By John Lee. Iraq sees an average of about two million tourists a year, but a senior adviser to the Iraqi tourism ministry has told AFP that that number could be tripled to six million. The country hosts millions of Shiite Muslims on pilgrimages to its various holy sites, from Samarra in the north, about 125 […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Roadtrip Iraq is crossing the country from north to south, taking the pulse of a nation that is no longer at war but neither at peace:
Prime Minister Nechirvan Barzani met Turkey’s Prime Minister Receb Tayyip Erdogan to discuss recent developments in the Middle East, bilateral relations, the situation in Syria, developments in Iraq and the preparations for the Kurdish national congress. Mr Barzani was accompanied by the Kurdistan Regional Government’s Deputy Prime Minister Emad Ahmed, Natural Resources Minister Ashti Hawrami […]
Pau Gasol, National Basketball Association (NBA) champion and Goodwill Ambassador for the UN Children’s Fund (UNICEF), has wrapped up a visit to Iraq by urging additional support for the hundreds of thousands of Syrian children forced out of their homeland by conflict. “I met children who have fled from a tragic situation in Syria and […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is no stranger to tourism, with countless pilgrims visiting its religious shrines, but now the country that touts itself as the "cradle of civilisation" is seeing a growing number of tourists eager to […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st August 2013). Note: ISX will be closed from August 8, 2013 to August 11, 2013 due to the national holiday for Eid Al-Fitr. The next session will be held on Monday, August 12, 2013. Please click here to download a table of […]
By John Lee. Banking giant HSBC is reportedly struggling to exit its Iraqi operations, having had two proposals to sell its stake in Dar Es Salaam Investment Bank (DES) rejected by the country's regulator. We reported in June that HSBC was exploring options to dispose of its 70.1 percent holding in the Iraqi bank following […]
By Ali Abdel Sadah for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Prime Minister Nouri al-Maliki has admitted to a “defect and stupidity” in the contracts signed by Iraqi officials with international companies to improve his country's power distribution. On July 23, in a Baghdad meeting with […]
By Matthew Gayle. Iraqi parliament Oil & Energy Committee member, MP Suzan al-Sa'ad, recently stressed that the country's decline in crude oil production during 2013 will lead to major deficit in the federal budget of 2014. According to a report by the Oil Ministry, Iraq oil exports decreased at average of seven million barrels in […]
The Department of State has instructed certain U.S. Embassies and Consulates to remain closed or to suspend operations on Sunday, August 4. The Department has been apprised of information that, out of an abundance of caution and care for our employees and others who may be visiting our installations, indicates we should institute these precautionary […]
According to casualty figures released today by UNAMI, a total of 1,057 Iraqis were killed and another 2,326 were wounded in acts of terrorism and violence in July. The number of civilians killed was 928 (including 204 civilian police), while the number of civilians injured was 2,109 (including 338 civilian police). A further 129 members […]
Dear Readers, Iraq Business News would like to apologise for being unavailable for several hours on Thursday. The downtime was caused by an air-conditioning failure at our data centre, which meant that servers had to be switched off to prevent over-heating. The problem was beyond our control, and has now been resolved. We know that […]
