By John Lee. Russian oil company Lukoil has published details of its payments made during the financial year ended 31 December 2020 in favor of the government of Iraq: The Dhi Qar Oil Company (DQOC) [Thiqar Oil Company] received 1,963 million Russian Rubles [$26.9 million] in respect of the Block 10 field; The General Commission […]
By John Lee. Iraq's Parliamentary Finance Committee has reportedly warned the Central Bank of Iraq (CBI) of a possible collapse in the value of the Iraqi dinar (IQD) against the US dollar. Committee member Muhammad Al-Shabki told Shafaq News Agency that there are fears of the collapse of the Iraqi currency "in the coming period" […]
By John Lee. Baghdad-based Iraq Technical Support for Trading and General Contracts Ltd. has won contracts with the United Nations Office for Project Services (UNOPS) for the provision of ICT equipment to Iraq: Lot 1 - Laptops , Monitors and Keyboard Kits: Contract value $19,327.00 Lot 2 - Smart Mobile Phones: Contract value $3,839.00 Lot […]
By John Lee. KRG Prime Minister Masrour Barzani has laid the foundation stone of a potato production factory in Duhok, which is set to provide 500 jobs and make use of local potatoes. In his speech at the ceremony the PM said: "This is a great support for our people to rely on themselves, so […]
By John Lee. The Iraqi cabinet has agreed to grant the Dubai-based Emaar Properties a plot of land for development at Baghdad International Airport (BIAP). The 1,000 acres will be used for a new residential area with integrated facilities, and a cultural and sports club with a golf course. (Source: Govt of Iraq)
By John Lee. Oxfam's Iraq Response Innovation Lab has shared a video summarizing the pitching event for one of its incubations under the GoGreen initiative for promoting social innovation. This is the first Social Enterprise incubation in Iraq with the participation of local NGOs. Please click here to view more information on the following businesses: […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th June 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD932 (+3.9%) / $801 (+4.6%) (weekly change) (+28.5% and +20.9% YTD change, respectively). The number of week traded […]
By John Lee. At their regular Cabinet meeting on Tuesday, Iraq's Council of Ministers approved the establishment of a new city around Baghdad International Airport (BIAP). The new city will be called Rafael [Rafeel], and it will cover 10,600 acres. The cabinet added that, "it will be available for investment opportunities, provided that the land […]
The United Nations Development Programme (UNDP) in Iraq welcomes an additional DKK 50.3 million (US$8 million) contribution from the Government of Denmark to its flagship Funding Facility for Stabilization (FFS). The funding will support the safe return of people in areas liberated from ISIL in Iraq by rehabilitating critical infrastructure, creating livelihoods and building social […]
UNESCO strengthens MoE Iraq's capacities in online distance learning to respond to COVID-19 The closure of schools and disruption to learning brought about by the COVID-19 pandemic have highlighted the need to utilize online and distance modes of learning to promote learning continuity. Distance learning, known synonymously as online learning or e-learning, serves as a […]
Five One Labs, a start-up incubator for entrepreneurs based in the Kurdistan Region of Iraq (KRI), has announced the grant recipients of its Growth Funding Project (GFP). The program aims to support early- and later-stage startups that were impacted by COVID-19 with seed funding grants to grow their businesses, as well as business advisory from […]
In accordance with the global response against COVID-19 and the cautious lifting of restrictions, the Kurdistan Regional Government's Ministry of Health has updated official guidelines for travel to the Kurdistan Region. Taking into consideration the public interest and the government's ongoing efforts to combat the spread of COVID-19, travelers entering the Kurdistan Region by land […]
