Green Future for Iraq - A Nationwide Tree Planting Campaign In alignment with Iraq's Prime Minister's vision to foster environmental sustainability, a new nationwide tree-planting campaign is set to be launched by the United Nations agencies in Iraq in collaboration with the Ministry of Environment, Ministry of Agriculture, the Mayoralty of Baghdad, the Department of Media and […]
By John Lee. Prime Minister Mohammed Shia al-Sudani has chaired a special meeting on carbon emissions, attended by ministers of oil, electricity, and environment, along with energy advisors and sector specialists. He directed the formation of a public company for carbon economies under the Ministry of Environment and instructed the regulation of energy contracts in […]
By John Lee. As part of its efforts to encourage efficient irrigation in the agricultural sector, the Iraqi Cabinet has agreed to contract with the Austrian equipment company Bauer, subject to legal considerations. A delegation from the company, led by Financial Director Andreas Schitter, had visited Iraq in February, meeting with Iraq's Minister of Agriculture, […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 30th November 2023). 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 1,462.9 -1.6% 60.7% RSISX USD Index 1,438.5 […]
By John Lee. The Iraqi Cabinet has approved a number of changes in the aviation and air transport sector. The management of Iraqi airports is to be removed from the Iraqi Civil Aviation Authority (ICAA), and placed under the control of the Ministry of Transport's Aviation Services Company, which is to be renamed the "General […]
The Iraq Britain Business Council (IBBC) has announced more leading speakers for its Dubai conference on 7th and 8th December, including H.E. Mr Zyad Ali Fadhil, Minister of Electricity, Dr Samir Al Waely, CBI, Dr Abdulkareem, AL Faisal, Chairman of PM's advisory council, Ms Begard Talabani the Minister for water resources and agriculture, Dr Salar […]
By John Lee. As part of financial and economic reforms, the Iraqi Cabinet has endorsed recommendations to conduct all state contracts within Iraq in Iraqi dinars. There will be exceptions for ongoing external grants, loans, and agreements, and new contracts involving foreign grants, loans, and agreements may adhere to agreed-upon foreign currency terms, as specified […]
By John Lee. General Dynamics Land Systems, Sterling Heights, Michigan, was awarded a $15,992,597 modification (P00006) to contract W56HZV-21-C-0072 for contractor logistics support services for the M1A1SA/M88. Work will be performed at Camp Taji, Iraq, with an estimated completion date of Dec. 13, 2023. According to the United States Army Acquisition Support Center (USAASC), the […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for October: Total exports of crude oil: 109,545,589 barrels. Revenues from crude oil exports: $9.594 billion, the highest since July 2022. Oil fields in central and southern Iraq accounted for 108,050,360 barrels of crude oil exports. Exports from Kirkuk through the port of […]
By John Lee. The Economic Relations Department of Iraq's Ministry of Trade participated in the first conference to formulate Iraq's five-year national development plan. The event, held in Baghdad and attended by the Prime Minister, focused on collaborative efforts for the nation's developmental future under the theme "Working Together to Shape Iraq's Development." Director General […]
By John Lee. Iraq and China have set the Iraq-China Business Council, with a view to increasing trade and investment between the two countries. With trade valued at around $53 billion in 2022, according to a statement from Iraq's Ministry of Trade, China is Iraq's largest trading partner. Full statement from the Ministry of Trade: […]
By John Lee. Iraq's Minister of Industry has chaired the inaugural meeting of the committee studying the establishment of an Iraqi-Saudi border economic zone. The meeting included representatives from the Ministries of Trade, Planning, and Oil, and addressed the committee's tasks and decisions related to setting up the economic zone. Parallels were drawn with the […]
