Will Iraqi Kurdistan's rail ambitions lead anywhere?
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will Iraqi Kurdistan's rail ambitions lead anywhere? The Kurdistan Regional Government (KRG) is reviving longstanding efforts to build a railway that would connect neighboring Iran and Turkey through territory it controls. The development follows […]
Iraqi Oil Minister meets with Gazprom Officials in Russia
By John Lee. During his official visit to the Russian Federation, Deputy Prime Minister for Energy and Oil Minister, Hayan Abdul Ghani, met with Alexander Dyukov, Chairman of Gazprom Neft's Board of Directors, along with other company officials. The Russian Ambassador to Iraq, Elbrus Kutrashev, also attended the meeting. The discussions primarily revolved around bilateral […]
Dhi Qar Oil Company Embraces Renewable Energy
By John Lee. The Director General of Dhi Qar Oil Company (DQOC), Ali Khudair Abbas, has unveiled the company's plans to transition to solar energy systems for supplying electricity to oil fields, facilities, and its departments. He said that this move aligns with the directives of the Minister of Oil to adopt renewable energy for […]
Erbil Asphalt Recycling Project
By John Lee. A factory in Erbil is recycling road materials, specifically asphalt, to reuse them for road maintenance and construction, according to a statement from the Kurdistan Regional Government (KRG). It says this project, run by public sector employees, is one of the most modern asphalt recycling facilities, with a daily production capacity of […]
Iraq Restricts Imports of Juices, Beverages, and Cakes
By John Lee. In an effort to support local production, the Iraqi Cabinet has approved a recommendation from the Ministerial Economic Council (Resolution No. 230226/Q) aimed at restricting the import of juices, beverages, and cakes. The decision entails: The removal of juices, beverages, pastries, and cakes of all kinds from the import lists. A review […]
More Flights between Lebanon and Iraq
By John Lee. An executive memorandum has been signed between the Lebanese Directorate General of Civil Aviation and the Iraqi Civil Aviation Authority (ICAA) to operate 45 weekly flights between Lebanon and Iraq. Lebanon's Minister for Transport, Ali Hamie, said the agreement was a milestone in enhancing cooperation between the two countries. (Source: @alihamie_lb)
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th 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 1,385.8 -2.7% 52.2% RSISX USD Index 1,362.6 […]
Iraqi Cabinet approves $203m for Power Generation Projects
By John Lee. The Iraqi Cabinet has approved the recommendation from the Ministerial Energy Council (Resolution No. 23089 for 2023), allocating $202,576,000 from the Ministry of Finance to the Ministry of Electricity for the purpose of rehabilitating Units 2 and 3 at the Hartha Thermal Station (pictured) and the rehabilitation of the Doura Gas Station. […]
Saudi-Iraqi Electricity Interconnector Opened
By John Lee. The Governor of Saudi Arabia's Eastern Province, Prince Saud bin Nayef bin Abdulaziz, has inaugurated the electricity interconnection project between Saudi Arabia and Iraq in the city of Dammam on Tuesday. His Highness confirmed that the electrical interconnection project between the countries of the Gulf Cooperation Council (GCC) aims to preserve energy […]
Iraq Affirms Commitment to Gas Projects and Expansion
By John Lee. The Iraqi Ministry of Oil reiterated its commitment to executing strategic gas development and investment projects. During a leadership meeting on gas projects held on Sunday at the ministry's headquarters, Deputy Minister for Gas Affairs, Azat Saber, emphasized the importance of accelerating new projects through national efforts and international collaboration, particularly in […]
Iraqi SMEs visit UK Exhibitions with IBBC
From the Iraq Britain Business Council (IBBC): Iraq SMEs visit construction and brand licensing exhibitions with IBBC in London IBBC regularly brings over 200 Iraqi SMEs to the UK to engage with various sector exhibitions and conferences. This week, 35 Iraqi SMEs travelled to both the Construction Week and Brand licensing shows at the Excel […]
Iraqi e-Commerce Venture Orisdi secures Six-Figure Investment
By John Lee. The Iraqi, vertically integrated, e-commerce store Orisdi has successfully concluded a six-figure bridge round of investment. The company said in a press release that the funding was arranged in August, and included both new investors and existing shareholders, such as Al Sharqiya TV Group, Amar Shubar, Ahmed Sultani, Naveed Pasha, Hassan Al […]