Iraqi Ministry of Electricity and Linxon Discuss Opportunities

By John Lee. In a meeting on Wednesday, Iraq's Minister of Electricity, Engineer Ziad Ali Fadel, met with the CEO of "Hitachi Linxon International" (sic) and accompanying delegation to discuss the synchronization of various projects completed by the Ministry in multiple provinces through their collaborative partnership. Minister Fadel emphasized the importance of collaborations and agreements […]

IOCs in Iraqi Kurdistan insist on Visibility on Payments

By John Lee. An industry group representing international oil companies (IOCs) in Iraqi Kurdistan has said that, even if the Iraq-Turkey Pipeline (ITP) is reopened, its members will not produce oil until it is clear how they will be paid. While welcoming recent discussions between Iraq and Turkey on the possible reopening of the line, […]

Shanghai Electric eyes further Projects in Iraq

By John Lee. Ministry's Deputy for Transport and Distribution Meets Shanghai Corporation, Highlights Successful Collaboration and Government Programs The Deputy Minister for Transport and Distribution, Nizar Qahtan Al-Tamimi, representating Minister of Electricity Ziad Ali Fadel, led a meeting this week with Shanghai Electric. The meeting aimed to further strengthen strategic partnerships, aligning with government programs […]

Successful Conclusion of Recovery Programme in Western Ninewa

UN-Habitat Iraq Marks Successful Conclusion of EU-funded "Support for Urban Recovery and Peacebuilding in Western Ninewa" Programme The UN-Habitat Iraq Programme "Support for Urban Recovery and Peacebuilding in Western Ninewa" proudly convened its final Steering Committee Meeting, held recently in Erbil. This initiative, funded by the European Union through the EU Regional Trust Fund in […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 31st August 2023). Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed on Sep. 6 (Wednesday) and on Sep. 7 (Thursday) due to the religious holiday of Arbaeen. The next trading session […]

Iraqi Govt discusses Civil Nuclear Energy Plan

By John Lee. Prime Minister Mohammed Shia Al-Sudani, who also serves as the Commander-in-Chief of the Armed Forces, led a meeting of the National Security Council on Wednesday. The meeting was attended by council members and focused on the latest security developments and crucial challenges, along with strategies to counter them. The council also hosted […]

Shares in GKP Fall on Going Concern Worries

By John Lee. Shares in Gulf Keystone Petroleum (GKP), which operates oilfields in Iraqi Kurdistan, were trading down 7 percent at lunchtime on Thursday, after the company announced a "material uncertainty" regarding its continuation as a going concern. In its results for the half year ended 30 June 2023, the company said: "Nonetheless, given the […]

Iraq to buy Radar Systems from Thales

By John Lee. The Iraqi Cabinet has granted approval for the Ministry of Defense to contract with the French company Thales to acquire radar systems. The objective of this agreement is to enhance defense systems, secure Iraq's airspace, assert national sovereignty across the nation, and provide support to our armed forces in their designated responsibilities. […]

US-based Firm to advise Iraqi Political Party

By John Lee. Prime Policy Group, which describes itself as "one of the first bipartisan government relations firms in Washington", has entered an agreement to provide professional services to the Erbil-based Arab Project Party. The firm, which is wholly owned by the UK-based multinational communications company WPP plc, will provide "election program support", with the […]