By John Lee. Iraq's Council of Ministers has approved measures to expedite the construction of the new railway connection between Basra and the Iranian city of Shalamcheh. The approved actions include facilitating the transfer of land ownership to the Ministry of Transportation, ensuring necessary facilities are provided. Additionally, the General Company for Iraqi Railways, under […]
By John Lee. At a meeting on Thursday between Iraqi President Abdullatif Jamal Rashid and Minister of Foreign Affairs Jan Lipavsky of the Czech Republic, President Rashid expressed hope that Czech companies would contribute to important investment projects and collaborate with Iraqi companies. Minister Lipavsky emphasized the eagerness of Czech businesses to invest in Iraq. […]
By John Lee. The Iraqi Ministry of Industry and Minerals has been hit by a financial scandal with the disappearance of 120 billion dinars [$92 million] from one of its companies. An Investigation and Control Division's official, who recently moved to the General Company for the Automotive and Equipment Industry in Iskandariya [Alexandria], in Babil […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th May 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 1,012.2 -0.6% 11.2% RSISX USD Index 995.2 […]
The Iraqi Prime Minister, His Excellency Mohammed Shiaa Al-Sudani, officially launched Iraq's National Population Policy in Baghdad on 17 May. The occasion coincided with the annual conference of the Arab League's Council for Population and Development, which was hosted by the Government of Iraq in Baghdad, with support from the United Nations Population Fund (UNFPA). […]
By John Lee. [Correction: After publication, the Oil Ministry issued a "clarification", stating that Aramco is merely "studying cooperation mechanisms" with regard to Akkas.] Iraq's Minister of Oil has announced an agreement with Saudi Aramco to invest in the development of the Akkas gas field in Anbar province. During his participation in the Iraqi-Saudi Coordination […]
By John Lee. The UN Secretary General's special representative for Iraq has expressed concern over the infighting between the main political parties in Iraqi Kurdistan. In a statement on Twitter, Jeanine Hennis-Plasschaert said: "Ongoing political infighting in KRI is very disturbing. "Once again, we call on all parties to work in the interest of all […]
By John Lee. Spain has taken over command of NATO Mission Iraq from Italy, at a change of command ceremony in Baghdad on Wednesday. Full statement from NATO: Lieutenant General José Antonio Agüero Martínez of Spain assumed command of NATO Mission Iraq on Wednesday (24 May 2023) at a change of command ceremony in Baghdad. […]
By John Lee. An advisor to the Iraqi Prime Minister has criticised immigration to the country. Mudhar Muhammad Salih told the state-run Iraqi News Agency (INA) that foreign workers transfer $600 million annually out of Iraq, and work in sectors with "limited productivity", while unemployment in Iraq is 16 percent of the total workforce. He […]
By John Lee. The Iraqi Drilling Company (IDC) has signed a partnership contract with the American company Air Drilling Solutions. Few details were given, but a statement from the Ministry of Oil said the intention was to, "keep pace with the industrial and technological development in the oil industry sector, in addition to training and […]
By Amir al-Kaabi and Michael Knights for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kataib Hezbollah's Escalating Feud with the Iraqi Security Forces Since the Coordination Framework appointed Mohammed Shia al-Sudani as their "general manager" of […]
By Zaid Al-Ali and Ahmed Tabaqchali, for 1001 Iraqi Thoughts. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Commentary: Iraq v Turkey International Chamber of Commerce Final Award (13 February 2023) On 23 May 2014, the Republic of Iraq ("Iraq") commenced arbitral proceedings against […]
