By John Lee. The Iraqi Ministry of Oil has reiterated its commitment to voluntary production cuts in support of initiatives by OPEC+ member states to maintain stability and balance in the oil market. Despite reports of regional production outside of coordination and agreement with the federal government, the Ministry says it has taken proactive measures […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has conducted a field visit to the Rixos and Mövenpick hotel projects, both under construction in the heart of Baghdad. He received a detailed presentation on the progress of the execution of both projects and inspected the stages of completion. Al-Sudani emphasized the urgent need for large […]
By John Lee. Oman-based low-cost airline SalamAir has opened a new office in Baghdad. His Excellency Hamed Ahmed Eidroos, Ambassador of Oman in Iraq, attended the event at the Al Asal Building, 14th Ramadan St. Al Mansour district, and highlighted the historic significance of SalamAir's arrival in Baghdad. After a 20-year hiatus in direct flights […]
By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG) has held a meeting with a delegation from the banking sector, including Jordan Kuwait Bank and the Bank of Baghdad. According to a statement from the KRG, the meeting focused on potential collaborations and projects to enhance the banking infrastructure and spur economic […]
By John Lee. At a press briefing on Thursday, US State Department spokesperson Matthew Miller (pictured) said the United States has issued another 120-day waiver to allow Iraq to continue importing electricity from Iran. Addressing a question from the floor, Miller said: "... these are waivers that have been regularly issued to Iraq going back […]
By Soraya El-Khalil and Tala Ismail, for the World Bank. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Navigating social norms to empower Iraq's female workforce As we mark International Women's Day this month, we spotlight the main hurdles to women's labor force participation […]
By Harith Hasan, for Carnegie Middle East Center. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Development Road: Geopolitics, Rentierism, and Border Connectivity Iraq's Development Road project aims to create an Iraqi transborder transportation network connecting the Persian Gulf with Türkiye. This […]
By John Lee. On Wednesday, March 13, 2024, Deputy Prime Minister and Foreign Minister Fuad Hussein, received the Austrian Ambassador to Iraq Andrea Nasi, at the Ministry's headquarters. The meeting discussed aspects of joint cooperation and means of enhancing relations, in addition to, highlighting the outcomes of the Minister's visit to Vienna at the end […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th March 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 1,654.0 -3.8% 6.4% RSISX USD Index 1,626.4 […]
By John Lee. Genel Energy has issued an updated on oil reserves across its portfolio: Working interest oil reserves (MMbbls) 1P 2P 3P 31 December 2022 68.9 92.2 125.6 Production (4.5) (4.5) (4.5) Revision of previous estimates (1.0) 4.0 (1.8) Acquisitions and disposals - (2.7) (8.4) 31 December 2023 63.4 88.9 […]
By John Lee. Emirati low-cost airline Air Arabia has announced the launch of its new route from Sharjah to Basra in Iraq. The new direct flights will connect Sharjah International Airport to Basra International Airport with a frequency of three flights per week starting from June 03, 2024 Schedule to Basra, effective June 03, 2024 […]
By John Lee. Following the recent visit of the Prime Minister to Basra, the Iraqi Cabinet has decided to authorise the Basra Governor to negotiate and sign the framework agreement with the coalition of companies executing the desalination project in the province. According to a statement from the Media Office of the Prime Minister, this […]
