Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 5th December 2024). Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed on Dec. 10, 2024 (Tuesday) due to a public holiday (Victory Day). The next trading session will be held […]
Tabaqchali: Corporate Earnings Growth Underpins Iraq Market Rally
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. Market Marks a Milestone, Closing at an All-time High The market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was 2.9%, […]
Honeywell discusses Development of Iraqi Oil Refineries
By John Lee. Iraq's Deputy Minister of Oil for Refining Affairs, Hamed Younis, reaffirmed Iraq's commitment to collaborating with reputable global companies to advance its refining sector. This aligns with the government's strategic program and directives from Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani. During a meeting with Honeywell's Middle […]
Iraqi Start-Up Eduba "Acquired for Seven Figures"
By John Lee. Iraqi edtech startup Eduba has reportedly been acquired by a major Iraqi ISP. According to a report from Tajarib, the company was sold for "an undisclosed seven-figure amount"; details of the acquiring company were not disclosed. In 2021, the company was one of nine business start-ups chosen for the second cohort of […]
New Chinese Car Brand Enters Iraqi Market
By John Lee. China's Soueast Motor has marked its official entry into the Middle East with a brand launch event at Erbil's Rotana Hotel. Soueast, a brand name of South East (Fujian) Motor Co., Ltd., offers two new SUV models which it says are "tailored for Iraqi consumers." Partnering with regional distributor Harlem Group, Soueast […]
IBBC Women's Group: Education Empowers Women and the Iraqi Economy
From the Iraq Britain Business Council (IBBC). IBBC Women's group gears up at Dubai Conference to discuss 'How education empowers women and the Iraqi economy' The IBBC women's group is convening at the Dubai conference on 12/13th December, to focus on how educating women benefits the Iraqi economy. Representatives of Ministry of Higer Education, SABIS […]
Iraq and Poland Explore Economic and Agricultural Cooperation
By John Lee. A delegation from Iraq's Parliamentary Committees on Agriculture, Water, Marshlands, Economy, and Trade, led by MP Faleh Al-Khazali, visited the Polish Chamber of Commerce in Warsaw to discuss strengthening bilateral economic, agricultural, and industrial ties. The delegation met with Mr Shumovsky, Head of International Cooperation at the Chamber, and senior Polish trade […]
Major New IBBC Report on 'Ease of Doing Business in Iraq'
The Iraq Britain Business Council (IBBC) has published its Advisory Council report on the Ease of Doing Business in Iraq. The report outlines the challenges businesses face and provides actionable recommendations for the Iraqi government to foster a more business-friendly environment. The full report is now available on the IBBC website here. According to data […]
The Turning Point: Iraq's Leap into the Digital Economy
From the United Nations Development Programme (UNDP): The Turning Point: Iraq's Leap into the Digital Economy In a world increasingly defined by digital finance, Iraq has taken a transformative step with the Digital Payment Regulation No.2 of 2024. This landmark policy marks more than just regulatory progress; it signifies a realignment of Iraq's financial infrastructure with […]
Iraq Partners with Vodafone for Govt-Owned 5G Network
By John Lee. The Iraqi Ministry of Communications has signed an agreement with UK's Vodafone to establish a new 5G telecommunications network fully owned by Iraq. The agreement outlines Vodafone's role in preparing the network for launch, providing expertise in network design, commercial strategies, and business growth planning. A memorandum of understanding was also signed […]
South Gas Company to Lead LNG Platform Project
By John Lee. Iraq's Cabinet has approved the South Gas Company (SGC) to oversee the establishment of a fixed platform for importing liquefied gas. The company has been granted the following responsibilities: Coordination with Iraqi Ports Authority: Identify platform and gas storage locations, define specifications, and negotiate preparatory works including excavation, landfilling, and berth construction. […]
UK Firm reportedly Wins Gas-Field Contract in Iraq
By John Lee. UK-based Fulkrum, which describes itself as "a leading inspection, expediting, auditing and technical staffing service provider," has reportedly won a multi-million-dollar contract to provide surveillance services for a major gas hub development project in Iraq. According to a report from Oilfield Technology, the company has also registered a new entity in Basra […]