Mosul Bank has selected Irish-based CR2, one of the world's leading software vendors in the digital banking and payments market, to accelerate its digital banking transformation strategy in the Iraqi market. This latest win for CR2 will see Mosul Bank offering a more advanced digital banking service to the Iraqi retail and corporate banking market, […]
By John Lee. The Iraqi Cabinet held its regular meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. After discussions, the Cabinet instructed the Ministry of Finance to provide sufficient liquidity to provide loans to farmers to import sprinkler irrigation systems. The systems may be pivot or fixed types, and must be bought […]
By John Lee. Transparency International has said that Iraq's ranking has risen slightly in its global Corruption Perceptions Index (CPI) for 2021. From a total of 180 countries, Iraq came in at number 157; the previous year's position was 160th out of 180 countries. This result puts it on equal ranking with Honduras and Zimbabwe. […]
KRG Prime Minister Masrour Barzani on Sunday attended and supervised the Industrial Forum for Developing Market and Job Opportunities in Erbil. In his remarks to the Forum, Prime Minister Barzani noted that development in the Kurdistan Region was to the benefit of all of Iraq, and asked Iraqi politicians not to create obstacles to the […]
By John Lee. Iraqi Prime Minister Mustafa al-Kadhimi has held an emergency meeting on Sunday to discuss food security following the Russian invasion of Ukraine. The meeting included the Ministers of Finance, Foreign Affairs, Planning, Trade, Agriculture, Water Resources, Industry, the Secretary-General of the Council of Ministers, and a number of advisors. As the situation […]
By Knox Thames and Sarhang Hamasaeed for the United States Institute of Peace (USIP). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A New Test for Iraq's Democracy and Stability The 2021 election was hopeful. But forming a government, including minorities remain uncertain. […]
By John Lee. Iraq's Ministry of Oil has announced that the average daily exports and revenues generated from the export of crude oil for February 2022 are the highest in eight years. The Minister of Oil, Ihsan Abdul-Jabbar Ismail, said that the Ministry, despite the economic and security challenges, fluctuations in global oil markets and […]
Kurdistan Region Economic Council discusses economic situation, rearranging income The Kurdistan Region Economic Council on Saturday held a meeting led by Prime Minister Masrour Barzani and attended by Deputy Prime Minister Qubad Talabani. In the meeting, the Council discussed a report from the committee previously formed by the Council and tasked with overseeing the process […]
By Shelly Kittleson for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Militias support Russian invasion as Iraq refuses to condemn Iraq has aligned with China and Iran in abstaining from a UN General Assembly resolution condemning Russia's invasion of Ukraine. […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "Oil and the Economy" The market, as measured by the Rabee Securities RSISX USD Index, increased by 4.5%, and 8.8% for the year. Average daily […]
Belgium renews commitment to stabilization with new €1.4 million contribution The Government of Belgium has contributed an additional €1.4 million (US$ 1.6 million) to the Funding Facility for Stabilization (FFS). The critical funding will support stabilization efforts implemented by the United Nations Development Programme (UNDP) across Iraq's five governorates in Anbar, Diyala, Kirkuk, Ninewa and […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq struggles to overcome housing crisis According to Abdul-Zahra Al-Hindawi, a spokesperson for the Ministry of Planning, the country needs 2.5M additional housing units. The full report can be viewed here (registration required).
