By John Lee. The Iraqi Cabinet has approved several measures related to the Development Road project. These include authorizing the Ministry of Transport to contract with the US consulting firm Oliver Wyman for advisory services, bypassing government contract execution rules. The project is exempt from certain investment project registration requirements. The investment company will reimburse […]
By John Lee. The General Company for Iraqi Cement, a subsidiary of the Ministry of Industry and Minerals, has announced that the Basra Cement Plant has achieved its design capacity with an annual production of 600,000 tons. According to a statement from the Ministry of Industry, the plant has the ability to increase its capacity […]
By John Lee. A mobile app supported by the United States Agency for International Development (USAID) has been introduced to wheat and corn farmers in Nineveh. The app monitors farms using satellite technology, aiming to enhance productivity and increase revenue. It sends alerts about agricultural diseases to subscribers and provides treatment tips and weather information. […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 3rd 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 1,811.6 -2.4% 16.6% RSISX USD Index […]
By John Lee. The General Directorate for Industrial Development (GDID), part of the Iraqi Ministry of Industry and Minerals, has granted 219 preliminary licences for new industrial projects. It has also revealed the specialized services and facilities provided to licensed private sector projects during the first quarter of this year. The directorate's head, Dr. Ali […]
By John Lee. UAE-based company ARJ Holding LLC has signed a contract to establish a compound fertilizer production project in Baiji, Salah al-Din province. According to a statement from the Office of the Prime Minister, the facility will have an annual production capacity of 249,000 tons of various compound phosphate fertilizers. It will make di-ammonium […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al-Sudani inaugurated the first phase of the Continuous Casting Plant at the General Company for Steel Industries in Taji, north of Baghdad, on Wednesday. The plant, which has been rehabilitated, modernized, and operated, has a production capacity of 600,000 tons annually. It specializes in melting and casting […]
By John Lee. Iraq's Ministerial Council for Energy has recommended awarding the tender number "MOD-2024" for the operation and maintenance of diesel stations in North Diwaniyah, East Diwaniyah, East Karbala, and North Amara to Dasoff Petroleum Service LLC. The contract price is set at $13.5 per MWh on a "Take and Pay" basis for a […]
By John Lee. Dana Gas has said it is resuming operations at its Khor Mor gas field in Iraqi Kurdistan "in a phased manner." In a statement to the Abu Dhabi Securities Exchange on Wednesday, the company said: "Based upon concrete actions which have been taken by the Government of Iraq and the Kurdistan Regional […]
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makiya, has signed the Singapore Convention on Mediation (formally the United Nations Convention on International Settlement Agreements Resulting from Mediation). He stressed the importance of integrating international and local investment environment indicators. Dr. Haider Mohammed Makiya, the Chairman of the National […]
By John Lee. President of Iraq, Abdul Latif Jamal Rashid, welcomed four newly appointed ambassadors to Iraq at Salam Palace in Baghdad on Monday, April 29, 2024: Bahrain Ambassador Khalid Ahmed al-Mansour; Malta Ambassador George A. Said Zammit; Portugal Ambassador Fernando d'Orey; and Angola Ambassador Jose Martinez. Separate ceremonies were held earlier in the day […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for March, but has still 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: 106,112,038 barrels. Oil fields in central and […]
