New Chair of Iraq's National Investment Commission
By John Lee. Dr. Haider Muhammad Makiya has taken up he new role as Chairman of Iraq's National Investment Commission (NIC). He immediately held a meeting with the Director Generals and senior officials, confirming the development of plans and strategies according to the governmental curriculum of the Prime Minister, Mr. Muhammad Shia al-Sudani, with the […]
Iraqi PM's Balancing Act Between Tehran and Washington
By David Schenker, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Sudani's Wobbly Balancing Act Between Tehran and Washington Although it is still too early to write the prime minister off as an Iranian lackey, he […]
DQOC to Resume Trial Production at Subba Oil Field
By John Lee. The Director General of the Dhi Qar Oil Company (DQOC) has announced the resumption of trial production operations from the Sabah (Subba) oil field, which has a capacity of 10,000 barrels per day (bpd). Eng. Ali Khudair said that the company has succeeded in modernizing and automating operations to resume production from […]
Germany: new EUR10m contribution to Stabilization in Iraq
By Editor on 28th January 2023 in Construction & Engineering In Iraq, Iraq Industry & Trade News, Politics, Security
Germany renews commitment to stabilization with new EUR 10 million contribution The Federal Republic of Germany has renewed its commitment to stabilizing Iraq with an additional EUR 10 million (approximately US$10.5 million) contribution. The critical support will be channeled through UNDP's flagship programme, the Funding Facility for Stabilization. The generous contribution was formalized at a […]
KRG PM Barzani receives UK's new Consul-General in Erbil
KRG Prime Minister Masrour Barzani received the United Kingdom's new Consul-General in Erbil, Rosey Cave on Thursday. The Prime Minister congratulated her on her appointment and wished her success in her duties and expressed the Kurdistan Region Government's full support for the new Consul in order to further promote the strong relationship between the UK […]
Iraq Cancels Contract with German Company TUV
By John Lee. The Board of Directors of the Iraqi General Company for Exhibitions and Commercial Services, part of the Ministry of Trade, announced on Wednesday (25th January) a decision to terminate their contract with the German company TUV. In a statement, the Ministry said this move is aimed at reducing the burden on Iraqi […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th January 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Return RSISX Index Closings Change (d/d) (%) Change (ytd) (%) Change (12M) (%) RSISX IQD Index 985.9 0.0% 8.3% […]
Iraq Falls Further in Human Freedom Index
By John Lee. Iraq has been ranked in 157th place out of 165 countries in the latest Human Freedom Index (HFI). Produced by the Fraser Institute and the Cato Institute, the index presents a broad measure of human freedom, understood as the absence of coercive constraint. This eighth annual index uses 83 distinct indicators of […]
Conference on Ending Statelessness in Iraq
UNHCR and Ministry of Interior hold conference in Baghdad to discuss the way forward to end statelessness in Iraq Thanks to its legal framework to reduce and prevent statelessness, thousands of stateless persons or those at risk of statelessness in Iraq have acquired Iraqi nationality over the years. However, some individuals are still suffering from […]
Iraq Rail Project to herald "Economic Renaissance"
By John Lee. At a meeting on Wednesday attended by the Minister of Transport, the Prime Minister, and a number of general managers, the details of Iraq's "Dry Canal" project were reviewed. The project will link Iraq's Grand Faw port, which is still under construction, by rail to the Mediterranean, with the intention of providing […]
Iraqi Court rules against KRG Budget Transfers
By John Lee. Iraq's Federal Supreme Court has ruled that budget payments from the Federal Government in Baghdad to the Kurdistan Regional Government (KRG) are unlawful. In response to the court's decision, the KRG issued a statement strongly opposing this verdict, calling it "unconstitutional and illegitimate". The statement also added: "This court is not constitutionally […]
PepsiCo Foundation and ICF announce Hope Bus Partnership
The PepsiCo Foundation and Iraqi Children Foundation Announce Hope Bus Partnership for Education, Nutrition In celebration of the International Day of Education, the PepsiCo Foundation and Iraqi Children Foundation announced a new "Hope Bus" education partnership for at-risk orphans and children living in poverty in Baghdad. The Hope Bus initiative provides vulnerable children in one […]