Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 30th May 2024). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,778.0 -3.5% 14.4% RSISX USD Index […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for April, but has not disclosed the value of oil exports for the month. This follows an increasing trend of delayed or missing oil export data from the Ministry. Total exports of crude oil: 102,386,818 barrels. Oil fields in central and southern […]
By John Lee. The International Monetary Fund (IMF), International Labour Organization (ILO), and World Bank have issued a detailed report on the reform of Iraq's pension system. The report, titled "Towards an Inclusive, Equitable and Sustainable National Pension System in Iraq", highlighted the following key points: Importance of Pension Systems: Central to social protection. Ensures […]
From the Iraq Britain Business Council (IBBC): Professor Frank Gunter launches a new white paper on de dollarisation of Iraqi economy Professor Frank Gunter publishes a new paper commissioned as part of a series by IBBC's advisory council on the challenges of de-dollarisation for Iraq. The Advisory Council members and IBBC members have actively contributed […]
By John Lee. The Iraqi Ministry of Oil has said it is prioritising the resumption of oil production in Iraqi Kurdistan, and the export of oil through the Iraq-Turkey Pipeline (ITP), "in line with national interests". In a statement on Tuesday, the Ministry said it has invited the Kurdistan Ministry of Natural Resources and international […]
By John Lee. Smart phone sales in Iraq have reportedly grown by 112 percent over the past year. According to research by Singapore-based analysts Canalys, the growth was driven by strong demand for sub-US$200 devices and Chinese vendors offering better color, material and finish (CMF) devices at affordable prices. (Source: Canalys)
By John Lee. The Iraqi Cabinet has approved recommendations from the Ministry of Industry and Minerals (Industrial Development and Regulation Directorate) to impose an additional customs tariff of 50 percent on imported paper bags used for packaging cement. The new measure will come into force after 120 days, and run for four years, during which […]
By John Lee. Qatar has opened a General Consulate in Erbil. At a ceremony to mark the occasion, KRG Prime Minister Masrour Barzani said: "The opening of the Qatari General Consulate will significantly bolster our relations, particularly in trade, agriculture, culture, and higher education. "Qatar has valuable experience in investment, construction, energy, and industry. The […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani has inaugurated the execution of urban development projects in the southwestern area of the Al-Haidari Shrine during his visit to Najaf on this week. The visit is part of his regular provincial tours to oversee services and prioritize infrastructure and economic development projects, emphasizing Najaf's unique significance. […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Ambassador to China announces major educational, trade initiatives Beijing plans to build 8,000 schools throughout Iraq and the Kurdistan Region as part of an oil-for-investment agreement. Click here to read the full article.
By John Lee. The Iraqi Drilling Company (IDC) has launched its largest drilling rig, IDC 57, at the Majnoon oil field. General Manager Khaled Hamza Abbas said the with 3,000-horsepower rig is modern, advanced and capable of drilling wells up to 8,500 meters deep. The technical and engineering teams have started drilling the Yamama appraisal […]
By John Lee. Jordan's Ministry of Energy and Mineral Resources has announced that Iraq has approved a three-month extension of the Memorandum of Understanding (MoU) for supplying oil to Jordan, under the same contractual terms and price. The Director of Jordan's Oil and Natural Gas Directorate, Engineer Iman Awad, stated that Jordan has completed all […]
