By John Lee. Finance Minister Satif Sami has met with Jean-Christophe Carre, the Regional Director for the Middle East at the World Bank, along with the bank's Special Representative in Iraq, Richard Abdulnour, and a number of experts and specialists. The meeting discussed development project priorities and ways in which the World Bank can support […]
By John Lee. Prime Minister Mohammed Shia al-Sudani inaugurated the Cordoba Bridge in Al-Bab Al-Sharqi, central Baghdad, on Wednesday evening, one of the projects aimed at alleviating traffic congestion in the capital. During the inauguration, he commended the efforts of the Ministry of Reconstruction, Housing, and Municipalities, along with their personnel who worked to achieve […]
By John Lee. Genel Energy has just published details of its payments to governments for the year 2023: Introduction and basis for preparation This report sets out details of the payments made to governments by Genel Energy plc and its subsidiary undertakings ('Genel') for the year ended 31 December 2023 as required under the Disclosure […]
By John Lee. AD Ports Group has announced that it has entered into a preliminary agreement with the General Company for Ports of Iraq (GCPI). Under the terms of the agreement, both parties will establish a joint venture to develop Al-Faw Grand Port and its economic zone, as well as any future expansion. The agreement […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th April 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 1,621.5 4.2% 4.3% RSISX USD Index 1,594.4 […]
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. Banks End the Year with a Bang The market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was down 8.4% for the […]
By John Lee. The Iraqi Cabinet has approved sovereign guarantees totalling $3.25 billion, in relation to the development of the Nahr Bin Umar [Nahr Ben Umar] gas field in Basra. It also exempted the special purpose company Halfaya Gas Company Ltd. (HGC), which was established to develop the field, from the requirement to submit two […]
By John Lee. The Iraqi Cabinet has granted the Ministry of Interior the authority to contract directly with the Verdalia company, the sole agent for the German company Ottobock in Iraq, which specializes in manufacturing and installing smart prosthetic limbs. Sources told Iraq Business News that Verdalia, which is based in Cyprus, operates in Iraq […]
From the Iraqi Children Foundation (ICF): The Iraqi Children Foundation (ICF) has released its 2023 Annual Report, highlighting exciting growth in the range of services and geographic reach of projects benefiting Iraq's most vulnerable and marginalized orphans, street kids, child laborers, disabled children, and child victims of sex and human organ trafficking. Chairman David Collins […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has received an official invitation from Saudi Crown Prince Mohammed bin Salman bin Abdulaziz to participate in the special meeting of the World Economic Forum (WEF), to be hosted by the Kingdom at the end of April. In a letter to the Prime Minister, Prince Mohammed bin […]
By John Lee. Genel Energy has announced that Sir Michael Fallon has indicated his intention to retire from the Board of Genel at the AGM in May 2024. Sir Michael Fallon has served more than four years at Genel as Non-Executive Director, Deputy Chair, Senior Independent Director, Chair of the International Relations Committee, and a […]
By John Lee. Ziad Ali Fadel, Iraq's Minister of Electricity, arrived at the Iraqi-Jordanian border on Saturday morning to inaugurate the first phase of the Iraqi-Jordanian electrical interconnection project. This interconnection will provide between 40 to 50 megawatts of power to benefit the Rawa district, which has been deprived of electricity for over 10 years […]
