Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd February 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 946.9 -4.6% 4.0% RSISX USD Index 705.5 […]
Iraq Oil Exports for Jan: Volume Down, Prices Up
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for January of 101,245,095 barrels, giving an average for the month of 3.266 million barrels per day (bpd), down from the 3.332 million bpd exported in December. The exports from the oilfields in central and southern Iraq amounted to approximately 98,460,050 barrels, while […]
TotalEnergies "Pulls Staff from Iraq"
By John Lee. TotalEnergies is reportedly pulling its foreign staff out of Iraq as it struggles to finalise a deal with Baghdad for its $27-billion package of energy projects. According to Reuters, the negotiations have stalled over a demand from Iraq for a 40-percent share in the projects. The head of the Basra Oil Company […]
KRG PM Masrour Barzani welcomes UK Ambassador
Prime Minister of Kurdistan Region Masrour Barzani on Thursday received UK Ambassador to Iraq Mark Bryson Richardson. Latest developments in the Kurdistan Region and the importance of the election's preparation process were among main topics of the discussions. Prime Minister Barzani highlighted the significance of the Kurdish parties' common stand to achieve Kurdistan's constitutional rights. […]
KRG signs 47 Contracts to Renovate Historic Sites
The Kurdistan Region's Directorate General of Antiquities and Heritage in 2022 has signed 47 contracts with universities and foreign organizations to develop and renovate archaeological sites, recording the highest number of agreements in the history of KRG in the related field. The projects, which formed by 33 new agreements and reviving 14 contracts, focus on […]
New Grain Silo approved for Wasit
By John Lee. The Board of Directors of Iraq's General Company for Grain Trading, which is owned by the Ministry of Trade, as approved the building of a 100,000-ton grain silo in Wasit Governorate. The Chairman and General Manager, Dr. Haider Nouri Al-Karaawi, said the decision supports efforts to strengthen grain storage capacities nationwide in […]
Morocco Opens Embassy in Baghdad
By John Lee. The reopening of Morocco's embassy in Baghdad will be a starting point for the partnership between the two countries, according to a statement from Iraq's Ministry of Foreign Affairs. Iraq's Deputy Prime Minister and Foreign Minister, Fuad Hussein, confirmed a new generation of diplomatic interaction between Iraq and Morocco, at a reception […]
Iraqi PM meets French Aircraft and Defense Companies
By John Lee. On Friday, Iraqi Prime Minister Al-Sudani met with representatives of the French companies Thales, Dassault and Airbus. During the meetings, they discussed providing Iraq with specialized radars, Rafale combat aircraft, Falcon civil aircraft, and combat and specialized helicopters for the benefit of the Iraqi Air Force and Civil Aviation. These measures are […]
Trafigura "Ends Oil Deal with Iraqi Kurdistan"
By John Lee. Singaporean/Swiss-based commodity trader Trafigura has reportedly ended its relationship with the Kurdistan Regional Government (KRG). According to a report from Bloomberg, the decision follows the KRG's refusal to renegotiate the terms of the contract, following a drop in the price of Kurdish oil. KRG Minister Masrour Barzani is also said to have […]
UNESCO and Japan supporting Training in Mosul
UNESCO and Government of Japan sign agreement to support Technical Vocational Education and Training, and Prevention of Violent Extremism through Education for youth in Mosul, Ninewa UNESCO and Government of Japan signed an agreement in support of the project "Enhancing youth Employability and Resilience for Peace in Ninewa". Futoshi Matsumoto, Japan's Ambassador to Iraq and […]
Iraq Retains Poor Ranking in Corruption Perceptions Index
By John Lee. Transparency International has said that Iraq has maintained its ranking and score in the global Corruption Perceptions Index (CPI) for 2022. From a total of 180 countries, Iraq came in at number 157, the same position as last year. This result puts it on equal ranking with Honduras, Myanmar and Zimbabwe. Denmark […]
Iraq: Staving Off Instability in the Near and Distant Futures
From International Crisis Group. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq: Staving Off Instability in the Near and Distant Futures Iraq has a new government after months of delay, but various challenges to stability persist. In this excerpt from the Watch […]