Iraq Market Review: Markets Discount and Look through Violent Clashes
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. Markets Discount and Look through Violent Clashes The market, as measured the Rabee Securities RSISX USD Index, was up 2.1% for the month, and up 1.2% for […]
France in discussions on Baghdad Elevated Train (BET) Project
By John Lee. The Secretary-General of the Council of Ministers, Dr. Hamid Naim Al-Ghazi, met on Wednesday the French Ambassador to Iraq, Mr. Eric Chevalier. Dr. Al-Ghazi stressed the Iraqi government's interest in the Baghdad Elevated Train (BET) project, which he said is of vital and strategic importance. Mr. Chevalier also expressed the French government's […]
"Serious Concerns" for Health of Businessman detained in Iraq
By John Lee. The Australian government has reportedly said it holds "serious concerns" for the welfare of Australian engineer Robert Pether. Pether and his Egyptian colleague Khalid Radwan have been detained since April 2021. They have been sentenced to five years in prison and jointly fined $12 million on charges of fraud. Their families claim […]
Iraq's Top Court Rejects calls to Dissolve Parliament
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's top court rejects calls to dissolve parliament Iraq's federal court ruled on Wednesday that it cannot dissolve parliament and only parliament can dissolve itself. Click here to read the full […]
Work Resumes at Shamiya Water Project
By John Lee. Iraq's Ministry of Construction has resumed work at the Shamiya water project in Diwaniyah Governorate, seven years after work was halted. The Director General of the General Directorate of Water, Eng. Najm Al-Hayali, said that the design capacity of the project is 4,000 m3/h, and it is built on an area of […]
KRG opens New Data Center
KRG Prime Minister Masrour Barzani on Sunday visited the Kurdistan Regional Government's Department of Information Technology (DIT). After reviewing the work of the Department, Prime Minister Barzani inaugurated the government's Central Data Center, a sophisticated and protected system that provides information in all different sectors, and helps elevate the work of KRG institutions. Prime Minister […]
ICF's Hope Bus 3 is OPEN!
A message from the Iraqi Children Foundation (ICF): Dear Friends, We are so thrilled to announce that Hope Bus 3 is officially open! Over the past few months, our team in Baghdad has been working hard to renovate an ordinary, used bus into a child-friendly classroom for 50 desperately poor orphans and street kids. Our […]
TAG to build New Factory in Iraq
By John Lee. Jordan's Talal Abu-Ghazaleh for Technology (TAGTech), a member of Talal Abu-Ghazaleh Global (TAG.Global), has signed an agreement with the Iraqi Al Hassnawi Company to build a new factory for TAGTech's technological products in Iraq. The agreement was signed by Mr. Ala Zarour, TAGTech technical executive director, and Mr. Adil Okab, Al Hassnawi […]
UNAMI awards Contract for work at Forward Support Base
By John Lee. The United Nations Assistance Mission for Iraq (UNAMI) has awarded a contract for "Provision of Skilled and Unskilled Labour for Passenger and Cargo Movements at the UNAMI Forward Support Base (FSB) Air Terminal Baghdad". It was awared to Belad Alrafadain Alhadetha Co. for General Trading Services, Catering and Cleaning Services Ltd. The […]
Baghdad launches 'Ur' e-Govt Portal
By John Lee. The National Data Center Department, in the General Secretariat of the Council of Ministers, announced the actual launch of the Ur portal, one year after the trial launch, with an updated version that contains a set of new features and can be accessed via the following link: https://ur.gov.iq The director of the […]
Analysis: Ending the ExxonMobil Presence at West Qurna 1
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Ending ExxonMobil Presence in WQ1 Oilfield Legal-Contractual Discussion with Economic-Financial Analysis Information indicates that the Iraqi Ministry of Oil (MoO) proposed to acquire (buy) ExxonMobil's participation interest (PI) in the West Qurna […]
Iraq's opens its first Hydrogen Production Unit
By John Lee. Iraq's first hydrogen production and compression unit has been opened at the Ministry of Oil's Oil Research and Development Centre. The unit, which is for research purposes, can produce hydrogen with a purity of 99.5 percent, and compress it to 150 bar. A statement from the Ministry said that this is sufficient […]