By John Lee. The Iraqi Prime Minister has expressed a willingness to partner with American firms to develop the country's oil and gas resources. Speaking to Al Monitor, Mohammed Shia al-Sudani acknowledged that some US companies have said the terms of potential contracts were not favorable, and he pledged to rectify the issue. Full report […]
By John Lee. The Iraqi Ministry of Planning has held a workshop on nanotechnology, highlighting its potential as one of the most advanced scientific and technological developments in recent years. Presentations covered various aspects, including a report by Engineer Ahmed Farouk of the Ministry of Construction, emphasizing Iraq's need for nanotechnology research centers to keep […]
By John Lee. The Iraqi Ministry of Transport has announced the completion of the five-berth construction project at Al-Faw Grand Port's container terminal. According to Dr. Farhan Al-Fartousi, Director General of the General Company for Ports of Iraq, all stages of the project have been successfully finalized, following the directives of Transport Minister Razzaq Muhibis […]
By John Lee. The Turkish Ministry of Interior and Iraq's Ministry of Migration and Displacement have signed a memorandum of understanding focusing on migration management and voluntary returns. The agreement, signed by Turkish Interior Minister Ali Yerlikaya and Iraqi Minister Evan Faiq Jabro, aims to facilitate the voluntary return of Iraqi citizens from Turkey and […]
By John Lee. Education Cannot Wait (ECW) has announced additional funding of $9 million for its Multi-Year Resilience Programme in Iraq. The programme started in 2021, and is delivered by Save the Children. Full statement from ECW: Education Cannot Wait (ECW) announced today [2nd October 2024] a US$9 million cost extension for its highly successful […]
By John Lee. The World Bank has recently published the National Education Strategy for Iraq 2022-2031 or also referred to as Iraq National Education Strategy (INES). Although issued in September 2024, the report covers the period from 2022 to 2031. According to a press release, the new document reflects on current challenges and presents a […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 3rd Oct 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 1,852.7 2.9% 19.2% RSISX USD Index […]
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. Market Rallies as Conflict Escalates The equity market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was up 8.5% in September, […]
By John Lee. Iraq's Cabinet has revised an earlier decision to merge its Agricultural, Industrial and Real Estate Banks. At the start of 2024, the Cabinet approved a contract with UK-based professional services firm Ernst & Young (EY) to study the merger of Industrial Bank, Real Estate Bank, and Agricultural Bank [Agricultural Cooperative Bank?] into […]
By John Lee. As part of its financial reform efforts, Iraq's Cabinet has approved the allocation of 4 billion dinars [$3 million] to the Iraqi Securities Commission for the modernization and maintenance of electronic systems used for stock and bond trading. The project, exempted from standard government contract procedures, will be executed in partnership with […]
By John Lee. Iraq's Cabinet has revised the sale price of asphalt to 450,000 dinars [$343] per ton, up from 350,000 dinars, applicable equally to both public and private sectors. Asphalt from the Qayyarah refinery will remain at 300,000 dinars per ton for all types, with pricing to be reviewed in four months. An 80-percent […]
By John Lee. The United States and Iraq have announced that the Global Coalition to Defeat ISIS will conclude its military mission in Iraq over the next twelve months, and no later than the end of September 2025. In a joint statement, the countries said the Coalition will transition to "bilateral security partnerships in a […]
