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 […]
Iraq Restructures Airport Management Function
By John Lee. As part of its oversight of airport and air navigation management and services, Iraq's Council of Ministers has approved the following: Separating the management of Iraqi airports from the State Company for Airports and Air Navigation and affiliating them with the Ministry of Transportation, to be under the level of a directorate […]
Turkiye to spend $19.9bn on Development Road Project
By John Lee. Turkish Transport Minister Abdulkadir Uraloglu (pictured) has reportedly said that the Turkish leg of the Development Road Project, connecting Asia and Europe through Turkey and Iraq, will cost $19.9 billion. Anadolu Agency quotes him as saying that the railway component will amount to $17.9 billion, and involve the construction of 1,028 miles […]
Iraq Selects Vodafone for 5G National Telecom Licence
By John Lee. Iraq's Minister of Communications, Dr. Hayam Al-Yasiri, announced the Cabinet's approval of British multinational Vodafone as the operator for the national 5G mobile licence. The decision follows recommendations from the Ministry's negotiation team. The Ministry will formally notify Vodafone to begin negotiations on a memorandum of understanding, outlining preparatory steps for project […]
Iraq Blocks IMDb Movie Database for "Inappropriate Content"
By John Lee. Iraq's Ministry of Communications has confirmed the decision to block access to the IMDb movie database, citing what it says is its promotion of "inappropriate and unethical" content. Nabil Abdul Baqi, General Manager of the Al-Salam State Company [Peace Company], a government body under the control of the Communications Ministry, stated that […]
Iraq announces Oil Exports for October
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for October, but has again not disclosed the value of oil exports for the month. This continues the practice of delayed or missing oil export data from the Ministry. Total exports of crude oil: 103,145,225 barrels. Exports from the oil fields in […]