By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with a delegation from J.P. Morgan Bank, including Daniel Zelikow, Vice Chair, and Mr. Ghali Laraki, Head of MENA Public Sector Group. The meeting focused on supporting Iraq's banking sector, the Central Bank of Iraq (CBI), and the private sector. Discussions also touched on international […]
By John Lee. Iraqi Airways has resumed flights between Iraq and Georgia after an absence of nearly nine years. The first flight on the Baghdad-Erbil-Tbilisi route took off on Thursday. Flights will be weekly (Thursdays) initially, with the hope to eventually increase the frequency. (Source: Iraqi Airways)
By John Lee. The Iraqi parliament has approved a record budget of 198.9 trillion dinars [$152 billion] for 2023, following four days of debate. According to Al Jazeera, the planned fiscal deficit is 64.36 trillion Iraqi dinars [$49 billion], more than double the amount in the 2021 budget. The budget assumes an oil price of […]
By John Lee. The Central Bank of Iraq (CBI) has reportedly been ordered to pay $13 million to Abu Dhabi-based Cardno ME (CME), relating to a dispute over the construction of its new headquarters in Baghdad. The International Chamber of Commerce (ICC)'s International Court of Arbitration is said to have made the ruling in February, […]
By John Lee. Danish logistics company Blue Water has opened its first office in Iraq. In a statement, the company said that the addition of the new office in Basra will strengthen the company's presence in the region. It is staffed by a newly-employed local team, headed by General Manager, Marwa Saad. Read our comprehensive […]
By John Lee. Iraq's Minister of Electricity, Ziad Ali Fadel, held a meeting with TotalEnergies' Director for renewable energy affairs in Iraq, Mr. Khaled Al-Abdali, to discuss the company's procedures for the construction of a 1,000-megawatt solar power station at the Ratawi [Artawi] oil field in Basra. The meeting was attended by the Director General […]
By John Lee. GE Gas Power along with teams from Iraq's Ministry of Electricity, have reportedly serviced and upgraded a total capacity of 1400 MW through several gas turbine service and upgrade projects in the first half of this year. According to a statement carried by Zawya, GE completed maintenance work, including major overhauls, on […]
By John Lee. A British court has dismissed a claim for defamation against the Conservative Middle East Council (CMEC) and its Managing Director, former Conservative MP Charlotte Leslie. Businessman Mohamed Amersi, who founded the rival Conservative Friends of the Middle East and North Africa (COMENA), claimed that emails and documents sent to influential party members in […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani opened the "Iraq Gate" residential project on Tuesday evening in Baghdad. The project has been developed by Amwaj International, which is headed by Namir El Akabi. In his speech at the event, he emphasized the importance of the private sector's involvement in solving the housing problem, […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th June 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 1,011.1 3.0% 11.1% RSISX USD Index 994.2 […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Takes a Breather, While the Currency Stabilises The market took a breather after a great three-month run from the January lows, during which it, as measured […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. My Preface for Tariq Shafiq' Second Book on Iraq Petroleum A few months ago, Tariq Shafiq (Abu Ehsan) asked me to write the preface of his second book on the Iraqi petroleum. […]
