Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 15th May 2025. Note: ISX is closed on May 15 and May 18, 2025 due to the Arab Summit. The next trading session will be held on May 19, 2025 (Monday). Please click here to view a table of listed companies and […]
Rolls-Royce Motor Cars authorises Dealership in Iraq
Al Uroush Automotive Limited becomes authorised Rolls-Royce Motor Cars dealer in Erbil, Iraq Rolls-Royce Motor Cars Iraq will offer the full Rolls-Royce model portfolio and dealer services at a temporary facility with showroom planned for 2026 First dealer in the country since the foundation of the brand 120 years ago Luxury market in Iraq is […]
Iraq Investment Forum: Over 130 Investment Opportunities
By John Lee. The National Investment Commission (NIC) has announced that over 130 fully approved investment opportunities will be presented at the Iraq Investment Forum, set to take place in mid-June in Baghdad. NIC Chairman Dr. Haider Mohammed Makia [Makiyya] described the forum as a strategic platform for economic transformation, aimed at attracting international investors […]
Iraqi PM Launches $2bn Industrial City in Al-Zubair
By John Lee. Prime Minister Mohammed Shia Al-Sudani has launched the construction of the Industrial City in Al-Zubair, as part of the Development Road project. The $2-billion project spans 3,000 dunams and will house around 20 factories producing steel, metal casting, rolling, pipes, wire, aluminum alloys, ceramics, doors, and construction materials. The site will also […]
Iraq Launches Major Chemical Production Project in Basra
By John Lee. Iraq's Minister of Industry and Minerals, Prof. Eng. Khaled Battal Al-Najm, has launched the construction of the country's largest chemical production plant in Basra. Located at the State Company for Petrochemical Industries, the project aims to boost Iraq's production capacity and create job opportunities. The plant, developed in partnership with the private […]
Lucky Cement fires New Clinker Production Line in Samawah
By John Lee. The Najmat Al-Samawah (NAS) joint venture, led by Pakistan's Lucky Cement, has successfully fired the kiln for its new clinker production line in Samawah, The line has a capacity of 1.82 million tons per annum (MTPA). An additional cement grinding plant with a capacity of 0.65 million tons per annum is under […]
Iraq's Ministerial Council for Economy Convenes in Baghdad
By John Lee. Iraq's Ministerial Council for Economy, held its 13th and 14th sessions in Baghdad on May 12, 2025. Discussions included enhancing coordination between federal and regional quality control authorities, with a focus on streamlining goods inspection at border crossings. The Council approved measures to recognize the Kurdistan Region's quality control tests for imported […]
Dollar Transfers from Iraq: JP Morgan awards TBI
By John Lee. The Trade Bank of Iraq (TBI) has been awarded the "STP Excellence in Payments and Transfers" award from JP Morgan, recognizing the bank's commitment to efficient and sustainable direct payment practices. According to a statement from TBI, the award highlights its high efficiency in processing financial transactions, particularly in direct financial transfers […]
Contract signed for $240m Cement Plant in Muthanna
By John Lee. Jordanian-based International Venture Investment Holding (IVI Holding) has announced the signing of an Engineering, Procurement, and Construction (EPC) contract with Chinese company Sinoma Overseas Development to build a 6,000 TPD [tonnes per day] clinker cement plant in Al-Muthanna Province. The project, valued at over $240 million, aims to address the local cement supply […]
PM orders meeting on Al-Khairat Power Plant Investment
By John Lee. The Iraqi Prime Minister has ordered a consultative meeting to be held between the Ministry of Electricity and the General Secretariat of the Council of Ministers regarding the Al-Khairat Thermal Power Plant. According to a statement from the Prime Minister's Office, the focus of the meeting is on resolving financing issues related […]
Iraq Assumes Presidency of Economic and Social Council
By John Lee. Iraq has assumed the presidency of the Economic and Social Council at the ministerial-level meeting in Baghdad, part of the preparations for the Fifth Arab Economic and Social Development Summit. The outgoing president, Lebanese Minister of Economy and Trade Amir Bisat, expressed confidence in Iraq's leadership. Taking over the presidency, Iraq's Minister […]
Iraq Dinar Fraud: $8.4m Recovered
By John Lee. The Iraqi Judiciary has recovered 11 billion dinars [$8.4 million] following a financial fraud case involving a company that illegally profited from currency exchange rate differences through fraudulent overseas money transfers. According to a statement from Iraq's Commission of Integrity, the recovery was led by the Second Karkh Investigation Court, under the […]