Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 13th February 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 2,250.5 0.2% 0.05% RSISX USD Index […]
Iraq PM Launches 6,000ha Housing Project
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has launched the Residential City Development Project in Nahrawan, Baghdad, covering 24,197 donums [approx 6,000 hectares, 15,000 acres], to provide serviced residential plots for Ministry of Defense personnel. The project is being managed by Dubai-based World Legend Contracting. During the ceremony, the Prime Minister also handed […]
Iraq Imposes 40% Additional Customs Duty on Imported PET Rolls
By John Lee. Iraq's Council of Ministers has approved a 40% additional customs duty on imported PET rolls made from polyethylene granules, used in the production of single-use water cups, food containers, and transparent storage products. The measure will be in effect for four years without reduction, with market conditions under review. Key Measures: Customs […]
Iraq Agrees to 80% Debt Reduction for Mozambique
By John Lee. Iraq has agreed to forgive 80% of Mozambique's bilateral debt, with the remaining 20% restructured over 15 years, following a four-year grace period (2029-2043). The original debt of $60.26 million was incurred in 1979-1980 for oil supply agreements but had grown in the meantime to $320.16 million. Under the agreement, $256.13 million […]
German School to support Iraqi Company for Bank Guarantees
By John Lee. Germany's Frankfurt School of Finance and Management has won a contract with the International Labour Organization (ILO) to, "enhance the operational efficiency and effectiveness of the Iraqi Company for Bank Guarantees (ICBG)." The contract value was not disclosed. According to information provided by the UN, the project has four primary objectives: Optimize […]
Iraq Approves Phosphate and Sponge Iron Projects
By John Lee. The Iraqi Ministry of Industry and Minerals has secured government approval to establish a fully integrated phosphate fertilizer complex in Anbar and a sponge iron plant in Basra, marking what it describes as a major step in reviving the country's strategic industries. According to a ministry statement, the Higher Committee for Reconstruction […]
British Business Heightened Interest in Iraq following PM Visit
By Jon Wilks CMG, Former UK Ambassador to Iraq, for the Iraq Britain Business Council (IBBC): British business heightened interest in Iraq following visit of Prime Minister Al Sudani to London Iraq in 2025 continues a steady and sustained recovery based on greater stability, strong oil revenues, staying out of regional conflicts and accelerating reconstruction. […]
Standard Chartered leads $95m Iraq Power Financing
By John Lee. Standard Chartered has successfully arranged a $95-million term loan for the Iraqi Ministry of Finance, supporting the supply of five electrical substations across northern and southern Iraq. The financing, backed by a 100% UK Export Finance (UKEF) guarantee, covers both political and commercial risks. The Ministry of Electricity will use the funds […]
Iraq to Expand Maysan Refinery with New 70,000 bpd Unit
By John Lee. The Iraqi Ministry of Oil has announced plans to expand Maysan [Missan] Refinery by adding a new refining unit with a capacity of 70,000 barrels per day (bpd), increasing the refinery's total output to 110,000 bpd. During a visit to the refinery, Deputy Minister for Refining Affairs Adnan Mohammed Hammoud emphasized that […]
Tools and Training enhance Water Resilience in Iraq
By Kim Andersson, Annette Huber-Lee, Jennifer Aghaji for the Stockholm Environment Institute (SEI). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Focus Iraq: SEI's water tools and training enhance water resilience Iraq faces severe water challenges due to climate change and regional issues from […]
National Climate Resilience Assessment for Iraq
By John Lee. The International Energy Agency (IEA) has published its National Climate Resilience Assessment for Iraq: Key Climate Trends Iraq's warming rate (0.48°C per decade) exceeds the global average (0.37°C). Projected temperature rise: 2.5°C (low-emissions) to 5.6°C (high-emissions) by 2100. More extreme weather: Increased droughts in the north, heavier rainfall in the south. Growing […]
Iraq Launches 3rd Phase of "Baghdad Pulse" Initiative
By John Lee. The Office of the Prime Minister, in collaboration with the Iraqi Private Banks League (IPBL), Baghdad Municipality, and the Ministry of Culture, has announced the launch of the third phase of the "Baghdad Pulse" initiative, aimed at rehabilitating Al-Rasheed [Al Rashid] Street (pictured, 2008), one of Iraq's oldest and most historically significant […]