Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 19th 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 1,435.2 3.6% 57.7% RSISX USD Index 1,411.2 […]
Iraq Grants 5G Mobile Licence
By John Lee. The Prime Minister, Mr. Mohammed Shiaa Al-Sudani, presided over the forty-second regular session of the Cabinet on Tuesday. At the meeting, the Cabinet agreed that the Communications and Media Commission (CMC) will grant an exclusive three-year national license for 5G mobile technology to the Al-Salam State Company, a subsidiary of the Ministry […]
KRG PM meets Kurdistan Region Investors
On the 17th of October 2023, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) convened a meeting with a group of investors from the Kurdistan Region. Prime Minister Barzani underscored the KRG's steadfast commitment to advancing the investment sector. He highlighted the cabinet's ongoing efforts to facilitate projects for both local and foreign […]
Dutch Horticultural Mission visits Iraqi Kurdistan
By John Lee. From September 17 to 21, 2023, Veteffect, RVO and the Dutch Consulate General-agricultural team organized a Horticultural Orientation Mission to the Kurdistan region of Iraq (KRI). Because of urbanization and climate change, protected horticulture offers attractive opportunities for business, food security and jobs in KRI. According to a statement just issued from […]
Addressing Iraq's Environmental Challenges: Population Growth
By Khaled Sulaiman for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Addressing Iraq's Environmental Challenges: Population Growth Solving Iraq's demographic crisis will require immediate and comprehensive action at both the state and individual level. Without these […]
New Alliance of Entrepreneurship-Focused Institutions in Iraq
The Iraqi Riyada Network for Access, Development, and Advancement (IRADA Network) was launched recently in Baghdad. It is the creation of a consortium of prominent institutions specializing in business development and entrepreneurship, including the RWANGA Foundation in Iraqi Kurdistan, Qaf Lab in Mosul, and Tafa3ul Hub from Basra. Institutions From Baghdad include Computiq, The Station, […]
Progress on Customs Automation in Iraq
By John Lee. Prime Minister Mohammed Shia Al-Sudani has presided over a meeting to monitor the progress of customs automation and network integration. The meeting included representatives from the United Nations Conference on Trade and Development (UNCTAD). During the meeting, detailed reports on the first phase of implementing the global system for customs automation and […]
New Bank joins KRG's MyAccount Initiative
By John Lee. The Kurdistan Regional Government (KRG) has announced that BBAC Bank has joined the 'My Account' financial inclusion initiative, increasing the total number of participating banks to four: Ashur, BBAC, Cihan, and Region Trade Bank (RTB). It said this is part of ongoing efforts to expand the initiative and provide citizens with more […]
Coded Militia Language Aims to Signal Escalation
By Hamdi Malik, Crispin Smith and Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Coded Militia Language Aims to Signal Escalation The Iraqi "resistance" is using language that previously presaged attacks on U.S. targets, […]
Iraq to charge Customs Duties/Taxes "Exclusively in Iraqi Dinars"
By John Lee. The Kurdistan Regional Government (KRG) has said that customs duties and taxes at border crossings will now be levied exclusively in Iraqi dinars instead of US dollars. Full statement from the KRG: According to Decree No. 227 of the Council of Ministers, dated September 20, 2023, customs duties and taxes at border […]
UAE's Crescent Petroleum starts Iraq Gas Development Projects
By John Lee. Iraq's Oil Minister has 'activated' three contracts with UAE-based Crescent Petroleum, as part of Iraq's fifth licensing round. The contracts are aimed at harnessing 400 million standard cubic feet of gas per day, within one and a half years, from the following development blocks: Gilabat-Qumar [Kalabat], in Diyala Khashim Ahmer-Injana [Khasham Al-Ahmar], […]
US Fast Food Restaurant Opens in Baghdad
By John Lee. US-based FAT (Fresh. Authentic. Tasty.) Brands Inc. has announced the opening of its first Johnny Rockets fast-food restaurant in Iraq. The new site is located in the Alyarmouk [Yarmouk] neighborhood Baghdad, and is operated by Alanwar Alarabiya. The first Johnny Rockets restaurant opened in 1986 in Los Angeles, and the chain now […]