$480m Contract for Dora Thermal Power Plant
By John Lee. The Iraqi Council of Ministers has authorised the Ministry of Electricity to award and sign an EPC contract for the Dora [Doura] Thermal Power Plant project in Baghdad, valued at $480 million (excluding supervision and monitoring costs). As part of the agreement, the contractor will waive its claim to a sovereign payment […]
KRG Completes $43m Public Hospital in Amedi
By John Lee. The Kurdistan Regional Government (KRG) has completed a new $43-million hospital in Deraluk, Amedi district, Duhok, to serve 250,000+ residents. State-of-the-art facility spanning 250,000 sqm, featuring advanced medical technology. 100-bed capacity with a full range of specialist and emergency services. Medical services offered: Emergency & primary care Six operating rooms (major & […]
Iraq Expands Subsidised Shopping Centers
By John Lee. Prime Minister Mohammed S. Al-Sudani inaugurated the Taawon Hypermarket shopping center in Al-Bayaa, Baghdad, on Wednesday, offering food and goods at subsidised prices. Through a televised conference, he also launched five additional shopping centers in Al-Hurriya, Al-Salihiya, Al-Shaab, Palestine Street, and Jamila, alongside construction work for 23 similar projects in Baghdad and […]
Intensified Efforts to Contain Foot-and-Mouth Disease in Iraq
By John Lee. The Iraqi Ministry of Agriculture has said it has intensified its preventive measures to combat the spread of Foot-and-Mouth Disease (FMD) and protect the country's livestock. The campaign is being led by the Veterinary Directorate, under the supervision of Dr. Abbas Jabr Al-Maliki, Minister of Agriculture, and with direct oversight from Dr. […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 20th 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 2,241.3 -0.4% -0.4% RSISX USD Index […]
Al-Rafidain Bank Launches $1.5bn National Bonds
By John Lee. In line with directives from the Ministry of Finance and the Central Bank of Iraq (CBI), Al-Rafidain Bank has announced the launch of the first issuance of national bonds worth IQD 2 trillion [$1.5 billion]. The issuance period runs from February 10 to March 10, 2025. The bonds are available in two […]
Iraq Reviews Implementation of UK Agreements following PM's Visit
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a meeting on Wednesday to follow up on the outcomes of his recent official visit to the United Kingdom. The meeting assessed the progress of the Memorandums of Understanding (MoUs) signed during the visit and discussed mechanisms for their implementation. Al-Sudani emphasized the importance of activating […]
Iraq cuts off Internet Service to Korek Telecom
By John Lee. Iraq's Communications and Media Commission (CMC) has ordered the immediate suspension of internet services for Korek Telecom due to what it described as outstanding debts and continued violations. A statement from CMC said the decision aims to pressure the company into settling its financial obligations. The CMC has formally requested the Ministry […]
Iraq Launches 'Eduba' School Construction Project
By John Lee. Iraq's Prime Minister Mohammed Shia Al-Sudani launched the execution phase of multiple school construction projects in five provinces via video conference on Sunday, as part of Phase One of the Eduba Project, implemented through the private sector under the Iraq Development Fund. The first phase includes school construction in: Sabaa Qusour, Baghdad […]
UAE Minister of Economy delivers Keynote Address at Gulfood
H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy delivers keynote address at Gulfood Gulfood 2025, the largest global food business event opened its doors for a second day at Dubai World Trade Centre (DWTC) ahead of an impressive schedule. Ministerial Opening: Food500 Summit H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy […]
Iraq's Central Bank meets with US Treasury, Federal Reserve
By John Lee. The Central Bank of Iraq (CBI) has concluded its first quarterly meetings of 2025 with the US Treasury Department and the Federal Reserve Bank, held in Dubai, UAE, with participation from international auditing and consulting firms EY (Ernst & Young), K2 Integrity (K2i), and Oliver Wyman. Key highlights from the meetings included: […]
Iraq Improves Ranking in Corruption Perceptions Index
By John Lee. Transparency International has said that Iraq has improved its ranking and score in the global Corruption Perceptions Index (CPI) for 2024. From a total of 180 countries, Iraq came in at number 140, up 14 places on the previous year. This result puts it on equal ranking with Mexico, Nigeria and Uganda. […]