IFC reviews Baghdad Airport Development Project
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has presided over a meeting with a delegation from the International Finance Corporation (IFC), a member of the World Bank Group, to follow up on the Baghdad International Airport (BIAP) development project. The meeting discussed the steps taken by the IFC to attract investors and specialized […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 24th Oct 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 1,957.7 -0.2% 26.0% RSISX USD Index […]
$180m Investment for Service Projects in Wasit Province
By John Lee. Prime Minister Mohammed Shia Al-Sudani has announced the approval of eight new service projects in Wasit Province, with a total cost of 236 billion dinars [$180 million]. The projects focus on improving water and sewerage infrastructure, including: Al-Bashaer sewerage project (6.86 billion dinars) Al-Dhahab/Zurbatiya sewerage project (0.715 billion dinars) Badra sewerage project […]
Iraq Allocates £9m for 3 Coast Guard Vessels
By John Lee. In a move to enhance the capabilities of its security forces, the Iraqi government has approved a budget allocation of 12 billion dinars [$9 million] from the emergency reserve fund. The funds will be used to complete the construction of three coast guard patrol vessels. This initiative aims to strengthen Iraq's maritime […]
Iraq Initiates Steps for 5G Implementation
By John Lee. The Iraqi government has assigned a team led by the Minister of Communications to negotiate with leading global telecom operators to launch a 5G mobile telecommunications service. The team will focus on selecting a company with proven expertise in building, operating, and managing 5G networks. Companies with experience in the Middle East […]
Iraqi PM replaces Anti-Corruption Chief
By John Lee. Judge Haider Hanoun (pictured) has been replaced as head of Iraq's Commission of Integrity. According to a statement from the Prime Minister's Office, the position will be filled by Mr. Mohammed Ali Al-Lami, the longest-serving Director General at the Commission. Hanoun was appointed to the role in November 2022, following the resignation […]
Genesys appoints Exclusive Agent in Iraq
By John Lee. Iraq's Supercell Network has announced that it will the exclusive agent for US-based Genesys in Iraq. Genesys offers Call Center as a Service (CCaaS) and Omni-channel solutions to improve connectivity between businesses and customers, with a focus on artificial intelligence such as chat bots, voice bots, and data analytics tools. According to […]
Iraqi Kurdistan holds Regional Polls, but Change remains Elusive
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan holds regional polls, but change remains elusive After two years of delays, Iraqi Kurdistan has finally held regional legislative elections. The two largest Kurdish parties last cycle again topped the polls, […]
Adam Smith International assists with Iraq Budget Prep
By John Lee The Iraqi government has started discussions on the structure of the 2025 budget, with expectations for its submission to Parliament early next year, according to Atwan Al-Atwani, head of the Parliamentary Finance Committee. State-run Iraqi News Agency (INA) says Al-Atwani hosted a delegation from Adam Smith International to discuss public financial management […]
Iraq ranked 145th for Innovation
By John Lee. CEO World magazine has ranked Iraq 145th out of 196 countries in its World Innovation Index. This puts it behind neighbours such as Iran and Jordan, but ahead of Syria and Yemen. Singapore, Taiwan and South Korea take the top three places. The index considers factors such as patent applications, global brand […]
Iraq and Spain Strengthen Economic Ties
By John Lee. Iraq's Minister of Transport, Razzaq Muhibis Al-Saadawi, announced the successful conclusion of the 13th session of the Iraq-Spain Joint Committee, which resumed after a decade-long hiatus. The discussions, held in Baghdad, focused on enhancing economic and trade relations between the two nations. Minister Al-Saadawi highlighted Iraq's policy shift towards global economic openness […]
Iraq Opens New Embassy in Croatia
By John Lee. Deputy Prime Minister and Foreign Minister Mr. Fuad Hussein has opened the new Iraqi embassy in Zagreb, in a step aimed at strengthening relations between Iraq and Croatia. The opening ceremony was attended by the Minister of Foreign and European Affairs of Croatia Dr. Gordan Grlić Radman, the Croatian Ambassador to Iraq […]