By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, has received approval from Iraq's Council of Ministers to hire an international law and an international auditing firm to investigate previous contracts at the Bismaya Residential City. According to a statement from the NIC, the firms will "propose a financial model, […]
Major strides made towards Iraq's poultry and tomato sector strategies Iraqi government officials, farmers and business leaders have approved two strategic plans that should help the country enhance its competitiveness, reinforce its productive capacity and ultimately create jobs. Under the auspice of the Ministry of Agriculture, the International Trade Centre (ITC) is facilitating the elaboration […]
By Muhammad Jawad Adib for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Will Iran's electricity cut turn Iraq toward Gulf? Iraq is facing reduced electricity and gas supplies from Iran, which might lead Iraq toward an electricity connection with the […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Influx of foreign workers stokes discontent in Iraq Hundreds of thousands of foreign laborers, mostly from South Asian countries, have migrated to Iraq over the past decade to work in a variety of […]
By John Lee. Swedish telecoms company Ericsson has said it is reviewing its investigation into past compliance concerns in Iraq. In a press release, the company said: "Ericsson (NASDAQ: ERIC) has received questions from media regarding past compliance related matters in Iraq. It appears media will focus on the conduct of business in unstable regions […]
By John Lee. Iraq has fallen to a new low in the Economist Intelligence Unit's annual Democracy Index. Ranking joint 116th out of 167 countries, along with Mozambique, Iraq is classified as "authoritarian". The score is Iraq's lowest since the Index was created in 2006. Within the Middle East region, Iraq ranks 9th out of […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the iews of Iraq Business News. Will Iraq overcome its pollution crisis? Iraq is the tenth most polluted country in the world by some estimates. The poor air quality in Iraq is the result of vehicle emissions, war-induced pollution, […]
Disaster Risk Reduction Standard Operating Procedures Crucial to Address Vulnerability in Iraq: IOM Iraq is at risk of multiple natural and man-made hazards, like droughts, desertification, earthquakes and floods. Conflict-affected communities, including displaced populations, are particularly vulnerable to these disasters. From January 29-30, the International Organization for Migration (IOM) hosted a workshop for senior government […]
By John Lee. The Ministry of Finance is to provide financing of 28.2 billion dinars ($19.3) to build a 95-km long coastal road along the Shatt al-Arab waterway. The plan was approved at this week's cabinet meeting, chaired by Prime Minister Mustafa Al-Kadhimi. According to the Cabinet Spokesperson, the Minister of Culture Hassan Nadhem, the […]
DNO ASA, the Norwegian oil and gas operator, today reported record revenues exceeding USD 1 billion in 2021, up 63 percent from a year earlier, on the back of high oil and gas prices and solid production performance. Annual operating profit climbed to USD 321 million, reversing operating loss of USD 315 million in 2020. […]
Rabee Securities is hosting a 3-day event at the Iraq Pavilion at EXPO 2020 to showcase Iraq's top technology start-ups. From 7-9 March, presentations will be given by Iraq's most promising entrepreneurs and interested parties will have the opportunity to meet them one-on-one. The lineup of start-ups scheduled to attend include Miswag, Iraq's largest e-commerce […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th Febuary 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD953 (-1.0%) / $836 (-1.0%) (weekly change) (+3.8 % and +3.8% YTD change, respectively). The number of week […]
