Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th 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 945.4 -0.7% 3.9% RSISX USD Index 929.6 […]
New Investment Opportunities in Iraqi Oil Refining
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, has announced several investment opportunities in the oil refining sector: Maysan Refinery [Missan Refinery], with capacity of 150,000 barrels per day (bpd); Qayyarah Refinery in Nineveh governorate, with a capacity of 70,000 bpd; A black oil hydrogenation project in Basra Governorate, with a capacity of 30,000 […]
Ban on IOCs in Iraqi Kurdistan "May be Lifted"
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Ban On IOCs In Iraqi Kurdistan May Be Lifted The recent signing by Iraq's federal government in Baghdad of three long-term oil and gas sector contracts with the UAE's Crescent […]
New Hospital Opens in Basra
By John Lee. The Prime Minister of Iraq, Muhammad Shia Al-Sudani, inaugurated the Al-Sayyab Teaching Hospital in Basra on Sunday. The hospital has a capacity of 492 beds and includes general medical specialties as well as specialized centers for kidney diseases and tumor treatment. During the opening, the Prime Minister emphasized that completing hospitals is […]
Hungary to Import Iraqi Dates?
By John Lee. The Director General of the General Company for Exhibitions and Trade Services at the Ministry of Trade in Iraq, Adel Al-Masoudi, met with the Hungarian Ambassador to Iraq, Attila Tarr, to discuss strengthening economic and trade relations between the two countries. They exchanged views on ways to enhance cooperation in political and […]
Iraq Plans More Renewable Energy; 5 Million New Trees
By John Lee. Iraq's Prime Minister has said Iraq will plant five million trees in an attempt to combat climate change and limit the damage caused by dust storms. Addressing a climate conference in Basra, Mohammed Shia Al-Sudani added that the plan woule be accompanied by the launch of a "national guide for urban afforestation" […]
Iran, Iraq "Taking Giant Strides" to Strengthen Trade
Highlighting the role of the Iran-Iraq Joint Commission in the removal of trade barriers between the two countries, the Iranian minister of economy said that Tehran and Baghdad will witness the considerable growth in bilateral trade next year (to start March 21, 2023). The two countries enjoy high potential to expand their trade and economic […]
Vietnam discusses Increasing Trade with Iraq
By John Lee. Iraq's Ministry of Trade held a meeting with a delegation from the Vietnamese embassy in Tehran to discuss joint cooperation in commercial and economic aspects, including the supply of rice, tea, construction materials, and machinery. They also discussed the possibility of holding the nineteenth meeting of the Iraqi-Vietnamese Joint Committee, and inviting […]
Iraq Currency Smuggling: Reduced, but Not Eliminated
From The Jerusalem Post. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq currency smuggling: Reduced, but not eliminated While the flow of smuggled dollars out of Iraq has decreased, those seeking to bring cash into Iran have found workarounds to the new procedures. […]
Two Saddam-Era Officials Removed from Sanctions Lists
By John Lee. The UN Security Council has removed the following individuals from its Sanctions List: Ayad Futayyih Khalifa Al-Rawi Chief Of Staff, Quds Force, 2001-2003; Former Governor of Baghdad and Ta'mim. IQi.030 Name: 1: AYAD 2: FUTAYYIH 3: KHALIFA 4: AL-RAWI Title: na Designation: na DOB: 1942 POB: Rawah, Iraq Good quality a.k.a.: na […]
Jiyad: SOMOs Leadership, 50 Years On
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The recent appointment of Ammar Al-Anbagi as the new, a twelfth in a row, director general of Iraq's State Oil Marketing Organization (SOMO), might be an opportunity to review the path of […]
Iraqi PM promotes Local Pharmaceutical Industry
By John Lee. Prime Minister Mr. Mohammed S. Al-Sudani, chaired the second meeting with the Pharmaceutical Manufacturers Association of Iraq this week in the presence of the Minister of Health, the Minister of Industry and Minerals, and several Director Generals in the two ministries. The meeting focused on endorsing the recommendations related to the localization […]