By John Lee. Wizz Air Abu Dhabi has reportedly inaugurated its first flight from Abu Dhabi to Erbil today (Friday 6th October). According to WAM, the flights operate on Monday and Friday, with the national airline flying to more than 40 destinations from Abu Dhabi. The company reported on Monday that it has added a […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th 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 1,424.9 0.8% 56.5% RSISX USD Index 1,401.1 […]
By John Lee. Dr. Qahtan Taha Khalf, the Ambassador of the Republic of Iraq in Moscow, met with Alexey Repik, the President of Business Russia, on Tuesday. Business Russia describes itself as "an All-Russia Public Organization which represents the interests of private non-resource businesses - local industry leaders." During the meeting, they discussed ways to […]
By Maha Yassin for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Scaling Up Iraq's Energy Transition: Is Now the Right Time? Iraq is expected to experience a […]
By John Lee. In its 40th regular session, chaired by Prime Minister Mohammed Shia Al-Sudani, the Iraqi Cabinet agreed to increase the capital of the Agricultural Cooperative Bank by nearly 30 percent. The increase, totaling IQD 29,476,500,000 [$22.6 million], will be added to the bank's current capital of IQD 100,600,000,000. In a statement, the Media […]
By Julianne Geiger for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Oil Tensions Mount As Iraq Contradicts Turkey's Export Claims While Turkey said on Monday that Iraqi oil exports would resume this week through a stalled oil pipeline, Iraq is saying […]
By John Lee. The industry group representing international oil companies (IOCs) in Iraqi Kurdistan has said that its member companies won't be able to produce oil for pipeline exports until there is clarity on how IOCs will be paid for past and future oil sales, as they are currently owed nearly $1 billion in unpaid […]
By Dashti Adil for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan's Electricity Crisis: Challenges and Sustainable Solutions KRG policymakers must embrace solutions that both expand […]
The Government of Sweden contributed an additional 10 million Swedish Krona (SEK) (USD 898,133.84) to the United Nations Mine Action Service (UNMAS) in support of the humanitarian mine action sector endeavors to reduce the risks of explosive ordnance contamination and protect the lives of vulnerable communities in Iraq. Since UNMAS programme inception in 2015, the […]
Addressing Food Loss and Waste for a Sustainable Iraq On the International Day of Awareness of Food Loss and Waste (IDAFLW), the Food and Agriculture Organization of the United Nations (FAO) and the United Nations World Food Programme (WFP) come together with a renewed commitment to tackle a pressing global challenge: food loss and waste. […]
By John Lee. Turkey's Energy Minister has said that the Iraq-Turkey pipeline (ITP), which has been out of operation since a court ruling in March, will be re-started this week. Alparslan Bayraktar confirmed on X (formerly Twitter) on Monday: "The oil pipeline, which was damaged in the devastating earthquake in February and the subsequent flood, […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for September: Total exports of crude oil: 103,143,199 barrels. Revenues from crude oil exports: $9.494 billion, the highest since August 2022. Oil fields in central and southern Iraq accounted for 102,220,441 barrels of crude oil exports. Exports from Kirkuk through the port of […]
