Ethios Energy discusses Rehabilitation of Doura Gas Power Plant
By John Lee. Iraq's Minister of Electricity, Eng. Ziyad Ali Fadel, chaired a technical meeting with ministry officials, representatives of the Central Region Electricity Production Company, and a delegation from Ethios Energy to expedite the rehabilitation of Al-Doura Gas Power Plant in Baghdad. The minister stressed the urgency of restoring power generation capacity to meet […]
Saudi firm discusses Iraq Power Sector Development
By John Lee. The Fuel Directorate of Iraq's Ministry of Electricity hosted a seminar featuring representatives from Saudi-based CNSA, attended by senior officials including the Ministry's Deputy for Production Affairs, Eng. Mohammed Nema, and other technical specialists. CNSA presented innovative technologies to enhance the efficiency of Iraq's power sector, including: Advanced fuel tank cleaning methods […]
Spanish Rail Company to Expand Operations in Iraq?
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met on Friday with a delegation from Consultrans, a Madrid-based company specialising in railway projects; Consultrans is part of the Imathia Group. The Prime Minister emphasized the importance of Spanish companies investing in Iraq, highlighting the confidence Iraqi authorities have in Spanish firms, as reflected in […]
Iraq Seeks Defense Collaboration with Leading Spanish Firms
By John Lee. During his to visit to Spain this week Prime Minister Mohammed S. Al-Sudani held discussions with representatives from Rheinmetall Expal, Indra, and Airbus. Rheinmetall Expal Munitions describes itself as, "a world-renowned ammunition and armament manufacturer specialised in artillery ammunition, mortar and medium calibre rounds as well as fuzes and rocket propulsion systems." […]
200 Masters Scholarships for Iraqi Students in Tourism
By John Lee. UN World Tourism Organization (UNWTO) Secretary-General, Zurab Pololikashvili, met with Iraqi Prime Minister Mohammed S. Al-Sudani during is visit to Madrid, to discuss strategies for revitalizing Iraq's tourism industry. The talks emphasized Iraq's rich religious, archaeological, and natural heritage, aligning with the government's goal to attract global visitors and drive economic growth. […]
UK, Iraq sign "landmark" Agreement to tackle Organised Crime
By John Lee. The British Home Secretary has signed a joint statement with Iraq to tackle people smuggling and organised crime networks operating across the region and in Europe. During a 3-day official visit to Iraq, Yvette Cooper spoke to ministers from the Federal Government of Iraq and met ministers in the Kurdistan Regional Government […]
Fitch Affirms Iraq at 'B-'; Outlook Stable
By John Lee. Fitch Ratings has affirmed Iraq's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a Stable Outlook.. More details here. (Source: Fitch Ratings)
Video: Prof Gunter on Iraq's Private Sector; Shwan Aziz on Energy Opportunities
From the Iraq Britain Business Council (IBBC): Professor Frank Gunter outlines what Iraq needs to do to support the private sector and IBBCs Shwan Aziz on Iraq's energy opportunities via Iraq 24 channel Professor Frank Gunter Economics professor at Lehigh University and long-term observer of Iraq's economy, is launching an 'Ease of Doing business 'report for […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 28th November 2024). 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 2,202.8 -2.4% 41.7% RSISX USD Index […]
"Very Competitive Terms" - BP sees Kirkuk Oil Field Deal by Feb
By John Lee. British oil major BP aims to finalise an agreement to develop Iraq's Kirkuk oil field by February, CEO Murray Auchincloss (pictured) announced at the Energy Intelligence Forum. The memorandum of understanding (MOU) signed in August with Iraq's Oil Minister covers redeveloping the 20-billion-barrel field and adjacent sites, including gas, solar, and exploration […]
$2.5bn 'Heist of the Century': Iraqi Officials Sentenced
By John Lee. Karkh Criminal Court in Baghdad has sentenced three defendents in the "tax deposit" scandal, often referred to as the "heist of the century." The case involves the theft of 3.7 trillion Iraqi dinars ($2.5 billion) from the General Tax Authority's account at the state-run Rafidain Bank. According to a brief statement from […]
Iraq Signs MoUs for Tourism Development
By John Lee. Prime Minister Mohammed S. Al-Sudani met with Bandar bin Fahd Al-Fuhaid, President of the Arab Tourism Organization (ATO), to discuss strategies for advancing Iraq's tourism sector. The meeting culminated in the signing of two Memoranda of Understanding (MoUs) with the Ministry of Culture, Tourism, and Antiquities and the International Development Bank for […]