From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Traders Shut Markets Across Iraq in Protest Over New Customs Tariffs Widespread strikes erupt in Baghdad, Mosul, Kirkuk, and Basra as merchants warn of soaring prices, collapsing trade, and growing social unrest. Click here […]
By John Lee. A fire that broke out in a compressor unit at the Salah 2 refinery in Baiji has been brought under control, with refinery operations stabilised shortly afterwards. The incident began at approximately 19:45 on Monday, with safety and firefighting teams bringing the fire under control by 20:00. All containment operations were completed […]
By John Lee. Mona Juul has stepped down from her role as Norway's Ambassador to Jordan and Iraq, following discussions with the Ministry of Foreign Affairs and an ongoing investigation into her knowledge of, and contact with, convicted sex offender Jeffrey Epstein. The Ministry had already relieved Juul of her duties while it examines documents […]
By John Lee. General Dynamics Land Systems Inc., Sterling Heights, Michigan, was awarded a $11,994,680 modification (P00014) to contract W56HZV-21-C-0072 for contractor logistics support services to sustain M1A1SA Abrams tanks and M88A1/A2 recovery vehicles. The modification brings the total cumulative face value of the contract to $90,954,439. Work will be performed in Camp Taji, Iraq, […]
By John Lee. The Ministry of Electricity has launched the first phase of its smart transformation and electronic billing project, covering selected areas of Baghdad and several provinces. The Ministry said the areas included in the initial phase were chosen following studies of electricity networks, loads, feeders, and subscriber data. According to a Ministry spokesperson, […]
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. "Equity Market Discounts Regional Tensions" The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), was down 0.9% for the month, on […]
By John Lee. A hematite [haematite, Fe2O3] production project with an annual capacity of approximately 400,000 tonnes has reportedly been inaugurated in Maysan Governorate. According to the state-run Iraqi News Agency (INA), the project was launched by the Military Industrialization Authority, with Ali Mohsen Khudair, Director General of the General Company for Military Industries, saying […]
By John Lee. Al-Furat General Company, a subsidiary of the Ministry of Industry and Minerals, has completed construction of a new environmentally friendly sulphuric [sulfuric] acid production plant using advanced technology and Iraqi expertise. The company's Director General, Ali Qasim Al-Shammari, said the old sulphuric acid plant had been dismantled and replaced with a modern […]
By John Lee. State-run Iraqi News Agency (INA) reports that plans have been announced to develop clean energy power plants in Baghdad, Basra and Nineveh. It quotes the regional director of Shanghai (sic) as saying that the already-announced Nahrawan project in Baghdad will convert 5,000 tonnes of waste per day into 110MW of electricity, with […]
By John Lee. The Ministry of Planning has held a technical meeting to review mechanisms for selecting and evaluating projects and to enhance the efficiency of public investment management. The meeting was chaired by the Undersecretary for Technical Affairs, Dr Maher Hammad Johan, and focused on supporting project selection and evaluation activities in cooperation with […]
By John Lee. The US State Department has approved a possible Foreign Military Sale to Iraq of Contracted Logistical Services for VACIS XPL passenger vehicle scanning systems and related equipment. The estimated total cost is $90 million, and the principal contractor will be Leidos, of Reston, Virginia. Full statement from US State Department: The State […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 5th February 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 2,528.7 -0.2% -1.1% USD-RSISX 2,486.4 -0.2% -1.1% […]
