By John Lee. Iraq and China have signed a contract for the rehabilitation of Nassiriyah International Airport. Prime Minister Mustafa al-Kadhimi attended the signing on Tuesday. According to Shafaq, the contract was signed by the Iraqi Civil Aviation Authority (ICAA) and the China State Construction Engineering Corporation (CSCEC). (Sources: Govt of Iraq, Shafaq)
By John Lee. Prime Minister Mustafa al-Kadhimi has said the Iraqi Government is working on a national project to distribute plots of land to citizens. In a statement following Tuesday's cabinet meeting, al-Kadhimi added: "In order to prevent any manipulation, and for the sake of justice in the distribution of entitlement, there will be an […]
By John Lee. Two oil tankers owned by the State Company for Maritime Transport (SCMT) have been transferred from Jordanian registration to registration in the Iraqi port of Basra, following the lifting of sanctions. Iraqi Transport Minister, Captain Nasser Hussain Bandar Al-Shibli [Captain Nasser Hussein Bandar Al-Shibli], raised the Iraqi flags on the vessels, the […]
From Iraq Solidarity News (Al-Thawra). Re-published with permission by Iraq Business News. In this conversation with Liz McRae, Hussein Al-alak hears about the efforts which the Iraqi Children Foundation have been undertaking, during the course of the Covid-19 pandemic. Liz McRae is the Executive Director of the Iraqi Children Foundation. Can you tell us about […]
By John Lee. The head of Russia's LUKoil has said that the company plans to start production at Iraq's Block 10 at the end of 2022 or in 2023. Vagit Alekperov (pictured) told a Reuters that output will start at 30,000 barrels per day (bpd). The field is being developed by LUKoil (60%) and Inpex […]
By John Lee. In its preliminary results for the year ended 31st December 2020, Petrel Resources made the following statement on its interests in Iraq: "Meanwhile Petrel continues to push its interest in Iraq and Ghana. For the foreseeable future oil will play a major part in world economic development. "Iraq has some of the […]
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "Market Consolidates Gains" The market, as measured by Rabee Securities RSISX USD Index, paused its three-month string of gains in May, ending the […]
By John Lee. Baghdad-based Qemat Alnajah General Trading Co. Ltd. has won a contract with the United Nations Office for Project Services (UNOPS) for the provision of an explosive ordnance risk education (EORE) television campaign for UNMAS in Federal Iraq The contract is valued at $39,800. (Source: UNGM)
By John Lee. Iraq's Central Statistics Organization (CSO) has announced a fall of more than 80 percent in passenger numbers on Iraq's railways in 2020. The number of passengers carried fell from 435,000 in 2019 to 77,000 in 2020, probably due, at least in part, to the coronavirus pandemic. More here (Arabic). (Source: CSO) (Picture: […]
By John Lee. The UAE's Ambassador to Iraq, Salem Issa Al Zaabi, has reportedly to the Federation of Iraqi Chambers of Commerce that several major Emirati companies want to invest in Iraq. Salem Issa Al Zaabi added that he had a productive meeting with the Federation's President, Abdul Razzaq Al Zuhairi, who said that Iraq […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd June 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD896 (-2.3%) / $775 (-1.7%) (weekly change) (+23.5% and +16.9% YTD change, respectively). The number of week traded […]
From Human Rights Watch (HRW). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Inadequate Plans for Camp Closures Recent camp closures have stripped thousands of displaced people of essential services during the Covid-19 pandemic, with inadequate government plans for their return home, Human Rights […]
