By John Lee. Iraq's Commission of Integrity has reported the detection of "excesses and waste" exceeding $33 million in two contracts for Dhi Qar Oil Company (DQOC) and several departments affiliated with the Ministry of Electricity in the province. The department revealed excesses in the cost of a contract for the construction and maintenance of […]
By John Lee. French tube maker Vallourec has signed a contract with TotalEnergies for the supply of casing and tubing and associated accessories for the first phase of the Gas Growth Integrated Project (GGIP) in Iraq. The GGIP includes the recovery of gas currently being flared in the Basra region to supply power plants, along […]
By John Lee. On the sidelines of the World Economic Forum (WEF) in Davos, Iraqi Prime Minister Mohammed Shia Al-Sudani met with Mr. Ajay Banga, the President of the World Bank Group. The meeting focused on discussing cooperation between Iraq and the World Bank in various economic sectors, contributing to supporting the government's efforts and […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th January 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 1,563.6 2.9% 0.6% RSISX USD Index 1,537.5 […]
By John Lee. In Davos, Iraqi Prime Minister Mohammed Shia Al-Sudani met with Mr. Khaled Haballah, the Regional CEO of J.P. Morgan (JPMorgan Chase) for the Middle East and North Africa. The meeting focused on exploring cooperation opportunities in financial areas, including opening accounts for Iraqi banks. Discussions also touched upon the potential participation of […]
By John Lee. Another prominent Iraqi entrepreneur and investor is reported to have been killed in the recent attack by Iran's Islamic Revolutionary Guard Corps (IRGC) on targets in Erbil. Syriac Press, which covers, "events related to the Syriac-Aramean-Assyrian-Chaldean people [in the region]", said: "Among those killed was Chaldean-Syriac-Assyrian businessman Karam Mikhail. Mikhail was visiting […]
From the Iraq Britain Business Council (IBBC): IBBC are holding their flagship conference at London's mansion house this year on 27th June. Iraq is in a dynamic phase, with the economy growing, and a stable, proactive government extending numerous initiatives and development contracts to tender. Come and hear from leading businesses and government officials with access […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has attended a working meeting on the sidelines of the Davos Economic Forum in Switzerland, involving the heads and representatives of 57 global companies specializing in energy, oil, gas, and various economic sectors. During the meeting, he discussed the government's plans for development and economic reform, highlighting […]
By John Lee. Local sources in Iraqi Kurdistan have said that one of the region's most prominent business leaders was killed in last night's attack by Iran's Islamic Revolutionary Guard Corps (IRGC) on targets in Erbil. In a statement on X (formerly Twitter), the Kurdistan Democratic Party's (KDP) Foreign Relations Office said: "Initial reports indicate […]
By John Lee. The Iraqi Ministry of Foreign Affairs has summoned the Iraqi Ambassador to Tehran, Naseer Abdul Mohsen Abdullah Al-Karawi, for consultations, following missile attacks by Iran's Islamic Revolutionary Guard Corps (IRGC) on targets in Erbil overnight. The attacks causing several deaths and injuries. In a statement, the Prime Minister of the Kurdistan Regional […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of oil well Zubair/475 to a depth of 2,402 meters. Additionally, the company has accomplished the drilling of oil well Zubair/462, reaching a depth of 3,562 meters. These operations are part of the contract signed with the Italian company ENI to drill […]
By John Lee. Iraq's Commission of Integrity has ordered five years "severe imprisonment" for the former Director of Customs at the Trebil (Tarbiel, Trebil) border crossing (pictured) between Iraq and Jordan. The director was also required to pay back 78 billion dinars ($60 million) to the state treasury. The decision was made following an investigation […]
