By John Lee. The Iraqi Ministry of Industry and Minerals has been hit by a financial scandal with the disappearance of 120 billion dinars [$92 million] from one of its companies. An Investigation and Control Division's official, who recently moved to the General Company for the Automotive and Equipment Industry in Iskandariya [Alexandria], in Babil […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th May 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 1,012.2 -0.6% 11.2% RSISX USD Index 995.2 […]
The Iraqi Prime Minister, His Excellency Mohammed Shiaa Al-Sudani, officially launched Iraq's National Population Policy in Baghdad on 17 May. The occasion coincided with the annual conference of the Arab League's Council for Population and Development, which was hosted by the Government of Iraq in Baghdad, with support from the United Nations Population Fund (UNFPA). […]
By John Lee. [Correction: After publication, the Oil Ministry issued a "clarification", stating that Aramco is merely "studying cooperation mechanisms" with regard to Akkas.] Iraq's Minister of Oil has announced an agreement with Saudi Aramco to invest in the development of the Akkas gas field in Anbar province. During his participation in the Iraqi-Saudi Coordination […]
By John Lee. The UN Secretary General's special representative for Iraq has expressed concern over the infighting between the main political parties in Iraqi Kurdistan. In a statement on Twitter, Jeanine Hennis-Plasschaert said: "Ongoing political infighting in KRI is very disturbing. "Once again, we call on all parties to work in the interest of all […]
By John Lee. Spain has taken over command of NATO Mission Iraq from Italy, at a change of command ceremony in Baghdad on Wednesday. Full statement from NATO: Lieutenant General José Antonio Agüero Martínez of Spain assumed command of NATO Mission Iraq on Wednesday (24 May 2023) at a change of command ceremony in Baghdad. […]
By John Lee. An advisor to the Iraqi Prime Minister has criticised immigration to the country. Mudhar Muhammad Salih told the state-run Iraqi News Agency (INA) that foreign workers transfer $600 million annually out of Iraq, and work in sectors with "limited productivity", while unemployment in Iraq is 16 percent of the total workforce. He […]
By John Lee. The Iraqi Drilling Company (IDC) has signed a partnership contract with the American company Air Drilling Solutions. Few details were given, but a statement from the Ministry of Oil said the intention was to, "keep pace with the industrial and technological development in the oil industry sector, in addition to training and […]
From the Iraq Britain Business Council (IBBC): The IBBC management team attended an extensive round of meetings with officials in Iraq from May 14th - 20th. Led by IBBC President Baroness Nicholson and MD Christophe Michels, the visit first included the opening of and attendance at the first UK-Iraq Trade Fair at Al Burhan's new […]
DP World has launched what is says is the first direct freight service between the UAE and Iraq, "to make the flow of goods between the two countries faster, safer and more efficient." The service caters for what the industry calls "unaccompanied trailers" -- trailers which can be transported by sea without the driver and […]
By John Lee. Tamayouz Excellence Awards has invited architects and designers to submit their ideas to transform the underused Dakeer Island in Basra into a vibrant recreational urban destination for locals and visitors. As of now, Dakeer Island is packed with illegal settlements, wholesale and storage warehouses, and waste dumping areas. The shipyard business no […]
By John Lee. The Kurdistan Regional Government (KRG) has issued details of the Goma Span Dam, which is currently under construction in Erbil. With an area of 6.125 million square meters, it will be the biggest dam in Erbil province when completed, and the third largest in the Kurdistan Region after the Dukan and Darbandikhan […]
