By John Lee. On Sunday, Oil Minister Ihsan Abdul Jabbar Ismail was replaced as Acting Minister of Finance by Hiam Nemat Mahmoud (pictured). Ismail had be appointed in mid-August following the resignation of Dr Ali Allawi, who stepped down in protest at the widespread corruption in Iraq. According to The National, Parliament voted last week […]
By Sajad Jiyad, for The Century Foundation (TCF). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Can a New Government Save Iraq? A little more than a year after the country's last elections, Iraq has finally broken its political deadlock. On Thursday, the […]
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. After months of unrest, Iraq's new prime minister, Abdul Latif Rashid, is set to form a new government. But around the capital, small political parties have been gathering to remind the government they […]
By John Lee. According to the recently-published World Economic Outlook from the International Monetary Fund (IMF), Iraq's economy is forecast to grow by 9.3 percent this year, giving it the fastest real GDP growth of all the Middle East and Central Asia countries. The forecast is slightly down from the 9.5 percent projected in the […]
By John Lee. Abu Dhabi-based retail chain Lulu Group is reportedly raising funds to finance an expansion into Iraq. A director told Khaleej Times that the company plans an IPO next year, and will continue to add new outlets and new markets, including Iraq and North Africa. More here. (Source: Khaleej Times)
By John Lee. Dubai- based Coffee Planet has announced its new partners in Iraq, Business River. In a statement, the company said: "Being one of the largest importers of FMCG products in the region, Business River will be the exclusive distributors of Coffee Planet in Iraq." Business River is an Iraqi company established in early […]
By John Lee. A new paper from Kapita and Euphrates Ventures says that Iraq suffers from a lack of many services due to financial payment issues. "A few options are available in the market, yet those services are not up to international standards and are mostly only functional within Iraq," it says. Among the difficulties […]
By John Lee. The Kurdistan Regional Government's Council of Ministers has discussed the Kurdistan Region Mineral Investment Bill at its weekly meeting. Prime Minister Barzani stressed the importance of the Bill, describing it as a crucial step towards economic diversification and restructuring of investment in the Kurdistan Region's natural resources in a way that meets […]
By John Lee. The Irish Cabinet has reportedly approved a plan to establish an Iraqi embassy in Dublin. According to a report from The Journal, the Iraqi Government wishes to set up the embassy to develop relations with Ireland and provide consular assistance to Iraqi citizens living in Ireland. The Iraqi Cabinet approved the plan […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Pushes Key Gas Developments To Reduce Import Dependence On Iran Iraq is advancing some key associated gas projects at the Gharraf and Nassiriya oil fields. Click here to read […]
Training of Agriculture extension staff on the implementation of Farmer Field Schools (FFS) In Basra Governorate The Food and Agriculture Organization of The United Nations (FAO) in Iraq launched a 5-day training for agriculture extension staff to facilitate the implementation of "Farmer Field Schools" (FFS) in Basra, ThiQar and Missan Governorates. In total, 25 people […]
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi lawmakers elect Abdul Latif Rashid as new president The often-deadlocked parliament chose a veteran Kurdish politician, Abdul Latif Rashid (pictured), as President, who in turn designated Muhammad Shia al-Sudani for […]
