Nissan appoints Official Distributor in Iraq
By John Lee. Japan's Nissan Motor Corporation has appointed Al Sour as its official and registered distributor in Federal Iraq. According to a statement from Nissan, this strategic collaboration will commence with the establishment of several sales, service, and spare parts facilities across key cities, including Baghdad, Najaf, Mosul, and Zakho, as well as other […]
Drone Strike at Iraqi Gas Field Kills Four
By John Lee. A drone attack on Friday evening has killed four workers at Khor Mor gas field in Sulaymaniyah province. Press reports say the dead were Yemeni nationals. Electricity supplies have also been disrupted. A KRG statement said that initial information suggested the attacks come from "a nearby region within Iraq"; KRG Prime Minister […]
Turkish Company to develop Iraqi Agriculture
By John Lee. Turkiye's Tiryaki Agro has signed a goodwill agreement with the Iraq Development Fund to develop Iraqi agriculture. The agreement was signed in Baghdad by Mr. Mohammed Al-Najjar, Director of the Iraq Development Fund, and Mr. Ahmet Tiryakioğlu, Chairman of the Board of Directors of Tiryaki Agro. The ceremony took place with the […]
Improving the Response to Internal Displacement in Iraq
By John Lee. The Danish Refugee Council (DRC) has published a report on how internally displaced persons (IDPs) in Iraq, Syria and Yemen experienced access to services and aid assistance during displacement. It says: "The results validate the call for improved responses, confirming an inconsistent approach in how IDPs have been able to access vital […]
How Halbousi's Ouster is Reshaping Sunni Politics
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How Halbousi's ouster is reshaping Sunni politics in Iraq Longstanding conflicts over Iraq's current legislative agenda have re-emerged amid Sunni division over who will succeed former parliament speaker Mohammed Al-Halbousi (2018-23). The full […]
Iraq in talks with Japan on Project Funding
By John Lee. The Iraqi Ministry of Planning held a meeting with the Japan International Cooperation Agency (JICA) to discuss the possibility of continued loans to fund new development projects in Iraq. These projects cover sectors such as health, electricity, sanitation, and the Basra refinery. Dr. Maher Hamad Johan, the ministry's Undersecretary for Technical Affairs, […]
Fitch Rates Trade Bank of Iraq 'CCC+'
By John Lee. Fitch Ratings has affirmed Trade Bank of Iraq's (TBI) Long-Term Issuer Default Rating (IDR) at 'CCC+', Short-Term IDR at 'C' and Government Support Rating (GSR) at 'ccc+'. Fitch has removed the Stable Outlook on TBI's Long-Term IDR, which was previously published in error. It says the rating reflects, "the absence of any […]
Human Rights situation in Iraq Worsened - US Govt
By John Lee. The US government has said that the human rights situation in Iraq worsened during the year, due to increased federal and Kurdistan Regional Government restrictions on fundamental freedoms and civic space. In a wide-ranging report, the State Department pointed to intermittent attacks by the Islamic State of Iraq and Syria and its […]
ABCC signs MoU with Baghdad Chamber of Commerce
By John Lee. The Arab-British Chamber of Commerce (ABCC) has signed a Memorandum of Understanding with Baghdad Chamber of Commerce with the aim of developing a strong partnership to better serve their respective members. In a statement, they said this new initiative will enable them to be more responsive to meeting the needs of their […]
Iraq and Germany Discuss Development Cooperation
By John Lee. The Iraqi Ministry of Planning held a meeting with the German government to discuss development cooperation across various fields. The meeting, led by Dr. Saher Abdul Kadhim Mahdi, Director General of the International Cooperation Department, included the German Embassy's economic advisor and his delegation. The discussion covered development activities funded by Germany […]
GKP outlines Payments to Govts for 2023
By John Lee. Gulf Keystone Petroleum (GKP) has just published details of its payments to governments for the year 2023: Introduction This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary undertakings ("Gulf Keystone") for the year ended 31 December 2023 as required under Disclosure and […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 25th April 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 1,857.0 5.1% 19.5% RSISX USD Index […]