Turkey "to Play Key Role in Iraq's Reconstruction"

By John Lee. Turkey's Minister of Trade, Prof. Dr. Omer Bolat, has affirmed that Turkey will assume a key role in Iraq's reconstruction, supported by the experience of Turkish contractors who have completed projects worth $36.6 billion in the country. Speaking in Baghdad at the Iraq General Trade and Contracting Delegation Meeting -- organised by […]

Iraqis "Hoarding Trillions of Dinars"

From Shafaq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqis hoard trillions of dinars, weakening banks Nearly 90 trillion dinars ($69 billion) -- 92% of Iraq's 98 trillion-dinar money supply -- remain outside the banking system, former Central Bank of Iraq (CBI) official […]

Iraq, Turkey sign Water Cooperation Agreement

By John Lee. Prime Minister Mohammed Shia Al-Sudani on Sunday presided over the signing ceremony of the implementation mechanism for the framework cooperation agreement between Iraq and Turkey in the field of water. The agreement was signed by Iraq's Foreign Minister Fuad Hussein and Turkish Foreign Minister Hakan Fidan. Prime Minister Al-Sudani stated that the […]

Genel Energy Chair Retires

By John Lee. Genel Energy has announced that, following a period of ill health, David McManus has decided to retire as Chair and is stepping down from the Board with immediate effect. Canan Ediboğlu, Senior Independent Non-Executive Director, has been appointed as interim Chair until the search for a permanent Chair is completed. Yetik K. […]

Rabee Securities Launches New Iraqi Market Indices

By John Lee. Rabee Securities (RS) has announced the launch of two new market indices designed to broaden investment perspectives and enhance sector-focused analysis within the Iraqi market. 1. RS Iraq Halal Companies Index (RSIHX) The RSIHX is a price return index that tracks the performance of companies operating in accordance with Islamic principles. The […]

New Oil Processing Facilities Opened at West Qurna-1 Field

By John Lee. Deputy Prime Minister for Energy Affairs and Minister of Oil, Engineer Hayan Abdul Ghani Al-Sawad, inaugurated on Sunday the OT2 and OT3 oil processing facilities at the West Qurna-1 field, with a combined capacity of 210,000 barrels per day. The Minister explained that the project includes the construction of two new crude […]

Iraqi Dinar: Govt Attempts to Preserve Value

By Dr. Ali Abdul Rahim Al-Aboudi, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Liquidity crisis and expenditure financing: Does the lack of dinar liquidity pose a serious threat to the Iraqi economy? The national currency […]

Tabaqchali: "A Ho-hum Month, Ahead of Elections"

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. "A Ho-hum Month, Ahead of Elections" The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), was up 0.6% for the month, […]

Ukrzemresurs Files Arbitration Claim Over Akkas Dispute

By John Lee. Ukrzemresurs LLC, a Ukrainian gas producer and operator of the Akkas gas field in Iraq since 24 April 2024, has announced that it has filed a claim with the International Court of Arbitration of the International Chamber of Commerce (ICC) to protect its rights as operator and investor under the Gas Development […]

Urbanisation and Climate Change "Threaten Iraq's Cities"

From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Battle for Green Space: Urbanization and Climate Change Threaten Iraq's Cities According to Iraqi environmental organizations, the greenness rate in Baghdad has plummeted to just 4.5%. Click here to read the full article.