Tehran, Baghdad hold talks on Energy Cooperation
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. Iran's oil minister and the electricity minister of Iraq emphasized the need for enhancing bilateral ties in the field of energy. Iraq's visiting Minister of Energy Ziad Ali Fazel […]
210 Companies take part in Erbil Trade Fair
By John Lee. According to a statement from the KRG, on the third day of the 5th International Trade Fair for Industry and Construction in Erbil, business opportunities are flourishing. It says a total of 210 companies, from 10 different countries, are actively participating in the fair, with 38 of them being Kurdish and Iraqi […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th 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 1,502.9 5.8% 65.1% RSISX USD Index 1,477.8 […]
Court Ousts Speaker as Sadr Signals Return to Politics
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi top court ousts parliament speaker as Sadr signals return to politics Iraq's Federal Supreme Court has ruled to end the speakership of top Sunni politician Mohammed Al-Halbousi. The prominent lawmaker has slammed […]
Resignations at Iraq's Parliament after Court Ousts Halbousi
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Resignations at Iraq's parliament after supreme court ends Halbusi's term The powerful Sunni politician has been mired in controversy amid political tensions in Iraq. Click here to read the […]
EBRD welcomes Iraq as its latest member
By John Lee. Iraq has become the latest member of the European Bank for Reconstruction and Development (EBRD). The bank recently approved amendments to its statutes to enable the limited and incremental expansion of its operations to Iraq. Full statement from EBRD: Iraq has become the latest member of the European Bank for Reconstruction and […]
US Renews Iran-Iraq Energy Waiver
By John Lee. The United States has reportedly issued a new waiver allowing Iraq to pay Iran for electricity. According to Reuters, the waiver lasts for 120 days. While not directly confirming the waiver, US State Department spokesperson Matthew Miller told a press briefing on Tuesday: "So I don't have a comment to give on […]
Iraq to Waive Port Fees for Refinery Project
By John Lee. The Iraqi Cabinet has endorsed a recommendation for financing the Fluid Catalytic Cracking (FCC) project, which it says is contracted by the South Refineries Company (SRC) with a Japanese company. Iraq Business News understands this to be the Basra Refinery Development Project, which is to be built by Japan's JGC Corporation. The […]
Iraqi PM Orders Reform of Banking Sector
By John Lee. Iraqi Prime Minister, Mohammed Shia al-Sudani, led a meeting on Tuesday to monitor the progress of banking reforms. The session, attended by the Finance Minister, Governor of the Central Bank of Iraq (CBI), and directors of government banks, focused on administrative and banking reforms initiated by the government as part of comprehensive […]
Erbil to Plant a Million Oak Trees
By John Lee. Erbil plans to plant one million oak trees within the next five years, according to a statement from the Kurdistan Regional Government (KRG), which adds that 300,000 of these trees are already planted. The project from the Ministry of Municipalities and Tourism is intended to enhance the greenery along the 120 Metre […]
Saudi Football 'Charm Offensive' arrives in Iraq
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Saudi football 'charm offensive' arrives in Iraq In front of a raucous crowd in Erbil, underdog Iraqi club Al-Quwa Al-Jawiya has soundly defeated visiting Saudi side Al-Ittihad. The Nov. 6 game, an Asian Football […]
Genel Energy Q3 Results
Genel Energy plc Trading and operations update Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update in respect of the third quarter and first nine months of 2023. Paul Weir, Chief Executive of Genel, said: "Despite encouraging comments from senior politicians, the Iraq-Türkiye pipeline remains shut. Good progress has been […]