By John Lee. Prime Minister Mohammed Shia Al-Sudani has opened the largest private poultry project in Iraq, located in Karbala. With an annual production capacity exceeding 3 billion eggs and 340,000 tons of meat, the project aims to meet local market demands. During the opening, Prime Minister Al-Sudani emphasized the project's role in achieving self-sufficiency, […]
By John Lee. The Iraqi Ministry of Transport has announced the resumption of direct passenger flights between Iraq and Denmark, with the route covering Baghdad, Najaf, and Copenhagen. This marks the second European destination after Berlin, utilized by Iraqi Airways through a codeshare agreement. According to the company's management, the decision to reintroduce this vital […]
By John Lee. Iraq's Finance Minister, Taif Sami, has signed a financing agreement for the maintenance of the Ministry of Electricity's power stations with JPMorgan, in partnership with General Electric (GE). The $257 million loan, guaranteed by the US Export-Import Bank (EXIM), is part of the fifth phase of the annual maintenance project. The agreement […]
By John Lee. The Iraqi Cabinet has approved the completion of 30,000 housing units at the Basmaiyah residential complex outside Baghdad. Payment via Rafidain Bank to the Korean company Hanwha for completed housing units was also approved. The National Investment Commission (NIC) was also authorized to proceed with the remaining 70,000 units. (Source: Media Office […]
By John Lee. On Sunday, the President of the Republic of Iraq, Abdullatif Jamal Rashid met with the Saudi Commerce Minister and Head of the Saudi-Iraqi Coordination Council, Majid al-Qasabi alongside a group of Saudi businessmen. At the meeting, President Rashid urged Saudi businessmen to invest in Iraq, assuring government support and facilities for investors. […]
By John Lee. The Central Bank of Iraq (CBI) has reportedly made agreements to support several private Iraqi banks with foreign currency. State-run Iraqi News Agency (INA) quotes a government source as saying that, following meetings in Abu Dhabi with US officials, it has been agreed, "to boost the advance balance of five Iraqi banks […]
By John Lee. On Sunday, senior officials from the Iraqi Federal Government in Baghdad met with KRG Prime Minister Masrour Barzani and his team to discuss the resumption of oil exports via the Iraqi-Turkish Pipeline (ITP) the Turkish port of Ceyhan. Deputy Prime Minister for Energy and Minister for Energy Affairs and Oil, Hayan Abdul-Ghani, […]
By John Lee. Italy's Consorzio Arke has won a contract with the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the "Execution of Conservation Works on the three Mihrabs of the Al Nouri Mosque, Mosul." The contract is valued at $159,830. The mosque was badly damaged during the war against the so-called Islamic State […]
By John Lee. Fallujah-based Aswar Al-Dammam for General Contracting has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for the "Rehabilitation of 153 Damaged Houses in Sinjar District, Ninewa Governorate". The contract is valued at $665,752.38. The potential end date is given as Sunday, April 27, 2025. (Source: UN)
By John Lee. Baghdad-based Sar Albraa for General Contract and Trade has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for the "Construction of Stormwater and Water Networks in Al Kubiya Neighbourhood, Basra Governorate." The contract is valued at $235,510. The potential end date is given as Thursday, October 23, 2025. […]
By John Lee. Turkmenistan will supply Iraq with 9 billion cubic meters of natural gas per year for five years, according to a deal agreed in Ashgabat on Wednesday. The gas will be transported via Iran in what state-run Turkmengaz describes as a swap scheme. Iraq's Ministry of Electricity confirms the meeting, but makes no […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th 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 1,420.6 0.3% 56.1% RSISX USD Index 1,396.8 […]
