By John Lee. Zain Iraq's Q1 2022 revenue increased by 5 percent to reach USD 194 million, according to the company's results statement for the first three months of the year. EBITDA grew by 8 percent to USD 81 million, reflecting an EBITDA margin of 42%. The operation reported a net profit of USD 3 […]
By Mina Al-Oraibi, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Oil Dysfunction The world's sixth-largest oil producer still suffers from fuel shortages and power outages. Click here to read the full story.
UN Women and WFP join forces to promote gender equality and women's empowerment in Iraq The United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) and the World Food Programme (WFP) have signed a Memorandum of Understanding (MOU) and reaffirm their commitment to strengthening collaboration and joint initiatives on gender equality […]
On Wednesday the 20th of April the Iraq Britain Business Council (IBBC) hosted a high-ranking delegation of KRG officials for a roundtable discussion at the Cavalry & Guards Club in London. The delegation included Minister Dana Abdulkareem, Minister of Housing and Reconstruction in KRG, Mr. Safeen Dizayee, Head of the Department of Foreign Relations, and […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st April 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD1,005 (-1.9%) / $882 (-1.7%) (weekly change) (+9.5% and +9.5% YTD change, respectively). The number of week traded […]
From Iraq Solidarity News (Al-Thawra). Re-published with permission by Iraq Business News. Global 5K run aims to help Iraq's most vulnerable children Liz McRae is the Executive Director of the Iraqi Children Foundation and in this interview, Hussein Al-alak speaks with Liz McRae about the work of the ICF, along with finding out more about […]
Iraq Reform, Recovery and Reconstruction Fund (I3RF): Trust Fund Annual Progress Report to Development Partners 2021 Since its inception in November 2018, the Iraq Reform, Recovery and Reconstruction Fund (I3RF) has worked closely with the Government of Iraq to support its recovery and reconstruction plans as well as inform its reform agenda adopted in October […]
By John Lee. A new report from the US Department of Agriculture (USDA) says that continued drought and water shortages are affecting economic activity in Iraq, especially grain production. The Global Agricultural Information Network (GAIN) report from the USDA's Foreign Agricultural Service says agricultural cropping in irrigated areas is down by 50 percent compared to […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Alliance blocks formation of new Iraqi government An Iran-backed minority alliance has caused delays, and the process of creating a new Iraqi government may take many months. Click here […]
By John Lee. The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Following discussions, the Cabinet authorised the Ministry of Finance to sign two grant agreements with the World Bank: the first, to support higher education in Iraq in the amount of 5 million dollars aimed at improving […]
By John Lee. Iraq's Cabinet has approved the recommendation of the Ministry of Finance to re-open its embassy in the Republic of Vietnam. It's decision was made providing it does not lead to an increase in the total number of diplomatic staff. The representation will be resident, as it had been previously. (Source: Govt of […]
Iraq's economy is gradually recovering from the twin shocks of the pandemic and collapse in oil prices in 2020. Both oil and non-oil growth are on track to reach their pre-pandemic levels as oil production increases and the easing of COVID-19 restrictions restores domestic economic activity. Fiscal and external deficits are back to surpluses as […]
