Archive | 2020

Integrity Commission restored $2bn to Iraqi Treasury

From Middle East Monitor, under a Creative Commons licence. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's official anti-corruption agency stated in its latest annual report that it restored 2.84 trillion Iraqi dinars ($2.38 billion) to the Treasury in 2019. The Federal […]

Video: Iraq Bans Iran Arrivals amid Coronavirus Fears

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is setting up quarantine areas aimed at preventing the spread of coronavirus from across the border with Iran. Neighbouring Iran has reported its sixth death from the disease. There are fears that […]

New UNFPA Country Programme Document 2020-2024

The Government of Iraq, represented by the Ministry of Planning, and UNFPA launched the Fund’s third Country Programme Document (CPD) for 2020-2024, at the Ministry of Planning’s premises on 20 February 2020. The CPD, which was developed in collaboration with the Government of Iraq, United Nations agencies, human rights institutions and civil society organizations, is […]

Restoring critical Healthcare Services to Mosul

The newly-rehabilitated Al Shifa Surgical Center was officially opened by United Nations Development Programme (UNDP) and the Government of Iraq today. The surgical center will serve as the primary medical facility for approximately 800,000 people across East Mosul. This major project included rehabilitating inpatient wards with 24 beds for men and women, two full operating […]

Ambassador meets Russian Deputy Minister of Energy

The Ambassador of Iraq in Moscow, Mr. Abdul-Rahman Hamid Al-Hussaini, met with the Russian Deputy Minister of Energy, Mr. Pavel Sorokin to discuss bilateral cooperation in the fields of energy (oil, gas, and electricity). Ambassador Al-Hussaini stressed Iraq’s keenness to develop relations with the Russian Federation in the energy sector and provide support to Russian […]

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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 […]

More New Investment Opportunities in Iraq

By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Agricultural machinery factory, State Company for Automotive Industry (SCAI) Sprinkler irrigation factory, State Company for Automotive Industry (SCAI) Housing, Commercial and Entertaining Resort, Ministry of Oil (Source: National Investment Commission)

Launch of Iraqi Innovation Alliance

A group of organizations supporting start-ups in Iraq have joined forces to create the Iraqi Innovation Alliance (IIA). The initiative, which includes Fikra Space, Kapita, The Station, 51Labs, Basra Science Camp, and Re:Coded, aims to empower and support technology and entrepreneurship communities around the country. The process to create its brand identity was led by CrazyTown […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th February 2020). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD597 (+1.5%) / $637 (+1.9%) (weekly change) (-9.5% and -9.1% YTD change, respectively). The number of week traded […]

Trade Bank of Iraq reports 68% Jump in Net Profit

By John Lee. The Trade Bank of Iraq (TBI) has reported that it has achieved a "robust growth" in revenues and in key financial areas during 2019, for another consecutive year with its consistent performance, preliminary report released by the bank for the financial year during 31/12/2019. In a statement, the bank said it posted […]

PM-Designate faces Pressure on Cabinet Choices

By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Iraqi prime minister-designate faces pressure on Cabinet choices There are multiple challenges keeping Mohammed Tawfiq Allawi, recently named Iraq's prime minister-designate, from forming the government of independent technocrats that he pledged. […]