By John Lee. Kirkuk Governor Ribwar Taha Mustafa and Asso Mamand, Head of the Patriotic Union of Kurdistan's (PUK) Organisational Bureau, have laid the foundation stone for the Rahimawa (Al-Ikhwan) Tunnel project, under the supervision of Kirkuk Municipality. The ceremony was attended by members of the Kirkuk Provincial Council, advisors, directors of government departments, and […]
By John Lee. Basra's Deputy Governor for Administrative Affairs, Maher Al-Amiri, has confirmed that a committee is continuing its visits to hospitals in Turkey under the directives of Governor Asaad Al-Eidani. The committee is evaluating healthcare services in Turkish hospitals to prepare a comprehensive report on selecting the best medical facilities for the resumption of […]
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. Trading Volumes Support Market's Uptrend The market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), continued with the process of consolidating […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, today reported 2024 revenues of USD 667 million on the back of what it described as "stellar production" in the Kurdistan region of Iraq. According to a company statement this morning: "Net production climbed 50 percent year-on-year to 77,300 barrels of oil equivalent per […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met with Mikhail Bogdanov, Special Envoy of Russian President Vladimir Putin, to discuss strengthening Iraq-Russia relations. Talks covered economic cooperation, regional stability, and the upcoming Arab-Russian Summit, which Al-Sudani signalled his intent to attend. Discussions also focused on expanding collaboration in multiple sectors, including the Development Road […]
By John Lee. NATO Secretary General Mark Rutte has visited Iraq, accompanied by Supreme Allied Commander Europe (SACEUR), U.S. Army General Christopher G. Cavoli. During his visit, he met with President Dr. Abdul Latif Rashid, Prime Minister Mohammed Shia' Al-Sudani, and other senior officials to discuss NATO Mission Iraq (NMI), NATO-Iraq cooperation, and regional security. […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met recently with Italy's new Ambassador to Iraq, Niccolò Fontana. He congratulated Fontana on his new role and wished him success in his mission. Discussions covered bilateral relations and opportunities for enhanced cooperation across various sectors. Regional developments were also addressed, including the situation in Syria and […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 6th February 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 2,246.7 1.3% -0.1% RSISX USD Index […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has overseen the signing of an $800-million contract for the expansion of Al-Diwaniya Refinery, adding a 70,000 barrel-per-day (bpd) atmospheric distillation unit to raise total capacity to 90,000 bpd. The project includes hydrocracking, gasoline upgrading, isomerization, and environmental compliance measures. The initiative aims to modernise Iraq's refining […]
Centred on creating actionable solutions for the global food trade industry Mega event continues to act as a pivotal catalyst for empowering global cross-industry collaboration and trade partnerships. Dubai World Trade Centre (DWTC) celebrates the return of Gulfood for its momentous 30th edition running from 17 - 21 February 2025. Under the theme 'The Next […]
By John Lee. The Iraqi government, in collaboration with the Central Bank of Iraq (CBI), has launched a strategic initiative to modernise the country's banking sector. The reforms aim to enhance banking standards, strengthen financial resilience, and improve Iraq's integration with global financial systems. Key pillars of the initiative include: Governance and Ownership: Strengthening transparency […]
By John Lee. Basra Governor Asaad Al-Eidani (pictured) has reportedly announced the launch of Madinat Al-Nakhil [Palm City], a major residential and developmental project in Iraq. Planned for over a decade, the eco-friendly city will span 54 nature reserves and 34 additional dunams, featuring 120,000 housing units, universities, and industrial zones aimed at reducing carbon […]
