Archive | 2016

Building Market Opportunity and Women’s Networks in MENA

By Madeleine White Reflections on Trade+ Impact summit, in Ifrane, Morocco 19-23rd September 2016 Madeleine is co-founder of Nina magazine, Impact director of Enterprise development NGO Challenges Worldwide (a founder member of the Access to Finance for Rural Enterprise (ACRE) consortium). Madeleine contributed to discussions around the importance of impact investment and social enterprise within wider economic […]

Genel Energy receives Payment for July Sales

By John Lee. Genel Energy has announced that the Taq Taq field partners have received a gross payment of $23.37 million from the Kurdistan Regional Government ('KRG') for oil sales during July 2016. Genel's net share of the payment is $12.85 million. The payment reflects full settlement of the invoiced amount for July 2016 oil […]

Iraq-Armenia Trade reaches $120m

By John Lee. Trade between Iraq and Armenia has increased to $120 million per annum. The news came as the Foreign Ministers of Armenia and Iraq met in New York to discuss the deepening of cooperation between the two countries. Edward Nalbandian and Ibrahim al-Jaafari attached importance to the organization of high-level mutual visits, efficient […]

New Zealand contributes to Stabilization in Iraq

The Government of New Zealand has contributed US$1 million to UNDP’s Funding Facility for Immediate Stabilization (FFIS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL). Based on priorities identified by the Government of Iraq and local authorities, FFIS helps to quickly repair public infrastructure, provides grants to small […]

Scholarship Scheme for Syrian refugees in Kurdistan

UNHCR scholarship scheme helps Syrian refugees access university degrees in the Kurdistan Region of Iraq UNHCR, the UN Refugee Agency, in coordination with the Ministry of Higher Education and Scientific Research of the Kurdistan Region of Iraq (KR-I), this week opened its DAFI scholarship enrolment programme in KR-I and started receiving applications. UNHCR’s higher education […]

Why is Iraq not Profiting from Religious Tourism?

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Every year, the number of pilgrims visiting religious sites in Iraq increases. After Iranians were not allowed to travel to Mecca to perform the hajj this year due […]

Iraq’s Technocrat Ministers under Threat

By Omar al Jaffal for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On Sept. 5, unidentified gunmen attacked the home of Ann Nafaa Awsei, the newly appointed minister of construction, housing and public municipalities, in the Iraqi capital, which resulted […]

Oil Minister calls for Investment in Nasiriya Refinery

By John Lee. Oil Minister Jabar Ali al-Luaibi (Allibi) has called for local and international companies to invest in the Nasiriya Refinery project in Thi-Qar province. He also called the concerned authorities to solve all the administrative hindrances which might delay the project in order to award it to the companies which are going to […]

Zebari Dismissed - What now for IMF Loan?

By Omar Sattarfor Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. What's the status of IMF loan as Iraq dismisses finance minister? Prior to his dismissal Sept. 21, Iraqi Finance Minister Hoshyar Zebari ran successful negotiations with international banks to obtain […]

Poll: Do Trump Supporters believe the Iraq Dinar Myth?

A recent poll found that support for popular conspiracy theories is strongest among Donald Trump supporters. But is it also true that Trump supporters are more likely to believe that the Iraqi Dinar will re-value by something of the order of 1,000 times, turning a $1,000 'investment' into $1,000,000 overnight? Please tell us your opinion […]

Iraq Signs Convention on Sexual Violence in Conflicts

Iraq Signs a Joint Convention on Cooperation and Coordination in Issues of Sexual Violence in Conflicts Minister of Foreign Affairs Dr Ibrahim Al-Jaafari signed a joint convention concerning cooperation and coordination in sexual violence in conflicts, with the Special Representative of the United Nations Secretary General on Sexual Violence in Conflict, Ms Zainab Bangura. The […]