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 […]
Iraqi to Extend Controversial Airport Security Contract
By John Lee. The Iraqi Cabinet has endorsed recommendations from a meeting aimed at "unifying security measures" at Baghdad International Airport (BIAP). According to a statement from the Media Office of the Iraqi Prime Minister, the decisions are as follows: The Iraqi Civil Aviation Authority (ICAA) will settle its dues to the Canadian company Biznis […]
Iraqi PM meets with Putin in Moscow
By John Lee. Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, arrived in Moscow on Tuesday for a meeting with the President of the Russian Federation, Vladimir Putin, as part of his official visit to the country. According to a statement from the Media Office of the Iraqi Prime Minister, the meeting included discussion of the development […]
UN Envoy highlights Promising Initiatives in Iraq
The Government of Iraq has made "several important steps and promising initiatives" one year since its formation, but more efforts are required to address the populations needs, the Head of the UN Mission in the country, UNAMI, told the Security Council on Tuesday. Presenting the Mission's latest report, UN Special Representative Jeanine Hennis-Plasschaert updated ambassadors […]