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By John Lee. Iraq's Minister of Electricity, Ziad Ali Fadel, recently hosted the Finnish Ambassador to Iraq, Ms. Anu Saarela, along with a delegation from Wärtsilä, a company specializing in the installation and maintenance of engines. During the meeting, the minister emphasized the government and ministry's commitment to fostering common prospects, job opportunities, and partnerships, […]By John Lee. The Iraqi Cabinet has approved recommendations from a consultative meeting aimed at addressing traffic congestion and regulating working hours for state departments. The key measures are: Adjusted Office Hours: Official working hours for government departments in Baghdad will be trialed for three months after Eid al-Fitr, with reevaluation afterward. Different start and […]Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th March 2024). 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 1,555.7 -8.2% 0.1% RSISX USD Index 1,529.7 […]By John Lee. Ziad Ali Fadel, Iraq's Minister of Electricity, has signed a five-year gas supply agreement with the Iranian National Gas Company (INGC). The contract involves daily gas delivery rates of up to 50 million cubic meters, adjustable based on system requirements. This initiative aims to sustain the momentum of power generation stations, ensuring […]By John Lee. The Iraqi Securities Commission (ISC) has announced the signing of a mutual cooperation agreement with the UK's Chartered Institute for Securities and Investment (CISI), marking the first Iraqi-British agreement in the financial market sector. This pact entails the exchange of information related to financial training programs and signifies a significant advancement in […]By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for February, but has still not disclosed the value of oil exports for the month. This follows an increasing trend of delayed or missing oil export data from the Ministry. Total exports of crude oil: 99,592,311 barrels. Oil fields in central and […]By John Lee. Genel Energy plc has announced its audited results for the year ended 31 December 2023. Paul Weir (pictured), Chief Executive of Genel, said: "We have continued the journey that we commenced in 2022 to, firstly, refocus the business on areas where it can be profitable and deliver shareholder value and, secondly, optimise […]By John Lee. Tamayouz Excellence Award has invited architects, designers, engineers and artists to join in designing a new Iraq Pavilion for a Global Exposition at the Baghdad International Fairground. The Baghdad International Fairgrounds, situated on Damascus Street in the Al-Mansour District, across from Baghdad Mall, is a hub for various events; Every October, the […]From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Duhok's flood severely damage resorts, owners demand compensation from gov't Last week's flood severely damaged some resorts in Duhok province's Zakho, with the affected calling on the government to compensate them. Click here to […]By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq And Iran Will Expedite Development Of Sanctions-Busting Shared Oil Fields A key reason why oil prices have remained relatively subdued despite the ongoing Russia-Ukraine and Israel-Hamas wars is that […]By John Lee. The Iraqi Oil Ministry has responded to criticism from the trade body representing international oil companies (IOCs) operating in Iraqi Kurdistan, as they mark the one-year anniversary of the closure of the Iraq-Turkey Pipeline (ITP) connecting northern Iraq with the Mediterranean port of Ceyhan. Highlighting the economic cost of the pipeline closure, […]By John Lee. Iraq's Ministry of Transport has said it will add 50 new locomotives to its rail fleet, in addition to repairing all existing locomotives and bringing them back into service. The maintenance and rehabilitation work will be carried out at facilities including Al-Shalchiya maintenance facility in Baghdad, Samawah (Middle Euphrates Railways), Beiji (Eastern […]
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