By John Lee. Moody's has changed its outlook on the Government of Iraq to negative from stable and affirmed the long-term issuer ratings at Caa1. It said: "The change in the outlook to negative reflects rising risks to Iraq's credit profile stemming from the conflict in the Middle East, as risks to energy flows and […]
From the Kurdistan Regional Government (KRG). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. First Phase of the Erbil Green Belt Project Nears Completion As part of ongoing efforts to combat climate change and promote a healthy environment, the Erbil Green Belt Project -- one […]
By John Lee. Gaith Al-Meshreq has won a contract with the United Nations Development Programme (UNDP) for the "Construction and Installation of a Sustainable Rainwater Harvesting System." Ref: 10529306/UNDP-IRQ-02009,1. Contract value is stated as $175,786.54. (Source: UNGM)
By John Lee. Production and export operations at the Garraf [Gharraf] oil field in southern Iraq have been suspended following a force majeure declaration by the Iraqi government, according to Japan Petroleum Exploration (JAPEX). In a statement to the markets on Friday, the company said that there is currently no clear timeline for the resumption […]
By John Lee. Anu for General Trading and Energy Solutions has won a contract with the United Nations Development Programme (UNDP) to "Supply and Install of Solar Energy Systems, Electric Pumps, and Sprinkler Irrigation Systems for Farmers in Basra and Maysan Governorates." Ref: 10530036/UNDP-IRQ-02007-2,1. Contract value is stated as $116,950.08. (Source: UNGM)
By Winthrop Rodgers, for Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Amid US inaction over Iranian fire, will Iraqi Kurds look to Ukraine for defenses? While Washington has failed to heed calls to supply advanced air defenses directly to the Kurdistan […]
By John Lee. The first shipments of Iraqi oil were loaded at Syria's Baniyas [Banias] port on Thursday, marking the launch of a new export route to European markets, according to the State Oil Marketing Organization (SOMO). The development establishes a new Mediterranean outlet for Iraqi oil exports, enabling access to European refineries and consumers. […]
By John Lee. Gaith Al-Meshreq has won a contract with the United Nations Development Programme (UNDP) for "Supply of Operational Inputs and Start-up Technical Support for Al-Hartha Fish Hatchery and Marine Science Center Fish Hatchery, Basrah." Ref: 10529910/UNDP-IRQ-02055. Contract value is stated as $40,503.88. (Source: UNGM)
By John Lee. Iraq's state-owned Rasheed Bank is preparing to facilitate the sale of US dollars to pilgrims ahead of the upcoming Hajj season. The bank has instructed its branches to implement logistical arrangements, including increasing staffing levels, to ensure efficient processing of expected demand. According to the bank, the measures form part of a […]
By John Lee. The Ministry of Construction, Housing, and Municipalities has opened the Sayyid Mohammed Mohammed Sadiq Al-Sadr Bridge in Diwaniyah, improving connectivity and traffic flow within the city. The bridge, inaugurated by the Director General of Roads and Bridges Hussein Jassim Kadhim in the presence of Diwaniyah Governor Abbas Al-Zamili, has a total length […]
By John Lee. Iraq's Building Research Directorate, has signed a memorandum of cooperation with the Iraqi Engineers Union (IEU) to strengthen collaboration across the engineering sector. The agreement was signed by Director General Hussein Faraj Al-Hassnawi and Engineers Union President Dhulfiqar Houshi, focusing on expanding joint work in research, training, and knowledge exchange. Key areas of […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 16th April 2026. Please click here to view a table of listed companies and their associated ticker codes. Rabee Securities' Market Indexes Change - Weekly Index Code Closings Change (w/w) (%) Change (YTD) (%) IQD-RSISX 2,755.5 -0.1% 7.8% USD-RSISX 2,709.4 -0.1% 7.8% […]
