By John Lee. The KRG Minister of Municipalities and Tourism recently signed an agreement with ARGE Company; the ceremony was attended by Governor of Hawler, General Consul of Turkey in Hawler (Erbil), general director of water for Erbil province, the Mayor of Mergasor and the manager of implementing company. Later in a press conference the […]
By Saleh Elias. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. An old Mosul mechanic is shocking locals by restoring scrapped, vintage cars and making lots of money. The aging mechanic even talks to the vehicles to […]
On March 2, 2013, the U.S. Embassy with implementing partner Iraqi Green Peace Organization (IGPO) celebrated the graduation of 48 English Access Microscholarship Program scholarship recipients. Deputy Chief of Mission (DCM) Douglas Silliman and Mr. Samir Al‑Badrawi, Director of IGPO, congratulated the graduates and presented their certificates of completion. Dr. Mahdiya Abed Hasan, Baghdad Council […]
By Matthew Gayle. Egyptian Prime Minister Hesham Qandil has announced that a settlement has been made on the unpaid pension funds worth $60 million for Egyptian workers that once worked in Iraq. According to the Egypt Independent, over 450,000 Egyptian families will benefit from the settlement. The settlement was reached during a high-level meeting between […]
By Matthew Gayle. According to Lanka Business Online, approximately 100 containers of Ceylon tea from Sri Lanka started arriving in Iraq two weeks after a meeting between trade and commerce ministers from both countries. The containers, worth an estimated $13 million, were detained at the Iraq-Kuwait border, Aqaba Free Trade Zone of Jordan, and Umm […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th March 2013). Please click here to download a table of listed companies and their associated ticker codes. ID1,674 / $1,811 (-1.1%) (weekly change). The number of week traded shares was 39.8bn and the weekly trading volume was ID41.2bn ($34.3mn). ISX Company […]
By John Lee. The Iraqi parliament passed the 2013 budget of the 138 trillion Iraqi dinars ($118.5 billion) on Thursday, allocating to Kurdistan just a fraction of the oil revenue the region requested, reports Wall Street Journal. Ibrahim al-Mutlaq, a member of the parliamentary finance committee, said the budget allocates 750 billion Iraqi dinars ($644 […]
By John Lee. Overseas Filipino workers (OFWs) can be deployed again to Iraq and Yemen. Philippines Labour Secretary Rosalinda Baldoz said the Philippine Overseas Employment Administration (POEA) governing board has approved a resolution allowing deployment to the two Arab countries, reports Peninsula Qatar. (Source: Peninsula Qatar)
The governments of the United States of America and the Republic of Iraq reaffirmed today at the inaugural meeting of the Trade and Finance Joint Coordination Committee in Baghdad their commitment under the Strategic Framework Agreement to increasing bilateral trade and U.S. investment in Iraq. The goal of the Trade and Finance Joint Coordination Committee […]
Spain's Ambassador to Iraq yesterday presented the Head of the KRG's Department of Foreign Relations with the document naming Mr Dawood Jaff as Spain's Honorary Consul to the Kurdistan Region. Ambassador José Turpin visited Erbil to present the exequatur to Minister Falah Mustafa. Minister Mustafa stated: "This is an important step forward and we believe […]
By John Lee. Foreign Minister Hoshyar Zebari has met the Head of the Political Department at the Swedish Foreign Ministry, Bjorn Lerval, and the Swedish Ambassador to Iraq, Jörgen Lindström. During the meeting, the two sides discussed relations between the countries in addition to promoting the conditions of the Iraqi community in the Kingdom of […]
By John Lee. Egypt and Iraq have reportedly signed an agreement under which Iraq will supply Egypt with oil. On a recent visit to Iraq, Egyptian Prime Minister Hesham Qandil secured the supply of 4 million barrels of Iraqi crude oil per month, which will be supplied via pipelines across the Gulf of Aqaba. Another […]
