By John Lee. Iraq has imposed an extra 60-percent customs duty on imported carpets and rugs (customs codes 57023230 and 57023210) from all countries and sources. This tariff will remain in effect for four years without any reductions, and it will also include monitoring of the local market during this period. According to a statement […]
By David S Cloud, for the Wall Street Journal. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Cracks Down on Dollar Smuggling Under Pressure From U.S. Washington aims to stop the flow of dollars to Iran. Click here to read the full article […]
By Yerevan Saeed for the Arab Gulf States Institute in Washington (AGSIW). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq and Egypt Boost Diplomacy, but GCC Remains the Linchpin Increasing diplomatic engagements between Iraq and Egypt are helping to advance a more ambitious […]
Iraq eliminates trachoma as a public health problem The World Health Organization (WHO) congratulates Iraq for having eliminated trachoma as a public health problem, making it the fifth country in WHO's Eastern Mediterranean Region to achieve this milestone. "The success of Iraq's national trachoma programme has shown what can be achieved with national leadership and […]
By Hussein Ali Alzoubi, for Fanack.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: Drought Threatens Marshes Iraq drought caused by natural, administrative and political factors prompted the Iraqis living near the marshes to migrate from their areas. Click here to download 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. Market Rallies as it Begins to Discount the Budget's Passage The market, as measured by the Rabee Securities RSISX USD Index, was up 9.2% in June and […]
By John Lee. The United Nations Assistance Mission for Iraq (UNAMI) has awarded a contract for the rental of fully serviced interim accommodation and office facilities for UNAMI in Basra. It was awared to Sumer For Real Investments Ltd (doing business as Basra International Hotel), and will run for three years, from 1st August 2023 […]
By John Lee. An Iraqi government spokesman has said that Iraq is considering reviving plans to use an oil export pipeline through Syria. Following Prime Minister Muhammad Shia'a Al-Sudani's visit to the country last month, Basem Al-Awadi told the state-owned Iraqi News Agency (INA) that Iraq is ready to discuss with Syria the development of […]
By John Lee. Genel Energy has issued a presentation relating to its half-year results to the end of June. Click here to download. (Source: Genel Energy)
By John Lee. Fitch Ratings has placed Iraq's Sumer Commercial Bank PSC's (SCB) Long- and Short-Term Issuer Default Ratings (IDRs) of 'CCC+' and 'C', respectively, and Viability Rating (VR) of 'ccc+' on Rating Watch Negative (RWN). It says the recent ban that prohibits SCB from dealing in US dollars restricts the bank's capacity to repay […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd August 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 1,112.5 -0.8% 22.2% RSISX USD Index 1,093.8 […]
By John Lee. In an effort to address the water scarcity crisis and expedite the implementation of a seawater desalination plant project in Basra province, the Iraqi Cabinet has made the following decisions: Amendment to Previous Decision: The Cabinet has revised the resolution made in 2021 under Cabinet Decision No. 315. Project Transfer: The Ministry […]
