Lively debate at IBBC's well attended Cumberland Lodge retreat
From the Iraq Britain Business Council (IBBC): Lively debate at IBBC's well attended Cumberland Lodge retreat IBBC held its 11th Cumberland lodge retreat sessions on 25th -27th September, with 70 members and guests from Iraq and the UK. The sessions offered members access to experts, observers and officials from Iraq, the UK, and the Middle East, in open […]
Video: Iraq's Water Wars - Part 2
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Water Wars - Part 2 Part 2 of a People & Power investigation into Iraq's intensifying water crisis and how it's impacting rural communities: Click here to view.
KRG Launches Loan Scheme for Small Businesses
By John Lee. The Kurdistan Regional Government (KRG)'s Prime Minister, Masrour Barzani, has launched a new initiative that will provide commercial loans through private banks to small and medium-sized businesses (SMEs) looking to expand. Full statement from KRG: On Monday, September 25, 2023, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) unveiled Project […]
Basra Gas Company Achieves Record Export of Condensates
By John Lee. Iraq's Basra Gas Company (BGC) has exported a record shipment of 25,000 tons of condensates, the largest shipment ever exported by the company. Andrew Weir, CEO of BGC, said the shipment was a "major achievement that will boost export rates and enhance Iraq's financial revenues." "Iraq has the potential to be a […]
Video: Iraq's Water Wars - Part 1
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Water Wars - Part 1 People & Power investigates Iraq's intensifying water crisis and how it is impacting the country's rural communities: Click here to view.
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th September 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 1,413.7 0.01% 55.3% RSISX USD Index 1,390.0 […]
Iraqi Cabinet Allocates Funds for Key Oil Infrastructure Projects
By John Lee. In its 39th regular session, chaired by Prime Minister Mohammed Shia Al-Sudani, the Iraqi Cabinet made important decisions concerning the oil sector and infrastructure development for exports: The Ministry of Finance will allocate the total cost of IQD 1,265,444,000,000 [$967 million] for the construction of offshore pipelines (4 and 5) and a […]
New Oil Tanker joins Iraqi Fleet
By John Lee. Iraq's Oil Minister, Hayan Abdul Ghani, has participated in the inauguration of the new oil tanker "Sumer" at Khor al-Zubair port in Basra. Abdul Ghani stressed the ministry's keenness to build a new oil tanker fleet through contracts with reputable international companies to build modern tankers of different capacities. The "Sumer" tanker […]
Iraqi PM addresses UN General Assembly
By John Lee. The Iraqi Prime Minister addressed the United Nations General Assembly earlier this week, addressing issues including elections, corruption and climate change. Statement from the UN: MOHAMMED SHIA' AL SUDANI, Prime Minister of Iraq, said that his country has always believed in the principles the UN was founded upon. The spirit of consensus […]
KRG commits to Building More Ponds
By John Lee. The Kurdistan Regional Government (KRG) has said it is placing a strong emphasis on the construction of water ponds as part of its strategic efforts to increase surface water resources and protect vital underground water sources. Under the leadership of the KRG's Ninth Cabinet, 110 ponds have already been created, serving a […]
PM says 'Solution is in Baghdad' to issues with KRG
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Al-Monitor/Semafor summit: Iraq's Sudani says 'solution is in Baghdad' to issues with KRG The prime minister also pleaded for more US investment in Iraq's energy sector amid the oil […]
Ethnic Tension in Kirkuk signals Fractures in Ankara-Erbil Relations
By Bekir Aydoğan 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. Ethnic Tension in Kirkuk Signals Fractures in Ankara-Erbil Relations Longstanding tensions in the multi-ethnic city of Kirkuk in Iraq may once again spark confrontations between […]