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. […]
UK Firm brings Air Quality Monitoring to Iraq
By John Lee. UK-based air quality expert EarthSense has announced a distribution agreement with Enviro Solutions and Technologies Company (EnviroSOLTECH), a specialist environmental monitoring company based in Najaf, Iraq. According to a statement from EarthSense, the partnership will enable EnviroSOLTECH to enhance its air quality monitoring and consultancy services for government departments and local authorities, […]
Foreign Companies to Manage Iraqi Hospitals
By John Lee. A Turkish company is reported to have won a contract to manage Maysan Hospital. The company was not named, but Health Minister Saleh al-Hasnawi told state-run Iraqi News Agency (INA) that an additional three companies will be contracted with to manage other hospitals across the country. He added that the Ministry of […]
Tetra Pak helps Increase Food Production in Baghdad
By John Lee. Tetra Pak, Saudi Arabia's Al Rabie, and Iraqi-based Alssad company for Food have joined forces at Gulfood 2024 to create a strategic partnership that will produce 50 million packaged beverages annually, that aims to address food security concerns in Iraq. According to a LinkedIn post from Tetra Pak, to meet the growing […]
Jiyad: Båtservice Dubious Contract with IOTC Revisited
By Ahmed Mousa Jiyad (and amended by IBN). Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Båtservice Dubious Contract with IOTC Revisited The Iraqi Oil Tanker Company (IOTC), an affiliate of the Ministry of Oil (MoO), had previously contracted, in 2020, with the Norwegian […]
Iraq sees "Significant Increase" in Port Traffic
By John Lee. The Director General of the General Company for Iraqi Ports (GCIP) has announced that the revenue at commercial and oil ports exceeded 74.5 billion Iraqi dinars in January, which he said was a "significant increase" compared to the same month last year; he did not specify the size of the increase. Dr. […]
Iraqi PM discusses Russian Investment
By John Lee. On Wednesday, Iraqi Prime Minister Mohammed Shiaa Al-Sudani received the Chairman of the Russian Union of Manufacturers and Businessmen and the founder of Lukoil, Mr. Vagit Alekperov, along with his accompanying delegation. During the meeting, discussions were held regarding Russian companies operating in Iraq, in light of the visit made by the […]
Visa-Free Entry to Iraqi Kurdistan for Citizens of 53 Nations
In a recent move by the Kurdistan Regional Government's Ministry of Interior, citizens from 53 countries have been granted the ability to enter the Kurdistan Region without a pre-arranged visa. Under this new policy, eligible travellers simply need to present their passports at any border entry point, where they will be issued an electronic visa, […]
Nebras Petrochemicals Project: "Door Open" for Int'l Companies
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a meeting Sunday evening to discuss the completion of the Nebras Petrochemicals Project, which has been pending since 2015, and is one of the priorities of the economic reform that the government is focusing on. During the meeting, the appointment of a consulting entity for the […]
Iraq, Netherlands to set up Cooperation Council
By John Lee. Iraq and the Netherlands have agreed to set up what they describe as a "comprehensive bilateral cooperation council." The announcement follows talks last week between Prime Minister Mohammed Shiaa Al-Sudani and his Dutch counterpart, Mark Rutte. A statement from the Prime Minister's office said that the new council will branch out into […]
ITC hosts Iraq National Trade Forum
By John Lee. With support from the government of Iraq, the International Trade Centre (ITC), a joint agency of the United Nations (UN) and the World Trade Organization (WTO), organized a two-day trade forum to help Iraqi businesses to identify and develop trade opportunities. The Forum was funded by the European Union (EU). According to […]