Tag Archives | featured

Greece to Launch First Direct EU Flights to Baghdad

By John Lee. Greek Minister of Foreign Affairs George Gerapetritis met recently in Baghdad with Iraq's Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, where they discussed ways to enhance cooperation across a wide range of sectors including trade, investment, energy, academia, tourism, agriculture, construction, and water management. Minister Gerapetritis highlighted Iraq as […]

Rafeel Economic City Project: PM meets Talaat Moustafa Group

By John Lee. Prime Minister Mohammed Shia Al-Sudani on Monday received Mr. Hisham Talaat Moustafa, Chairman of Egypt's Talaat Moustafa Group (TMG) along with his accompanying delegation. The meeting was attended by the Chairman of the National Investment Commission (NIC) and the Saudi Ambassador to Iraq. The discussions focused on the Al-Rafeel [Rafael] Economic City […]

Meeting on Progress of Baghdad Metro Project

By John Lee. Prime Minister Mohammed Shia Al-Sudani on Sunday chaired a meeting to follow up on the latest measures and steps taken regarding the implementation of the Baghdad Metro project. The meeting was attended by the Mayor of Baghdad, the head of the Iraq Development Fund, a number of advisers, representatives of diplomatic missions, […]

Top 10 Dinar Articles from October

The following were the ten most read dinar-related articles on Iraq Business News for the month of October: Stability of the Iraqi Dinar Exchange Rate: CBI Paper The Iraqi Dinar Revaluation Deception: 10 Persistent False Claims Exposed Donald Trump and the "Great Iraqi Dinar Revaluation" Dinar RV: Will Iraqi Election Speed the Process? Iraqi Dinar […]

$86m Water and Infrastructure Projects in Diwaniyah

By John Lee. Prime Minister Mohammed Shia Al-Sudani on Saturday laid the foundations of three integrated water and infrastructure projects in the districts of Al-Shafiya, Nafar, and Al-Salahiya in Al-Diwaniyah province. The projects, covering wastewater, stormwater, transmission lines, and pumping and treatment stations, have a total cost of approximately 114 billion Iraqi dinars (about USD […]

Turkey "to Play Key Role in Iraq's Reconstruction"

By John Lee. Turkey's Minister of Trade, Prof. Dr. Omer Bolat, has affirmed that Turkey will assume a key role in Iraq's reconstruction, supported by the experience of Turkish contractors who have completed projects worth $36.6 billion in the country. Speaking in Baghdad at the Iraq General Trade and Contracting Delegation Meeting -- organised by […]

Iraqis "Hoarding Trillions of Dinars"

From Shafaq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqis hoard trillions of dinars, weakening banks Nearly 90 trillion dinars ($69 billion) -- 92% of Iraq's 98 trillion-dinar money supply -- remain outside the banking system, former Central Bank of Iraq (CBI) official […]

Iraq, Turkey sign Water Cooperation Agreement

By John Lee. Prime Minister Mohammed Shia Al-Sudani on Sunday presided over the signing ceremony of the implementation mechanism for the framework cooperation agreement between Iraq and Turkey in the field of water. The agreement was signed by Iraq's Foreign Minister Fuad Hussein and Turkish Foreign Minister Hakan Fidan. Prime Minister Al-Sudani stated that the […]

Genel Energy Chair Retires

By John Lee. Genel Energy has announced that, following a period of ill health, David McManus has decided to retire as Chair and is stepping down from the Board with immediate effect. Canan Ediboğlu, Senior Independent Non-Executive Director, has been appointed as interim Chair until the search for a permanent Chair is completed. Yetik K. […]

Rabee Securities Launches New Iraqi Market Indices

By John Lee. Rabee Securities (RS) has announced the launch of two new market indices designed to broaden investment perspectives and enhance sector-focused analysis within the Iraqi market. 1. RS Iraq Halal Companies Index (RSIHX) The RSIHX is a price return index that tracks the performance of companies operating in accordance with Islamic principles. The […]

New Oil Processing Facilities Opened at West Qurna-1 Field

By John Lee. Deputy Prime Minister for Energy Affairs and Minister of Oil, Engineer Hayan Abdul Ghani Al-Sawad, inaugurated on Sunday the OT2 and OT3 oil processing facilities at the West Qurna-1 field, with a combined capacity of 210,000 barrels per day. The Minister explained that the project includes the construction of two new crude […]