By John Lee. On Sunday, Iraqi Prime Minister Mohamed Al-Sudani chaired the second meeting of the High Committee for the Development Road Project ("dry canal" project). The meeting reviewed recent progress made by relevant authorities in advancing the project, with each responsible for their respective tasks. They also discussed updates on procedures with interested countries […]
By John Lee. President Abdullatif Jamal Rashid met with Minister of Water Resources, Engineer Aoun Diab Abdullah, to address the pressing issue of water scarcity in Iraq. The President stressed the need for cooperation with upstream countries to increase water flow and maintain Iraq's fair share of water. He also emphasized the importance of constructing […]
UNIDO and Government of Japan Collaborate on Sustainable Development of the Food Industry by Building Iraqi Government Staff Capacity The United Nations Industrial Development Organization (UNIDO), in collaboration with the Ministry of Industry and Minerals, conducted the second training workshop on food safety and quality. This workshop was a significant component of the project "Emergency […]
By John Lee. Mobile phone service Asiacell has reported strong growth in revenue and EBITDA. In its financial results for the six-month period ended 30 June 2023, parent company Ooredoo said: "Asiacell achieved very solid Revenue growth in H1 2023, with a YoY increase of 16%, reaching a total of QAR 2,024 million. This growth […]
By Hamzeh Hadad, for the European Council on Foreign Relations (ECFR). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A golden opportunity: How Iraq can benefit from regional calm Following the recent thaw in relations between Iran and Saudi Arabia, Iraq is strengthening […]
By Yaqoub Beth-Addai and Michael Knights for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Blunting the Militia Campaign Against Iraq's Christian Leaders A U.S.-sanctioned, Iran-backed militia leader aims to sideline the country's Chaldean Patriarch and take […]
By John Lee. Erbil-based freight forwarding and customs clearance company Almas Group Logistics has joined the Project Cargo Network (PCN). Established in 2009, the company has three offices in Erbil, Baghdad and Sulaymaniyah. PCN provides access to a global network of agents who can handle shipments; it comprises more than 350 companies in 125 countries. […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th July 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 1,121.7 0.7% 23.2% RSISX USD Index 1,103.0 […]
By John Lee. Defaf Al Khaleej Security Services (DAK) has joined the Iraq Britain Business Council (IBBC). Mr Rafid Al Jasim, Chairman of Defaf Al Khaleej Security Services (DAK), expressed his enthusiasm about the partnership, stating: "We are truly delighted to become a part of the esteemed Iraq British Business Council (IBBC). We truly value […]
By John Lee. Iraqi Airways has announced that it will conduct a public auction for the sale of two Boeing 747 aircraft, which are parked at Tozeur-Nefta Airport in Tunisia. Both Pratt and Whitney-engined planes were made in 1982, and have been parked at the airport since 1991. It is understood that both planes were […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for June: Total exports of crude oil: 100,059,052 barrels Revenues from crude oil exports: $7.179760 billion Oil fields in central and southern Iraq accounted for 98,725,620 barrels of crude oil exports. Exports from Kirkuk through the port of Ceyhan have been suspended. Oil […]
By John Lee. AAA Holding Group (AHG) has announced a doubling of capacity at its fertilizer plant at Khor al Zubair, in Basra governorate. The new line, producing di-ammonium phosphate (DAP) fertilizer, will have a capacity of 500,000 tons per year, bringing total production at the plant to one million tons annually. Amet Selman, CEO […]
