By Ingrid d'Hooghe, Vera Kranenburg, and Erwin van Veen, for The Clingendael Institute. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China in Iraq The main objective of China's engagement in Iraq is to ensure a reliable flow of oil that diversifies Beijing's imports […]
By John Lee. Lieutenant General Mazin Abdulwahid Kbian, Commander of the Iraqi Navy, oversaw the delivery of three patrol boats from ENM Korea during a visit to Umm Qasr Naval Base on 25th January 2025. According to a statement from the Iraqi Ministry of Defense, these high-specification vessels, equipped with advanced surveillance and communication systems, […]
By John Lee. The United Kingdom is supporting Iraq's emergency services through a major export deal, enabling the Iraqi Ministry of Interior to purchase 62 British-made fire engines with a $31 million loan from UK Export Finance (UKEF). The units will be supplied by two companies: Emergency One, based in Ayrshire, Scotland, will supply MAN […]
By John Lee. Qatar-based Ooredoo Group has partnered with France's Alcatel Submarine Networks (ASN) to build the Fibre in Gulf (FIG) submarine cable. The cable, connecting Qatar, Oman, the UAE, Bahrain, Saudi Arabia, Kuwait, and Iraq, will have a capacity of up to 720Tbps with 24 fibre pairs. Ooredoo said in a statement that the […]
By John Lee. Defense contractor Wye Oak Technology has petitioned the U.S. Supreme Court to review its long-running legal dispute with the Republic of Iraq, according to a docket filed earlier this month. The case stems from a ruling by the U.S. Court of Appeals for the District of Columbia Circuit in July 2024, overturning […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 30th January 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 2,217.8 -1.0% -1.4% RSISX USD Index […]
By John Lee. Iraq and Egypt have signed multiple Memorandums of Understanding (MoUs) under the patronage of Prime Minister Mohammed S. Al-Sudani and Egyptian Prime Minister Mostafa Madbouly during the third session of the Iraq-Egypt Joint Higher Committee in Baghdad. The agreements cover a range of sectors, including: Transport - Land transport of passengers and […]
By John Lee. The Iraqi Council of Ministers has approved measures to develop and manage airports through public-private partnerships (PPP): The Ministry of Transportation is authorised to engage the International Finance Corporation (IFC), a member of the World Bank Group, to develop investment proposals for the management, operation, and development of Basra, Mosul, Dhi Qar, […]
From the Iraq Britain Business Council (IBBC): IBBC hosts UK's Middle East Minister at AGM dinner in House of Lords Baroness Nicholson hosted a well-attended IBBC AGM dinner with The UK Government Under-Secretary for the Middle East Mr Hamish Falconer MP and former Foreign Secretary Mr James Cleverly MP and Dr Ahmed Khalil deputy Iraqi Ambassador, as speakers. Mr Falconer offered a wide-ranging discussion […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a high-level meeting to discuss the development of Iraq's sulphur and phosphate industries. Attendees included the Deputy Prime Minister for Energy Affairs, the Ministers of Oil, Finance, Industry and Minerals, and the Governor of the Central Bank of Iraq (CBI). The meeting focused on optimising the […]
By John Lee. Jordan's state-run Petra News Agency has said that exports to Iraq increased by 45.6 percent in the first 11 months of 2024. Jordan's exports to Iraq: 45.6% increase reaching JD 830 million [$1.2 billion]. Up JD 260 million from JD 570 million in 2023. Jordan's imports from Iraq: Slight decline to JD […]
By John Lee. The Washington DC-based Institute for Financial Integrity (IFI) has announced the launch of the Financial Integrity and Cross-Border Payments Training Program for the National Bank of Iraq (NBI), developed in partnership with the Central Bank of Iraq (CBI) and K2 Integrity. According to a press release from IFI, this groundbreaking initiative aims […]
