By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makkiya, received a delegation from the Japan Center for Cooperation in the Middle East (JCCME), and discussed the possibility of activating the agreement signed between the two parties more than ten years ago. The agreement aims to promote cooperation between Iraq […]
By John Lee. The General Company for Food Products, a subsidiary of the Ministry of Industry and Minerals, has announced the completion of a new dairy products factory building in Fallujah, Anbar Province. This project is being developed in partnership with the private sector. The factory building and its infrastructure have been completed, and the […]
By John Lee. In support of the national project for producing commercial zero flour, the Iraqi government has approved the local sale of wheat to licensed public and private mills at prices equivalent to the import price of similar wheat delivered to Umm Qasr Port. This move aims to enhance local flour production and reduce […]
By John Lee. The Iraqi Oil Pipelines Company has rehabilitated the six-inch fuel oil pipeline extending from the "June 1" depot to the Kirkuk Cement Plant in Lilan, southeast of Kirkuk. According to a statement from the Ministry of Oil, the pipeline, inactive for over three years, is now fully operational. Ali Abdul Kareem Al-Moussawi, […]
By John Lee. Iraq's Ministry of Agriculture has launched a major feed distribution campaign to support affected buffalo breeders who were considering migrating to other areas. This first distribution campaign took place in Muthanna, and will extend to several other southern governorates in the upcoming months. Full statement from the FAO: The Iraqi government, in […]
By John Lee. Erbil-based Prime Water Technology has won a series of contracts with the United Nations Office for Project Services (UNOPS) for the restoration of three boreholes in Sinjar: Lot 1 - Restoration of Al-Qabousiyah borehole: Contract value $225,063; Lot 2 - Restoration of Beir Shireen borehole: Contract value $307,389; Lot 3 - Restoration […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, has announced the restart of the first unit of the Doura Gas Power Plant at the Midland Refineries Company (MRC), generating 18 MW of electricity to support the national grid. Efforts are ongoing to complete the second unit, which will add a similar capacity. The […]
By John Lee. The Iraqi government has approved an additional 60-day period to submit letters of guarantee to companies contracted to manage and operate the new hospitals: Nasiriyah Teaching Hospital (492 beds); Imam Al-Mujtaba Hospital in Karbala; and Al-Sayyab Hospital in Basra. This extension is an exception to the Government Contracts Implementation Instructions No. 2 […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 1st Aug 2024). 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 1,748.8 -1.4% 12.5% RSISX USD Index […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al Sudani oversaw the signing of a comprehensive memorandum of understanding between Iraq's Ministry of Oil and BP to rehabilitate and develop four oil fields in Kirkuk. The Minister of Oil, Hayan Abdul Ghani, and BP's CEO, Murray Auchincloss, signed the agreement. The memorandum includes the rehabilitation […]
From the United Nations Conference on Trade and Development (UNCTAD). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: Trade and government revenue gets boost from digital customs Backed by UN Trade and Development, customs automation helps improve compliance and ease of trade in […]
From the Iraq Britain Business Council (IBBC): Dr Luay Al- Khateeb is joining IBBCs advisory council and brings his energy expertise to the council. As a long-standing friend of IBBC Dr Luay has chaired energy panels at IBBC major conferences. As an independent Iraqi politician he was the former Electricity Minister and member of the Federal Energy […]
