From the Iraq Britain Business Council (IBBC): IBBC Autumn Conference in Dubai examines: 'Iraq - Building a sustainable future'. For the first time in over 30 years, Iraq is currently experiencing a relatively golden scenario with high oil prices and government surpluses, a stable government, and peaceful borders. A stable economy is also leading to […]
New Leadership at Five One Labs Charts Exciting Path Forward in Iraq Five One Labs, a global startup incubator supporting frontier-market entrepreneurs, has recently announced the appointment of new Managing Directors for Iraq and the Kurdistan Region of Iraq. Savo Bakhtiar Rasoul, the new Managing Director for Ecosystem, and Shwan Ali Qaradaghi, the new Managing […]
By John Lee. Mobile phone service Asiacell has reported strong growth in revenue and EBITDA. In its financial results for the nine-month period ended 30 September 2023, parent company Ooredoo said: "Asiacell maintained its strong performance into Q3, delivering double-digit revenue and EBITDA growth. Asiacell' customer base remained stable at 17.1 million customers. "Revenue increased […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Virus kills 300,000 fish in Iraq's Daquq Fish farmers in Kirkuk have lost up to two billion dinars ($1.25 million) after a lethal virus killed an estimated 300,000 fish over the past two weeks. […]
From the United Kingdom's Foreign, Commonwealth & Development Office (FCDO): The Foreign, Commonwealth & Development Office (FCDO) advises against all travel to all provinces of Iraq except the Kurdistan Region of Iraq, and against all but essential travel to the Kurdistan Region of Iraq. Protests regularly take place in and around the International Zone in […]
By John Lee. The Iraqi Ministry of Transport has announced the resumption of direct flights between Iraq and Germany and Denmark. According to a statement from the Ministry's media office, Minister Razak Mahjoub Al-Saadi conducted several high-level meetings with European officials, where the possibility of direct flights between Baghdad and various European capitals and cities […]
The KRG announced that the National Bank of Iraq (NBI) has formally joined the 'My Account' financial inclusion initiative, bringing the number of participating banks to five: Ashur, BBAC, Cihan, NBI, and RT. This is part of efforts to provide beneficiaries with more banking choices, products, and services and foster healthy competition in the financial […]
By Hayder Indhar with Laure Al-Khoury, for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Climate change and filthy water drive disease in Iraq Dirty and unsafe water is a prime health threat in Iraq, one of the five countries worst […]
By John Lee. Jordan's Ministry of Energy and Mineral Resources has said that a number of tankers carrying crude oil from Iraq to Jordan have returned before entering Jordan due to protests at the Terbil [Trebel] border crossing. It said this decision was made to ensure the safety of drivers and the tankers. It added […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th October 2023). Please click here to view a table of listed companies and their associated ticker codes RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,383.6 -3.6% 52.0% RSISX USD Index 1,360.5 […]
By John Lee. Iraq's Oil Minister, Hayan Abdul Ghani, has unveiled the draft of an investment project for the Nahr Bin Umar gas field in Basra Province. The project will be submitted for approval to the Ministerial Energy Council and later to the Cabinet. This announcement came during a meeting of the advisory body to […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for September: Total exports of crude oil: 103,143,199 barrels. Revenues from crude oil exports: $9.422 billion, the highest since August 2022. Oil fields in central and southern Iraq accounted for 102,220,441 barrels of crude oil exports. Exports from Kirkuk through the port of […]
