Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th April 2023). Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed starting from Apr. 20, 2023 (Thursday) to Apr. 24, 2023 (Monday) due to the religious holiday of Eid Al-Fitr. The […]
By John Lee. The Iraqi Cabinet has approved recommendations to transform Al-Rashid Camp in Baghdad. Plans include the development of a second Medical City at the Al-Rasheed Military Hospital, to include an air base, in addition to the provision of new green spaces. The lands of Al-Rashid Camp will be re-allocated to the Municipality of […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani (pictured), visited the East Baghdad oil field in Nahrawan and Suwayrah regions, expressing a commitment to increase crude oil production and invest in associated gas. The field currently produces 30,000 barrels per day, with a peak production goal of 40,000 barrels per day under the 2018 […]
By John Lee. The Pakistan Aeronautical Complex (PAC) has delivered its first batch of Super Mushshak trainer aircraft to Iraq. The planes were handed over in the presence of the Air Force Commander Shihab Jahid Ali, at the Air Base of Martyr Ali Fuleih in Iraq. The contract to supply the planes was signed almost […]
By John Lee. Iraq's Council of Ministers has approved the recommendation to convert the Sadr power station from a simple cycle to a combined cycle operation. The conversion will be done by the American company Stellar Energy for a total cost of $877,200, an increase of 3.2 percent from the original estimate. Total capacity will […]
By John Lee. Iraq's Minister of Agriculture, Abbas Jabr Al-Ali Al-Maliki, met with the Hungarian ambassador to Baghdad, Attila Tar, to discuss the development of Iraqi-Hungarian relations, specifically in agriculture. The ambassador presented areas of joint cooperation, including the manufacture of modern machinery, agricultural commodities, organic fertilizers, and scholarships. The Minister welcomed Hungary's participation in […]
By John Lee. The Prime Minister of Iraq, Mohammed S. Al-Sudani, met with the Japanese Ambassador to Iraq, Futoshi Matsumoto, along with the CEO of Toyota Iraq, Yutaka Ezaki, and the Representative of Sumitomo Corporation, Hajime Mori. They discussed ways to enhance bilateral relations between the two countries in all economic and developmental fields, with […]
WFP and Ministry of Environment host national consultations on climate action in Iraq The United Nations World Food Programme (WFP) and Iraq's Ministry of Environment held a three-day national consultation event aimed at enhancing the country's climate adaptation efforts. The workshop focused on bolstering Iraq's climate information system with the aim of having unified and […]
By John Lee. The Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani, has held a meeting to discuss the new Sadr City project, which aims to address the problem of overpopulation in Sadr City. The project will be built on a total area of 4,000 dunums (400 hectares). Full statement from the Media Office of […]
By John Lee. DNO, which operates the Tawke licence in Iraqi Kurdistan, has said today (Tuesday) that it now projects full-year 2023 production for Tawke to be below the previously communicated projection of 100,000 barrels of oil per day, as a result of the previously-advised shutdown in production. Full statement from DNO: DNO ASA, the […]
By John Lee. The Iraqi Jordanian Company for Industry, a joint venture set up by the Jordanian and Iraqi governments, has invited local and international companies to view the tender documents related to the development of the joint "Economic City" project (i.e. Free Zone) between Jordan and Iraq. The new zone will be built on […]
By John Lee. The Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani, met with members of the Parliamentary Investment and Development Committee to discuss laws and legislations that support the investment sector in the country. Al-Sudani said the Grand Faw Port and the Iraq-Turkiye railway line [Dry Canal project] as pioneering investment projects that could […]
