By John Lee. Swedish telecoms company Ericsson has said it is reviewing its investigation into past compliance concerns in Iraq. In a press release, the company said: "Ericsson (NASDAQ: ERIC) has received questions from media regarding past compliance related matters in Iraq. It appears media will focus on the conduct of business in unstable regions […]
By John Lee. Iraq has fallen to a new low in the Economist Intelligence Unit's annual Democracy Index. Ranking joint 116th out of 167 countries, along with Mozambique, Iraq is classified as "authoritarian". The score is Iraq's lowest since the Index was created in 2006. Within the Middle East region, Iraq ranks 9th out of […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the iews of Iraq Business News. Will Iraq overcome its pollution crisis? Iraq is the tenth most polluted country in the world by some estimates. The poor air quality in Iraq is the result of vehicle emissions, war-induced pollution, […]
Disaster Risk Reduction Standard Operating Procedures Crucial to Address Vulnerability in Iraq: IOM Iraq is at risk of multiple natural and man-made hazards, like droughts, desertification, earthquakes and floods. Conflict-affected communities, including displaced populations, are particularly vulnerable to these disasters. From January 29-30, the International Organization for Migration (IOM) hosted a workshop for senior government […]
By John Lee. The Ministry of Finance is to provide financing of 28.2 billion dinars ($19.3) to build a 95-km long coastal road along the Shatt al-Arab waterway. The plan was approved at this week's cabinet meeting, chaired by Prime Minister Mustafa Al-Kadhimi. According to the Cabinet Spokesperson, the Minister of Culture Hassan Nadhem, the […]
DNO ASA, the Norwegian oil and gas operator, today reported record revenues exceeding USD 1 billion in 2021, up 63 percent from a year earlier, on the back of high oil and gas prices and solid production performance. Annual operating profit climbed to USD 321 million, reversing operating loss of USD 315 million in 2020. […]
Rabee Securities is hosting a 3-day event at the Iraq Pavilion at EXPO 2020 to showcase Iraq's top technology start-ups. From 7-9 March, presentations will be given by Iraq's most promising entrepreneurs and interested parties will have the opportunity to meet them one-on-one. The lineup of start-ups scheduled to attend include Miswag, Iraq's largest e-commerce […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th Febuary 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD953 (-1.0%) / $836 (-1.0%) (weekly change) (+3.8 % and +3.8% YTD change, respectively). The number of week […]
Basra Gas Company (BGC) has handed over the fully-furnished AlRaha school to the Directorate of Education in Basrah. The school was a gift from BGC to the community, to replace an old school that was built years ago near the gas pipelines. BGC also provided a temporary school until the permanent school was completed to […]
By John Lee. Three Egyptian construction companies are poised to win major contracts for housing projects in Iraq. In an interview with Egypt's Al-Dustour news service, Jaber Al-Hassani, Undersecretary of the Iraqi Ministry of Housing, said Iraq intends to sign contracts this month with three companies nominated by the Egyptian Ministry of Housing; one will […]
By John Lee. Iraq's General Customs Authority has announced that Iraq has made its first export of sulfur (sulphur). The 4,540-ton shipment was sent by ship to India earlier this week. Sulfur is used in many applications including fertilisers and pharmaceuticals. (Source: Ministry of Finance)
The Governing Council of the United Nations Compensation Commission held a special session on Wednesday under the Presidency of Ireland to mark the fulfillment of the Commission's mandate. Delegations from Iraq and Kuwait addressed the Council at the opening plenary meeting. Almost 31 years ago, the Commission was established in Geneva as a subsidiary organ […]
