Iraq's Asiacell appoints US-based firm for Data Governance
By John Lee. Mobile phone service Asiacell has reportedly appointed US-based LigaData to implement a new Data Governance Framework and Data Governance Center of Expertise. According to a press release, the partnership will enable more innovative digital services for Asiacell's 17 million subscribers and significantly improve the organization's return on investment from existing data infrastructure. […]
ICRC expands Humanitarian Ops in Southern Iraq
The ICRC expands its humanitarian operations in southern Iraq The International Committee of the Red Cross (ICRC) has inaugurated an office in Nasiriyah, to provide further support to affected populations on physical rehabilitation, mine risk awareness and emergency preparedness. The inauguration of this office, along with existing structures in Najaf and Basra governorates, strengthens the […]
Iraqi PM courts French Business Leaders
By John Lee. On the sidelines of his official visit to France, Prime Minister Mohamed Shia Al-Sudani met a group of French business leaders on Friday. Al-Sudani said the Strategic Partnership Agreement signed with France represents, "a framework for cooperation in all fields," adding that French companies investing in Iraq will be making the right […]
IBBC Trade Delegation meets New Iraqi Govt
The Iraq Britain Business Council (IBBC) President Baroness Nicholson of Winterbourne supported by Managing Director Christophe Michels, and Board Member Haider Al Shamaa led a delegation of 20 IBBC members to Baghdad to meet the new Government of Federal Republic of Iraq Welcomed by President of Iraq H.E. Abdullatif Rasheed, and Prime Minister H.E. Mohammed […]
New Chair of Iraq's National Investment Commission
By John Lee. Dr. Haider Muhammad Makiya has taken up he new role as Chairman of Iraq's National Investment Commission (NIC). He immediately held a meeting with the Director Generals and senior officials, confirming the development of plans and strategies according to the governmental curriculum of the Prime Minister, Mr. Muhammad Shia al-Sudani, with the […]
Iraqi PM's Balancing Act Between Tehran and Washington
By David Schenker, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Sudani's Wobbly Balancing Act Between Tehran and Washington Although it is still too early to write the prime minister off as an Iranian lackey, he […]
DQOC to Resume Trial Production at Subba Oil Field
By John Lee. The Director General of the Dhi Qar Oil Company (DQOC) has announced the resumption of trial production operations from the Sabah (Subba) oil field, which has a capacity of 10,000 barrels per day (bpd). Eng. Ali Khudair said that the company has succeeded in modernizing and automating operations to resume production from […]
Germany: new EUR10m contribution to Stabilization in Iraq
Germany renews commitment to stabilization with new EUR 10 million contribution The Federal Republic of Germany has renewed its commitment to stabilizing Iraq with an additional EUR 10 million (approximately US$10.5 million) contribution. The critical support will be channeled through UNDP's flagship programme, the Funding Facility for Stabilization. The generous contribution was formalized at a […]
KRG PM Barzani receives UK's new Consul-General in Erbil
KRG Prime Minister Masrour Barzani received the United Kingdom's new Consul-General in Erbil, Rosey Cave on Thursday. The Prime Minister congratulated her on her appointment and wished her success in her duties and expressed the Kurdistan Region Government's full support for the new Consul in order to further promote the strong relationship between the UK […]
Iraq Cancels Contract with German Company TUV
By John Lee. The Board of Directors of the Iraqi General Company for Exhibitions and Commercial Services, part of the Ministry of Trade, announced on Wednesday (25th January) a decision to terminate their contract with the German company TUV. In a statement, the Ministry said this move is aimed at reducing the burden on Iraqi […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th January 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Return RSISX Index Closings Change (d/d) (%) Change (ytd) (%) Change (12M) (%) RSISX IQD Index 985.9 0.0% 8.3% […]
Iraq Falls Further in Human Freedom Index
By John Lee. Iraq has been ranked in 157th place out of 165 countries in the latest Human Freedom Index (HFI). Produced by the Fraser Institute and the Cato Institute, the index presents a broad measure of human freedom, understood as the absence of coercive constraint. This eighth annual index uses 83 distinct indicators of […]