GKP announces Return to Profitability
By John Lee. Gulf Keystone Petroleum (GKP) has announced its results for the half year ended 30 June 2024: Jon Harris, Gulf Keystone's Chief Executive Officer, said: "We have safely delivered a solid operational and financial performance in the first half of 2024, with robust local sales combined with sustained capital and cost discipline supporting […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 29th August 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 1,678.9 0.5% 8.0% RSISX USD Index […]
The Iraqi Dinar Revaluation Scam: False Hope, Financial Deception
By a Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Iraqi Dinar Revaluation Scam: An Examination of False Hope and Financial Deception Introduction The notion that the Iraqi Dinar (IQD) will appreciate in value by an unprecedented multiple has circulated in […]
Chinese Firm to Develop Basra Iron and Steel City
By John Lee. Iraq's Minister of Industry, Khaled Battal Al-Najm, discussed the contract procedures with China's Tsingshan Holding Group for the development of a specialized industrial city focused on iron and steel production in Basra. The meeting, held on Monday with ministry officials and the Chinese delegation, reviewed the steps and details involved in finalising […]
Iraq and Egypt Discuss Investment Opportunities
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, met with leading Egyptian business representatives in El Alamein, Egypt, on Tuesday, during his official visit to the country. The meeting emphasized the strategic relationship between Iraq and Egypt, highlighting the potential for economic integration between the two nations. Al-Sudani noted Iraq's ongoing recovery and stability, […]
Saudi Arabian approves MoU with Iraq on Money Laundering
By John Lee. The Saudi Arabian Cabinet has approved a Memorandum of Understanding (MoU) with Iraq aimed at tackling money laundering and terrorist financing. In a statement, the state-run Saudi Press Agency (SPA) reported that agreement involved, "exchanging financial investigations related to combating money laundering and terrorism financing between the Saudi General Directorate of Financial […]
Blue Ammonia Plant for Basra?
By John Lee. Iraq is reportedly preparing to grant an investment licence for its first blue ammonia production plant, which will be situated in Basra Governorate. A spokesperson for the National Investment Commission (NIC) told the state-run Iraqi News Agency (INA) that the project will reduce carbon emissions into the atmosphere, making it environmentally friendly. […]
Iraq and Turkey to Launch 13 New Water Projects
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, has chaired a meeting to discuss the first phase of water projects outlined in a framework agreement with Turkey, signed in April. The package includes 13 key projects focused on water resource management, sanitation, and irrigation. Al-Sudani emphasized the importance of optimizing these projects, particularly in […]
UN launches Campaign to clean Al-Hawizeh Marsh
By John Lee. The Food and Agriculture Organization of the United Nations (FAO) has launched a campaign to clean the Al-Hawizeh Marsh from plastic waste and pollution: Clean-Up Campaign in Al-Hawizeh Marsh: In line with World Water Week and the "Water is Life" campaign, FAO Iraq, in collaboration with the Iraqi government, local authorities, and […]
Parliament's "Secret" Salary Increase "stokes Public Outrage"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. 'Secret' salary increase in Iraq's parliament stokes public outrage Reports that Iraq's parliament has quietly expanded the privileges of lawmakers has broken open a firestorm of public recrimination. Opposition MPs and activists accuse […]
Iraq Sees 22% Growth in Tax Revenues
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, chaired a meeting of the High Committee for Tax Reform on Thursday. The committee reviewed the implementation of various government reform measures that led to a 22% increase in tax revenues as of early August, compared to the same period last year. Al-Sudani emphasized that tax […]
1001 to Broadcast Spanish Football in Iraq
By John Lee. 1001 Media has announced a co-exclusive broadcasting partnership that will bring Spain's LALIGA EA Sports to football fans across Iraq. Starting with the 2024/25 season, 1001 has secured co-exclusive rights to stream all 380 matches live and on-demand in full HD (1080p) on supported devices. In a statement, 1001 Media said: "This […]