Iraq signs Multi-Billion-Dollar Deal with TotalEnergies
By John Lee. The Iraqi Ministry of Oil has signed four contracts, reportedly worth a total of $27 billion, with the French company TotalEnergies. The contracts cover a range of projects, including the development of the Ratawi [sometimes called Artawi] oil field, the construction of a 1GW solar power plant, and the transportation of seawater […]
Ministers Discuss Security at Iran-Iraq Border
From Tasnim, under Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The interior ministers of Iran and Iraq made arrangements to strengthen security along the common border. Iranian Interior Minister Ahmad Vahidi and his Iraqi counterpart Abdul Amir al-Shammari held a […]
UKEF sees "Huge Opportunity in Iraq"
By John Lee. UK Export Finance (UKEF), the UK's export credit agency, has said it sees "huge opportunity in Iraq". Speaking at the Iraq Britain Business Council's (IBBC) Spring Conference in London recently, Tim Palmer, Head of Renewables and Transition at UKEF, said: "As of today, we have about $1.5 billion worth of risk capacity […]
Building a Strong Iraq will shape its Foreign Policy
By Farhad Alaaldin, Advisor of foreign relations to the Prime Minister of Iraq, for Asharq al-Awsat. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Building a Strong, Capable Iraq Will Shape Its Foreign Policy Partnerships, common interests, and economic cooperation is key for […]
Iraq Market Report: Construction Activity and Stability
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Construction Activity and Stability The market, as measured by the Rabee Securities RSISX USD Index was up 4.4% in June, and up 30.4% for the year. The […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th July 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 1,038.4 1.1% 14.1% RSISX USD Index 1,021.0 […]
Iraqi Govt keen to attract more UK Investors
From the Arab-British Chamber of Commerce (ABCC). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The ABCC was honoured to host H E Dr Fuad Hussein (above), the Deputy Prime Minister and Minister of Foreign Affairs, Republic of Iraq, for a ministerial roundtable on […]
Etisalat Academy and EarthLink to open Academy in Iraq
By John Lee. Etisalat Academy has reportedly signed a Memorandum of Understanding (MoU) with EarthLink for the development of a comprehensive training programme in Iraq focused on Gigabit Passive Optical Network (GPON) FTTH network systems. The MoU was signed by Muammar Nasir AlRukhaimi, CEO of Etisalat Services Holding, and Dr Alaa Jasim, CEO of EarthLink […]
Video: Iraq Govt seeks Alternative Energy Sources
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq govt seeks alternative energy sources amid power outages The Iraqi government is trying to support its national grid by connecting with neighbouring countries. Al Jazeera's Mahmoud Abdelwahed reports from Baghdad, Iraq: Click […]
EBRD supporting Private Sector and Renewable Energy in Iraq
By John Lee. Iraqi Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein met with Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD). The meeting focused on ways to enhance bilateral relations between Iraq and the bank, with a focus on strengthening the private sector in Iraq and digitizing the […]
IBBC welcomes 3 New Members
By John Lee. The Iraq Britain Business Council (IBBC) has welcomed three new members: Saudi-based Alkhorayef Group operates in the agricultural machinery, food distribution, oil technologies and water sectors, and partners with many of the largest global brands operating in KSA, including Volvo, Penta and Castrol. It operates in 40 countries, and employs more than […]
Iraq Joins Egmont Group to Combat Money Laundering
By John Lee. Iraq has been granted membership of the Egmont Group, which focuses on exchanging information among financial investigation units combating money laundering and terrorist financing. The vote took place during the group's 29th general meeting in the United Arab Emirates on Wednesday. The meeting was attended by Deputy Chief Judge of the Court […]