Iraqi Cabinet Approves Austrian Irrigation Loan Agreement
By John Lee. The Iraqi Cabinet has granted the Finance Minister the authority to sign a loan agreement with Austria's Erste Bank, secured by the Austrian Export Credit Agency (OeKB). The loan will finance an irrigation technology project under the Ministry of Agriculture, in accordance with the Federal Budget Law for the fiscal years 2023-2025. […]
New Ambassador of the UAE to Iraq
By John Lee. The new Ambassador of the UAE to Iraq has presented his credentials to President Abdul Latif Rashid. Abdulla Matar Al Mazrouei expressed his pride in representing the UAE in Iraq, and highlighted his keenness to enhance bilateral relations across various sectors, which contribute to consolidating fraternal ties and cooperation between both nations. […]
Schlumberger signs Iraq Training Agreement
By John Lee. The Arab Institute for Oil and Schlumberger (SLB) have signed a cooperation agreement at the Iraqi Ministry of Oil, focusing on training and development for the sector's workforce. Bassem Mohammed Khudair, the Deputy Minister for Extraction Affairs, stated that this memorandum aligns with the ministry's strategy to enhance technical and engineering skills. […]
Iraqi Cabinet approves Oil & Gas Licensing Round
By John Lee. Iraq's cabinet has approved contracts for the new energy licensing rounds. A statement from the Prime Ministers Office said: "In the oil sector, following the government's strategy to develop oil wealth investment, the Council approved the contracts of the Fifth Supplementary Licensing Round and the Sixth Licensing Round, totaling 14 projects for […]
Iraq Oil Exports Up Again in July
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for July, but has again not disclosed the value of oil exports for the month. This follows an increasing trend of delayed or missing oil export data from the Ministry. Total exports of crude oil: 108,053,356 barrels. Exports from the oil fields […]
Who Is Playing Who In The Great Iraq Carve-Up?
By Simon Watkins for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Who Is Playing Who In The Great Iraq Carve-Up? Last week's announcement that the China Energy Engineering Corporation (CEEC, Energy China) is to work with the French firm TotalEnergies on the […]
Iraq PM meets Tunisian Business Leaders
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, met with a group of Tunisian business leaders and private sector representatives in Tunis on Wednesday. During the meeting, Al-Sudani expressed his gratitude to Tunisia's President and Prime Minister for their warm hospitality, highlighting the deep fraternal ties between the two nations. He noted that the […]
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, […]