By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "Private Sector Deposit & Loan Growth Continues" The market, as measured by the Rabee Securities RSISX USD Index (RSISUSD), was up 1.0% in […]
From the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Powering Iraq: Challenges Facing the Electricity Sector in Iraq On February 21, 2020, Iraq recorded its first case of the novel coronavirus. Five months later, total recorded cases […]
The Ministry of Foreign Affairs of the Republic of Korea (MoFA) is supporting the United Nations Development Programme (UNDP) with an additional USD 5M million to support stabilization activities in areas liberated from the Islamic State of Iraq and the Levant (ISIL) in Iraq. The Republic of Korea's contribution will be channeled through UNDP's Funding […]
UN signs financing agreement with the Netherlands to support UN electoral assistance to Iraq The United Nations in Iraq welcomes the contribution of EUR 3 million from the Netherlands to a UN-led project to support and assist capacity-building within the Independent High Electoral Commission (IHEC). The Dutch funding will also support deployment of UN electoral […]
By Omar al-Jaffal for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Muqtada al-Sadr may be preparing a bid to be Iraq's next prime minister The populist cleric appears to be gearing up for the upcoming parliamentary elections slated for June […]
UNICEF and New Zealand partner to protect and support children and young people in Iraq UNICEF has welcomed a boost of new funds amounting to USD 1.3 million dollars from the New Zealand Government in support of its Country Programme in Iraq. With this generous funding from New Zealand's Ministry of Foreign Affairs and Trade, […]
By Nahal Toosi, for Politico. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Trump pulling dozens of diplomats out of Iraq The Trump administration is pulling out as many as half of America's diplomats from the U.S. Embassy in Baghdad as tensions spike with […]
UNICEF receives 26 million from Germany to support national systems and ensure vulnerable children in Iraq receive quality basic and social protection services in Iraq The German Government, through its Development Bank, the Kreditanstalt für Wiederaufbau (KfW), has contributed 26 million Euros to UNICEF in order to help the agency in its ongoing efforts to […]
KRG Prime Minister Masrour Barzani has presided over the contract signing ceremony between the Ministry of Interior and Germany's Mühlbauer Group to digitalize key public services. During the ceremony, the Prime Minister said that the KRG has no choice but to move forward with technological advancements, recalling the cabinet's agenda on digitalization and commitment to […]
By John Lee. The Governor of Najaf governorate has announced a new road project linking the governorate with Saudi Arabia. Luay Al-Yassiry (pictured) is quoted as saying that the project will include the paving a 239-kilometer road, and the building of border outlets and areas for trade. The first phase of the project includes paving […]
The 94 local winners of the Seedstars World Competition (SSW) 2020 have been announced and maintenance service startup Fix-it is set to represent Iraq in the next round of the competition. From the MENA region, 18 startups are set to compete for a spot at the Global Finale, where the grand prize is $500K in […]
By John Lee. Genel Energy has announced that, following first oil production last week, first liftings have taken place from the Sarta field (Genel 30% working interest). According to a statement from the company, the Sarta-3 well is producing at an initial rate of over 5,000 bopd, with an API gravity of c.27 degrees, in […]
