Work Starts at 30,000-Home Development near Baghdad
By John Lee. Prime Minister Mohammed Shia Al-Sudani has laid the foundation stone for the Al-Jawahiri Residential City project in Abu Ghraib, west of Baghdad. The project is one of the five new cities unveiled as part of the government's strategy to tackle the housing crisis and alleviate congestion in major urban centers. According to […]
Full Results of Iraq's Local Elections
By John Lee. Iraq's Independent High Electoral Commission (IHEC) has announced the results of the local elections held in Iraq on December 18th: Voter turnout: 41%, higher than the 2021 parliamentary elections despite a boycott by influential cleric Muqtada al-Sadr. Shia dominance: The Shia Coordination Framework (CF), an alliance of Iran-aligned groups, emerged as the […]
Lockheed Martin continues support for Iraqi C-130J Aircraft
By John Lee. US-based Lockheed Martin Aeronautics has been awarded a $13,541,434 definitization modification (PZ0001) to previously awarded contract FA8553-23-F-0007 for C-130J contract logistic support. The contract modification definitizes prices for contractor sustainment support services to include technical assistance, logistics support, aircraft maintenance support, repair and procurement of C-130J spares, repair and procurement of C-130J […]
Spanish Companies meet with Iraqi PM
By John Lee. In a meeting attended by the Spanish Prime Minister Pedro Sanchez, Iraqi Prime Minister Mohammed Shiaa Al-Sudani met with representatives from Spanish businesses and Iraqi entrepreneurs. The Spanish companies attending the meeting were: Andra Consultrans Group: A Madrid-based, "engineering, architectural, strategic consultancy and information and technology projects for the transport sector, both […]
Saudi Elevator company signs agency agreement in Iraq
By John Lee. Saudi Arabia's Gulf Elevators and Escalators Co. (GEEC), a subsidiary of Mayar Holding, has signed an exclusive agency agreement with Midpoint Trading and Agencies Ltd. in Iraq. According to a statement from Mayar, under the three-year agreement, Midpoint Trading and Agencies will exclusively market, sell, install, and maintain Gulf Elevators' elevator and […]
Iraqi Stock Market nearly Doubles in 2023
The Rabee Securities Iraq Stock Exchange (ISX) index has closed the year up more than 97 percent in USD terms. According to date from Rabee Securities, the biggest winner was Al-Ameen Estate Investments, which gained more than 500 percent, while the biggest loser was National Islamic Bank, which more than halved in value: RSISX Index […]
Iraq and Iran Strengthen Cooperation on Oil Industry
By John Lee. The Iraqi and Iranian ministers of oil have agreed to establish committees to expand cooperation, including committees for the development of shared border fields, investment in gas and petrochemical industries, and renewable energy. Other committees will focus on the qualification and development of refineries, joint training, and collaborative efforts in oil marketing, […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th December 2023). Note: ISX will be closed on December 31, 2023 and January 1, 2024 due to the end-of-year closing operations. The next trading session will be held on Jan. 2, 2024. Please click here to view a table of listed companies […]
Family Rule in Iraq - the Challenge to State and Democracy
By Sardar Aziz and Bilal Wahab for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Family Rule in Iraq and the Challenge to State and Democracy A handful of personalities have consumed all the country's political oxygen, […]
WHO tackles Low Immunization Challenges in Iraq
Iraq has seen routine immunization coverage fluctuate in 2023, and there has also been a very low uptake of COVID-19 vaccination. To assess the immunization landscape in Iraq, the WHO Country Office in Iraq ran a 4-day Expanded Programme on Immunization (EPI) bottleneck analysis workshop. The workshop sought to explore how well immunization targets had […]
Tragedies Born of Negligence in Iraq
From Human Rights Watch (HRW). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Tragedies Born of Negligence in Iraq More enforcement of safety regulations needed. Click here to read the full article.
Go-Ahead for Residential Project in Diwaniyah
By John Lee. The Iraqi Cabinet has endorsed the Central Review and Approval Committee's recommendation to proceed with the referral and appeal process for the Daghara Residential Project in Diwaniyah Province. According to a statement from the Prime Minister's office, the companies involved are Al-Ansab General Contracting Company and Al-Ansab Towers General Contracting Company. It […]