Teacher Insurrection puts Pressure on Kurdish Ruling Parties
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Teacher insurrection puts pressure on Kurdish ruling parties Teachers in Iraqi Kurdistan are escalating protests to pressure the Kurdistan Regional Government (KRG) into paying public sector salaries more regularly. Thirteen teachers have been […]
Iraq Advances Development of Exploration Block 3
By John Lee. Bassem Mohammed Khudair, Undersecretary for Extraction at Iraq's Ministry of Oil, chaired a high-level meeting on Thursday to discuss the development of Exploration Block 3. Key Discussion Points: Participants: Senior officials attended, including the Directors General of the Oil Exploration Company (OEC), Midland [Middle] Oil Company (MdOC), Petroleum Contracts and Licensing Directorate […]
Basra Gateway Terminal gets New Crane
By John Lee. The Basra Gateway Terminal (BGT) at Umm Qasr has commissioned a new Gottwald ESP.8 mobile harbour crane from Finnish company Konecranes. With a 125-ton lifting capacity and a 54-meter boom, the crane can serve vessels up to post-Panamax class, according to a statement from International Container Terminal Services, Inc (ICTSI). Photo shows […]
IDC Begins 18-Well Project at East Baghdad Field South
By John Lee. The Iraqi Drilling Company (IDC) has commenced drilling operations for the first well in an 18-well project at the Southern East Baghdad oil field, in cooperation with China's EBS Petroleum, a body registered in Iraq to conduct the petroleum operations on behalf of China's ZhenHua Oil, The project aims to boost national […]
Unified Retirement Law: "A Step Towards Improving Retirees' Lives"
From Education International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: The Unified Retirement Law: A step towards improving retirees' lives and creating job opportunities In a significant step towards achieving social justice and equality among retirees, the Kurdistan Regional Government in Iraq […]
Hilal Al-Iraq Al-Muntazar wins Basra Roads Contract
By John Lee. Hilal Al-Iraq Al-Muntazar General Contracting Limited Liability Company has won an Engineering Design and Construction contract with the United Nations Assistance Mission for Iraq (UNAMI) for "paving access roads in Basra." Contract value is stated as $551,475. See our Comprehensive Guide to Construction Equipment in Iraq here. (Source: UNGM)
KRG Advances Environmental Protection Initiatives
By John Lee. The Kurdistan Regional Government (KRG) has issued an update on its environmental protection initiatives: Key Developments: 14,390 environmental permits issued in the past five years. 25,000+ projects monitored for compliance, with penalties imposed for violations. Illegal refineries shut down under PM Masrour Barzani's directive. Eight new dams completed, with more under construction […]
Iraq, Syria "set to Resume Trade with new Border Crossing"
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq, Syria set to resume trade with new joint border crossing Hassan Sheikh, chairman of the Iraqi-Syrian Commerce Council, confirmed that Iraq has finalized its preparations and requested Syria to implement the necessary border […]
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 […]