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. […]
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 […]
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 […]
By Dr. Ali Abdul Rahim Al-Aboudi, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Liquidity crisis and expenditure financing: Does the lack of dinar liquidity pose a serious threat to the Iraqi economy? The national currency […]
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. "A Ho-hum Month, Ahead of Elections" The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), was up 0.6% for the month, […]
By John Lee. Ukrzemresurs LLC, a Ukrainian gas producer and operator of the Akkas gas field in Iraq since 24 April 2024, has announced that it has filed a claim with the International Court of Arbitration of the International Chamber of Commerce (ICC) to protect its rights as operator and investor under the Gas Development […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Battle for Green Space: Urbanization and Climate Change Threaten Iraq's Cities According to Iraqi environmental organizations, the greenness rate in Baghdad has plummeted to just 4.5%. Click here to read the full article.
By John Lee. Bab Al Karama Company has won a contract with the United Nations Office for Project Services (UNOPS) for "Construction of Fence for 40 Category IV Housing Units in Sinjar, Iraq" Reference: RFQ/2025/59450. The contract value was stated as $227,130. (Source: UNGM)
By John Lee. UNHCR Iraq has published a review of its access to health services for refugees in Iraq from 2022 to 2025. According to the overview: Construction and upgrade of public health facilities across the Kurdistan Region of Iraq at a value of USD 3 million. This included: Construction of 4 new primary healthcare […]
By Raad Alkadiri for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. US energy firms are returning to Iraq -- but politics could undo their fortunes US firms are back in Iraq. Whether their outlook is as propitious a year […]
By John Lee. KRG Prime Minister Masrour Barzani recently opened the Megal Project in Erbil -- a $100 million private-sector investment in agriculture, livestock, and the food industry. The project spans 366 acres and includes a slaughterhouse, shopping centre, animal control and wastewater treatment facility, waste incineration unit, and landscaped areas - all designed to […]
By John Lee. As part of efforts to strengthen academic and research collaboration, Baghdad University received Dr. Masoud Tajrishi, President of Iran's Sanati Sharif University, and his accompanying delegation. The visit aimed to enhance mutual cooperation and develop scientific partnerships between the two institutions. The visiting delegation was welcomed by Professor Dr. Baha Ibrahim Insaf, […]
