By John Lee. In its 42nd regular session, chaired by Prime Minister Mohammed Shia Al-Sudani, the Iraqi Cabinet agreed to increase oil exports to China. In a statement, the cabiniet said the move was to support essential and strategic projects, in alignment with the Iraq-China Framework Agreement. As a result, oil exports to China will […]
By John Lee. The Iraqi Oil Exploration Company recently marked the successful completion of seismic surveys for the two-dimensional Haifa program in the Al-Najaf province. According to the Ministry of Oil, the surveys, conducted by the company, covered extensive areas within record time. This initiative aligns with the Ministry of Oil's plan to conduct seismic […]
By John Lee. The US State Department has said that US citizens should not travel to Iraq. The announcement on Sunday followed recent attacks on Americans in the region. Full statement from US State Department: Updated to reflect the ordered departure of non-emergency U.S. government personnel and eligible family members. Do not travel to Iraq […]
By John Lee. A government delegation, led by the Prime Minister's Energy Advisor, Mr. Faiad Hassan Naima, and the Deputy Minister of Oil for Refining Affairs, Mr. Hameed Younis, visited the Baiji Northern Refinery on Thursday, October 19, 2023. The purpose of this visit was to assess the progress of the rehabilitation and reconstruction project […]
The Italian Agency for Development Cooperation (AICS) is funding a project implemented by the ILO in Iraq's Governorate of Al Muthana to enhance support for private sector development and decent work creation, with a focus on supporting young people to pursue sustainable green businesses and start-ups in Southern Iraq. The ILO held meetings with partners […]
By John Lee. Dubai-based Trelleborg Marine and Infrastructure has reportedly supplying sealing systems to South Korea's Daewoo Engineering & Construction (Daewoo E&C) for the Khor Al Zubair Immersed Tunnel project. According to the company, this is currently the largest immersed tunnel being constructed in the Middle East. It says that Trelleborg's portfolio of sealing systems […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of the new oil well at Zubair oil field in Basra. Well Zubair/607 was drilled to a depth of 3,533 meters in 36 days. This achievement is part of a contract with the Italian company ENI to drill 37 oil wells at […]
The Food and Agriculture Organization (FAO) of the United Nations, in partnership with the Commission for Controlling the Desert Locust in the Central Region (CRC) and the Iraqi Ministry of Agriculture, launched a desert locust management training programme to ensure a rapid and effective response to locust outbreaks. Desert locusts, known as one of the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 19th October 2023). 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 1,435.2 3.6% 57.7% RSISX USD Index 1,411.2 […]
By John Lee. The Prime Minister, Mr. Mohammed Shiaa Al-Sudani, presided over the forty-second regular session of the Cabinet on Tuesday. At the meeting, the Cabinet agreed that the Communications and Media Commission (CMC) will grant an exclusive three-year national license for 5G mobile technology to the Al-Salam State Company, a subsidiary of the Ministry […]
On the 17th of October 2023, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) convened a meeting with a group of investors from the Kurdistan Region. Prime Minister Barzani underscored the KRG's steadfast commitment to advancing the investment sector. He highlighted the cabinet's ongoing efforts to facilitate projects for both local and foreign […]
By John Lee. From September 17 to 21, 2023, Veteffect, RVO and the Dutch Consulate General-agricultural team organized a Horticultural Orientation Mission to the Kurdistan region of Iraq (KRI). Because of urbanization and climate change, protected horticulture offers attractive opportunities for business, food security and jobs in KRI. According to a statement just issued from […]
