Prime Ministers Keir Starmer of the United Kingdom and Mohammed S. Al-Sudani of Iraq have unveiled an ambitious £12.3 billion ($15 billion) trade and investment package, aimed at strengthening economic ties and driving prosperity between the two nations. This historic agreement is a testament to the growing collaboration between the UK and Iraq, marking a tenfold increase in trade...
Iraqi Foreign Minister Fuad Hussein met with British National Security Advisor Jonathan Powell on Wednesday, January 15, 2025, to discuss pressing security concerns in the Middle East, particularly the situation in Syria and its ripple effects on neighboring nations.
During their conversation, the two officials addressed a range of topics concerning the growing bilateral ties between Iraq and the United...
Iraqi Prime Minister Mohammed Shia Al-Sudani met with UK King Charles III on Tuesday, January 14, 2024, to discuss strengthening the bilateral relationship between Iraq and the UK. The meeting, held at Buckingham Palace in London, focused on enhancing cooperation in several key areas, including economic development, climate change, and cultural exchange.
Al-Sudani expressed his gratitude for the official invitation...
In a significant yet turbulent legislative development, the Iraqi Parliament voted on Monday to extend the mandate of the Independent High Electoral Commission (IHEC) for two more years. This decision comes after a previously postponed session, which was marked by political tensions and procedural setbacks.
The parliamentary vote on Monday followed the disruption of Sunday’s scheduled session, which had been...
The Iraqi Securities Commission (ISC) has released its key financial and economic indicators for 2024, showing notable growth in the Iraqi stock market's performance. According to the statement, this growth demonstrates increased confidence in the market's role in supporting the national economy.
Listed Companies Overview:
Total Listed Companies:Â 112 joint-stock companies
Formal and Secondary Markets:Â 104 companies
ISX-OTC Platform:Â 8 companies
Government Bonds Activity:
Key Bonds Traded:
Construction Bonds:...
The Iraqi Cabinet has introduced new guidelines for managing scrap metal, military surplus, and industrial waste. The key points of the new regulations are as follows:
Free Transfers: The Ministries of Defence, Interior, and other security agencies will now transfer decommissioned military equipment, empty ammunition cases, and military-grade scrap metal to the Military Industrialisation Authority without any cost.
Brass Transfers: All...
Iraqi Prime Minister Mohammed Shia' al-Sudani emphasized the importance of amending the budget law to address the oil production costs in the Kurdistan region, as proposed by the government, without any changes.
In a statement issued by the Prime Minister's media office on Wednesday, January 29, 2025, it was reported that al-Sudani hosted a meeting at the government palace with...
BP has signed a preliminary agreement with H.E. Hayan Abdul Ghani, Iraq’s Deputy Prime Minister for Energy Affairs and Minister of Oil, marking a significant milestone in talks for the redevelopment of oil and gas fields in the Kirkuk region of northern Iraq.
This new agreement builds on a memorandum of understanding (MoU) signed earlier this year between BP and...
Iraq's Minister of Electricity, Eng. Ziyad Ali Fadel, led a technical meeting with ministry officials, representatives from the Central Region Electricity Production Company, and a delegation from Ethios Energy to accelerate the rehabilitation of the Al-Doura Gas Power Plant in Baghdad.
During the meeting, the minister emphasized the need to quickly restore the plant's power generation capacity to meet growing...
Iraq's Minister of Communications, Dr. Hayam Al-Yasiri, announced that the Cabinet has approved British multinational Vodafone to operate the country's national 5G mobile license.
This decision follows recommendations from the Ministry’s negotiation team. The Ministry will now officially notify Vodafone to begin talks on a memorandum of understanding (MoU), which will outline the initial steps for implementing the 5G project....