Iraqi Imports from Jordan Surge
By John Lee. Jordan's state-run Petra News Agency has said that exports from Jordan to Iraq have surged in 2023. Citing data from the Amman Chamber of Industry (ACI), it says that Jordanian exports to Iraq amounted to JD875 million [$1.2 billion] in 2023, compared to JD714 million in the previous year. This represents an […]
Netherlands allocates EUR 48m for IDPs in Iraq
The Netherlands allocates €48 million to support forcibly displaced people and host communities in Iraq through the PROSPECTS Partnership The Ambassador of the Netherlands in Iraq, Hans Sandee, and the Deputy Special Representative of the Secretary-General and UN Resident and Humanitarian Coordinator for Iraq, Ghulam Isaczai, launched today the new phase of the Netherlands-funded PROSPECTS […]
Iraqi to open Consulate in Munich, Germany
By John Lee. Iraq is to open a Consulate General in Munich, Germany. The Cabinet agreed on Tuesday that the Ministry of Finance will allocate funds for the project. (Source: Media Office of the Prime Minister)
Coordination Meeting on Industrial Strategies in Iraq
By John Lee. Minister of Industry and Minerals, Dr. Khaled Batal Al-Najm, led the fourth coordination meeting on industrial affairs on Thursday, January 4th. The meeting, attended by Dr. Hamoudi Abbas, the Prime Minister's Industry Affairs Advisor, and representatives from various ministries and organizations, discussed key agenda items. The session began with a review of […]
Iraqi Investment Fund is Top Performer
From Asia Frontier Capital: Asia Frontier Capital Limited Announces that its AFC Iraq Fund is the Best-Performing Long-only Unleveraged Actively Managed Generalist Equity Fund in the World in 2023 Asia Frontier Capital Limited is pleased to announce that its AFC Iraq Fund - according to our research - is the best-performing, long-only, unleveraged, actively managed, generalist […]
Iraqi Speaker courts Chinese Investment
By John Lee. In a meeting with the Chinese Ambassador to Iraq, Tsui Wei, and the economic trade advisor Shu Chun, Iraq's Acting Parliament Speaker, Mohsen Al-Mandalawi, discussed bilateral relations and ways to enhance cooperation across various sectors. Al-Mandalawi expressed full parliamentary support for facilitating the operations of reputable Chinese companies within Iraq. He called […]
Contracts Signed to Develop Iraq's Nahr Bin Umar Field
By John Lee. The South Gas Company (SGC) and Halfaya Gas Company (HGC) have signed a contract for the development and processing of gas from the Nahr Bin Umar field, with a capacity of 150 million standard cubic feet per day. Deputy Prime Minister Hayan Abdul Ghani emphasized the project's contribution to the national economy […]
Iraqi PM chairs meeting of Reconstruction and Investment Cmte
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has led the fifth meeting of the High Committee for Reconstruction and Investment, at which several housing projects were approved in various provinces. During the meeting, authorization was granted to the Ministry of Construction, Housing, and Municipalities to negotiate with the executing company for the Housing […]
Tabaqchali: "What Next after a Gangbuster Year ???"
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. "What Next after a Gangbuster Year ???" The market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was up 6.2% and 97.2% […]
Baghdad to Build Six New Bridges
By John Lee. Baghdad Municipality has announced the building of six significant bridges in the capital, after completing the first phase of decongestion projects. Director-General of the Projects Department at the Baghdad Municipality, Qadhan Al-Waeli, told the state-run Iraqi News Agency (INA): "The Projects Department contributes on multiple fronts to alleviate congestion, opening new roads, […]
Iraq Issues $1.5bn Reconstruction Bonds
By John Lee. Iraq's Ministry of Finance announced on Friday the issuance of the third tranche of reconstruction bonds, named "Sukuk Al-Imar," totaling 2 trillion dinars [$1.5 billion]. This issuance is in accordance with Budget Law No. 13 for the fiscal years 2023-2024-2025, covering the period from December 31, 2023, to January 30, 2024. The […]
NIC discusses Proposed Revisions to Iraq's Investment Law
By John Lee. The Chairman of the National Investment Commission (NIC), Dr. Haider Muhammad Makkiya, has chaired a meeting to discuss the proposed amendments to the Investment Law No. (13) of 2006, with the aim of strengthening the economic sector in Iraq. In the presence of the general directors and advisors, he discussed set of […]