5K for Iraqi Orphans and Vulnerable Children
The Iraqi Children Foundation (ICF) is pleased to announce five distinguished individuals to headline the 5K as "Honorary Co-Chairs". ICF is grateful to each one in the ways they have lent their voice and support to the cause of Iraq's orphans and most vulnerable kids: His Excellency Nazar Al Khirullah, Ambassador of the Republic of […]
Iraq-China Trade expected to Grow 20% this year
By John Lee. The Ambassador of the Republic of Iraq in Beijing, Mr. Shorsh Khalid Saeed, met with the Chairman of China Council for the Promotion of International Trade (CCPIT), Mr. Chen Xiaofeng and his accompanying delegation, at the Embassy headquarters. According to a statement from Iraq's Ministry of Foreign Affairs, Ambassador Saeed commended the […]
Iraq "Moves to Profit-Sharing" in New Oil Contracts
By Charles Kennedy for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Moves to Profit-Sharing Terms in New Oil and Gas Contracts Iraq seeks to attract more investment in its oil and gas industry by moving to profit-sharing contracts for new […]
900 Lebanese Companies Operating in Iraq
By John Lee. Iraqi Foreign Minister Fuad Hussein received the Lebanese Ambassador Mr. Ali Al Habhab at the Ministry's headquarters in Baghdad on Tuesday. Among other items, the meeting discussed economic and investment relations and cooperation at various levels; the Lebanese Ambassador indicated that there are about 900 Lebanese companies operating in Iraq, including 600 […]
DNO Increases Spending in Iraqi Kurdistan
By John Lee. DNO has announced that it has increased spending in Iraqi Kurdistan during the second quarter of 2024, to optimize production from existing wells at the flagship Tawke license (DNO 75 percent and operator), "raising gross output from the Tawke and Peshkabir fields to an average of 83,500 boepd in the first half […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 15th Aug 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 1,700.6 -2.7% 9.4% RSISX USD Index […]
Iraq Signs 13 Initial Energy Development Contracts
By John Lee. Iraq's Ministry of Oil, led by Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani, has signed 13 initial contracts with companies to develop oil fields and exploration blocks as part of the supplementary fifth and sixth licensing rounds. The deals are expected to add 750,000 barrels per day […]
Jiyad: Proposed Oil Overproduction Compensation Raises Questions
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq Proposed Oil Overproduction Compensation, Raises Questions Await Answers OPEC Secretariat statement No. 9/2024, dated 24th July 2024, confirms receipt of plans to compensate for "Cumulative overproduction Jan. 2024 to June 2024 […]
Iraq Maintains Public Sector Stake in Mixed-Ownership Companies
By John Lee. The Iraqi government has decided to retain the state's shares in mixed-ownership companies, rejecting any sale of public sector stakes. The Cabinet said its decision on Tuesday was made to prevent losses to the public sector, as the true value of these companies is considered to be much higher than their current […]
New UAE Ambassador to Iraq
By John Lee. Deputy Prime Minister and Foreign Minister Mr. Fuad Hussein received a copy of the credentials of the new UAE Ambassador to Iraq Mr. Abdullah Matar Khamis Khalfan Al Mazrouei, at the Ministry's headquarters on Tuesday, August 13, 2024. The meeting dealt with bilateral relations between the two countries and ways to enhance […]
Iraq Approves New Residential City in Wasit
By John Lee. Prime Minister Mohammed Shia' Al Sudani chaired the regular meeting of the Higher Committee for Investment and Reconstruction, focusing on improving investment mechanisms across various economic and developmental sectors. The committee approved the creation of "New Wasit City," a residential project in Wasit province, as part of the government's vision to develop […]
Iraqi PM Inaugurates Key Infrastructure Projects in Baghdad
By John Lee. Prime Minister Mohammed Shia' Al Sudani inaugurated three significant infrastructure projects in Baghdad via video link. These include: Baghdad Entrance Project: The main entrance from Diyala-Kirkuk was upgraded, expanding the road from 10 to 16 meters with improved highway standards. Nahrawan Water Project: Located southeast of Baghdad, this project, stalled since 2012, […]