Iraq Launches National Education Strategy
By John Lee. The World Bank has recently published the National Education Strategy for Iraq 2022-2031 or also referred to as Iraq National Education Strategy (INES). Although issued in September 2024, the report covers the period from 2022 to 2031. According to a press release, the new document reflects on current challenges and presents a […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 3rd 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 1,852.7 2.9% 19.2% RSISX USD Index […]
Tabaqchali: Iraq Stock Market Rallies as Conflict Escalates
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Rallies as Conflict Escalates The equity market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was up 8.5% in September, […]
Modon and Lafarge Partner to Implement Green Cement Technology
Modon and Lafarge Partner to Implement Green Cement Technology As part of Modon's continuous development and under the active agreement with Lafarge, the French company specializing in infrastructure solutions and building materials, both parties have agreed to adopt and implement green cement technology in Modon's operations. This technology is one of Lafarge's most innovative solutions, […]
Iraq Rethinks Bank Merger Plans
By John Lee. Iraq's Cabinet has revised an earlier decision to merge its Agricultural, Industrial and Real Estate Banks. At the start of 2024, the Cabinet approved a contract with UK-based professional services firm Ernst & Young (EY) to study the merger of Industrial Bank, Real Estate Bank, and Agricultural Bank [Agricultural Cooperative Bank?] into […]
$3m allocated to Upgrade Iraqi Stock Exchange
By John Lee. As part of its financial reform efforts, Iraq's Cabinet has approved the allocation of 4 billion dinars [$3 million] to the Iraqi Securities Commission for the modernization and maintenance of electronic systems used for stock and bond trading. The project, exempted from standard government contract procedures, will be executed in partnership with […]
Iraq imposes Customs Duty on Imported Asphalt
By John Lee. Iraq's Cabinet has revised the sale price of asphalt to 450,000 dinars [$343] per ton, up from 350,000 dinars, applicable equally to both public and private sectors. Asphalt from the Qayyarah refinery will remain at 300,000 dinars per ton for all types, with pricing to be reviewed in four months. An 80-percent […]
Timeline for End of Military Mission to Defeat ISIS in Iraq
By John Lee. The United States and Iraq have announced that the Global Coalition to Defeat ISIS will conclude its military mission in Iraq over the next twelve months, and no later than the end of September 2025. In a joint statement, the countries said the Coalition will transition to "bilateral security partnerships in a […]
US Court orders Iraq to pay $5.7m
By John Lee. A US court has ordered Iraq to pay an American law firm $5.7 million in damages, interest and costs, relating to an unpaid legal bill. Mills Law Group LLP (MLG) took the state of Iraq, and the Iraqi Ministry of Justice, to court following Iraq's non-payment of fees for the company's services […]
Iraq receives 3 new Search and Rescue (SAR) Vessels
By John Lee. Netherlands-based Damen Shipyards Group has successfully delivered three advanced search and rescue (SAR) vessels to Jawar Al Khaleej (JAK) in a ceremony held at Albwardy Damen in Sharjah, UAE. The handover, which took place just five months after the contract signing, includes two Damen SPi 1605 SAR class vessels and one Damen […]
Iraq Resumes Full Civil Aviation Operations
By John Lee. Late on Tuesday evening, Iraq's Minister of Transport, Razzaq Muhibis Al-Saadawi (pictured), announced the full resumption of air traffic at all Iraqi airports following a temporary suspension earlier in the day due to regional tensions. A Ministry statement said that, with safety risks now mitigated, Iraqi airspace has reopened for all incoming, […]
Iraq Launches New Road and Bridge Projects
By John Lee. Iraq has approved a series of infrastructure projects, focussing on the construction of roads and bridges. These projects aim to improve connectivity and support economic growth across various provinces. Key developments include: Baghdad: Preparation of studies and technical feasibility for the construction of the road (Amara - Kut - Baghdad - Kirkuk) […]