By John Lee. Iraq’s justice minister, Hassan al-Shimmari, said on Tuesday that the notorious Abu Ghraib prison just outside Baghdad has been shut due to unspecified security concerns. According to a report from Washington Times, the prison’s 2,400 inmates have been taken to other facilities across the country. Several months ago, rebel al Qaeda groups […]
By Constellis Consulting www.constellis-consulting.com Despite repeated claims that Muqtada al–Sadr will remain on the sidelines of politics with regard to the upcoming elections, the latter has multiplied public appearances, in a clear attempt to influence the voting. On 13 April, Sadr met with influential Shia cleric Ali Al-Sistani and released a joint statement condemning sectarianism and violence. […]
Iraq’s Finance Minister, HE Dr. Safauddin Mohammed Al Safi, and the Acting President of the Islamic Development Bank (IDB), Dr. Abdul Aziz Al Hinai (pictured), have signed an agreement for $217 million to fund the construction of Expressway No. 1, a major trade-corridor connecting Iraq to its neighbouring countries. The signing was attended by HE […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th April 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,823 (+0.1%)/ $1,943 (+0.1%) (weekly change). The number of week traded shares was 14.4bn and the weekly trading […]
The Special Representative of the United Nations Secretary-General (SRSG) Mr. Nickolay Mladenov (pictured) has reaffirmed UN support to Iraq in its fight against corruption. This came at the opening session of the Baghdad Second International Forum on Stolen Assets Recovery, which was organized by the Integrity Commission. “The UN is taking accountability, transparency and anti-corruption […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On April 4, the Iraqi Council of Ministers endorsed the “national safety” bill, which regulates the state of emergency and defines the prime minister’s powers and the steps he can take during “emergency” measures, which […]
The Bulgarian Deputy Minister of Economy and Energy, Krassin Dimitrov, visited the KRG Department of Foreign Relations today to brief officials about his visit to Kurdistan. He is leading a delegation comprised of officials from both the public and private sectors visiting Kurdistan. The Iraqi Council of Ministers approved the Bulgarian government’s request to open […]
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. E-Waste Comes to Karbala: Old Phones and Computers Threaten Public Health In the relatively prosperous city of Karbala, locals are used to buying cheap mobile phones, then simply throwing them out […]
By John Lee. The Philippines-based International Container Terminal Services Inc (ICTSI) said on Thursday that it signed a contract with General Company for Ports of Iraq, agreeing to operate, develop and expand the Port of Umm Qasr. In a stock exchange filing, the company said the contract grants it the right to manage and operate […]
By John Lee. Iraq has lifted a ban on the importation of rice from Thailand. The ban was imposed on private exporters in August due to quality concerns, but the Thai government has continuously defended the quality of its rice. The Iraqi government had already stopped purchasing rice directly from its Thai counterpart three years […]
By John Lee. The Abu Dhabi Islamic Bank (ADIB) is the latest bank to expand business in Iraq, according to a report from The National. Currently the only UAE lender to operate in Iraq, ADIB plans to open a branch in Basra before the end of the year after it opened a branch in Erbil […]
MEED’s Kurdistan Projects conference 2014 shows why the region, long seen as a platform for doing business elsewhere in Iraq, has now become a hotspot for investments. The Kurdistan Region of Iraq has long been considered as a business friendly environment for foreign companies and a gateway for doing business elsewhere in the country. But […]
