Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th June 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD941 (+0.9%) / $825 (+2.9%) (weekly change) (+29.7% and +24.4% YTD change, respectively). The number of week traded […]
New Initiative to Boost Local Police Services in Iraq
Policing for the People: New initiative to boost local police services in Iraq Police stations across Iraq will become more service-oriented and will better respond to the needs of citizens thanks to a new initiative between the United Nations Development Programme (UNDP) in Iraq and the Ministry of Interior (MoI), generously funded by the governments […]
Masdar to Develop Solar Projects in Iraq
By John Lee. Masdar, a subsidiary of the Abu Dhabi-based Mubadala Investment Company, has signed a strategic agreement to develop 2,000 MW of solar photovoltaic (PV) projects in Iraq. Heads of Agreement (HOA) were signed at a virtual ceremony by His Excellency Majid A. Hantosh, Minister of Electricity, the Republic of Iraq, Her Excellency Suha […]
UK names New Ambassador to Iraq
By John Lee. Mark Bryson-Richardson MBE has been appointed as the new British Ambassador to Iraq, taking over from Stephen Hickey. He will take up his appointment in July. Mr Bryson-Richardson has previously served as Deputy Head of Mission in Baghdad in 2013-14. More here. (Source: UK FCDO)
Iraq Automates Customs Service to Reduce Corruption
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq automates its customs service to reduce corruption at border crossings The Iraqi government has taken several new initiatives to fight corruption, from automating border crossings, arresting corrupt figures […]
When will Iraq's envisioned Industrial Cities fire up?
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. When will Iraq's envisioned industrial cities fire up? The previous Iraqi government headed by Adil Abdul Mahdi (Oct. 2018-May 2020) concluded a number of ambitious agreements to establish joint industrial cities with neighboring […]
Politically Sanctioned Corruption and Barriers to Reform in Iraq
By Toby Dodge and Dr Renad Mansour, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Politically sanctioned corruption and barriers to reform in Iraq This paper explores the pernicious effects of politically sanctioned corruption on governance in Iraq. This type of […]
Iraq "Cancels" Oil Deal with China's Zhenhua
By John Lee. Iraq has reportedly cancelled its $2-billion pre-paid oil supply agreement with Zhenhua Oil Company. Under a deal said to have been agreed in January, the state-owned Chinese company would pay Iraq in advance for a year's supply of oil. S&P Global Platts reported the following month that Iraq had "frozen" the deal, […]
Iraq Oil Revenues almost $6bn in May
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for May of 89,881,268 barrels, giving an average for the month of 2.899 million barrels per day (bpd), slightly down from the 2.947 million bpd exported in April. The exports from the oilfields in central and southern Iraq amounted to approximately 86,820,355 barrels, […]
Converting a Desert Into an Oasis in Iraq
Located about 240 kilometers northwest of Baghdad, a quaint city with panoramic views of the desert sits on both sides of the Euphrates River. With over 46,000 residents, Haditha is one of seven major cities in the Anbar governorate. During the war with the Islamic State and the Levant (ISIL), six of those cities were taken by ISIL except for Haditha and a handful of surrounding villages. Unfortunately, due to the fighting, farmers […]
Private Sector, Govt Invest in Tourism in Kurdistan
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG begins buying wheat from farmers for the first time The government and private sector are investing millions to develop tourism infrastructure in the beautiful mountains and canyons of Erbil's Soran district. A private […]
Lukoil paid over $60m to Iraqi Govt in 2020
By John Lee. Russian oil company Lukoil has published details of its payments made during the financial year ended 31 December 2020 in favor of the government of Iraq: The Dhi Qar Oil Company (DQOC) [Thiqar Oil Company] received 1,963 million Russian Rubles [$26.9 million] in respect of the Block 10 field; The General Commission […]