Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th February 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 936.4 1.2% 2.9% RSISX USD Index 791.8 […]
By John Lee. The Industrial Cities Authority, affiliated to the Ministry of Industry and Minerals, held a meeting with the South Korean company TRAC Development Group to discuss establishment of an industrial city in Habbaniyah. Both sides sought to enhance communication and exchange of experiences with countries that are capable of managing industrial cities. The […]
By John Lee. Iraq maintains its credit rating at -B/B with a stable outlook, and an emphasis on financial and economic stability, according to a report from Standard & Poor's. The Ministry of Finance says the new classification was a reflection of the policy of continuous economic and financial reforms pursued by the Ministry, in […]
Multi-stakeholder meeting focuses on the extension of social security to Iraq's farm workers Farm owners, representatives of the farmers' association union, government officials, local Civil Society Organizations, academics and others joined a debate on the extension of social security in Iraq's agricultural sector, organised by the ILO with the support of the European Union. With […]
KRG delegation meets with Iraqi Commission of Border Crossing Points A Kurdistan Region Government (KRG) delegation on Monday discussed ways of reorganizing tariffs with authorities from the Iraqi Commission of Border Crossing Points. The KRG delegation consisted of spokesman Dr. Jutiar Adel, advisor at the ministry of interior Dr. Sami Jalal, and deputy general manager […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, has announced that the final signing of contracts for the fifth round of energy licences will take place next week. These contracts relate to the development and production of six fields and exploratory blocks in border areas, which were granted to the following companies: Development blocks: […]
By John Lee. The Prime Minister of Iraq, Mohamed Shia Al-Sudani, has presided over the signing of a memorandum of understanding (MoU) with the American company General Electric (GE). The memorandum covers areas such as production, efficiency, transportation, maintenance, staff training, and reducing carbon emissions. It also includes long-term maintenance works for a period of […]
Building on the momentum created by the Gulf Cup, the Iraq Britain Business Council (IBBC) Managing Director, Christophe Michels visited Kuwait and Basrah to discuss the strengthening of business partnership between Kuwaiti and Basrawi businesses. Joined by IBBC Founder Member, Sara Akbar, meetings were held with the Kuwaiti Chamber of Commerce, the Iraqi Ambassador to […]
By John Lee. Mobile phone service Asiacell has reported an increase in customers and data traffic, but a drop EBITDA. In its financial results for the year ended 31 December 2022, parent company Ooredoo said: "Asiacell reported solid Revenue for the year 2022, reaching a total of QAR 3.7 billion. However, the EBITDA saw a […]
By John Lee. Iraq's Ministry of Construction, Housing and Public Municipalities has announced the completion of the Arar-Anaza road project. The project was overseen by the Roads and Bridges Department of the Ministry and executed by the Ashur General Company for Construction Contracting. This 29-km road, with a width of 6.3 meters, was completed at […]
President Nechirvan Barzani welcomes new Japanese Ambassador President Nechirvan Barzani received the incoming Japanese Ambassador to Iraq, Mr. Futoshi Matsumoto, in Erbil on Wednesday. The meeting focused on the relations of Iraq and the Kurdistan Region with Japan, and ways to further strengthen bilateral ties. President Nechirvan Barzani congratulated Ambassador Futoshi on assuming the office […]
The International Development Bank (IDB) has joined the Iraq Britain Business Council (IBBC) and adds momentum to the Iraqi financial services group at the Council. The International Development Bank now has the largest banking network in Iraq, with over 250 ATM machines and 5,000 selling points, as well as a massive IT infrastructure to provide […]
