Iraqi Market Review: "Winter Flash Floods"
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. Following a strong performance over the last ten months, the market, as measured by the Rabee Securities RSISX USD Index, was down 12.2% for the month as […]
Promoting Inclusive Economic Growth and Job Creation in Iraq
Project launched to promote inclusive economic growth and job creation in Iraq A ceremony was held to formally launch the 'Strengthening the agriculture and agri-food value chain and improving trade policy' (SAAVI) project. The five-year project worth EUR 22.5 million is funded by the European Union and is being implemented by the International Trade Centre […]
GKP "on Track" to Meet Production Guidance
Gulf Keystone has provided an operational and corporate update: Jon Harris, Gulf Keystone's Chief Executive Officer, said: "We are pleased to announce that we have submitted a draft Field Development Plan to the Ministry of Natural Resources. While the timing of FDP approval is uncertain given the scale of the project, this is an important […]
Half of Families in Drought-Affected Iraq need Assistance
One in two families in drought-affected Iraq need food assistance The scale of suffering inflicted by drought on Iraq's populations this year is laid bare in new research by the Norwegian Refugee Council (NRC). It shows that one in two families in drought-affected regions require food assistance because of drought, while one in five do […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th December 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD897 (-0.7%) / $785 (-0.7%) (weekly change) (+23.7% and +18.5% YTD change, respectively). The number of week traded […]
Contracts Signed for 1,000 Chinese-Built Schools in Iraq
By John Lee. A ceremony was held on Thursday to sign fifteen contracts with Chinese companies to build 1,000 school buildings in various parts of Iraq. The Chinese side was represented by the Vice President of the Power Construction Corporation of China (PowerChina), Mr. Li Daze, whose company will build 679 school buildings, and by […]
Jordan, Iraq sign agreement on Mining
By John Lee. Jordan and Iraq have signed a protocol for cooperation on geology and mining. Under the agreement, the two sides will exchange expertise in the field of research and exploration for mineral resources, evaluation and preparation for exploitation. The protocol was signed by the Jordanian Minister of Energy and Mineral Resources, Dr. Saleh […]
1,000 SMEs Financed by IOM's Enterprise Development Fund
Sustainable Living in Iraq: A Milestone 1,000 SMEs Financed Through IOM's Enterprise Development Fund At the conclusion of Iraq's devastating conflict with the Islamic State in Iraq and the Levant (ISIL), small and medium enterprises (SMEs) found themselves without access to the finance necessary to rebuild in the wake of the war's large-scale destruction. In […]
UAE's Ducab Group wins Cabling Contract in Iraq
By John Lee. UAE's Ducab Group has reportedly been awarded a contract to supply overhead conductors for a 288-Km Over-Head Line (OHL) as part of a GE Renewable Energy project in Iraq. According to Zawya, the contract involves the design, supply, installation, testing, and commissioning of a 400kV overhead transmission line from Jordan to the […]
Musab Alkateeb joins IBBC Advisory Board
Musab Alkateeb, the immediate past CEO of Siemens Iraq, has joined the the Iraq Britain Business Council (IBBC) advisory council after 20 years leading Siemens Iraq, Honeywell and championing government reform in Iraq. Musab is well known to IBBC members, to Iraq and the private sector and has a wealth of experience in the issues […]
China signs Partnership Contract with Iraqi Drilling Company
By John Lee. China's Zhongman Petroleum and Natural Gas Group Corporation (ZPEC) has signed a partnership contract with the Iraqi Drilling Company (IDC). The Director General of the IDC, Basem Abdul Karim, said that the contract includes the provision of support and completion of the work associated with drilling and reclamation operations at Iraqi oil […]
How Corruption Erodes Healthcare in Iraq
By Mac Skelton and Abdulameer Mohsin Hussein, for the Konrad-Adenauer-Stiftung. Medicine Under Fire - How Corruption Erodes Healthcare in Iraq The April and July 2021 hospital fires in Nasiriya and Baghdad left hundreds dead, adding insult to injury for a medical system that had already buckled under the weight of the COVID-19 pandemic. Why did […]