Archive | 2019

Iraq's $1bn Used Car Parts Business

"It's a money-making machine," says garage owner Karhi Bakr, 59, about the import of secondhand car parts into the Kurdistan capital of Erbil. Containers full of parts from cars written off after accidents in the West continue to pour into the city, which has become a major hub for the trade. Some of the 200 or […]

KRI Airports improve Disaster Preparedness

The United Nations Development Programme (UNDP) and the courier company DHL , in partnership with the Joint Crisis Coordination Centre (JCCC) in Kurdistan Regional Government (KRG) conducted a workshop on Getting Airports Ready for Disasters (GARD) for the period 14th to 18th Apr. The workshop aimed to prepare airports personnel to handle the logistical situations […]

Iraq Struggles to Distance itself from US-Iran Tensions

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq struggles to distance itself from US-Iran tensions Iraq is trying hard to dissociate itself from the rising hostilities between Iran and the United States, as it hopes to preserve its national interests without […]

GardaWorld Weekly Security Report

GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]

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MoU to promote Gender Equality, Empowerment of Women

UN Women, Office of the President of the Republic of Iraq sign MoU to promote gender equality, empowerment of women UN Women in Iraq and the Office of the President of the Republic of Iraq signed a Memorandum of Understanding on 15 April 2019 providing a framework of cooperation in areas of gender equality and […]

Trial Production starts at Attock Cement

By John Lee. Attock Cement Pakistan Limited (ACPL), which makes the Falcon brand of cements, has announced that trial production has started at its newly-built plant in Iraq. The Express Tribune quotes analyst Syeda Humaira Akhtar as saying: "The demand scenario in Iraq is very strong and it is going to be stronger with expected […]

Iraqi Children Foundation, safeguarding Iraq's Future Generations

By Hussein Al-alak. Republished with permission. Iraqi Children Foundation, safeguarding Iraq's future generations For millions of people around the world, the welfare of Iraqi children is key to safeguarding the future peace and stability of Iraq. In this exclusive interview, Hussein Al-alak talks to Mohammed Khudairi, of the US based Iraqi Children Foundation (ICF), about […]

Recovery and Stability through Local Development

Supporting Recovery and Stability in Iraq through Local Development The Steering Committee of the programme Supporting Recovery and Stability in Iraq through Local Development held its first annual meeting in Erbil, on 17 April 2019. The programme is funded by the European Union (EU) with €47.5 million over 4 years, and implemented by the United […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th April 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD592 (+1.8%) / $636 (+1.7%) (weekly change) (-10.3% and -10.4% YTD change, respectively). The number of week traded […]