Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st Oct 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD662 (+0.5%) / $693 (+0.5%) (weekly change) (+0.4% and -1.2% YTD change, respectively). The number of week traded […]
The Iraq Britain Business Council (IBBC) hosted a virtual conference chaired by Prof. Mohammed Al-Uzri to inaugurate its newly launched network of Iraqi Alumni of UK universities. The conference was opened by Baroness Nicholson. The guest speaker, Dr. Hamid Ahmed, Deputy Minister of Iraq's Ministry of Higher Education and Scientific Research, confirmed the ministry's strong […]
Lockheed Martin Rotary and Mission Systems has been awarded a $19,294,391 cost-plus-fixed-fee contract for Iraq Integrated Air Defense System contractor logistics support (CLS). The contract provides for follow on CLS sustainment support to include subject matter expert support, engineering support, return and repair and in country assessment visits. Work will be performed in Iraq; and […]
Mr Haider Al Shamaa has been appointed as IBBC Member Representative in Iraq and to the IBBC Executive Committee. Mr Shamaa is the Chairman of the International Islamic Bank a long standing member and supporter of the IBBC. As the Member Representative of IBBC in Iraq he will lead our discussions with the Iraqi Chambers of […]
With support from the European Commission, UNICEF is supporting governorates and education ministries in developing their educational plans and modernizing data collection to improve the quality of learning in Iraq With financial backing from the European Commission and in partnership with UNESCO, UNICEF Iraq is supporting authorities at the governorate level to better plan their […]
By John Lee. Iraqi Prime Minister Mustafa Al-Kadhimi met on Monday with government officials to discuss steps to build a thousand new school buildings throughout Iraq. Mr. Al-Kadhimi said that, "education is the real weapon with which nations arm themselves, in addition to the health system". The Prime Minister was also briefed on ten models […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for August of 80,494,536 barrels, giving an average for the month of 2.597 million barrels per day (bpd), down from the 2.763 million bpd exported in July. These exports from the oilfields in central and southern Iraq amounted to 77,505,136 barrels, while exports […]
By John Lee. The new Chair of Iraq's National Investment Commission (NIC) has been visiting investment opportunites throughout the country. During a visit to Wasit Province, Suha Dawood Najar [Suha Dawud Elias Al-Najjar] (pictured) said that Iraqi investors hae the financial and professional capacity to gear up with the Iraqi economy, especially if partnered and […]
By John Lee. Iraq's new Ambassador to Iran, Naseer Abdul Mohsen Abdullah, has presented his credentials to Iranian Foreign Minister Mohammad Javad Zarif. According to a statement from the Iraqi Ministry of Foreign Affairs, the importance of strengthening cooperation relations between the two countries was discussed, and the Ambassador expressed his hope for more cooperation […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Significant challenges face Kadhimi's economic reform project Mustafa al-Kadhimi's government is working on presenting an economic reform plan in the coming days, at a time when Iraq faces complex economic […]
By John Lee. On Sunday, Iraq and Jordan reportedly signed a contract to connect their electricity networks and sell electrical energy between the two countries. According to INA, the deal will see Jordan providing Iraq with 1000 gigawatt hours per year as a first stage. The 300-km line will connect the new Risha substation, currently […]
New Survey of Small and Medium Enterprises Offers Insight into State of Iraq's Economy During COVID-19 Pandemic Measures taken to curb the spread of COVID-19 have led to reduced operating hours or the closure of many of Iraq's small and medium-sized enterprises (SMEs). The economic impact of the pandemic is expected to be severe. To […]
