By John Lee. Prime Minister Mohammed S. Al-Sudani has launched the commercial operation of the $200-million Najmat Al-Samawa 2 Cement Plant in Al-Muthanna Province via video conference. With a daily production capacity of 6,000 tons, the plant is part of a wider $1.171-billion industrial investment package aimed at bolstering Iraq's construction materials sector. Najmat Al-Samawa […]
By John Lee. According to the latest World Economic Outlook from the International Monetary Fund (IMF), Iraq's economy is forecast to shrink by 1.5 percent this year. This is a reduction from the 4.1 percent growth forecast in their October 2024 report. For subsequent years, the organisation predicts a return to strong growth. Globally, "the […]
By John Lee. Prime Minister Mohammed S. Al-Sudani conducted a field inspection on Monday to assess progress at the Nasiriyah International Airport project in Dhi Qar Province. With the overall completion rate of 47%, the Prime Minister urged relevant authorities to swiftly address remaining obstacles, including power supply, conflict resolution, clearance of military structures, and […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 24th April 2025. Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 2,297.0 -2.3% 2.1% RSISX USD Index […]
By John Lee. The Abu Dhabi Securities Exchange (ADX), the UAE's largest financial market, has signed an agreement with the Iraq Stock Exchange and the Iraqi Securities Commission (ISC), paving the way for Iraq to join the regional digital trading platform, Tabadul. The signing ceremony was held at ADX headquarters on Tuesday. The agreement follows […]
By John Lee. Iraq's Ministry of Planning held discussions with representatives of the German Agency for International Cooperation (Deutsche Gesellschaft für Internationale Zusammenarbeit; GIZ) in Iraq to explore cooperation and developmental transformation. Key areas of focus included a joint international cooperation agreement, the establishment of offices for the German Development Bank (Kreditanstalt für Wiederaufbau; KfW) […]
By John Lee. A group of Republicans in the US Congress have introduced a bill to provide for the imposition of sanctions with respect to the importation of natural gas from Iran by the Government of Iraq. Bill H.R. 2574 -- the "No Iranian Energy Act" -- has been referred to a number of committees, […]
By John Lee. Iraqi Defense Minister Thabet Mohammed has discussed expanding cooperation with South Korea on air and mobile defense systems, including the Korean Utility Helicopter (KUH-1), also known as 'Surion'. The meeting took place on the sidelines of the IQDEX 2025 International Defense Exhibition, held in Baghdad from 19th to 22nd of April. Korean […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has laid the foundation stone for the Suq Al-Shoyokh Infrastructure Project in Dhi Qar Province, reaffirming the government's commitment to service delivery and job creation for local residents. The 505-billion-dinar [$386 million] project will provide fully serviced neighbourhoods, including sewerage, stormwater systems, and water treatment facilities, aiming […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, has provided an update on production, sales volumes and other selected information for the quarter. Regarding its operations in Iraqi Kurdistan, the company said: "DNO's share of crude oil from the Tawke license during the quarter has been sold to local buyers as the […]
By John Lee. The head of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makia [Makiyya], has announced the signing of two investment licences with Al-Bilal Group for General Contracting Ltd. to develop solar power plants in Karbala and Babil provinces, with a combined capacity of 525 megawatts. The projects will include a 225-MW plant […]
By John Lee. UK-based Development Analytics Ltd has won a contract with the International Labour Organization (ILO) to, "[Make] The Case for an Old-Age Social Pension in Federal Iraq." The contract value was not disclosed. According to information provided by the UN, the ILO, together with UNICEF and WFP, are implementing an EU-funded Joint Social […]
