By John Lee. Prime Minister Mustafa Al-Kadhimi chaired a meeting on Monday to discuss plans to rebuild Mosul International Airport, which was damaged during the war against ISIS terrorist gangs. The meeting, which was attended by the Minister of Construction, Housing, Municipalities and Public Works, the Governor of Nineveh, and a number of specialized officials […]
By John Lee. Zain Iraq's Q2 2022 revenue grew 4 percent to USD 390 million, and EBITDA grew by 16 percent to USD 168 million, according to the company's results statement for the period. The company also reported an EBITDA margin of 43 percent, with net profit reaching USD 5 million. The operator's customer base […]
By John Lee. The Iranian carrier Saha Airlines has reportedly operated its first flight to Iraq's Najaf International Airport on Friday. Shafaq reports that 70 passengers were flown from Isfahan to Najaf. FlightRadar24 confirms that a Boeing 737-31S belonging to the company landed at Najaf at 01:14, taking off again for Isfahan at 02:25. Wikipedia states […]
By John Lee. UK-based heavy machinery maker JCB has announced that it has signed a partnership agreement with Khair Al-Wady Al-Athim (KAW). Under the contract, KAW will supply the full range of JCB construction, industrial, access and power products in Iraq. According to media reports, KAW is part of the Baghdad-based Al Sadeq Group. (Source: […]
By John Lee. Iraq and Iran have signed a memorandum of understanding (MoU) to help tackle the major dust storms that have afflicted the region. It was signed by the Head of Iran's Environment Department, Ali Salajegheh [Selajgeh], and Iraq's Minister for the Environment, Jasesim Al-Falahi [Jassim Abdel Aziz Hammadi] during a meeting in Tehran […]
By John Lee. Ummet Al Salam Co. Ltd. for General Trading & Contracting has won a new contract with the United Nations Office for Project Services (UNOPS), for the supply and installation of solar street lights in Anbar. The contract is valued at $362,620. (Source: UNGM)
By John Lee. France's TotalEnergies has re-affirmed its commitment to energy projects in Iraq. Following a meeting in Paris with Iraq's Minister of Oil, Ihsan Abdul-Jabbar Ismail, the Chairman and CEO of TotalEnergies, Patrick Pouyanne, said that Iraq is one of the most promising countries in attracting global investment for energy projects. He added that […]
By John Lee. US-based contractor KBR is to carry out the design work for Iraq's Ratawi (aka Artawi) Central Complex development. The work is part of the Ratawi gas-field project in Basra, which is being carried out by the South Gas Company (SGC) in cooperation with France's TotalEnergies. KBR's involvement was confirmed in a statement […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A confused and confusing decision by the Council of Ministers-CoM followed by an imprecise statement from the Ministry of Oil-MoO regarding Iraq-Jordan/ Basra-Aqaba Oil Pipeline-BAOP project had ignited a new wave of […]
By John Lee. The Central Bank of Iraq (CBI) has said that there is no justification for changing the exchange rate of the Iraqi dinar relative to the US dollar. CBI Deputy Governor, Ammar Khalaf, confirmed to the official Iraqi News Agency (INA) that, "in our belief as a monetary authority, there is no justification […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th July 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD948 (-2.1%) / $829 (-2.1%) (weekly change) (+3.3% and +2.9% YTD change, respectively). The number of week traded […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Supplementary Budget Stabilises the Market The market, as measured by the Rabee Securities RSISX USD Index, was up 3.4% for the month, and up 5.1% for the […]
