 60,000 Homes, Modern Infrastructure
By John Lee. Prime Minister Mohammed Shia Al-Sudani has officially launched construction on the New Sadr City project in Baghdad. The project covers 4,000 dunams [400 hectares; 1,000 acres] between the Al-Maamel area and the edge of the existing Sadr City. It will feature 60,000 housing units of various sizes, fully integrated with public services […]
Wood secures c.$100m of awards to Reduce Gas Flaring in Iraq
Wood secures c.$100 million of awards to reduce gas flaring in Iraq Wood, a global leader in consulting and engineering, has been awarded a series of decarbonisation contracts with a value of c.$100m for flare gas reduction and carbon efficiency project solutions across the largest oil fields in Iraq. Wood will deliver brownfield engineering, procurement […]
Musk's SpaceX Explores Entry into Iraqi Market
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani met with a delegation from U.S. tech giant SpaceX (Space Exploration Technologies Corp) to discuss cooperation in Iraq's communications sector. The talks covered the services provided by the company's Starlink satellite constellation, including its global satellite-based internet coverage, and explored opportunities to facilitate its entry into […]
Iraq to Negotiate Nuclear Energy Agreement with Russia
By John Lee. The Iraqi Council of Ministers has authorised the Chairman of the Iraqi Atomic Energy Commission to negotiate and sign a draft cooperation agreement with the Russian Federation. The agreement will focus on the peaceful use of nuclear energy, in line with Iraq's constitutional provisions. The Ministry of Foreign Affairs has been tasked […]
Foundation Stone laid for Integrated Services Project in Maysan
By John Lee. The Governor of Maysan, Mr. Habib Dhahir Al-Fartousi, laid the foundation stone on Tuesday, 27 March 2025, for a new integrated services project in Al-Waraq Village, located in the Al-Majar Al-Kabir District. The initiative is part of the governorate's broader strategy to improve infrastructure and expand essential services in rural areas. The […]
New Partnership to Connect the Middle East and Europe via Iraq
By John Lee. Zain Omantel International (ZOI) has announced a partnership with Iraq's Horizon Scope Telecom and the Iraqi Telecommunications and Information Company (ITPC), a government-owned company under the Iraqi Ministry of Telecommunications. This partnership enables ZOI to create a digital telecommunications corridor stretching from the Middle East to Europe through Iraq, offering alternative terrestrial […]
IBBC calls for Sponsors for First Iraqi Equestrian Olympic Rider
From the Iraq Britain Business Council (IBBC): IBBC calls for sponsors for Zara Murad as she works to become the first ever Iraqi equestrian Olympic rider Zara Murad is a trailblazing equestrian with a historic mission: to become the first-ever equestrian rider representing Iraq at the Los Angeles Olympics 2028. As the first international dressage […]
World Bank Reaffirms Support for Iraq's Reform Agenda
By John Lee. In a meeting held on Tuesday, Iraq's Minister of Finance, Taif Sami Mohammed, welcomed a delegation from the World Bank's Environment Section, led by Regional Director Ms. Maskeren Bahraini, to discuss closer collaboration on financial reform and sustainable environmental development. The talks covered key World Bank projects focused on environmental protection and […]
US Reaffirms Support for KRG Energy Deals
By John Lee. The US State Department has reiterated its support for energy agreements between American companies and the Kurdistan Regional Government (KRG), following reports that Iraq's federal Ministry of Oil has filed lawsuits against two such deals. During a press briefing on May 27th, spokesperson Tammy Bruce stated that the United States supports economic […]
Dinar-Dollar Volatility: Seasonal and Structural Factors
By John Lee. A report by the Future Iraq Institute for Economic Studies and Consultations reportedly highlights significant fluctuations in the exchange rate of the Iraqi Dinar (IQD) against the US Dollar on the parallel market over the past two decades, driven by a mix of seasonal, political, and macroeconomic factors. Key factors cited in […]
Baghdad files Lawsuit against Erbil over Energy Deals
By Sinan Mahmoud for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Oil Ministry files lawsuit against Kurdish region over unilaterally signed energy deals The semi-autonomous region has signed multibillion-dollar agreements with US companies HKN Energy and WesternZagros to develop […]