By John Lee. Iraq's Communications and Media Commission (CMC) has invited expressions of interest from specialized consulting companies to conduct a market study on the state of communications in the country, including opportunities, challenges, and future steps. The study will contribute to the implementation of the Commission's plan for optimal use of frequency spectrum and […]
By John Lee. A delegation from the Iraqi Ministry of Transport has travelled to Russia for discussions on cooperation in the transport sector. The Director of Iraq's General Company for Land Transport, Mortada Karim Al-Shahmani, discussed cooperation in land transportation of people and goods between Iraq and Russia. The meeting resulted in finalising a cooperation […]
Prime Minister Mr. Mohammed S. Al-Sudani, presided over a meeting to discuss the "Comprehensive Vision for the Development of the Agricultural Sector." The meeting was attended by the Higher Committee for Agricultural Development in Iraq, which includes the Prime Minister's Advisory Board and representatives from the Ministry of Agriculture, Ministry of Water Resources, Ministry of […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th May 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Return RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,049.2 -2.6% 15.3% RSISX USD Index 1,031.6 […]
By John Lee. Iraq will hold an international conference in Baghdad at the end of May to discuss the plans for the "development road project", sometimes referred to as the "dry canal project". The project will link Iraq's Grand Faw port by rail to the Mediterranean, with the intention of providing a cost-effective alternative to […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, received Jordan's Minister of Energy and Mineral Resources, Saleh Ali Hamid Al-Kharabsheh, and his accompanying delegation on Thursday. During the meeting, they agreed to renew the contract for Iraq to export 10,000 barrels per day (bpd) of crude oil to Jordan, starting this month. Iraq's oil […]
By John Lee. Iraq's Council of Ministers has approved the renewal of two contracts between the Ministry of Electricity's General Company for the Transmission of Electricity for the Northern Region and energy suppiers: Qaiwan's contract to supply 400-800 megawatts of energy to be extended for one year; Kar Group's contract for the supply of 150-385 […]
By John Lee. Iraq's General Company for Glass and Refractories has signed a partnership contract with what the Ministry of Industry describes as the "Federation of Russian Companies". The partnership aims to establish and rehabilitate seven glass and ceramic factories in Anbar governorate: A sanitary ware and ceramics production plant with a capacity of 15 […]
By John Lee. The Iraq Civil Aviation Authority (ICAA) has directed Iraqi Airways to ground its Airbus A220-300 aircraft. According to a letter from the ICAA on 3rd May, "it was decided to stop operating all aircraft of the aforementioned model (A220-300) immediately and until further notice, and until the investigation procedures are completed." The […]
By John Lee. The head of Iraq's Communications and Media Commission (CMC) has said the regulator has won a judicial decision against Korek Telecom, obliging the company to pay approximately $800 million to the Iraqi state treasury. The decision resolves a long-standing legal dispute between the commission and the company over unpaid dues, and Dr. […]
By Dr. Layth Mahdi. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq: A roadmap for successful economic development With every change of government, we hear similar political statements about rebuilding Iraq. I genuinely believe the Iraqi people are capable of developing an economy […]
By John Lee. According to a report from Rudaw. the director of Baghdad International Airport (BIAP) has submitted his resignation on Sunday, following an encounter with Prime Minister Mohammed Shia' al-Sudani, at which the PM strongly criticized the director for the airport's poor quality of services. Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani, has […]
