Derluk Hydroelectric Plant Starts Limited Production
9By John Lee. The Kurdistan Regional Government (KRG) has reported that the Derluk Hydroelectric Power Project is now 95-percent completed. Described as the most advanced hydroelectric station in the region, the plant is located on the Great Zab River in Derluk, Amadiyah district. The $151-million project comprises two turbines, with a total production capacity of […]
FAO Trains Iraq Ministry Staff on Good Agricultural Practices
FAO Iraq trains ministry of agriculture staff on good agricultural practices The Food and Agriculture Organization of the United Nations in Iraq held a training of trainers' workshop for the Ministry of Agriculture's staff under the project funded by the Belgian Government. The workshop aimed to train farmers on Good Agricultural Practices, which develop capacity […]
New Service to Connect King Abdulaziz Port to India and Iraq
By John Lee. The Saudi Ports Authority (Mawani) has announced the addition of King Abdulaziz Port to the newly-launched India-Saudi-Iraq (ISI) shipping service by Singapore-based feeder operator Bengal Tiger Line (BTL). Aimed at empowering importers and exporters with best-in-class offerings, the regional route further strengthens the Kingdom's maritime connectivity in its quest to establish itself […]
New Projects to Reduce Traffic Jams in Baghdad
By John Lee. Prime Minister Mohammed S. Al-Sudani has launched the first package of service projects to reduce traffic jams in the capital Baghdad which is the first of its kind. This launch came during his visit to the Ministry of Construction Housing Municipalities and Public Works. His Excellency stressed that these projects are part […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd March 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Return RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 942.2 -0.9% 3.5% RSISX USD Index 926.5 […]
Iraq to Relax Import Restrictions on Fertiliser
By John Lee. Iraq's Council of Ministers has approved the following recommendations for importing urea and DAP (di-ammonium phosphate) fertilizers: Cancel import licenses for urea and DAP fertilizers. Allow private and mixed-sector companies, licensed agricultural offices, and the General Union of Agricultural Associations to import urea and DAP fertilizers without an import license. Allow entry […]
KRG President receives Russian Ambassador
By John Lee. KRG President Nechirvan Barzani met with the Russian Ambassador to Iraq, Mr. Elbrus Kutrashev and his accompanying delegation in Erbil this week. The meeting discussed the political and economic developments in Iraq, Erbil-Baghdad relations and the ongoing negotiations to resolve their differences. The two sides also exchanged views on Russia's bilateral relations […]
UN Chief on Visit to Iraq
Guterres stresses UN commitment to Iraq during first visit in 6 years The Secretary-General of the UN, António Guterres, is in Iraq for the first time in six years, expressing support for the country's people, the new Government and its ambitious reform agenda. "I am here in a visit of solidarity to underscore the commitment […]
Iraq Achieves $7.1bn Oil Exports in February
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for February: Revenues achieved: 7.081 billion dollars Total exported quantities of crude oil: 92,255,610 barrels Exported quantities from central and southern Iraq: 89,140,448 barrels Exported quantities from Kirkuk through Ceyhan port: 2,834,393 barrels Average daily quantities exported: 3.295 million barrels per day, slightly […]
Power China pitches to Iraqi Railways
By John Lee. A delegation from Power China visited the Ministry of Transport and the General Railway Company earlier this week to discuss their proposals regarding the train sector. The Director General of Railways, Eng. Younes Khaled Jawad, stated that the meeting involved a discussion on Power China's offers for the manufacturing of trains and […]
Amarinth Wins Another Order at Iraq's Rumaila Oilfield
By John Lee. UK-based pump maker Amarinth has won another order from Iraq Gates Contracting Company (IGCC), this time for two bespoke API 610 12th Edition VS4 vertical pumps for the Rumaila oil field in Iraq. The 3.5m long flare drain pumps are destined for the Rumaila oil field, a super-giant oil field located 50km […]
Visa Exec meets with top Iraqi Officials re e-Payments
By John Lee. Prime Minister Mr. Mohammed S. Al-Sudani received a delegation from the international electronic payment company Visa Inc., led by the company's Regional President for Central and Eastern Europe, Middle East and Africa, Andrew Torre. During the meeting, His Excellency expressed the government's determination to implement reform and move forward with plans for […]