By John Lee. Iraq's Ministry of Oil has signed a Heads of Agreement (HoA) with the Chinese company Geo-Jade and the Iraqi company Crescent Basra (Hilal al-Basra) to invest in the integrated development project at the Tuba field, in the Zubair district of Basra. According to a statement from the Ministry, the project would have […]
By John Lee. The Iraqi Cabinet has approved the conversion of the Al-Kadhimiya military base, commonly known as the Fifth Division, into a new urban civic center. According to a statement from the Prime Minister's Office, the new development will include recreational, educational, cultural, and hospitality facilities, including hotels, hospitals, health centers, sports stadiums, civil […]
By John Lee. The Ministry's Deputy Minister for Gas Affairs has inspected the gas project in Block 9 (Al-Fayhaa, Faihaa) in Basra province. Mr. Ezzat Saber said he hoped to utilize 130 million cubic feet per day of gas from the field by year-end, along with equipping power stations to process 100 million cubic feet […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani announced the start of work on the sewerage project in Al-Wahda district, located south of the capital Baghdad. This project is one of four strategic initiatives initiated by Al-Sudani to address sewerage issues in several areas of Baghdad province, exceeding a cost of one trillion dinars ($764 […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 16th 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 1,810.8 1.6% 16.5% RSISX USD Index […]
By John Lee. Iraqi Prime Minister Mohammed Shiaa Al-Sudani received a delegation from the American engineering firm KBR on Thursday. The meeting included an overview of the company's operations in Iraq, particularly in collaboration with Iraqi oil companies in oil production and in maximising the capture of associated gas. Discussions also revolved around potential participation […]
By John Lee. SACE the state-owned Italian insurance and financial group, which specialise in supporting Italian companies and the national economy, has entered an agreement with the Trade Bank of Iraq (TBI) to support the development of the private sector in Iraq by promoting Made in Italy exports to the country, with a total value […]
By John Lee. Tunisian Foreign Minister Nabil Ammar and his Iraqi counterpart, Deputy Prime Minister and Foreign Minister Fuad Hussein, led the 17th session of the Tunisian-Iraqi Joint Committee in Baghdad. Both ministers highlighted the potential for economic growth, particularly in sectors like pharmaceuticals, agriculture, tourism, and transportation. They underscored the private sector's role in […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani presided over the signing ceremony for the Faw Refinery Investment Project, a significant initiative within the framework of Iraq's plan to expand refining capacities and attract foreign investment. The project, a collaboration between the Ministry of Oil's South Refineries Company (SRC) and the China National Chemical Engineering […]
By John Lee. Iraq's General Authority for Customs has announced a significane revenue increase for the first quarter of the current year, with expectations of doubling revenues upon completion of the automation project. The Authority's President, Hassan Al-Ugaili, told tate-run Iraqi News Agency (INA) that customs revenue increased by 28 percent from 2022 to 2023. […]
By John Lee. Iraq's Ministry of Oil has concluded its fifth-plus and sixth oil and gas licensing rounds, with Chinese companies winning most of the fields awarded: Fifth-plus licensing round: Abu Khema: Zhenhua Oil Ad Daimah: KAR Group Alan: KAR Group Block 7: China National Offshore Oil Corporation (CNOOC) Dhufriyah: Anton Oil Fao: United Energy […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi push to end UNAMI mandate fuels concern over lack of oversight Baghdad is pushing to end the mandate of the United Nations Assistance Mission for Iraq (UNAMI), citing improved security conditions and […]
