Author Archive | Editor

Agricultural Licensing Rounds for Foreign Investors

By Salam Zidane for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq considers proposal of agricultural licensing rounds for foreign investors On Oct. 23, the Iraqi parliament’s agricultural committee reported that Iraq imports more than 75% of its vegetables and animal products. Meanwhile, agriculture experts conducted […]

KRG Announces Lower Oil Exports in Oct

The Kurdistan Regional Government (KRG) has published its monthly production and export revenue overview for October 2016. During the month it exported 540.9k bpd from the Turkish port of Ceyhan, down from the previous month’s figure, at an increased average price of $39.32 per barrel, bringing in revenue of $632 million. Please click here to view […]

Startup Weekend in Erbil

By John Lee. A Startup Weekend will be held this weekend (17th-19th November) in Erbil. This year, the theme is education, specifically "having technology involved with education to make our education system better." More information here.

Croatia to Increase Economic Activity in Kurdistan

The new Croatian Ambassador to Iraq Mr Ivan Jurić has met with the KRG Foreign Minister Falah Mustafa, as part of his introductory visit to the Kurdistan Region. Minister Mustafa congratulated the Croatian Ambassador on his appointment, expressing the readiness of the Kurdistan Regional Government to provide necessary support for the success of his mission. […]

How can a Tech Sector Contribute to Iraq’s Economy?

By Hal Miran, Editor-in-Chief, Bite.Tech. Tech has grown in prominence as a key sector in global economic health. It is now commonly accepted that an economy in which entrepreneurs have the freedom and resources to create and innovate tend to perform much more robustly. Intriguingly, one study on the effect of tech on a country’s […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th Nov 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ913 (-1.2%) / $905 (-1.9%) (weekly change) (-16.2% and -21.0% YTD change, respectively). The number of week traded […]

Conditions for Civilians Worsen as Battle for Mosul mounts

As the battle to recapture Mosul intensifies, the Norwegian Refugee Council (NRC) is increasingly concerned about the fate of 1.2 million Iraqis trapped in the city, who tell of desperate conditions trying to survive. Close to 50,000 people have fled Mosul since the military offensive began on 17 October to recapture the city from ISIS. […]

Coalition Strikes Hit ISIL Terrorists in Syria, Iraq

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Saturday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter […]

Video: Aid Running Low at UN’s Newest IDP Camp

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The UN says its newest camp for those escaping the fighting in northern Iraq filled up in just four days. About 54,000 people have been displaced since Iraqi forces launched their offensive to […]

Video: Iraqi special forces resume offensive in Mosul

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Troops of Iraq's elite Counter-Terrorism Service resume their offensive against the Islamic State group on the streets of Mosul after several days of relative quiet.

Currency Auction Results, 14th Nov

By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 15 remittance companies took part in its currency auction on Monday. A total of $148,425,067  sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)