Writing about the new Iraqi National Oil Company (INOC) in Oil Price, Simon Watkins argues that the greater the concentration of power over oil and money in one place, the more monumental the scale of corruption becomes. Click here to read the full story.
Within the framework of the EU funded project Support to livelihoods of rural and peri-urban returnees and communities in Ninewa Governorate, Iraq, a high-level meeting on processing and marketing of corn silage to support the production of fodder crops in Iraq was held in Kirkuk Agriculture Directorate. The meeting was attended by Mrs. Ahlam Fakhreddin, […]
By John Lee. Iraqi e-commerce platform Elryan.com has significantly expanded its product offering to include grocery items with the launch of its partnership with major international retailer, Carrefour. In a statement, Elryan says the partnership brings a new level of choice, convenience, and service to Elryan's more than 100,000 active customers. Products will be delivered […]
Economic recovery is slow for SMEs in Iraq during the second year of COVID-19 To measure the impact of COVID-19 on small- and medium-sized enterprises (SMEs) in Iraq, the International Organization for Migration (IOM), the Food and Agriculture Organization (FAO), and the International Trade Center (ITC) conducted a panel study of 716 SMEs, covering June […]
By Olivia Bridge. Despite recent tumultuous times and a weakening economy in Iraq, government is said to be implementing reforms that are aimed at reviving its ailing currency. Forex trading in Iraq While forex trading in Iraq is still a relatively new concept, it is gradually being embraced by nationals. Reports on the matter suggest […]
By John Lee. Iraq has approved a reconstruction programme in Dhi Qar governorate valued 1.3 trillion Iraqi dinars ($890 million). Prime Minister Mustafa Al-Kadhimi said that electricity supply would be given priority, adding that 20 cities in the province will also be expanded. Included in the more than 100 projects is the Al-Islah-Jbayish water project, […]
By John Lee. According to information from Rabee Securities, the approval of the Iraqi Securities Commission (ISC) will be required in every case where foreign ownership of a company exceeds 49 percent. The brokerage house says the ISC informed the Board of Governors of the Iraq Stock Exchange (ISX) of the change on Wednesday 6th […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th October 2021). Note: ISX will be closed on Oct. 10 and Oct. 11 due to the Iraqi Parliamentary Elections. The next trading session will be held on Tuesday (Oct. 12). Please click here to view a table of listed companies and their […]
By Bilal Wahab and Calvin Wilder, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Elections Without Democracy in Iraq? When Iraqis head to the polls for an early election on October 10, they will have the […]
By John Lee. The Iraqi cabinet has approved a plan for the newly-formed Iraqi National Oil Company (INOC) to be a financial partner with TotalEnergies in its projects in Basra. It said it will support INOC to "maximize revenues and financial returns to the general budget." In September, TotalEnergies signed a number of major agreements […]
By John Lee. Prime Minister Mustafa Al-Kazemi attended a signing ceremony on Wednesday for the construction of five new solar power stations by Masdar (Abu Dhabi Future Energy Company). This covers the first phase of the project, covering 1,000 megawatts of power out of a planned total capacity 2,000 megawatts. The signing ceremony was attended […]
By John Lee. [Amended 7th Oct 2021 to include comment from Korek Telecom.] UAE-based Agility has announced an arbitration decision by the Lebanese Arbitration Center of the Chamber of Commerce, Industry and Agriculture of Beirut and Mount Lebanon, in the lawsuit filed by its subsidiary Iraq Telecom against the Intercontinental Bank of Lebanon (IBL) and […]
