EBRD Cuts Iraq GDP Growth Forecast
By John Lee. The European Bank for Reconstruction and Development (EBRD) has revised its forecast for Iraq's real GDP growth downward, projecting a contraction of 1.5 per cent for 2026, down from a February estimate of 3.6% growth for the year. According to the EBRD's June forecast, the figures for Iraq are as follows: 2024 […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 4th June 2026. Please click here to view a table of listed companies and their associated ticker codes. Rabee Securities' Market Indexes Change - Weekly Index Code Closings Change (w/w) (%) Change (YTD) (%) IQD-RSISX 2,624.5 -0.4% 2.7% USD-RSISX 2,580.6 -0.4% 2.7% […]
More Humongous Dividends, and a visit to Al-Mutanabbi Street
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. More Humongous Dividends, and a visit to Al-Mutanabbi Street The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), was down 4.9% […]
Assets Seized in Iraqi Oil Ministry Corruption Case
By John Lee. An investigating judge at Iraq's Central Anti-Corruption Criminal Court has announced that preliminary investigations into a corruption case involving Adnan Muhammad Mahmoud, former deputy oil minister for refining affairs, have resulted in the seizure of significant assets linked to him and associates. The Supreme Judicial Council said the seizures include approximately 40 […]
Iraq to Expand Crude Oil Exports via Pipeline and Road
By John Lee. Iraq's cabinet has approved a plan to significantly increase crude oil exports, including through a new route via Syrian Mediterranean ports, according to the Ministry of Oil. The cabinet, chaired by Prime Minister Ali al-Zaidi, endorsed recommendations from a meeting held on 20th May between the prime minister and senior Ministry of […]
Iraq Regulator Cancels Korek Telecom Settlement Contract
By John Lee. Iraq's Communications and Media Commission (CMC) has cancelled its settlement contract with Korek Telecom and ordered a halt to all the company's operations, citing repeated failures to meet its contractual obligations. In a statement, the CMC said the decision was taken under clauses 12, 13, 15 and 16 of Article Five of […]
Iraq-Germany Commercial Cooperation Moves Forward
By John Lee. According to Iraq's Ministry of Trade, officials have met to discuss implementation of the trade memorandum of understanding (MoU) signed between Iraq and Germany on 26th February 2026. The meeting, held in Baghdad, brought together Sattar al-Jabiri, Undersecretary of the Ministry for Administrative Affairs; Sontka Hiren, director of the liaison offices of […]
Second Aluminium Extrusion Plant Opens in Iraq
By John Lee. A second aluminium extrusion plant has begun operations at Ur State Company, a subsidiary of the Ministry of Industry and Minerals, producing thin and medium-gauge aluminium sections. According to Ur General Company, the plant was built using the company's own resources and is equipped with the latest international technology. Key specifications include: […]
Egypt's TMG Holding to Develop $18.8bn Community in Baghdad
By John Lee. Talaat Moustafa Group (TMG) has received an investment licence and secured a land bank of approximately 12.8 million sqm in south-west Baghdad to develop an integrated urban community, in what the Egyptian group describes as a key milestone in its regional expansion strategy. According to TMG Holding, its subsidiary Talaat Moustafa Company […]
$40.5m-a-Year Hospital Mgt Deal "Renewed" in Najaf
By John Lee. Italian hospital group Gruppo San Donato (GKSD) has reportedly renewed its contract with the Iraqi Ministry of Health to manage the Al-Najaf Al-Ashraf Teaching Hospital in Najaf. According to ANSA, the agreement is valued at $40.5 million per year, and was announced following a meeting between Kamel Ghribi, president of GKSD and […]
New Development Agency Opens in Ranya
By John Lee. The Raparin Regional Development Agency (RRDA) was officially launched on Sunday in Ranya [Rania], Sulaymaniyah. The opening ceremony was attended by Kurdistan Region Deputy Prime Minister Qubad Talabani, UK Consul General Andrew Bizley, and consuls from France and Armenia, alongside domestic and international guests. Talabani said a primary objective of the agency […]
Attack on MSC Ship near Umm Qasr Port
By John Lee. A cargo vessel operated by Mediterranean Shipping Company (MSC) was struck by two projectiles near Umm Qasr on 1st June, according to the United Kingdom Maritime Trade Operations (UKMTO) Centre and MSC. The vessel, the MSC Sariska V, was departing port when the first projectile hit while the pilot was still onboard; […]