Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th May 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 1,018.1 -1.7% 11.8% RSISX USD Index 1,001.1 […]
Division intensifies between church, Christian Babylon Movement
By Ali Mamouri for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi division intensifies between church, Christian Babylon Movement The institutional Iraqi church and the Christian political party of Babylon are feuding over the leadership of Christian affairs in Iraq. […]
Increased Constuction drives new Investment in Iraq
By John Lee. Pakistan's Lucky Cement Limited has announced a major expansion of its plant in Samawah, Iraq. In a statement to the Pakistan Stock Market today (Thursday), the company said it will add a new clinker production line with a capacity of 1.82 million tons per annum (MTPA). The Najmat-Al-Samawah (NAS) facility is a […]
EBRD to Expand Operations in Iraq
By John Lee. The Board of Governors of the European Bank for Reconstruction and Development (EBRD) has approved amendments to the Bank's statutes to enable the limited and incremental expansion of its operations to sub-Saharan Africa and Iraq. According to a statement from the bank, the decision, taken at the EBRD's 2023 Annual Meeting in […]
KRG to build Housing Units for Low-Income Earners
Dr. Mohammad Shukri Mohammad Saeed, head of the Kurdistan Region Investment Board, has made an announcement regarding housing units for low-income earners, stating that they will be ready for occupancy by the middle of next year. During an interview with the official website of the Kurdistan Regional Government, Dr. Saeed shed light on the lengthy […]
Iraqis banned from dealing in US dollars
By Sinan Mahmoud for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqis banned from dealing in US dollars The Iraqi Interior Ministry has banned people from dealing in US dollars in the latest move by authorities to control a fluctuating […]
Iraqi PM meets Business Delegations
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has held talks in recent days with representatives of business interests from several countries: On Monday, the Prime Minister received the President of the US-Iraqi Business Council, and the Vice President of the American Chamber of Commerce for Middle East Affairs, Mr. Steve Lutes. The meeting […]
Biden Extends National Emergency regarding Iraq
By John Lee. US President Joe Biden has extended for one year the national emergency with respect to the stabilization of Iraq, declared in Executive Order 13303 in 2003. Full text of the President's statement: On May 22, 2003, by Executive Order 13303, the President declared a national emergency pursuant to the International Emergency Economic […]
New Oilfield Opportunities in Iraq
By John Lee. Iraq's Minister of Oil has invited international companies to bid to develop new oil fields, in what is being described as an annex to the Fifth Licensing Round. This round includes 13 exploration fields and sites distributed across the northern, central, and southern provinces. The announcement complements the Ministry's previous declaration in […]
87% Growth in Trade between Bulgaria and Iraq
By Kaloyan Vassev for the Bulgarian News Agency (BTA). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Ministry of Economy: 87% Growth in Trade Between Bulgaria and Iraq Trade between Bulgaria and Iraq grew by 87% in 2022, said Deputy Minister of Economy […]
Saudi's ANB to create New Bank in Iraq
By John Lee. Saudi Arabi'a Arab National Bank (ANB) has announced an investment of $38.2 million to create Arab Bank Iraq. ANB will have a 20-percent stake in the new bank. The full statement from ANB is as follows: Arab National Bank announces the approval of the Board of Directors on 14/5/2023 after obtaining the […]
IBBC: First UK-Iraq Trade Fair at new Al Burhan Conf Centre
From the Iraq Britain Business Council (IBBC): IBBC and dignitaries attend first UK-Iraq trade fair at new Al Burhan conference centre. The new Al Burhan conference centre was the venue for the first UK-Iraq Trade fair. Attended by dignitaries including the Ex Prime Minister Mr Haider Al Abadi, senior aviation advisor to the Prime Minster […]