Iraqi Stocks: What Next After Two Gangbuster Years?
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. What Next After Two Gangbuster Years? The market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was up 44.8% and 97.2% […]
Crescent Petroleum secures Iraq Gas Contract
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting on Tuesday with representatives of UAE's Crescent Petroleum, attended by the Ministers of Oil and Electricity. The meeting discussed the government's plans to advance gas investment in partnership with the private sector. The Prime Minister directed the Ministry of Electricity to proceed with […]
iQ Networks and GBI sign Dark Fibre Framework Agreement
By John Lee. On Tuesday (7th January), iQ Networks, a subsidiary of Sulaymaniya's iQ Group, signed Iraq's inaugural dark fibre IRU framework agreement with Qatar-based Gulf Bridge International (GBI) in Baghdad. According to a statement from iQ, this landmark deal is a pivotal move towards establishing Iraq as an essential telecommunications hub. The event also […]
PPL receives $6m from Iraq's Midland Oil Company
By John Lee. Pakistan Petroleum Limited (PPL) has announced that its subsidiary, PPL Asia E&P B.V. (PPL Asia), has received a payment of $6 million from Iraq's state-owned Midland [Middle] Oil Company (MdOC), in relation to the conclusion of its Exploration, Development, and Production Service Contract (EDPSC) for Block-8 in in the Diyala and Wasit […]
ISC Highlights Growth of Iraqi Stock Exchange
By John Lee. The Iraqi Securities Commission (ISC) has published its main financial and economic indicators for 2024, highlighting significant growth in the performance of the Iraqi stock market. It said in a statement that the report reflects increased confidence in the market's role in supporting the national economy. Overview of Listed Securities Total Listed […]
Iraq Approves New Foreign Remittance Service
By John Lee. Turkiye's Global Odeme Hizmetleri (Get Money Global) has been approved to provide foreign remittance services in Iraq within a credit agreement involving Western Union and MoneyGram. The announcement was made by the Central Bank of Iraq (CBI) and confirmed by Global Odeme Hizmetleri. (Sources: CBI, Global Odeme Hizmetleri)
Tabaqchali on Kurdistan's Share of the Iraqi Budget
By Ahmed Tabaqchali for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Kurdistan's share of the 2024 Iraqi budget: More than meets the eye The KRI's share of the budget has always been more than meets the eye, a share […]
UN to provide Sports Facilities in Mosul
By John Lee. Baher Alshamal Co. Ltd. has won a contract with the United Nations Secretariat for the "Construction of multi-purpose sports court in Japan Village Project, Rajm Hadeed Neighborhood, Mosul City, Nineveh." Contract value is stated as $70,230. (Source: UNGM)
Foundations Laid for West Qurna 1 Ops Centre
By John Lee. Iraq's Ministry of Oil celebrated the groundbreaking of the West Qurna 1 Field Operations Center (Phase 1) and inaugurated several service projects in Al-Sadiq District, Basra Province. The initiatives were carried out by the Basra Oil Company (BOC) in collaboration with PetroChina, the operator of the West Qurna 1 field. The new […]
Calls to Revive Iraq-Syria Oil Pipeline
By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Assad's fall spurs calls to revive Iraq-Syria oil pipeline The overthrow of the former Syrian president, Bashar Al-Assad, has brought calls for the revival of the now-defunct […]
Contract Awarded for New Houses in Fallujah
By John Lee. Al-Fityan Company For General Contracts Ltd has won a contract with the United Nations Office for Project Services (UNOPS) for the "Construction of 36 housing units in Fallujah district Anbar." Contract value is stated as $961,900. (Source: UNGM)
New Housing Complex opens in Baiji
By John Lee. Prime Minister Mohammed S. Al-Sudani inaugurated the City of Refineries Housing Complex in Baiji District, Salah al-Din Province, on Thursday. The complex includes 1,178 residential units that have been rebuilt after being destroyed by ISIS terrorist groups. The Prime Minister said the city has been fully restored with complete services and infrastructure, […]