Iraq and Türkiye Sign Ten MoU's
By John Lee. Iraq and Türkiye have signed ten memoranda of understanding (MoUs) aimed at enhancing cooperation across a wide range of fields. The signing ceremony, overseen by Prime Minister Mohammed S. Al-Sudani and President Recep Tayyip Erdoğan, included agreements on defense industries, judicial cooperation, combating drug trafficking, disaster management, and digital public relations. A'sdditional […]
Iraq and Masdar discuss Acceleration of Solar Energy Projects
By John Lee. Iraq's Ministry of Electricity held a virtual meeting with the UAE's Masdar to expedite the signing of a power purchase agreement and resolve challenges related to the construction of solar power plants in Maysan, Dhi Qar, and Anbar. The planned projects, with a total capacity of 1,000 megawatts, represent a significant step […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 8th 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 2,349.0 1.1% 4.4% RSISX USD Index […]
IBBC and MEA hold reception in House of Lords
IBBC and MEA in complimentary reception in House of Lords The Iraq Britain Business Council (IBBC) and the Middle East Association (MEA) held a complimentary reception in the House of Lords, hosted by Baroness Nicholson, who welcomed the assembled members. Mr Jon Wilks CMG spoke of the opportunities in Iraq and benefits of trade councils […]
Genel Energy issues Trading and Ops Update
By John Lee. Genel Energy has issued a trading and operations update relating to Q1 2025. Regarding the company's operations in Iraqi Kurdistan, it said: Kurdistan Region of Iraq Operations Gross production of 82,081 bopd in Q1 2025 (increased from 74,140 bopd in Q4 2024) from the Tawke license Working interest production of 20,520 bopd […]
Dinars to Dollars: Official List of Approved Banks
By John Lee. The Central Bank of Iraq (CBI) has announced that pilgrims can purchase dollars through designated banks and companies in Baghdad and other provinces. The process involves exchanging Iraqi dinars for US dollars at the branches of participating banks and companies. Further details and a list of the authorized entities are available on […]
PM gives Ultimatum for Completion of Al-Khairat Power Plant
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting on the delayed Al-Khairat Thermal Power Plant project in Karbala, attended by the Chinese Ambassador to Iraq and representatives from the executing companies, Harlow International and CITIC, as well as officials from the Ministries of Electricity and Oil. The Prime Minister granted the […]
Meta explores Digital Transformation in Iraq
By John Lee. Prime Minister Mohammed S. Al-Sudani met with a delegation from US-based social media giant Meta to discuss collaboration in digital transformation, digital sovereignty, individual security, and content policies. The Prime Minister affirmed the government's commitment to advancing automation and digital transformation across public services, including government and banking applications. Both parties agreed […]
Iraq Ranks "Medium" in Human Development
By John Lee. The UN's latest Human Development Report ranks Iraq in 126th place (jointly with Eswatini) out of 170 countries, based on data from 2023: Human Development Index (HDI) Global Rank: Joint-126th HDI Score: 0.695 Category: Medium Human Development Inequality-adjusted HDI (IHDI): 0.534 HDI Loss due to Inequality: 23.2% Health & Income Life Expectancy […]
Azerbaijan discusses Cooperation with Iraq in Energy Sector
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with Azerbaijan's Foreign Minister, Mr. Jeyhun Bayramov, and the Vice President of SOCAR to discuss enhancing cooperation between Iraq and Azerbaijan, particularly in the energy sector. The Prime Minister highlighted investment opportunities in oil and gas and invited SOCAR to participate in projects. (Source: PMO)
Tabaqchali: Market at an All-time High, Oil Prices Crashing, What Gives?
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market at an All-time High, Oil Prices Crashing, What Gives? The market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), closed […]
Iraq to Establish $190m Energy Investment Company
By John Lee. Iraq's Council of Ministers has approved the formation of a new private limited company focused on energy sector investments, with an initial capital of 250 billion Iraqi dinars (approximately $190 million), subject to increase. The founding stakeholders include the State Employee Pension Fund and the Trade Bank of Iraq (TBI), while the […]