Turkmenistan and Iraq Agree Gas Deal via Iran
By John Lee. Turkmenistan will supply Iraq with 9 billion cubic meters of natural gas per year for five years, according to a deal agreed in Ashgabat on Wednesday. The gas will be transported via Iran in what state-run Turkmengaz describes as a swap scheme. Iraq's Ministry of Electricity confirms the meeting, but makes no […]
Exploring the Water-Energy-Food nexus in Iraq
By Bassam Yousif (Indiana State University, USA), Omar El-joumayle (Independent Scholar, Norway), and Jehan Baban (Iraqi Environment & Health Society, UK). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Exploring the Water-Energy-Food nexus in context of conflict in Iraq Highlights We explore Water-Energy-Food (WEF) […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th November 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 1,420.6 0.3% 56.1% RSISX USD Index 1,396.8 […]
Oil Output Increases at DNOs Kurdistan Fields
By John Lee. DNO has confirmed that production continues to increase at its fields in Iraqi Kurdistan, with output so far in the fourth quarter averaging double the level of the third quarter. However, the company added that APIKUR members will "not be in a position to produce oil for pipeline exports until it is […]
Oil Production Restarts at Atrush
By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has announced that it restarted operations at its Atrush field in Iraqi Kurdistan this week, selling oil to a local refinery via pipeline. In its statement for the nine months nine months ended 30th September, the company said it remains focused on cost control […]
KRG rolling out "One Window" e-Govt System
By John Lee. The Kurdistan Regional Government (KRG) has said it is rolling out its "One Window" e-government system across all government institutions in the near future. Statement from KRG: The "One-Window" system revolutionises administrative processes for citizens in the Kurdistan Region, making it easier to handle official documents at government offices. This system, currently […]
Iraq Signs Cooperation Agreement to Enhance Civil Aviation
By John Lee. The Prime Minister of Iraq, Mohammed Shiaa Al-Sudani, sponsored the signing of a cooperation and capacity-building agreement between the Iraqi Civil Aviation Authority (ICAA) and the International Civil Aviation Organization (ICAO). The ICAO is a United Nations agency, established to help countries share their skies to their mutual benefit. The ceremony took […]
IBBC visit to Erbil and Baghdad
From the Iraq Britain Business Council (IBBC): Baroness Nicholson of Winterbourn, President of IBBC, and Christophe Michels, IBBC Managing Director, accompanied by Dr. Ali Jawad, IBBC Representative in Kurdistan, and Mohanad Al Khattab, IBBC Baghdad Office Manager, have visited Erbil to meet with KRG Government and IBBC Members. On the morning of the 31 of […]
Iraq to get New $139m Cement Production Line
By John Lee. The Saudi company Northern Region Cement has signed a contract with Germany's KHD to build a cement production line in Iraq. According to a statement to the Saudi Stock Exchange, the new plant will have an annual capacity of 1.32 million tons of cement, and the project should be completed within 16 […]
Central Bank of Iraq Resumes Sale of Gold
By John Lee. The Central Bank of Iraq (CBI) has decided to resume the sale of gold ingots and coins starting on Wednesday, November 8, 2023, using an electronic platform. The bank has confirmed that both government and private banks can apply to purchase gold ingots and coins through a dedicated online platform, emphasizing that […]
Flood Compensation Allocated to Iraqi Provinces
By John Lee. Iraq's Ministry of Finance has initiated the payment of compensation totalling over 175 billion dinars to the Ministry of Agriculture for damages caused by floods and rains in the following provinces: Basra: 32.69 billion dinars Maysan: 7.91 billion dinars Wasit: 12.41 dinars Muthanna: 122.87 dinars The disbursement is based on Cabinet Decision […]
Construction of the Woman Shelter in Diwaniyah
By John Lee. Ahla Al-Jinan Company has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for the "Construction of the Woman Shelter in Diwaniyah Governorate". The contract is valued at $172,225. The potential end date is given as Monday, February 19, 2024. (Source: UN)