Iraq, China agreement to Combat Corruption, Recover Assets
By John Lee. Iraq's Integrity Commission and China's National Supervisory [Oversight] Commission have signed a memorandum of understanding to strengthen cooperation in combating corruption, pursuing fugitives, and recovering assets. The agreement aims to align efforts with the Belt and Road Initiative, promoting transparency and clean governance. Iraq's Integrity Commission head, Judge Haider Hanoun, emphasized the […]
Iraq Oil Exports Fall in August
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for August, 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: 105,845,599 barrels. Exports from the oil fields in […]
Second phase of the PROSPECTS partnership in Iraq
Second phase of the PROSPECTS partnership launched in Iraq The Government of Iraq officially launched yesterday the second phase of the PROSPECTS partnership in Iraq, an initiative spearheaded and funded by the Government of the Netherlands. This four-year initiative, with a total investment of USD 46 million, aims to provide comprehensive crticial support to refugees, […]
Nasiriyah International Airport: Project Data
By John Lee. Iraq's Ministry of Transport has announced that the Nasiriyah International Airport project has reached over 56% completion, with significant progress following the resolution of obstacles faced by the Chinese contractor. Key Data: Project: Nasiriyah International Airport Completion Rate: 56% Total Workers: 450 Machinery in Use: Over 120 units Main Buildings: Passenger terminal […]
Centralisation within Iraq's Judiciary "Undermines the Rule of Law"
By the Iraq Watch Group, part of the London School of Economics (LSE) Middle East Centre. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Centralisation of Authority within Iraq's Judiciary Undermines the Rule of Law On 30 May 2024, the Court of Cassation, […]
Iraq and Indonesia agree Visa Exemption
On September 23, Deputy Prime Minister and Foreign Minister Mr. Fuad Hussein and Indonesian Minister of Foreign Affairs Ms. Retno Marsudi signed a mutual visa exemption agreement for diplomatic and services passport holders of both countries. The agreement aims to strengthen friendly relations and develop diplomatic cooperation between the two countries, based on the principle […]
Analysis of Iraqi Grain Market
By John Lee. World-grain.com has published an information-packed article on the grain and flour market in Iraq. Written by Susan Reidy, Focus on Iraq includes data from the International Grains Council (IGC) and the Foreign Agricultural Service (FAS) of the US Department of Agriculture. Click here to read the report. (Source: World-grain.com)
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 26th September 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 1,800.5 2.2% 15.9% RSISX USD Index […]
$65m Contract for Vessel Maintenance and Repair in Iraq
By John Lee. The U.S. State Department has approved a possible sale of Follow-On Technical Support (FOTS) for vessel maintenance and repair to Iraq, valued at an estimated $65 million. The principal contractor will be Amentum, which was created in 2020 by the sale of AECOM's Management Services business to affiliates of Lindsay Goldberg and […]
Iraq Moves Toward Self-Sufficiency in Fuel Production
By John Lee. Iraq's Deputy Minister of Oil for Refining, Hamid Younis (pictured), has announced the ministry's commitment to achieving self-sufficiency in all types of petroleum products to support the national economy. The country has already stopped importing gas oil (kerosene) and white oil, and has significantly reduced gasoline imports. Younis highlighted ongoing projects aimed […]
New Direct Flights between Baghdad and Sharjah
By John Lee. Iraq's Ministry of Transport has announced new direct flights between Baghdad and Sharjah, starting on October 17, with four weekly flights. The initiative is part of the ministry's plan, overseen by Minister Razzaq Mohibis Al-Saadawi, to expand Iraq's international flight network and enhance civil aviation. The new route aims to strengthen commercial […]
$8m Contract for Tactical Training in Iraq
By John Lee. IDS International LLC, based in Arlington, Virginia, has awarded an $8,575,534 hybrid (cost-no-fee and firm-fixed-price) contract to support tactical training in Iraq. Bids were solicited via the internet with one received. Work will be performed in Camp Taji, Iraq, with an estimated completion date of Sept. 28, 2025. Fiscal 2024 Foreign Military […]