By John Lee. Prime Minister Mohammed S. Al-Sudani today inaugurated the riverfront rehabilitation project in the historic old city of western Mosul on Sunday. The initiative marks a vital step in rebuilding the region and erasing the impact of terrorism while serving the residents of Nineveh Province. The visit also coincides with the seventh anniversary […]
By John Lee. Prime Minister Mohammed S. Al-Sudani conducted a detailed field inspection today at Mosul International Airport during his visit to Nineveh Province. He evaluated the ongoing construction work, including the airport's runway and terminals, and noted that the project has reached over 80% completion. During the inspection, the Prime Minister met with representatives […]
By John Lee. The United Nations Development Programme (UNDP) in Iraq and the Japan International Cooperation Agency (JICA) Iraq Office have renewed their longstanding partnership, reaffirming their commitment to supporting Iraq's socio-economic development. Backed by funding from the Government of Japan (GoJ) and JICA, this partnership builds on over 15 years of cooperation with the […]
By John Lee. Prime Minister Mohammed S. Al-Sudani inaugurated the construction of Phase One of the North Thermal Power Plant in Nineveh Province on Sunday, during his visit to the region. According to his office, this marks a significant milestone in Iraq's efforts to strengthen its power infrastructure and revive critical projects. Project Overview: Capacity: […]
By John Lee. The Iraqi Private Banks League (IPBL) has signed a cooperation agreement with Frankfurt School of Finance and Management in Germany, aiming to enhance collaboration in training, consultancy, and academic activities. The agreement is part of the Public Finances and Financial Markets in Iraq (FFM) project, organized by the German Corporation for International […]
By John Lee. The Iraqi Ministry of Electricity has announced a plan to enhance Baghdad's power grid ahead of summer 2025, including the installation of 74 new substations and the rehabilitation of 900 distribution feeders (33/11 kV). The initiative aims to address growing electricity demand and reduce outages. During a meeting with Baghdad Provincial Council […]
By John Lee. The Central Bank of Iraq (CBI) has announced its strategic focus on enhancing the capabilities of the Loan Guarantee Company [Iraqi Bank Guarantees Company (IBGC)] to support the banking sector and "bolster financial depth." Dr. Ammar Hamad Khalaf, Deputy Governor of the CBI, highlighted this priority during the 8th International Guarantee Conference […]
By John Lee. Iraq's Ministry of Electricity has signed a contract to construct three power substations in Basra Province. Funded by the World Bank, the project will add 3x90 MVA capacity at 132 kV, enhancing grid reliability, balancing loads, and reducing bottlenecks. According to a statement from the Ministry, the project will be executed by […]
By John Lee. Iraq's Minister of Industry and Minerals, Dr. Eng. Khaled Battal Al-Najm, reaffirmed the government's commitment to international cooperation to revitalize the country's industrial sector. This statement came during his meeting with Bulgaria's Ambassador to Iraq, Mr. Nikola Draganov. The discussion focused on strengthening industrial collaboration, reactivating the Iraq-Bulgaria Joint Committee, and preparing […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 19th December 2024). Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed from December 31, 2024 until January 6, 2025 due to the end-of-year closing operations. The last trading session of […]
By John Lee. The Central Bank of Iraq (CBI) announced an expansion of foreign currency transfer options for local banks, adding the Jordanian Dinar and Saudi Riyal to the list. Iraqi banks are now also permitted to fund trade with Turkey in Euros, previously restricted to transactions with EU countries. These currencies join the existing […]
By John Lee. Iraq's Minister of Electricity, Eng. Ziyad Ali Fadhil, chaired a technical meeting with Harlow International and China's SEPCOIII Electric Power Construction Corporation [SEPCO3, Shandong Electric Power Construction No. 3], the developers and funders of the giant Al-Khairat Steam Power Plant project in Karbala Province. A Ministry statement said the plant, with a […]
