Iraqi PM Discusses Oil Sector Progress with Lukoil Delegation
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, met with a delegation from Russian oil company Lukoil to review ongoing cooperation and projects in Iraq. The discussions focused on the company's operations in the West Qurna-2 and Eridu [Block 10] oil fields and the progress made in these developments. Al-Sudani emphasized the government's priority […]
$2.1m UNAMI Contracts in Muthanna
By John Lee. The United Nations Assistance Mission for Iraq (UNAMI) has awarded two contracts relating to construction in Muthanna: Bab Al Karama for General Contracting Ltd.: AMI/24/HABITAT/CONST.LOTS #1. The contract is valued at $1,077,900. Aswar Al-Hadhaba General Trading, Contracting and Transportation Ltd: AMI/24/HABITAT/CONST.LOTS #2. The contract is valued at $1,131,450. (Source: UN)
Foundation Stone laid for Iraq's Tallest Skyscraper
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makkiya, has laid the foundation stone for Iraq's tallest skyscraper, part of the Downtown Baghdad project. This iconic development will feature the capital's first high-rise tower, standing at 65 stories, along with eight additional towers. The project includes over 1,300 residential […]
Mapping the Role of FinTech in Iraq
By John Lee. Makers of Baghdad, an innovation hub and maker space, has produced a report exploring the impact of financial technology on economic growth, inclusion, and innovation in Iraq. Mapping the Role of FinTech in Iraq finds that the financial landscape in Iraq is undergoing a significant transformation, largely driven by the rise of […]
IOM Iraq Mission issues Annual Report 2023
By John Lee. The International Organization for Migration's (IOM) Iraq Mission has issued its Annual Report 2023. Established in 2003, it has over 1,600 staff, and sub-offices across all governorates, with main offices in Baghdad, Erbil, Mosul and Basra. Click here to download the full report in English Click here to download the full report […]
New JV to enter Iraqi Logistics Market
By John Lee. Dubai logistics and transport company Aramex has announced a new joint venture with Abu Dhabi-based investment company ZK Holding, aimed at supporting both local and international businesses in Iraq. According to a press release from ZK Holding: Through this joint venture, Aramex will significantly expand its existing footprint in the country by […]
Iraq Opens Embassy in Dublin
By John Lee. Iraq has opened a new embassy in the Irish capital, Dublin. In a separate meeting on Thursday with Irish President Michael D Higgins, Iraqi Foreign Minister Fuad Hussein called for the opening of a resident Irish Embassy in Baghdad to strengthen bilateral relations. Full statement from Iraq's Ministry of Foreign Affairs: Deputy […]
599 Iraqi Companies and 27 Foreign Branches Registered in Sept
By John Lee. Iraq's Ministry of Trade announced the registration of 599 national companies and 27 branches of foreign companies during September. The Companies Registration Department, led by Rashad Khalaf Hashim, also issued several decisions, including amendments to contracts of joint-stock companies, adjustments to capital, and the merging and liquidation of companies. Additionally, 897 companies […]
iQ, Nokia team up to develop New Wholesale Route
By John Lee. Sulaymaniyah-based iQ Networks and Nokia have announced their collaboration to establish a new Dense Wavelength Division Multiplexing (DWDM) wholesale route from the Gulf to Europe. According to a press release: "This strategic route will provide new fiber optic paths, significantly enhancing both latency and diversity while enhancing the capacity and strengthening the […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 17th 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 1,962.4 4.5% 26.3% RSISX USD Index […]
ICF's Annual 5K Benefits Iraq's Orphans and Vulnerable Children
Celebrating ICF's 12th Annual IN THEIR SHOES 5K to Benefit Iraq's Orphans and Vulnerable Children On Saturday, September 28, 2024, hundreds in Washington, DC and around the world joined the Iraqi Children Foundation's 12th annual run/walk to benefit Iraq's most vulnerable children, including orphans, street kids, child laborers, disabled children, and child victims of trafficking. […]
New Infrastructure Projects for Diyala
By John Lee. On a visit to Diyala governorate on Wednesday, Prime Minister Mohammed S. Al-Sudani announced a series of new projects: Construction of 99 schools across Diyala, funded by the Iraq Development Fund. Al-Muqdadiya District Sewerage Project, valued at 56.6 billion dinars. Central District of Balad Ruz Sewerage Project, valued at 45.4 billion dinars. […]