By John Lee. The Central Bank of Iraq (CBI) has said that there is no justification for changing the exchange rate of the Iraqi dinar relative to the US dollar. CBI Deputy Governor, Ammar Khalaf, confirmed to the official Iraqi News Agency (INA) that, "in our belief as a monetary authority, there is no justification […]
By John Lee. A Beirut-based delivery startup has said it will use new funding to support expansion in Iraq. Toters last month raised more than $15 million in series-B funding from the International Finance Corporation (IFC), March Holding, and BY Venture Partners, having previously raised over $5 million in two previous rounds. According to Naharnet, […]
Sustainable development strategies to transform Iraq's tomato and poultry sectors H. E. Mohammed Kareem Al Khafaji, Minister of Agriculture, officially launched, on behalf of the Government of Iraq, the country's Poultry and Tomato Sustainable Development Strategies (2022-2026). Consumer demand for Iraqi poultry and tomato products is on the rise, particularly in the domestic market. Together, […]
Earlier this week, Iraq's Ministry of Planning, the Central Statistical Organization (CSO), together with the International Labour Organization (ILO) launched a national Labour Force Survey, the first of its kind to be conducted in Iraq in the last decade. They have now provided a link to the report, which can be downloaded here. Some key […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Are new housing projects curbing tribal violence in Iraq? Tribal customs are interwoven into the fabric of Iraqi society. It is estimated that 75% of Iraqis are part of one of roughly 150 […]
Dust Storms and Climate Change: A Crisis for the Iraqi Economy and the Need for Multilateral Solutions This paper highlights the relationship between drought and SDSs, the impact of these storms on Iraq's rentier economy, and the dangers such conditions represent to the region. The paper calls for multilateral cooperation among Iraq and its neighbors […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th July 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD948 (-2.1%) / $829 (-2.1%) (weekly change) (+3.3% and +2.9% YTD change, respectively). The number of week traded […]
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. Supplementary Budget Stabilises the Market The market, as measured by the Rabee Securities RSISX USD Index, was up 3.4% for the month, and up 5.1% for the […]
The Iraq Britain Business Council (IBBC) presented a webinar yesterday discussing a road map for the privatisation of the 176 state-owned enterprises (SOEs) in Iraq. Discussions were based on the recently-published IBBC paper, The Privatization of Iraqi State-owned Enterprises, the lead author of which was Professor Frank R. Gunter, of Lehigh University. The paper can […]
By John Lee. The United Kingdom and Japan have been chosen to co-chair the Iraq Economic Contact Group (IECG), which met earlier this week. British Ambassador, Mark Bryson-Richardson, commented: "Economic reform and diversification are key to Iraq's prosperity. "Delighted the UK is now co-chair of the Iraq Economic Contact Group, along with Japan. "Its job […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why Iraq remains without a budget in place Nearly ten months after parliamentary elections, Iraq's political parties have still not managed to form a government, holding up the passage of important legislation-including the […]
By John Lee. Iraqi Prime Minister Mustafa Al-Kadhimi has officially opened the new Maysan Power Station. The new power plant adds 750 megawatts of capacity to the grid, 500 MW of which are produced through simple cycle and 250 MW through combined cycle. It is powered by natural gas from the Halfaya and Bazerkan fields, […]
