Vallourec Wins Iraq Contract with TotalEnergies
By John Lee. French tube maker Vallourec has signed a contract with TotalEnergies for the supply of casing and tubing and associated accessories for the first phase of the Gas Growth Integrated Project (GGIP) in Iraq. The GGIP includes the recovery of gas currently being flared in the Basra region to supply power plants, along […]
Iran's Non-Oil Exports to Iraq Up 30%
From Tasnim, under a Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. A member of the Iran-Iraq Joint Chamber of Commerce said that $6.2 billion worth of non-oil goods were exported from Iran to Iraq in the first eight months of […]
PM Al-Sudani mets World Bank Group President in Davos
By John Lee. On the sidelines of the World Economic Forum (WEF) in Davos, Iraqi Prime Minister Mohammed Shia Al-Sudani met with Mr. Ajay Banga, the President of the World Bank Group. The meeting focused on discussing cooperation between Iraq and the World Bank in various economic sectors, contributing to supporting the government's efforts and […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th January 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 1,563.6 2.9% 0.6% RSISX USD Index 1,537.5 […]
Iraq, KRG "Cancel Meetings" with Iran over Missile Row
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq, KRG leaders cancel meetings with Iran's FM at Davos over missile row Tensions between Baghdad and Tehran have flared since the Monday attack, which Tehran claimed targeted an […]
Iraqi PM meets Regional CEO of JPMorgan
By John Lee. In Davos, Iraqi Prime Minister Mohammed Shia Al-Sudani met with Mr. Khaled Haballah, the Regional CEO of J.P. Morgan (JPMorgan Chase) for the Middle East and North Africa. The meeting focused on exploring cooperation opportunities in financial areas, including opening accounts for Iraqi banks. Discussions also touched upon the potential participation of […]
Iraqi Businessman (UK National) Killed in Erbil Attack
By John Lee. Another prominent Iraqi entrepreneur and investor is reported to have been killed in the recent attack by Iran's Islamic Revolutionary Guard Corps (IRGC) on targets in Erbil. Syriac Press, which covers, "events related to the Syriac-Aramean-Assyrian-Chaldean people [in the region]", said: "Among those killed was Chaldean-Syriac-Assyrian businessman Karam Mikhail. Mikhail was visiting […]
Investment Opportunity in Iraqi Residential Development
By John Lee. Iraq's National Investment Commission (NIC) has announced its first investment opportunity of the year. The project is described as a "horizontal and vertical" residential project on plot number (1/6/m 28) in the Tajiya [Tajiyaat] district. The plot area is 266 dunams (26.6 hectares) and is owned by the former Al-Karama Company (currently […]
IBBC Spring Conference, London, 27 June 2024
From the Iraq Britain Business Council (IBBC): IBBC are holding their flagship conference at London's mansion house this year on 27th June. Iraq is in a dynamic phase, with the economy growing, and a stable, proactive government extending numerous initiatives and development contracts to tender. Come and hear from leading businesses and government officials with access […]
Iraqi PM meets 57 Businesses at meeting in Davos
By John Lee. Prime Minister Mohammed Shia Al-Sudani has attended a working meeting on the sidelines of the Davos Economic Forum in Switzerland, involving the heads and representatives of 57 global companies specializing in energy, oil, gas, and various economic sectors. During the meeting, he discussed the government's plans for development and economic reform, highlighting […]
In Iraqi Kurdistan, Teacher Strikes highlight Schooling Crisis
By Winthrop Rodgers for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. In Iraq's Kurdistan Region, teacher strikes highlight schooling crisis The regional government is three months behind on paying its public servants, including teachers, as part of larger budget disagreements […]
Prominent Iraqi Business Leader Killed in Iran Attack
By John Lee. Local sources in Iraqi Kurdistan have said that one of the region's most prominent business leaders was killed in last night's attack by Iran's Islamic Revolutionary Guard Corps (IRGC) on targets in Erbil. In a statement on X (formerly Twitter), the Kurdistan Democratic Party's (KDP) Foreign Relations Office said: "Initial reports indicate […]