By John Lee. On Sunday, Prime Minister Mohammed Shia al-Sudani accepted the resignation of Nineveh Governor, Najm Abdullah Abdul Jabouri. Jabouri submitted his resignation after the parliament rejected the Cabinet's recommendation, made last October 17, to exclude him from accountability measures under Article 12 of Law No. 10 of 2010, governing the National Accountability and […]
Iraq: Climate change causing crop loss, contributing to secondary displacement Climate change in Iraq is impeding the economic recovery of communities affected by conflict and precipitating risks of secondary displacement, as 60 per cent of farmers struggle with water shortages and reduced crop yield, according to a new report published by the Norwegian Refugee Council […]
By John Lee. The Iraqi Cabinet has endorsed the Energy Ministerial Council's recommendation (No. 23091 for 2023) concerning the Iraq-Saudi Electricity Link project. According to a statement from the Media Office of the Prime Minister, the key points include: Awarding the consultancy services for the Iraq-Saudi Electricity Link project to Terta Tech [Tetra Tech?] at […]
By John Lee. The Iraqi Cabinet has endorsed the Energy Ministerial Council's recommendation (No. 23093 for 2023) regarding the gas investment project in the Nahr Bin Umar field. The key points include: Recommending the exclusion of the gas investment project from Cabinet Decision No. 245 of 2019, amended by Cabinet Decision No. 23374 of 2023, […]
By John Lee. The Iraqi Ministry of Oil and its subsidiary, the Oil Products Distribution Company, have decided to implement electronic payment systems at all fuel stations starting January 1, 2024. The Ministry says it will also suspend cash handling from this date, adding that this move aligns with government guidelines to enhance efficiency, automate […]
By John Lee. On Sunday, November 19, 2023, the Kurdistan Regional Government's Prime Minister, Masrour Barzani, officially inaugurated the Distar Factory, a cutting-edge wheat flour mill, located in Domiz, Duhok Governorate. During his speech, Prime Minister Barzani emphasised the KRG's dedication to enhancing the agricultural sector and securing food security as top priorities. He outlined […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th 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 1,486.7 -1.1% 63.3% RSISX USD Index 1,461.8 […]
By John Lee. An Italian engineering company has won a major contract for a gas processing project in Iraq. In its 47th regular session, chaired by Prime Minister Mohammed Shia Al-Sudani, the Iraqi Cabinet approved the establishment of a nitrogen unit and gas compression and drying facilities at the West Qurna 2 field, and the […]
By John Lee. On November 22, the Second round of Armenian-Iraqi political consultations were held in Yerevan. The Armenian delegation was led by the Deputy Minister of Foreign Affairs of the Republic of Armenia Vahan Kostanyan, the Iraqi delegation was headed by the Deputy Minister of Foreign Affairs of the Republic of Iraq Mohammed Hussein […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of two oil wells in the Zubair and Fakka [Jabal Fauqi] oil fields. The ZB-608 oil well in the Zubair oil field reached a depth of 3,598 meters using the 1,500-horsepower IDC 38 drilling rig. This is part of the contract with […]
By John Lee. Germany's Gesellschaft für Internationale Zusammenarbeit (GIZ) (German Agency for International Cooperation) has joined forces with the Iraqi Private Banks League (IPBL) to work on more inclusive financial services. "Together, we can harness the unique strengths from both the private sector and the public sector and make a significant contribution to financial inclusion […]
By John Lee. On Sunday, November 19, 2023, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) launched two pivotal projects in Zakho: an industrial area and a recycling factory. In his speech, Prime Minister Barzani emphasised the projects' roles in job creation and economic growth in the Kurdistan Region. The recycling plant, the […]
