By John Lee. Mashareea Al-Taqa Company for Contracting and General Trading has won a contract with the United Nations Secretariat for the "construction of 11 core housing units in Baaj district, (Tel Uzair complex), Ninewa Governorate." The contract is valued at $188,710.20. (Source: UNGM)
By John Lee. Bab Al Karama for General Contracting Ltd. has won a contract with the United Nations Secretariat for the "provision of renovation and extension of Al Lateef primary school in Al Bohishma, Yathrib sub-district, Balad district, Salah al Din Governorate." The contract is valued at $49,087. (Source: UNGM)
An opportunity has arisen to buy a security company in Iraq. Sama Al-Fiafi for Security Services CC.LL, a subsidiary of Fiafi Group, was incorporated in 2006, and is registered with Iraq's Ministry of Trade (Registration Number: 20-5302). The company is not currently trading, but was granted a Security Operations Licence (#52) by the Ministry of […]
By John Lee. Iraq will suspend customs duties on basic commodities such as foodstuffs, construction materials and essential consumables for a period of two months. In response to the increasing prices of various commodities, Iraq will also suspend the import ban on some goods, including foodstuffs, consumables, and medicines. The ban was in place to […]
Mosul Bank has selected Irish-based CR2, one of the world's leading software vendors in the digital banking and payments market, to accelerate its digital banking transformation strategy in the Iraqi market. This latest win for CR2 will see Mosul Bank offering a more advanced digital banking service to the Iraqi retail and corporate banking market, […]
By John Lee. The Iraqi Cabinet held its regular meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. After discussions, the Cabinet instructed the Ministry of Finance to provide sufficient liquidity to provide loans to farmers to import sprinkler irrigation systems. The systems may be pivot or fixed types, and must be bought […]
By John Lee. Transparency International has said that Iraq's ranking has risen slightly in its global Corruption Perceptions Index (CPI) for 2021. From a total of 180 countries, Iraq came in at number 157; the previous year's position was 160th out of 180 countries. This result puts it on equal ranking with Honduras and Zimbabwe. […]
By John Lee. Iraqi Prime Minister Mustafa al-Kadhimi has held an emergency meeting on Sunday to discuss food security following the Russian invasion of Ukraine. The meeting included the Ministers of Finance, Foreign Affairs, Planning, Trade, Agriculture, Water Resources, Industry, the Secretary-General of the Council of Ministers, and a number of advisors. As the situation […]
By John Lee. Iraq's Ministry of Oil has announced that the average daily exports and revenues generated from the export of crude oil for February 2022 are the highest in eight years. The Minister of Oil, Ihsan Abdul-Jabbar Ismail, said that the Ministry, despite the economic and security challenges, fluctuations in global oil markets and […]
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. Market Review: "Oil and the Economy" The market, as measured by the Rabee Securities RSISX USD Index, increased by 4.5%, and 8.8% for the year. Average daily […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd March 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD1020 (+3.8%) / $901 (+3.8%) (weekly change) (+11.1% and +11.9% YTD change, respectively). The number of week traded […]
The Takween Accelerator is looking for potential investors to attend our Investor Bootcamp Program. This program is designed to provide an investor training bootcamp to high potential individuals to increase their interest and skills in investing in tech startups within KRI and Iraq. The goal of this program is to increase the number of startup […]
