By John Lee. The Director of the Credit Department at the Agricultural Cooperative Bank of Iraq, Hussein Hekmat Al-Ghabban, has said that loans of up to 3 billion dinars ($2 million) are available to farmers to support a range of agricultural and livestock projects. In a promotional video circulated by the Government of Iraq, he […]
By John Lee. The National Data Center, in coordination with experts from the United Kingdom and the World Bank, has held an meeting to develop the final draft of an action plan and roadmap for Iraq's digital transformation project. Director, Dr. Ammar Mazhar Al-Tamimi, said the meeting followed an extensive phase of data collection and […]
By John Lee. The Central Bank of Iraq (CBI) has reportedly announced an increase in its capital. State-owned Iraqi News Agency (INA) said that the capital will be increased from 3 trillion dinars (approximately $2 billion) to 5 trillion dinars. It quotes the media office of CBI as saying that the increase was made using […]
By John Lee. Iraq's Ministry of Finance has allocated one billion dinars (£700k) to Anbar Governorate to complete procedures relating to the Arar (Ar Ar) border crossing. The border post with Saudi Arabia was re-opened in late 2020 following a 30-year closure. Improving trade links between the two countries has been a priority for both […]
Canada reaffirms its commitment to Iraq's stabilization with new CAD 10 million support The Government of Canada has pledged an additional CAD 10 million (approximately US$ 7.8 million) to support the United Nations Development Programme (UNDP) in Iraq as it works to accelerate stabilization efforts and boost sustainable livelihoods across western Anbar and Ninewa. Canada's […]
The Iraq Britain Business Council (IBBC) hosted over 50 Iraqi SME's from all areas of Iraq at the Institution of Civil Engineers for lunch on 16th May. Over 100 SME invitees are in the UK to visit the Intelligent Buildings exhibition at London's Excel. The SMEs come from various sectors, including automotive dealerships, to oil […]
By John Lee. Genel Energy has announced that Luke Clements (pictured) has been appointed Chief Financial Officer (CFO) with immediate effect. Luke, who was previously Interim Chief Financial Officer, has been responsible for a broad range of financial, commercial, and treasury related activities at the Company. Having joined the Company in 2011 to advise on […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi court annuls food security bill There are rising concerns over food security in Iraq due to the war on Ukraine and the drought, but the agriculture and […]
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Japan and UNOPS Enhanced Access to Primary Health Services in Anbar Governorate With the continued support from the Government of Japan, UNOPS handed over Al Adel Primary Health Center in Anbar, along with other six primary health centers in Al Ramadi, which were rehabilitated under the "Restoration of Access to Urgent Primary Health Services in […]
By John Lee The UN Committee against Torture (CAT) has published findings on Cuba, Iceland, Iraq, Kenya, Montenegro and Uruguay, the six State parties it reviewed during its latest session. With regard to Iraq, the CAT said: "The Committee was concerned about continued reports of torture or ill-treatment in detention facilities. It observed that the […]
Hear Iraq's principal ministers and financiers share their vision and policies for Energy, Finance and Educational sectors at IBBC's Mansion House conference on 24th May. Iraq is on the cusp of forming a new Government and is benefitting from high oil revenues and stability. The IBBC Spring conference is ideally timed for a potential new […]
