Iraq to discuss Rehabilitation of Oil Pipeline through Syria
By John Lee. The Iraqi National Intelligence Service has led an official delegation to Damascus under the direction of Prime Minister Mohammed S. Al-Sudani. The delegation, headed by Mr. Hamid Al-Shatri, President of the Iraqi National Intelligence Service, is scheduled to meet with Syrian President Ahmed al-Sharaa' and other senior Syrian officials. The delegation includes […]
New Sadr City: Chinese State Firm to build 11,000 Houses
By John Lee. Baghdad Municipality has signed a contract with China's state-owned Shandong Hi-Speed Group [Shandong Gaosu Group] for the construction of 11,000 housing units in the New Sadr City project. Speaking at the signing ceremony, Mayor Ammar Musa Kazem said that more than 30 companies expressed interest in the project, which represents the first […]
$1.17bn New Cement and Chemical Investment in Muthanna
By John Lee. Prime Minister Mohammed S. Al-Sudani has launched the commercial operation of the $200-million Najmat Al-Samawa 2 Cement Plant in Al-Muthanna Province via video conference. With a daily production capacity of 6,000 tons, the plant is part of a wider $1.171-billion industrial investment package aimed at bolstering Iraq's construction materials sector. Najmat Al-Samawa […]
IMF cuts Iraq Growth Forecast for 2025
By John Lee. According to the latest World Economic Outlook from the International Monetary Fund (IMF), Iraq's economy is forecast to shrink by 1.5 percent this year. This is a reduction from the 4.1 percent growth forecast in their October 2024 report. For subsequent years, the organisation predicts a return to strong growth. Globally, "the […]
Progress on Construction of Nasiriyah International Airport
By John Lee. Prime Minister Mohammed S. Al-Sudani conducted a field inspection on Monday to assess progress at the Nasiriyah International Airport project in Dhi Qar Province. With the overall completion rate of 47%, the Prime Minister urged relevant authorities to swiftly address remaining obstacles, including power supply, conflict resolution, clearance of military structures, and […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 24th April 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 2,297.0 -2.3% 2.1% RSISX USD Index […]
Iraq Stock Exchange to join Tabadul Digital Trading Platform
By John Lee. The Abu Dhabi Securities Exchange (ADX), the UAE's largest financial market, has signed an agreement with the Iraq Stock Exchange and the Iraqi Securities Commission (ISC), paving the way for Iraq to join the regional digital trading platform, Tabadul. The signing ceremony was held at ADX headquarters on Tuesday. The agreement follows […]
Iraq and Germany Discuss Proposed Development
By John Lee. Iraq's Ministry of Planning held discussions with representatives of the German Agency for International Cooperation (Deutsche Gesellschaft für Internationale Zusammenarbeit; GIZ) in Iraq to explore cooperation and developmental transformation. Key areas of focus included a joint international cooperation agreement, the establishment of offices for the German Development Bank (Kreditanstalt für Wiederaufbau; KfW) […]
KRG PM meets New British Ambassador to Iraq
By John Lee. KRG Prime Minister Masrour Barzani has welcomed Irfan Siddiq, the newly appointed British Ambassador to Iraq. PM Barzani congratulated Ambassador Siddiq on his new post and reaffirmed the Kurdistan Regional Government's commitment to strengthening ties with the United Kingdom. The Ambassador praised the Kurdistan Region's progress and confirmed Britain's readiness to expand […]
US Bill to Sanction Iraq for Importing Iranian Gas
By John Lee. A group of Republicans in the US Congress have introduced a bill to provide for the imposition of sanctions with respect to the importation of natural gas from Iran by the Government of Iraq. Bill H.R. 2574 -- the "No Iranian Energy Act" -- has been referred to a number of committees, […]
Iraq discusses buying Korean Defence Helicopters
By John Lee. Iraqi Defense Minister Thabet Mohammed has discussed expanding cooperation with South Korea on air and mobile defense systems, including the Korean Utility Helicopter (KUH-1), also known as 'Surion'. The meeting took place on the sidelines of the IQDEX 2025 International Defense Exhibition, held in Baghdad from 19th to 22nd of April. Korean […]
PM launches Suq Al-Shoyokh Infrastructure Project
By John Lee. Prime Minister Mohammed S. Al-Sudani has laid the foundation stone for the Suq Al-Shoyokh Infrastructure Project in Dhi Qar Province, reaffirming the government's commitment to service delivery and job creation for local residents. The 505-billion-dinar [$386 million] project will provide fully serviced neighbourhoods, including sewerage, stormwater systems, and water treatment facilities, aiming […]