From Five One Labs: Five One Invest Launches Its First Annual "State of Investments in Iraq" Report Five One Invest, an initiative of Five One Labs, launches its first annual "State of Investments in Iraq" report to uncover bottlenecks and identify opportunities within Iraq's investment landscape. Over the past five years, Iraqi startup founders have […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 4th July 2024). Note: ISX will be closed on July 7, 2024 (Sunday) due to the national holiday (First day of the Islamic New Year). The next trading session will be held on July 8, 2024 (Monday). Please click here to view […]
The Embassy of Japan in Iraq, Ninewa Governorate, and UN-Habitat have laid the foundation stone for a new social housing project for returnees in Mosul. Following the high-level Round Table Meeting with key stakeholders, including Ambassador Futoshi Matsumoto and Governor Abdulqadir al-Dakhil, the foundation stone for the Japan Village Project was laid in Mosul. The […]
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. An Unfolding Structural Economic Transformation The equity market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was down 1.7% in June […]
By John Lee. Iraq's Council of Ministers (Cabinet) has approved the General Company for Airports and Air Navigation to cover expenses for feeding workers and providing living, technical, and medical supplies for K9 teams. This also includes maintenance costs for sonar equipment and baggage inspection devices for one month. According to a statement from the […]
By John Lee. Iraq's Ministerial Council for Economy has approved recommendation 24172 Q, which includes the approval of the Coordinating Committee's meeting minutes. This decision exempts fertiliser contracts from the contracting methods stipulated in the Government Contracts Execution Instructions (2 of 2014) and the Federal General Budget Facilitation Instructions for 2023-2025. The exemption pertains to […]
By John Lee. Iraq's Council of Ministers (Cabinet) has approved an increase in financial allocations for the Ministry of Electricity, amounting to 300 billion dinars [$229 mllion] from the operational budget to cover the following projects: 125 Billion Dinars: For urgent plan projects to alleviate distribution sector bottlenecks, including critical projects, feeders, and substation rehabilitation, […]
By John Lee. Angola's Sonangol has signed a contract with the Iraqi Oil Exploration Company to carry out a 3D seismic survey of its Qayara [Qayarrah] oil field in Nineveh Province. The Ministry's Undersecretary for Extraction Affairs, Bassem Mohammed Khudair, said: "This contract aligns with our strategic vision for the oil sector by involving national […]
From Amnesty International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Daunting and Dire: Impunity, Underfunded Institutions Undermine Protection of Women and Girls From Domestic Violence in the Kurdistan Region of Iraq The Kurdistan Region of Iraq's (KR-I) authorities are failing to ensure that […]
By John Lee. Malaysia's HSS Engineering Berhad (HEB) has signed a contract with the Mayoralty of Baghdad for the provision of Project Management Consultancy and Supervision Services for the Baghdad Metro Project. The contract is due to start this month, with a estimated completion date of May 2029. Estimated fees are almost $316 million. Statement […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani announced the launch of several projects aimed at developing the city of Adhamiya in Baghdad, during his visit on Saturday. These projects span various sectors, including traffic management, urban services, electricity, education, healthcare, and heritage conservation. Key initiatives include: Traffic Alleviation: Construction of a new bridge connecting […]
By John Lee. Iraq's Oil Ministry has signed a contract with China's Geo-Jade Petroleum for a 2D and 3D seismic survey of the Naft Khana oil block in Diyala Province. According to a statement from the Ministry, the signing ceremony took place at the Ministry's headquarters on Sunday. The Ministry's Extraction Affairs Deputy, Bassem Mohammed […]
