Reimagining a way forward: Iraq's economy and energy sector in the post-invasion era The Atlantic Council's Iraq Initiative invites you to a hybrid panel discussion on Monday, April 24, 2023, from 3:00 - 4:30 pm ET featuring distinguished speakers and experts examining the state of Iraq's economy and energy sector over the past two decades […]
By John Lee. Saudi Arabia's Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, held a meeting in Riyadh with Iraqi Minister of Electricity, Engineer Ziad Ali Fadel. During the meeting, they discussed the developments in the electrical interconnection project between the two countries. This project will contribute to supporting the reliability of […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed drilling the directional oil well Zubair/566 at a depth of 2471 meters, as part of the contract with the Italian company ENI to drill 37 oil wells in the Zubair oil field in Basra. This project is being carried out in cooperation with the […]
By John Lee. Iraq's oil exports to Jordan by truck have reportedly stopped at the end of March. Jordan Times cites sources as saying that a new deal is waiting to be signed, implying that the delay is on the Iraqi side. Oil exports by road to Jordan totalled 309,841 barrels last month. (Source: Jordan […]
By John Lee. KRG President Nechirvan Barzani met with Antonio Tajani, the Foreign Minister of Italy, in Rome this week. The meeting discussed strengthening of bilateral relations of Italy with Iraq and the Kurdistan Region, opportunities for Italian investments and jobs in Iraq and the Kurdistan Region, and expanding collective cooperation, especially in the fields […]
By John Lee. US-based Duck Donuts has said it has signed a franchise agreement for 10 shops in Iraq. Eric Lavinder, Duck Donuts chief development officer, said: "We welcome our newest franchise partners to the system and look forward to supporting them throughout their journey as a small business owner." The company did not disclose […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th April 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 1,000.3 5.5% 9.9% RSISX USD Index 983.6 […]
By John Lee. Iraqi Airways has started new flights between Baghdad, Moscow (Russia) and Medina (Saudi Arabia). The Ministry of Transport announced the resumption of these routes this week, after a hiatus of more than three decades. The Director General of Iraqi Airways, Eng. Karim Kazem Hussein, added that the fleet will continue to be […]
By Dr Rebean Al-Silefanee, Researcher and University lecturer, University of Kurdistan Hewlêr. Twitter: @R_Alsilefanee. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's education system has faced incredible challenges as a result of long-standing socio-economic and political turmoil, ranging from the Iran-Iraq war to the […]
By John Lee. The Chairman of the Kurdistan Investment Board (KIB) has met with the German companies Martin Rose GmbH and HG Gruppe to discuss investment projects in road and railway construction. According to the KIB, both companies have experience in constructing high bridges, roads, and railways in Europe, Africa, and the Middle East, and […]
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Ismail Al-Alaq, has met with a delegation from Iron Point Iconiq (IPI Partners), one of the largest data center owners in the world. Operating in 26 markets across the United States, Europe, and Asia, the company owns data centers serving the […]
By John Lee. Iraq's Ministry of Transportation is considering the purchase of two Falcon aircraft from the French company Dassault. Based on the directives of the Minister of Transportation, Mr. Rizk Mahayibes Al-Saadi, to follow up on files of utmost importance in the operation of Iraqi Airways, a ministerial committee was formed to follow up […]
