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: "Market Roars Back to Life" The market, after January's 9.3% sell-off, resumed the rally that was ignited by the 22.6% devaluation of the […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Pope heads for Iraq in historic first For the first time in history, the head of the Catholic Church and sovereign of the Vatican City State, Pope Francis, will visit Iraq, […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th February 2021). Note: ISX will be closed on 7th of March due to lockdown according to the decision of new Supreme Committee for National Health and Safety. Please click here to view a table of listed companies and their associated ticker codes. […]
By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Addressing the meeting, the Prime Minister said the reserves of the Central Bank of Iraq (CBI) have increased by $4 billion, adding that the government has been able to tackle what it describes as "the […]
By John Lee. Iraq continues to be listed as "not free" in Freedom House's latest Freedom in the World index. Scoring 29 points from a possible total of 100, Iraq does, however, rank considerably better than neighbouring Iran (16), Saudi Arabia (7), and Syria (1). Jordan scores better with 34, while Turkey also comes in […]
By John Lee. Iraq began Covid-19 (coronavirus) vaccinations on Tuesday, immediately following receipt of its first shipment of vaccines from China's Sinopharm. According to a government statement, the first to be vaccinated are healthcare workers. (Source: Govt of Iraq)
By John Lee. Iraq's Ministry of Oil has announced initial oil exports for February of 82,877,757 barrels, giving an average for the month of 2.960 million barrels per day (bpd), up from the 2.868 million bpd exported in January. These exports from the oilfields in central and southern Iraq amounted to approximately 79,105,329 barrels, while […]
Paul Bond has today been sentenced to three and half years' imprisonment for conspiring with others to bribe Iraqi public officials to secure lucrative oil contracts in post-occupation Iraq. Earlier this week, Bond, a former senior sales manager at SBM Offshore (SBM), was found guilty on two counts of conspiracy to give corrupt payments following […]
Impact of COVID-19 on Environmental Sustainability in Iraq Impact of COVID-19 on Environmental Sustainability in Iraq is the fifth in a series released by UNDP on the impact of COVID-19 in Iraq. It emphasizes how the pandemic has exacerbated Iraq's environmental fragility, which was already affected by legacies of conflict, lack of significant public sector and governance reforms, loss of […]
By John Lee. Iraqi Transport Minister, Nasser Hussain Bandar Al-Shibli, has said that Iraq and Turkey will prioritise the opening of a new border crossing and rail link between the two countries. The statement follows a meeting on Thursday with Turkey's Minister for Transport and Infrastructure, Adil Karaismailoğlu. He said both parties have "defined practical […]
By John Lee. Prime Minister Mustafa Al-Kadhimi has received a delegation from the Egyptian General Authority for Investment and Free Zones, headed by Counselor Mohamed Abdel-Wahab. The Prime Minister stressed the importance of cooperation and economic ties between Iraq and Egypt, and expedited the completion of the integrated industrial zone that was agreed to be […]
By John Lee. A detailed article by Alice Fordham, for NPR, details the emerging trend of Iraqis visiting the many ancient heritage sites of their homeland. Helping them engage with their rich culture is local startup Bil Weekend, founded by Ali Al-Makhzomy. Click here to read the full story.
