By Laure Al Khoury and Salam Faraj for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. In Iraq, graft helps push property prices out of reach Real estate in Iraq has become a popular way to launder money, including stolen public […]
The Kurdistan Regional Government (KRG) is building two health centers in Erbil's Sebardan and Farmanbaran neighborhoods which will provide free health services to people. Saman Salman, the media director of the health ministry spoke about the allocated budget and said "the allocated budget for building the health centers is 1.320 billion [Iraqi dinars] and it […]
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. Iraq Market Report: Currency Upheavals Disrupt Market Activity The market, as measured by the Rabee Securities RSISX USD Index, was down 1.0% for the month and down […]
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 prime minister sees tensions spike with political allies Differences are growing between Iraqi Prime Minister Muhammad Shia al-Sudani and his political ally in parliament, the Coordination Framework. Click here to […]
Iranian Health Minister Bahram Einollahi and his Iraqi counterpart Saleh Mahdi Al-Hasnawi have reportedly reached an agreement on developing medical cooperation. The two sides discussed ways to develop joint cooperation in the field of supplying medicine and medical equipment. They also reviewed trip of medical teams, holding joint medical conference, treatment of patients and training […]
As we publish our first newsletter of the new year, we'd like to say a special word of thanks to all of our contributors, and especially to our Expert Bloggers, Ahmed Mousa Jiyad and Ahmed Tabaqchali (AFC Iraq Fund), who have given us the benefit of their wisdom and observations over the past twelve months. […]
By John Lee. The Iraqi stock market, as measured by Rabee Securities ISX Index, has out-performed the main international markets over the past year, closing at IQD910.3 / $774.8 (-0.8%/-3.8% YTD change). (Please note: USD RSISX Index was updated for year-end closing with FX rate of 1525 (Dec. 29)). This fall of 3.8 percent in […]
By John Lee. Iraq's Ministry of Planning has announced new population data for Iraq. According to its Central Statistical Organization (CSO), Iraq's total estimated population of Iraq is now 42,248,883 -- an increase of 2.5 percent on the previous year. Males account for 50.5 percent, females 49.5 percent; Births during the past year were 1,310,894; […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Gulf Cup gives Iraq chance to draw closer to Arab neighbors Iraq is about to embark on a new chapter in its sporting history. From 6th-19th January, Basra will host the 25th edition […]
By John Lee. Prime Minister Muhammad Shia Al-Sudani has directed the suspension of official working hours on Thursday (5th January) due to "bad weather" in most of Iraq. According to Rudaw, heavy rains have affected many parts of the country this week. (Source: General Secretariat for the Council of Ministers, Rudaw)
By John Lee. The Iraqi Minister of Oil, Hayan Abdul-Ghani (pictured), has announced revenues of more than $115 billion from exporting crude oil for the year 2022. More than 1,209 billion barrels of crude oil were exported, giving a daily export rate is approximately 3.320 million barrels per day (bpd). The oil was bought by […]
Nawzad Sheikh Kamil, Director General of Trade at the Ministry of Trade and Industry, said that the KRG exports in 2022, compared to 2021, increased to 672.767 million dollars and imports increased to 15.403 billion dollars. "In 2022, the Ministry of Trade and Industry issued 5,204 import licenses and 168 export licenses for various agricultural […]
