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. Market Review: "The Opportunity in Retail Banking" The market, as measured by the Rabee Securities RSISX USD Index, was up 6.9% for the month, and up 16.2% […]
By John Lee. Chinese automobile brand Exeed is reportedly planning to enter the Iraqi market later this year. According to Zawya, two of Iraq's leading car dealers are currently in talks with the automaker. The brand was introduced by China's Chery Automobile in 2018. (Source: Zawya)
By John Lee. Work has started on the construction of 40 new schools in Najaf, as part of the Chinese-funded plan to build 1,000 schools across the country. The schools will be built by the Power Construction Corporation of China (PowerChina). The Secretary-General of the Council of Ministers, the Minister of Education and the Governor […]
The United Nations Development Programme (UNDP) Iraq has welcomed a US$2.5 million (JPY 289 730 000) contribution from the Government of Japan to support social stability in Iraq through Preventing Violent Extremism. The contribution will be channeled through UNDP Iraq's Support to Social Stability in Iraq through Preventing Violent Extremism Project which will address causes […]
By John Lee. Dari Concepts LLC, Newark, Delaware, has been awarded a $10,026,228 firm-fixed-price contract for labor, materials and supplies to acquire, deliver and install security systems along the perimeter of the International Zone in Baghdad, Iraq. Bids were solicited via the internet with eight received. Work will be performed in Baghdad, Iraq, with an […]
By John Lee. Al-Ekhwa Al-Nubalaa for General Trading & Contracting Limited has won a contract with the United Nations Secretariat for the "rehabilitation of 60 War Damaged Houses in Al Asry Neighboorhood, Baiji District, Salah Al Din Governorate." The contract is valued at $157,815, and is scheduled to be completed by 7th July 2022. (Source: […]
From Oxfam. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Unfarmed Now, Uninhabited When? Agriculture and climate change in Iraq Small-scale farmers in Iraq are among the most affected groups in Iraq by climate change and water scarcity. With the reduction of rainfall […]
The Department of Media and Information (DMI) of the Kurdistan Regional Government (KRG) has signed a Memorandum of Understanding (MoU) with the United Nations Population Fund (UNFPA) to promote ending gender-based violence and youth participation in the Kurdistan Region of Iraq. The event was also attended by the Head of KRG Department of Foreign Relations, […]
By John Lee. The Turkish-based private jet charter company AirSada has won a contract to supply medical evacuation (medevac) services to Japan's JGC Corporation in Iraq. JGC is the main contractor for the major upgrading project at South Refineries Company's (SRC) Basra refinery. The contract with AirSada, which runs to September 2025, includes air ambulance […]
By Samuel Ramani, for The Middle East Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. What does Russia's war in Ukraine mean for Iraq? Although Iraq has avoided taking sides in Russia's war with Ukraine, the conflict could exacerbate factional divisions and […]
By John Lee. Royal Jordanian Airlines and the National Bank of Iraq (NBI) have sealed an agreement to introduce the first co-branded credit card in Iraq under RJ's frequent flyer program "Royal Club". This co-branded credit card allows its holders the opportunity to earn additional miles on each payment when using the bank's credit card, […]
By John Lee. The Sri Lankan Ministry of Foreign Affairs has announced that it will temporarily close its Embassy in Baghdad. The decision, with effect from 30 April 2022, is part of a general restructuring of Sri Lanka's diplomatic representation overseas, undertaken in the context of economic situation and foreign currency constraints faced by the […]
