UK Advises Against Travel to Iraq
From the United Kingdom's Foreign, Commonwealth & Development Office (FCDO): The Foreign, Commonwealth & Development Office (FCDO) advises against all travel to all provinces of Iraq except the Kurdistan Region of Iraq, and against all but essential travel to the Kurdistan Region of Iraq. Protests regularly take place in and around the International Zone in […]
Iraq Resumes Direct Flights to Germany and Denmark
By John Lee. The Iraqi Ministry of Transport has announced the resumption of direct flights between Iraq and Germany and Denmark. According to a statement from the Ministry's media office, Minister Razak Mahjoub Al-Saadi conducted several high-level meetings with European officials, where the possibility of direct flights between Baghdad and various European capitals and cities […]
National Bank of Iraq (NBI) joins MyAccount Initiative
The KRG announced that the National Bank of Iraq (NBI) has formally joined the 'My Account' financial inclusion initiative, bringing the number of participating banks to five: Ashur, BBAC, Cihan, NBI, and RT. This is part of efforts to provide beneficiaries with more banking choices, products, and services and foster healthy competition in the financial […]
Climate Change, Filthy Water drive Disease in Iraq
By Hayder Indhar with Laure Al-Khoury, for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Climate change and filthy water drive disease in Iraq Dirty and unsafe water is a prime health threat in Iraq, one of the five countries worst […]
Pro-Hamas Protests Disrupt Iraqi Oil Exports to Jordan
By John Lee. Jordan's Ministry of Energy and Mineral Resources has said that a number of tankers carrying crude oil from Iraq to Jordan have returned before entering Jordan due to protests at the Terbil [Trebel] border crossing. It said this decision was made to ensure the safety of drivers and the tankers. It added […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th October 2023). 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 1,383.6 -3.6% 52.0% RSISX USD Index 1,360.5 […]
Investment Project for Nahr Ben Umar Gas Field in Iraq
By John Lee. Iraq's Oil Minister, Hayan Abdul Ghani, has unveiled the draft of an investment project for the Nahr Bin Umar gas field in Basra Province. The project will be submitted for approval to the Ministerial Energy Council and later to the Cabinet. This announcement came during a meeting of the advisory body to […]
Iraq Finalises Oil Export Data for September
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for September: Total exports of crude oil: 103,143,199 barrels. Revenues from crude oil exports: $9.422 billion, the highest since August 2022. Oil fields in central and southern Iraq accounted for 102,220,441 barrels of crude oil exports. Exports from Kirkuk through the port of […]
Iraq to Contract for Smart Electricity Meters
By John Lee. The Iraqi Cabinet has approved a recommendation1 of the Energy Council, to allow the Ministry of Electricity to invite specialized companies to implement a Smart Metering System in the country. According to the statement from the Media Office of the Prime Minister, the process is also exempt them from the usual instructions […]
Iraq to Open Commercial Office in Saudi Arabia
By John Lee. The Iraqi Cabinet has approved the opening of an Iraqi commercial office in Saudi Arabia's Arar region. The office is intended to enhance trade between the two countries, based on the provisions of Article 26 of the Foreign Service Law (Law No. 45 of 2008). (Source: Media Office of the Prime Minister)
Inaugural Meeting of Iraq Development Fund
By John Lee. Iraq's Prime Minister, Mr. Mohamed Shiaa Al-Sudani, presided over the first meeting of the Iraq Development Fund Council, of which he is the chairman. The formation of this council was approved in the recent Cabinet session. During the meeting, topics on the agenda were discussed, including the selection of the fund's executive […]
Iraq Launches First "Carbon Bond"-Funded Project
By John Lee. Iraq's Oil Minister, Hayan Abdul Ghani, has announced the launch of the country's first project funded by carbon bonds. The announcement was made during a workshop titled "Carbon Bonds," organized by the Ministry of Oil's Training and Development Department to discuss the ministry's vision and plans for carbon reduction. According to a […]