» Iraq signs Gas Field Development Contract
31/10/24 21:54 from Iraq Business News
By John Lee. The Iraqi Ministry of Oil has signed a contract to develop the Mansuriya gas field in Diyala province. The contract, awarded to a consortium of China's Jereh (represented by Mr. Li Weibin, the managing director of Jera), and...
» Iraqi PM Reviews Progress on Iraq-Turkiye Agreements
31/10/24 21:53 from Iraq Business News
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a committee meeting to evaluate the progress of agreements and memoranda of understanding with Türkiye, signed during the Turkish President's visit to Baghdad in April. Key topics...
» Bridgestone signs Iraq Tyre Deal
31/10/24 21:52 from Iraq Business News
By John Lee. Baghdad-based Al-Jawadeen Group, which describes itself as Iraq's largest tyre supplier since 1991, has announced a strategic partnership with Japanese tyre-maker Bridgestone. According to a statement from Al Jawadeen, both ...
» Iraq Stock Market Report
31/10/24 21:31 from Iraq Business News
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 31st October 2024). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSIS...
» Iraq Approves Creation of New City
30/10/24 21:52 from Iraq Business News
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired the regular meeting of the Higher Committee for Investment and Reconstruction on Wednesday, during which investment projects across economic and developmental sectors were revie...
» IHEC issues Finalised Kurdistan Election Results
30/10/24 21:51 from Iraq Business News
By John Lee. The Kurdistan Democratic Party (KDP) has come first in the parliamentary elections in the semiautonomous Kurdistan region of Iraq, winning 39 of the 100 seats. Turnout was approximately 72 percent. Commentary here from Al Ja...
» CNOOC Confirms Contract to Develop Iraq's Block 7
30/10/24 18:50 from Iraq Business News
By John Lee. The China National Offshore Oil Corporation (CNOOC) has announced that its wholly owned subsidiary, CNOOC Africa Holding Ltd., has entered into the Exploration, Development & Production Contract (EDPC) with Iraq's state-...
» ILO to support Youth Start-Ups in Iraq
29/10/24 21:53 from Iraq Business News
By John Lee. The International Labour Organization (ILO) and Iraq's Higher Council for Youth launched a national program to equip Iraqi youth with skills in the green economy, career guidance, and decent work practices. The program inclu...
» Iraq applies additional Customs Duty on imported Thermstone
29/10/24 21:52 from Iraq Business News
By John Lee. In efforts to bolster national product protection, Iraq's Cabinet has approved recommendations from the Ministry of Industry and Minerals to apply additional customs duty on imported Thermstone (also known as Thermostone, or...
» Crisis Hits Hospitals in Iraq
29/10/24 21:51 from Iraq Business News
By Susan Schulman for the Pulitzer Center. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Crisis Hits Hospitals in Iraq In Iraq, where the confluence of war, economic tu...
» QatarEnergy to take a 50% of TotalEnergies Iraq Solar Project
28/10/24 21:54 from Iraq Business News
By John Lee. QatarEnergy is to take a 50-percent stake in the TotalEnergies solar energy project in Iraq: Partnership Agreement: QatarEnergy has signed an agreement with TotalEnergies for a solar power project in Iraq as part of the Gas ...
» Investigation into Recording Alleging Iraq Corruption
28/10/24 21:53 from Iraq Business News
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has instructed the Commission of Integrity to initiate an urgent investigation into the leaked audio recording attributed to the Head of the General Commission of Taxes and to prese...
» TotalEnergies' Gas Investment Project in Basra "On-Track"
28/10/24 21:52 from Iraq Business News
By John Lee. Iraq's Oil Ministry reported steady progress on the gas investment project led by French company TotalEnergies in Basra, confirming it aligns with the government's strategic timelines. Deputy Oil Minister for Extraction, Mr....
» Iraq Finalises Contracts for latest Energy Licensing Rounds
28/10/24 20:31 from Iraq Business News
By John Lee. Iraq's Ministry of Oil has finalised contracts for the "fifth-plus" and sixth oil licensing rounds with the successful companies. Minister Abdul Ghani highlighted that these agreements, which cover the development of oil and...
» Iraq Explores for Limestone and Gypsum
27/10/24 21:53 from Iraq Business News
By John Lee. The Iraq Geological Survey, part of the Ministry of Industry and Minerals, has started new exploration projects for limestone and gypsum reserves in Anbar and Nineveh provinces, respectively. In Abu Safia, Anbar, teams are s...
» Iraq to Grow by 4.1 percent in 2025
27/10/24 21:52 from Iraq Business News
By John Lee. According to the recently-published World Economic Outlook from the International Monetary Fund (IMF), Iraq's economy is forecast to grow by 4.1 percent in 2025, up from 0.1 percent this year. A rate of 4.2 percent is projec...
» Iraq Attracts $100bn in Investments; $5bn Deal with Elsewedy Electric
27/10/24 21:51 from Iraq Business News
By John Lee. Iraq's government has successfully attracted $100 billion in investments over the past two years, according to Mohammed Al-Najjar, advisor to the Prime Minister for Investment and head of the Iraq Development Fund. He told t...
» Iraq Reduced Oil Exports in September
26/10/24 21:53 from Iraq Business News
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for September, but has again not disclosed the value of oil exports for the month. This continues the practice of delayed or missing oil export data from the ...
» 4-Country Meeting on Development Road Project
26/10/24 21:52 from Iraq Business News
By John Lee. Representatives from Iraq, Turkey, the UAE, and Qatar gathered in Basra to discuss the latest developments in the "Development Road" project. The meeting focused on finalizing the economic feasibility study and defining key ...
» Iraq "buys Air Defenses amid Spectre of Regional Missile War"
26/10/24 21:51 from Iraq Business News
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq buys air defenses amid specter of regional missile war Amid the prospect of a major escalation of r...
» Iraq-UAE Investment Dialogue Focuses on Technology
25/10/24 20:53 from Iraq Business News
By John Lee. Dr. Haider Mohammed Makiyya, Chairman of Iraq's National Investment Commission (NIC), held discussions with UAE Ambassador Abdullah Matar Al Mazrouei in Baghdad, focusing on advanced technological frameworks for the "Electro...
» AGSIW: China's Rise in Iraq's Energy Sector
25/10/24 20:52 from Iraq Business News
By Yerevan Saeed and Sardar Aziz for the Arab Gulf States Institute in Washington (AGSIW). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China's Rise in Iraq's Energy S...
» Iraq approves Change of Terms for Kirkuk Refinery Project
25/10/24 20:51 from Iraq Business News
By John Lee. The Iraqi Council of Ministers has approved the conversion of the Kirkuk hydrogenation and gasoline improvement project, with a capacity of 12,000 barrels per day, from a Build-Own-Operate (BOO) model to a Build-Operate-Tran...
» Iraqi Project gets $29m for Climate Resilience
24/10/24 20:54 from Iraq Business News
By John Lee. In what it describes as a landmark decision, the Green Climate Fund (GCF) has approved funding for two transformative projects valued at $134 million, to support adaptation and enhance the climate resilience of vulnerable ag...
» Iraq to Complete First Phase of Grand Faw Port in 2025
24/10/24 20:53 from Iraq Business News
By John Lee. Iraq's Ministry of Transport has announced that the first phase of the Grand Faw Port will be completed by next year. The project is part of the broader Development Road initiative, with progress continuing steadily. The des...
» IFC reviews Baghdad Airport Development Project
24/10/24 20:52 from Iraq Business News
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has presided over a meeting with a delegation from the International Finance Corporation (IFC), a member of the World Bank Group, to follow up on the Baghdad International Airport (...
» Iraq Stock Market Report
24/10/24 20:51 from Iraq Business News
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 24th Oct 2024). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX In...
» $180m Investment for Service Projects in Wasit Province
24/10/24 07:16 from Iraq Business News
By John Lee. Prime Minister Mohammed Shia Al-Sudani has announced the approval of eight new service projects in Wasit Province, with a total cost of 236 billion dinars [$180 million]. The projects focus on improving water and sewerage in...
» Iraq Allocates £9m for 3 Coast Guard Vessels
23/10/24 20:51 from Iraq Business News
By John Lee. In a move to enhance the capabilities of its security forces, the Iraqi government has approved a budget allocation of 12 billion dinars [$9 million] from the emergency reserve fund. The funds will be used to complete the co...
» Iraq Initiates Steps for 5G Implementation
23/10/24 20:51 from Iraq Business News
By John Lee. The Iraqi government has assigned a team led by the Minister of Communications to negotiate with leading global telecom operators to launch a 5G mobile telecommunications service. The team will focus on selecting a company w...