By John Lee. Prime Minister Mohammed S. Al-Sudani has launched the first package of service projects to reduce traffic jams in the capital Baghdad which is the first of its kind. This launch came during his visit to the Ministry of Construction Housing Municipalities and Public Works. His Excellency stressed that these projects are part […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd March 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Return RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 942.2 -0.9% 3.5% RSISX USD Index 926.5 […]
By John Lee. Iraq's Council of Ministers has approved the following recommendations for importing urea and DAP (di-ammonium phosphate) fertilizers: Cancel import licenses for urea and DAP fertilizers. Allow private and mixed-sector companies, licensed agricultural offices, and the General Union of Agricultural Associations to import urea and DAP fertilizers without an import license. Allow entry […]
By John Lee. KRG President Nechirvan Barzani met with the Russian Ambassador to Iraq, Mr. Elbrus Kutrashev and his accompanying delegation in Erbil this week. The meeting discussed the political and economic developments in Iraq, Erbil-Baghdad relations and the ongoing negotiations to resolve their differences. The two sides also exchanged views on Russia's bilateral relations […]
Guterres stresses UN commitment to Iraq during first visit in 6 years The Secretary-General of the UN, António Guterres, is in Iraq for the first time in six years, expressing support for the country's people, the new Government and its ambitious reform agenda. "I am here in a visit of solidarity to underscore the commitment […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for February: Revenues achieved: 7.081 billion dollars Total exported quantities of crude oil: 92,255,610 barrels Exported quantities from central and southern Iraq: 89,140,448 barrels Exported quantities from Kirkuk through Ceyhan port: 2,834,393 barrels Average daily quantities exported: 3.295 million barrels per day, slightly […]
By John Lee. A delegation from Power China visited the Ministry of Transport and the General Railway Company earlier this week to discuss their proposals regarding the train sector. The Director General of Railways, Eng. Younes Khaled Jawad, stated that the meeting involved a discussion on Power China's offers for the manufacturing of trains and […]
By John Lee. UK-based pump maker Amarinth has won another order from Iraq Gates Contracting Company (IGCC), this time for two bespoke API 610 12th Edition VS4 vertical pumps for the Rumaila oil field in Iraq. The 3.5m long flare drain pumps are destined for the Rumaila oil field, a super-giant oil field located 50km […]
By John Lee. Prime Minister Mr. Mohammed S. Al-Sudani received a delegation from the international electronic payment company Visa Inc., led by the company's Regional President for Central and Eastern Europe, Middle East and Africa, Andrew Torre. During the meeting, His Excellency expressed the government's determination to implement reform and move forward with plans for […]
By John Lee. The Prime Minister of Iraq has stopped the granting of investment licenses for the Al Rafeel [Rafael] City project until inventory, inspection, survey, and land identification actions are completed. Al Rafeel City is planned to cover 10,600 acres close to Baghdad International Airport (BIAP). The Chairman of Iraq's National Investment Commission (NIC), […]
By John Lee. Texas-based law firm Vinson and Elkins has received more than $2.6 million for its role as legal advisor to Iraq's Ministry of Oil in the United States. According to documents filed under the US's Foreign Agents Registration Act (FARA), the sum relates to the six-month period to the end of January. The […]
By John Lee. KRG President, Masrour Barzani, has agreed to allocate 2.878 billion Iraqi dinars [$2 million] to help relieve the effects of drought in Erbil governorate. The funds will be used to dig 40 wells to provide drinking water in the province. (Source: KRG)
