By John Lee. Abeer Alshimal Company For General Contracting Ltd. has won a contract with the United Nations Office for Project Services (UNOPS) for the "Construction of Cat IV Housing Units in Karma, Fallujah and Ana in Anbar." The contract is valued at $1,871,889. (Source: UNGM)
The Government of Denmark Provides Additional Contribution to UNMAS in Support of the Mine Action Sector in Iraq The United Nations Mine Action Service (UNMAS) in Iraq welcomes an additional contribution of DKK 22,000,000 (approximately USD 3,168,659) from the Government of Denmark, which will contribute to support the Government of Iraq (GoI) to protect civilians […]
By John Lee. Under the patronage of Oil Minister Hayyan Abdul Ghani, Basra Oil Company (BOC) organized a ceremony for the handover of the main operator role for the West Qurna 1 oilfield. The event, attended by the Ministry's Deputy for Extraction Affairs Basim Mohammed Khudair, marked the transfer of management responsibilities to China's PetroChina, […]
By John Lee. The Abnaa al Abduly Company has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for: "Provision of Facilities Maintenance/repair and Ground Maintenance Services Within UNAMI Premises at the UNAMI Diwan Compound, Tamimi Compound, Transport Workshop and UNITAD Villa in International Zone, Baghdad, Iraq" The contract is valued at […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has laid the foundation stone for the Al-Jawahiri Residential City project in Abu Ghraib, west of Baghdad. The project is one of the five new cities unveiled as part of the government's strategy to tackle the housing crisis and alleviate congestion in major urban centers. According to […]
By John Lee. Iraq's Independent High Electoral Commission (IHEC) has announced the results of the local elections held in Iraq on December 18th: Voter turnout: 41%, higher than the 2021 parliamentary elections despite a boycott by influential cleric Muqtada al-Sadr. Shia dominance: The Shia Coordination Framework (CF), an alliance of Iran-aligned groups, emerged as the […]
By John Lee. US-based Lockheed Martin Aeronautics has been awarded a $13,541,434 definitization modification (PZ0001) to previously awarded contract FA8553-23-F-0007 for C-130J contract logistic support. The contract modification definitizes prices for contractor sustainment support services to include technical assistance, logistics support, aircraft maintenance support, repair and procurement of C-130J spares, repair and procurement of C-130J […]
By John Lee. In a meeting attended by the Spanish Prime Minister Pedro Sanchez, Iraqi Prime Minister Mohammed Shiaa Al-Sudani met with representatives from Spanish businesses and Iraqi entrepreneurs. The Spanish companies attending the meeting were: Andra Consultrans Group: A Madrid-based, "engineering, architectural, strategic consultancy and information and technology projects for the transport sector, both […]
By John Lee. Saudi Arabia's Gulf Elevators and Escalators Co. (GEEC), a subsidiary of Mayar Holding, has signed an exclusive agency agreement with Midpoint Trading and Agencies Ltd. in Iraq. According to a statement from Mayar, under the three-year agreement, Midpoint Trading and Agencies will exclusively market, sell, install, and maintain Gulf Elevators' elevator and […]
The Rabee Securities Iraq Stock Exchange (ISX) index has closed the year up more than 97 percent in USD terms. According to date from Rabee Securities, the biggest winner was Al-Ameen Estate Investments, which gained more than 500 percent, while the biggest loser was National Islamic Bank, which more than halved in value: RSISX Index […]
By John Lee. The Iraqi and Iranian ministers of oil have agreed to establish committees to expand cooperation, including committees for the development of shared border fields, investment in gas and petrochemical industries, and renewable energy. Other committees will focus on the qualification and development of refineries, joint training, and collaborative efforts in oil marketing, […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th December 2023). Note: ISX will be closed on December 31, 2023 and January 1, 2024 due to the end-of-year closing operations. The next trading session will be held on Jan. 2, 2024. Please click here to view a table of listed companies […]
