Work Starts on Iran-Iraq Rail Link
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani laid the foundation stone for the new rail link between Basra and the Iranian city of Shalamcheh (Shalamjah) on Saturday. This project aims to facilitate the movement of pilgrims and passengers between Iraq and Iran. The ceremony was attended by Iran's First Vice President, Mohammad Mokhber. […]
Iraq-China Trade tops $48bn in 2022
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq-China trade volume tops $48bn in 2022 The trade volume between Iraq and China exceeded $48 billion in 2022, as the two countries are trying to cement commercial ties in all sectors. The remarks […]
Saudi Airline announces Jeddah to Baghdad Route
By John Lee. Saudi Arabian budget airline Flynas has announced that it will resume its direct flights to Iraq. Starting on Friday 1st September, the company will operate three direct flights every week between Jeddah to Baghdad. Flynas, formerly called Nas Air, was founded in Riyadh in 2007. (Source: Flynas)
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 […]
Erbil Firm to Monitor Water in Community Boreholes
By John Lee. The United Nations Children's Fund (UNICEF) has awarded Erbil-based TWEKL Company for Information Technology a contract for the establishment of smart water monitoring systems in community boreholes in Erbil Governorate. The contract value is $112,000. (Source: UNGM)
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, […]
UNESCO awards Survey Contract in Mosul
By John Lee. The United Nations Educational, Scientific and Cultural Organization (UNESCO) has awarded Erbil-based Optimum Analysis LLC a contract to carry out a labour market skill survey in Mosul. The contract value is $26,630. (Source: UNGM)
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 […]