Building a peaceful Iraq: New MoU between UNDP Iraq and swisspeace signed A Memorandum of Understanding (MoU) has been signed between the United Nations Development Programme (UNDP) Iraq and swisspeace, to strengthen efforts for peacebuilding and social cohesion in Iraq. The MoU provides a framework for collaboration and secures a two-year partnership between UNDP Iraq […]
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 Extends the Rally" The market, as measured by the Rabee Securities RSISX USD Index, after February's explosive rally of 25.7%, took a […]
By John Lee. The United Arab Emirates (UAE) has announced a $3-billion investment in Iraq, with the aims of strengthening economic and investment relations, creating new opportunities for cooperation and partnership and advancing developmental growth to support the Iraqi people. The initiative was announced following Iraqi Prime Minister Mustafa Al-Kadhimi's official visit to the UAE […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for March of 91,311,929 barrels, giving an average for the month of 2.946 million barrels per day (bpd), down slightly from the 2.960 million bpd exported in February. These exports from the oilfields in central and southern Iraq amounted to approximately 88,240,184 barrels, […]
By John Lee. Protesters have reportedly blocked the entrances to the Dhi Qar Oil Company (DQOC), Dhi Qar Refinery, and the Oil Products Distribution Company. According to Anadolu Agency, they were protesting the passing of the 2021 budget by the Iraqi parliament, which did not meet their expectations regarding guaranteed employment. More here. (Source: Anadolu […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st April 2021). Note: ISC announced on Mar. 25 that trading hours in ISX will be increased on Mondays and Wednesdays, from 9:30 a.m. to 3:00 p.m. starting from Apr. 5, 2021 to attract more investors and encourage increasing the trading activity. Please […]
The Iraqi Ministry of Interior (MoI) and the United Nations Development Programme (UNDP) Iraq delivered a strategic planning training course to senior officers and specialists to strengthen MoI institutional capacities to implement its multiyear strategic plan (2019 -2023). The Strategic Plan is aimed at strengthening internal security, maintain public order, develop law enforcement and anti-corruption […]
By John Lee. Iraqi Prime Minister Mustafa Al-Kadhimi visited Riyadh on Wednesday on his first official visit to Saudi Arabia. A session of talks was held between the Prime Minister and His Royal Highness Prince Muhammad bin Salman bin Abdulaziz Al Saud, which dealt with cooperation between the two countries. The two sides agreed on […]
By John Lee. Iraq's Parliament (House of Representatives) has approved the Federal Budget Law for 2021 on Wednesday night. The budget is reportedly based on an oil price of $45 per barrel, and oil exports of 3.25 million barrels per day, giving a budget of 129 trillion Iraqi dinars ($89 billion) and a budget deficit […]
Gulf Keystone Petroleum (GKP) has announced its audited results for the full year ended 31 December 2020. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "Against the backdrop of extraordinary global challenges in 2020, GKP acted decisively to successfully manage the impact of COVID-19 on our staff, contractors and production operations. We achieved all of our cost […]
By John Lee. The Iraqi Parliament has voted to dissolve itself on 7th October, to make way for general parliamentary elections scheduled for 10th October. The decision was made at a sitting of the parliament on Wednesday. (Source: Iraqi Parliament)
By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Following discussions, the Cabinet approved the purchase of an "additional quantity" of the Pfizer vaccine for COVID-19 (coronavirus), but did not specify the amount. As a result of the steady increase in the number of […]
