Iraq Cuts Customs Duties on Live Animals
By John Lee. The Ministerial Council for the Economy, chaired by Minister of Foreign Affairs Fouad Hussein, has approved a request from the Ministry of Agriculture to reduce customs duties on live animals imported for slaughtering and breeding purposes. According to the state-run Iraqi News Agency (INA), the decision was taken due to the high […]
Hanwha to Resume Work on Bismaya Residential City
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani presided over the signing of a memorandum of understanding between the National Investment Commission (NIC) and South Korea's Hanwha to resume work on Bismayah City residential development. The visit on Monday morning included a meeting with residents, where their feedback on provided services was heard, prompting directives […]
Germany, UNOPS Rehabilitate Iraqi Infrastructure
The KfW Development Bank and UNOPS signed a new agreement to support the conflict-affected communities and to enhance their access to basic public services in Anbar and Sinjar, Iraq. With the support from the Federal Republic of Germany, through KfW Development Bank, UNOPS will rehabilitate war-damaged shelters and basic community infrastructure such as water and […]
Meeting to Enhance Operations of Iraqi Airways
By John Lee. Iraqi Prime Minister Mohammed Shiaa Al-Sudani chaired a meeting on Monday focused on reviewing and improving the performance of Iraqi Airways. Discussions included aircraft maintenance and repair, with directives to finalize repairs by the end of the year. Additionally, plans to increase and train airline crews were addressed to elevate service standards. […]
Iraq Reopens al-Shamal Refinery after a Decade of Inactivity
By John Lee. On Friday, Prime Minister Mohammed Shiaa Al-Sudani reopened the al-Shamal refinery at the Baiji Refinery complex. The plant has been rehabilitated by the Northern Refineries Company (NRC), having been inactive for more than ten years. The Prime Minister said the opening brings Iraq closer to fully securing the country's needs for petroleum […]
Strategic Communications Firms to support Iraqi Embassy in US
By John Lee. Valcour LLC, described as "a global public strategy firm specializing in government relations and strategic communications," has won a contract to support the Iraqi Embassy in the United States. In a statement made pursuant to the US's Foreign Agents Registration Act (FARA), the company said it and its owner and controller, Matthew […]
IDC Completes New Oil Well at East Baghdad Field
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of the oil well EBS-68 as part of the contract with the Chinese company Zhenhua to drill 27 oil wells at the East Baghdad field, in collaboration with China Oilfield Services Limited (COSL), a division of the China National Offshore Oil Corporation […]
Visa supporting Iraqi Govt's Plans for Electronic Payment
By John Lee. Iraqi Prime Minister Mohammed Shiaa Al-Sudani received Mr. Andrew Torre, the Regional President of Visa for Central and Eastern Europe, the Middle East, and Africa, along with his accompanying delegation on Thursday. The Prime Minister emphasized that economic and banking reform is among the government's top priorities, welcoming cooperation in this field. […]
KRG Hires Consultant in Washington
By John Lee. The American Kurdish Committee, Inc. (AKC), and its President, Abdulmajeed Abdulmajeed, have been engaged to provide services to the Kurdistan Regional Government (KRG) in the United States. According to a statement made pursuant to the US's Foreign Agents Registration Act (FARA): "Mr. Abdulmajeed will engage in activities to raise awareness of the […]
Iraq's US Embassy hires Squire Patton Boggs
By John Lee. Washington DC-based lobbying and legal services firm Squire Patton Boggs has reported that it, and partner Edward J. Newberry, will perform work on behalf of the Iraqi Embassy in the United States. In a statement made pursuant to the US's Foreign Agents Registration Act (FARA), the company said it may: " ... […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd February 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 1,667.4 1.5% 7.3% RSISX USD Index 1,639.5 […]
Agritech Cmte promises to Improve Iraqi Agriculture
By Padraig O'Hannelly. A major new initiative to improve agriculture in Iraq has been launched by the Iraq Britain Business Council (IBBC). Chaired by Dr Amet Selman, founder of AAA Holding Group, IBBC's Agritech Committee gathers interested IBBC Members and external experts to draw up a plan to dramatically improve agricultural practices throughout the country. […]