EBRD discusses Opportunities with Iraqi Chambers of Commerce
By John Lee. Earlier this week, Mr. Abdul Razzaq Al-Zuhairi, President of the Federation of Iraqi Chambers of Commerce (FICC), received a delegation from the European Bank for Reconstruction and Development (EBRD) at the Federation's headquarters. The delegation was led by Dr. Heike Harmgart, the EBRD's Managing Director for the Middle East, and included His […]
Iraqi PM meets Egyptian Business Delegation
By John Lee. Prime Minister Mohammed Shia Al-Sudani received a delegation comprising businessmen, economists, and representatives from various sectors of the Egyptian private sector on Wednesday. During the meeting, the Prime Minister expressed the government's keenness to strengthen cooperation between Egyptian companies and various investment and industrial sectors in Iraq. He emphasized enhancing partnerships and […]
Accountability for Domestic violence in Iraq
Accountability for Domestic violence in Iraq: Promoting justice and non-discrimination [EN/AR] Ahead of the International Women's Day, the United Nations Assistance Mission for Iraq (UNAMI) and the Office of the United Nations High Commissioner for Human Rights (OHCHR) have jointly released a comprehensive report entitled "Accountability for Domestic violence in Iraq: Promoting justice and non-discrimination." […]
Iraqi Militia Subsidiary signs MoU with Chinese Firm
By John Lee. A subsidiary of the Iran-backed Popular Mobilization Forces (PMF), described as "The General Engineering Company", signed a memorandum of understanding yesterday (Thursday) with the China Machinery Engineering Corporation (CMEC). According to a press release from the PMF, the memorandum covers cooperation in various fields including construction engineering, trade, services, and energy projects, […]
Iraq Plans to Export Oil Derivatives
By John Lee. Iraq's Ministry of Oil has announced plans to increase production capacities of refineries, aiming to improve quality, adhere to environmental standards, and eventually move towards exporting oil derivatives. Currently, production in southern refineries is at 280,000 barrels per day, with the Karbala [Kerbala] refinery contributing 140,000 barrels, according to a report from […]
Iraq Extends Deadlines for Metro Tenders
By John Lee. The National Investment Commission (NIC) has announced an extension of one month for tenders to build two major projects in Iraq. The closing dates for applications for both the Baghdad Metro and the Najaf-Karbala Metro have been extended from 12th March 2024 until 12th April 2024. (Source: NIC)
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th 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 1,719.3 2.4% 10.6% RSISX USD Index 1,690.5 […]
NIC Grants Licence for $2.5bn Gas Project at Nahr Bin Umar
By John Lee. The National Investment Commission (NIC) has signed an investment licence with the Halfaya Gas Company (HGC) for an associated gas project at the Nahr Bin Umar field in Basra province. HGC is a special purpose vehicle owned by RASEP, which is part of the Baghdad-based Raban AI Safina Group of Companies. A […]
Iraq Receives 17 Proposals for Waste-to-Energy Project
By John Lee. The Iraqi National Investment Commission (NIC) has announced that it has received 17 proposals from foreign, Arab, and local companies for a waste management and electricity generation project (waste-to-energy) in Baghdad. This announcement followed a meeting of the commission tasked with assessing the proposals. Dr. Mona Al-Jabri, the commission's renewable energy consultant, […]
Iraqi Investment Chief meets with Qatari Real Estate Company
By John Lee. Dr. Haider Muhammad Makkiya, head of Iraq's National Investment Commission (NIC), has held a meeting with the regional director of Qatari real estate firm Ariane, Ahmed Magdy Al-Kararty. Dr. Makkiya emphasized Iraq's commitment to fostering an attractive investment environment, highlighting strategic projects as crucial for revenue maximization and the enhancement of service […]
Halabja Locals Protest Iraq's Border Fence with Iran
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Halabja locals protest Iraq's border fence with Iran The Iraqi government's decision to close the border with Iran by setting up a fence has sparked protests from locals who fear the decision will negatively […]
Tabaqchali: Markets Continue to Look Through Tensions
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Markets Continue to Look Through Tensions The market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was down 0.6% for the month, […]