By John Lee. Prime Minister Mohamed Shia Al-Sudani visited the National Investment Commission (NIC) on Monday to meet officials and be briefed on its activities, progress, and challenges. He cited a lack of investment vision as one of the major obstacles to developing investment. Al-Sudani also directed the NIC to follow up the state's import […]
U.S. Ambassador to Iraq Alina Romanowski's Remarks Virtual Roundtable Discussion with the U.S.-Iraq Business Council January 31, 2023 I am pleased to meet with members of the U.S.-Iraq Business Council. You represent some of the finest companies in the United States, and some of you know Iraq very well. Let me begin by providing a […]
By John Lee. The National Iranian South Oil Company (NISOC) has signed a memorandum of cooperation with Basra Oil Company (BOC). Alireza Daneshi, NISOC CEO, said: "This document paves the way for enhancing cooperation between Iran and Iraq in the field of oil and it is a good opportunity to strengthen the relationship between the […]
By John Lee. Prime Minister Mohamed Shia Al-Sudani met on Thursday evening in Abu Dhabi with a number of Emirati businessmen and heads of prominent companies, on the sidelines of his official visit to the United Arab Emirates. The meeting included a review of the available prospects for investment and economic cooperation with Iraq, and […]
By John Lee. The Office of Security Cooperation-Iraq (OSC-I) at the U.S. Embassy in Baghdad has been working with the Iraqi Ministry of Defense to convert the entire fleet of the Iraqi Army Aviation Command (IqAAC) to U.S.-produced aircraft in order to simplify parts acquisition, maintenance, and training. This quarter, the U.S. Central Command (USCENTCOM) […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully drilled a new oil well in the Zubair oil field at a depth of 2,472 meters. The well is the 14th of 37 to be drilled at the field as part of a contract with the Italian company ENI, in cooperation with Schlumberger. This is […]
By John Lee. Iraq's Minister of Industry and Minerals, Professor Dr. Eng. Khaled Battal Al-Najm, met with the French Ambassador to Iraq, Mr. Eric Chevalier, on February 7, 2023, in the presence of a representative from the Iraqi Ministry of Foreign Affairs. The Minister expressed his desire to enhance cooperation with France in various industrial […]
Iraq Reform, Recovery and Reconstruction Fund I3RF : Trust Fund Annual Progress Report to Development Partners 2022 The Iraq Reform, Recovery and Reconstruction Fund (I3RF) was founded in partnership with the Government of Iraq in 2018 and is funded by Canada, Germany, Sweden and the United Kingdom.The Trust Fund provides a platform for financing and […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th 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 925.1 -2.3% 1.6% RSISX USD Index 811.3 […]
UNDP and Government of Iraq hold strategic planning workshop on reintegration in Iraq Led by the Government of Iraq, the United Nations Development Programme Iraq (UNDP), and the Global Community Engagement and Resilience Fund, a three-day workshop has brought together experts and practitioners on reintegration in addition to representatives from government, academia, civil society, and […]
By John Lee. Iraq's Council of Ministers has approved the recommendation of the Economic Energy Council to sign contracts for the fifth energy licensing round. According to a government statement, the fifth-round projects had been suspended for four years due to "a complaint about the correctness of the procedures." It adds that, "after this file […]
By John Lee. Iraq's giant Nibras (Nebras) petrochemical project looks set to be revived, according to a statement from the Iraqi government. The Cabinet made a number of decisions relating to the project this week, including: Setting the price of the gas used to operate the project at 1.5 dollars per million British thermal units […]
