Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th June 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 1,011.1 3.0% 11.1% RSISX USD Index 994.2 […]
Iraqi Market Takes a Breather, While the Currency Stabilises
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. Market Takes a Breather, While the Currency Stabilises The market took a breather after a great three-month run from the January lows, during which it, as measured […]
Water Complex rehabilitated by UNDP and USAID in Basra
Water complex rehabilitated by UNDP and USAID provides safe drinking water for over 30,000 people in Basra The United Nations Development Programme (UNDP), U.S. Agency for International Development (USAID), and the Government of Iraq have inaugurated the Al-Hussein water complex, bringing clean, potable water to more than 30,000 people in Hay Al-Hussein subdistrict and helping […]
Jiyad: Preface to Tariq Shafiq's Second Book on Iraq Petroleum
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. My Preface for Tariq Shafiq' Second Book on Iraq Petroleum A few months ago, Tariq Shafiq (Abu Ehsan) asked me to write the preface of his second book on the Iraqi petroleum. […]
Iraq Open to the World... and Who's Making it Happen
From the Iraq Britain Business Council (IBBC): Iraq open to the world... and who's making it happen. An IBBC conference on June 16th at London's Mansion House. On 16th June IBBC are hosting a significant delegation of Iraq businesses and government officials to the UK, with a strong focus on energy, oil and gas, new […]
Iraq's Oil Boom blamed for Water Crisis in Basra
By Sara Manisera and Daniela Sala in Al Khora, for The Guardian. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's oil boom blamed for worsening water crisis in drought-hit south Pollution from gas flaring - the burning of natural gas associated with […]
Natural Gas Liquefaction Plant opens at Rumaila
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani has opened the first phase of the natural gas liquefaction plant project at Rumaila oil field. The project aims to utilize associated gas, and has a capacity of 200 million cubic feet per day in the first phase. By the end of this year, the project's […]
New Dairy Factory Opened in Erbil
By John Lee. The Kurdistan Region Prime Minister, Masrour Barzani, has launched Zom, the largest dairy factory in the Mergasor district of Erbil Governorate. During the opening ceremony, the Prime Minister proudly announced that under the KRG's ninth cabinet, pastoral farming projects have experienced a significant 75-percent increase. Currently, there are 87 such projects in […]
Farmer Organization Models and Cooperatives in Iraq
Stakeholders from across the spectrum shed light on farmer organization models and cooperatives in Iraq and their role in supporting the development of the agricultural sector An event was held by partners implementing the European Union Agri-food Business Development Programme (AfBDP) in Baghdad on Monday (May 29) to discuss the development of farmers' organizations and […]
IMF Forecasts Growth in Iraq's Real Non-Oil GDP of 3.7%
By John Lee. The International Monetary Fund (IMF) has forecast growth in Iraq's real non-oil GDP 3.7 percent in 2023. Following a recent visit to Iraq, the IMF team also predicts inflation of 5.6 percent in for the year. Full statement from IMF: A staff team of the International Monetary Fund (IMF) led by Tokhir […]
Iraq Reaffirms OPEC+ Cuts to Oil Production
By John Lee. Iraq's Minister of Oil has affirmed Iraq's commitment to the OPEC+ agreement and the extension of the voluntary cut in oil production that was approved in April for the year 2023. Speaking at a press conference following the OPEC+ meeting in Vienna, Hayan Abdul-Ghani said Iraq will continue its voluntary reduction of […]
$1bn Saudi Investment near Baghdad Airport
By John Lee. The Saudi ambassador to Baghdad, Abdulaziz Al-Shammari (pictured), has revealed the signing of a contract between Saudi Arabia and Iraq for a significant investment project near Baghdad International Airport (BIAP). In a statement to the state-run Iraqi News Agency (INA), Al-Shammari said the contract involves an investment of up to one billion […]