By Basima Abdulrahman, Rania Baker and Ahmed Tabaqchali, 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. Iraq Economic Review: Iraq's Industrial Sector | Green Building | Ukraine […]
Ahead of Friday's 2022 Annual General Meeting ("AGM"), Gulf Keystone Petroleum (GKP), provided an operational and corporate update. Shares in the company closed down 4.4 percent. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "Following a year of strong operational and financial performance in 2021, our leverage to the oil price, low-cost production base and […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 23rd June 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD970 (-1.1%) / $847 (-1.3%) (weekly change) (+5.7% and +5.2% YTD change, respectively). The number of week traded […]
On the 20th June, Sheikh Mohammed Alkhouzai, Iraqi Prime Ministerial candidate, attended meetings in London to discuss the current social pressures and political issues in Iraq. Sheikh Mohammed met with the Hon Matthew Offord MP, the Chairman of the United Kingdom Parliament's All Party Parliamentary Group on the Republic of Iraq at the Palace of […]
By John Lee. Basrah Gas Company (BGC) has exported its first semi-refrigerated liquefied petroleum gas (LPG) shipment from Umm Qasr jetty. The General Manager of BGC, Malcolm Mays, said the export of the first shipment of semi-refrigerated liquid gas is a great and historical achievement for Basra Gas Company, noting that this came as a […]
By John Lee. Iraq's Minister of Finance has directed the Agricultural Cooperative Bank to postpone the payment of debts owed by farmers for a period of two years. Dr. Ali Allawi (pictured) said: "Based on Article Thirteen of the Food Security Law, it was decided to postpone for a period of two years the collection […]
By John Lee. Prime Minister Mustafa al-Kadhimi, in his role as Commander-in-Chief of the Armed Forces, has been presented with the first pistol to be produced by Iraq's Defence Industries Commission (Military Industrialization Authority). The 'Babel' handgun was presented by the Commission's President, Mohamed Sahib Al Daraji, to the Prime Minister on the sidelines of […]
KRI's anti-corruption agenda strengthened under new agreement with Commission of Integrity The United Nations Development Programme (UNDP) and the Kurdistan Region of Iraq's (KRI) Commission of Integrity (CoI) have today renewed a Memorandum of Understanding (MoU) to strengthen KRI's legislative and strategic anti-corruption frameworks and to enhance, the investigative capacity of it in line with […]
By John Lee. Medicinal and pharmaceutical products was the biggest category of goods exported from the UK to Iraq in the four quarters to the end of Q4 2021. According to a report issued by the UK's Department of International Trade (DIT), the sector accounted for exports of £87.2 million, which was 24.2 percent of […]
On World Day to Combat Desertification and Drought, UN and NGOs call for action to support Iraq in managing water and adapting to climate change As Iraq confronts multiple challenges caused and exacerbated by climate change, including prolonged heat waves, declining precipitation, loss of fertile land, salinisation, insufficient infrastructure investments, transboundary water shortages and a […]
By Yesar Al-Maleki, for The Middle East Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq once again leaps into the void, but not before political elites secure funding For Iraqis, two key events last week will shape the rest of this […]
By John Lee. Prime Minister Mustafa al-Kadhimi has laid the foundation stone for the project to build 1,000 schools across Iraq. The schools will be built with support from the People's Republic of China.. Contracts for the project were signed last December with the Power Construction Corporation of China (PowerChina) and Sinotech. (Source: Media Office […]
