Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st March 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 1,695.3 2.5% 9.1% RSISX USD Index 1,666.9 […]
Iraq Explores Military Cooperation with South Korea
By John Lee. South Korea's Defense Minister, Shin Won-sik, held talks in Seoul on Wednesday with Thabet Mohammed Saeed Al-Abbasi [al-Absi], the Iraqi Defense Minister. Minister Suh evaluated that the foundation of defense and defense industry cooperation between Korea and Iraq has been established through military education exchanges, T-50 trainer aircraft exports, and airbase reconstruction […]
DG Inspects Progress at New Diyala Oil Concessions
By John Lee. The Director General of Midland Oil Company emphasized the company's commitment to providing a conducive investment environment for successful global companies in the fifth licensing round for the development of oil and gas fields. During an inspection visit to the Khashim Ahmer-Injana [Khasham Al-Ahmar] and Gilabat-Qumar [Kalabat] fields in Diyala province, Mr. […]
Riad Chehayab joins IBBC Advisory Council
Riad Chehayab (pictured), Director of assurance and consultancy at Serco, has joined the Iraq Britain Business Council (IBBC) advisory council. Riad oversaw running air traffic control for the Iraqi Government in Baghdad for 10 years, and previously ran air operations for Serco Middle East. While in Iraq, Riad acted as an advisor to the Iraq […]
In key Concession to Turkey, Iraq bans PKK
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. In key concession to Turkey, Iraq bans PKK Iraq's government has banned the Kurdistan Workers' Party (PKK) ahead of an expected visit by Turkish President Recep Tayyip Erdogan next month. This comes as […]
Fmr Iraqi Defense Minister "arrested" in Sweden
By John Lee. A former Iraqi Defense Minister has reportedly been arrested in Sweden on suspicion of fraud. Najah al-Shammari (pictured), who served in the government of Prime Minister Adil Abdul-Mahdi from May 2019 to June 2020, is said to have been arrested at Stockholm Airport. Shammari, who holds dual Iraqi-Swedish citizenship, is suspected of […]
US Ambassador wants Strong US-Iraq Strategic Partnership
By John Lee. The US Ambassador to Iraq, Alina L. Romanowski, has expressed a wish for a strong US-Iraq strategic partnership that will benefit all Iraqis. In a statement marking the start of Ramadan, she highlighted: Since 2012, the U.S. Congress has appropriated more than $3.5 billion to build up Iraq's security forces. Over the […]
Iraq has 6 months Wheat Reserves
By John Lee. Iraqi Minister of Trade Atheer Dawood Al-Ghareeri announced in a press statement the attainment of self-sufficiency and the establishment of a strategic wheat reserve sufficient for the next six months, along with preparations to welcome a promising agricultural marketing season. Al-Ghareeri stated, "The Ministry of Trade's warehouses are filled with over two […]
IAEA to Support Iraq's Nuclear Science Ambitions
By John Lee. The International Atomic Energy Agency (IAEA) has said it is increasing its cooperation and collaboration with Iraq on nuclear science and technology. As part of its Rays of Hope programme, it said it will give more support, equipment, training and capacity building to Iraqis to improve cancer outcomes. Full statement from IAEA: […]
Iraq to adjust for Oil Over-Production
By John Lee. The Iraqi Ministry of Oil has reiterated its commitment to voluntary production cuts in support of initiatives by OPEC+ member states to maintain stability and balance in the oil market. Despite reports of regional production outside of coordination and agreement with the federal government, the Ministry says it has taken proactive measures […]
"Urgent Need" for New Hotels in Baghdad - PM
By John Lee. Prime Minister Mohammed Shia Al-Sudani has conducted a field visit to the Rixos and Mövenpick hotel projects, both under construction in the heart of Baghdad. He received a detailed presentation on the progress of the execution of both projects and inspected the stages of completion. Al-Sudani emphasized the urgent need for large […]
SalamAir Opens New Office in Baghdad
By John Lee. Oman-based low-cost airline SalamAir has opened a new office in Baghdad. His Excellency Hamed Ahmed Eidroos, Ambassador of Oman in Iraq, attended the event at the Al Asal Building, 14th Ramadan St. Al Mansour district, and highlighted the historic significance of SalamAir's arrival in Baghdad. After a 20-year hiatus in direct flights […]