By John Lee. The Iraqi Ministry of Planning held a meeting with the German government to discuss development cooperation across various fields. The meeting, led by Dr. Saher Abdul Kadhim Mahdi, Director General of the International Cooperation Department, included the German Embassy's economic advisor and his delegation. The discussion covered development activities funded by Germany and upcoming development negotiations planned for July. The meeting also addressed the governmental work context and mechanisms for monitoring international commitments funded by Germany. (Source: Ministry of Plan ..read more

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 25th April 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 1,857.0 5.1% 19.5% RSISX USD Index 1,825.9 5.1% 19.5% ISX Market Summary of This Week Trading Vol. (IQD mn)/d 8,482.4 # of Listed Companies on the ISX 103 Trading Vol. ($ mn)/d 6.4 # of Traded Companies 66 Traded Shares (mn)/d 8,285     # of Compa ..read more

By John Lee. The Arab-British Chamber of Commerce (ABCC) has signed a Memorandum of Understanding with Baghdad Chamber of Commerce with the aim of developing a strong partnership to better serve their respective members. In a statement, they said this new initiative will enable them to be more responsive to meeting the needs of their respective members by organising joint events, research, training and fostering social entrepreneurship. The MoU was signed in the Board room at the ABCC's Mayfair office by Mr Abdeslam El-Idrissi, ABCC Deputy CEO & Secretary General, and Mr Husam Jawad Al Kur ..read more

By John Lee. Gulf Keystone Petroleum (GKP) has just published details of its payments to governments for the year 2023: Introduction This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary undertakings ("Gulf Keystone") for the year ended 31 December 2023 as required under Disclosure and Transparency Rule 4.3A issued by the UK's Financial Conduct Authority ("DTR 4.3A") and in accordance with The Reports on Payments to Governments Regulations 2014 (as amended in 2015) ("the UK Regulations") and our interpretation of the Industry Guidanc ..read more

From the United Nations Development Fund (UNDP): [Wednesday 24th April marked] the International Day of Multilateralism and Diplomacy for Peace, a day that celebrates the use of diplomacy as a language for governments to achieve peaceful resolutions and cooperation. This is particularly important today in the realm of water diplomacy. Iraq's geographical position as a downstream country in the basin of the famous Tigris and Euphrates rivers places it in a vulnerable situation, influenced by upstream activities that happen outside of its boundaries, and some within, such as dam construction, i ..read more

By John Lee. Iraq has signed a contract with Ukrainian company Ukrzemresurs to develop the Akkas gas field in Anbar Province. According to a statement from the Ministry of Oil, the goal is to increase national production by an additional 400 million standard cubic feet per day (MMSCFD) of gas within four years, to supply power stations; 100 MMSCFD is planned in the first stage (1-2 years). The Ukrainian company will replace the South Korean company Kogas in operating the field. Rights to the field were originally awarded to a consortium of Kogas and KazMunaiGas (KMG) in the third licensing rou ..read more

By John Lee. At a meeting in London on Wednesday (24th April), Iraq's Minister of Agriculture Dr. Abbas Jabber Al-Maliki met with the UK's Minister of State for Trade and Investment, Lord Dominic Johnson, to discuss strengthening British investments in Iraq's agricultural sector. Attendees included Baroness Emma Nicholson, the British Prime Minister's Trade Envoy to Iraq and President of the Iraq Britain Business Council (IBBC); and Dr. Amet Selman, CEO of AAA Holding and Chairman of IBBC's Agritech Committee. The discussion focused on expanding economic collaboration between the two countries ..read more

By John Lee. Baker Hughes has signed a memorandum of understanding (MoU) with the Halfaya Gas Company (HGC), with the objective of setting the basis to establish a collaboration for a gas flaring reduction project at the Nahr Bin Umar [Nahr Ben Umar] gas processing plant in southeastern Iraq. The signing took place in Washington, D.C., in the presence of H.E. Mohammed Shia' Al Sudani, prime minister of the Republic of Iraq, during the prime minister's official visit to the United States to strengthen bilateral ties and facilitate new private sector initiatives, including enhancing the resilien ..read more

By John Lee. Qatar's Elegancia Healthcare, a subsidiary of Estithmar Holding, has entered into a second strategic agreement with the Iraqi Ministry of Health to manage and operate the 492-bed Al Hasan Al Mujtaba Teaching Hospital in Karbala Governorate. The hospital is one of six for which the Iraqi Ministry of Health invited interested parties to pre-qualify in August 2023. This agreement is the second of its kind for Elegancia Healthcare in Iraq, with an agreement signed to operate Al Nasiriya Teaching Hospital in Dhi Qar Governorate earlier this month. The latest agreement was signed by Dr ..read more

By Amnesty International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. At least 13 people in Iraq have been executed on a single day this week, said Amnesty International, as the organisation called on the Iraqi authorities to halt all further executions. On 22 April, at least 13 men were put to death in Nasiriyah Central Prison, in the southern governorate of Thi Qar, following their conviction on overly-broad and vague terrorism charges. Amnesty is concerned that many more people may have been executed in secret amid a dis ..read more