By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The market followed through with its longer-term bottoming process as the July interim bottom was tested this month. After having rallied 14.5% in July from […]
Iraq Displacement Figures Drop Below Two Million for First Time Since 2014; Nearly Four Million Have Returned Home For the first time in nearly four years, the number of displaced Iraqis has fallen below two million, according to a milestone IOM Displacement Tracking Matrix (DTM) report released today (04/09). Data collected by IOM staff for […]
According to a report from Rudaw, thousands of poor quality, overturned or water-damaged American cars have been imported to the Kurdistan Region over the past two years, due to the facilitations made by the KRG to car traders in a bid to increase revenues at customs points. Statistics produced by the ministry of trade and […]
UN’s Kubiš Urges Calm and Speedy Formation of Government to Tackle Iraq’s Persistent Problems The Special Representative of the United Nations Secretary-General (SRSG) for Iraq, Mr. Ján Kubiš, expresses grave concern over the casualties during violent protests over the lack of critical public services in Basra. He offers condolences to the families of the dead […]
The US Securities and Exchange Commission (SEC) announced that Paris-based pharmaceutical company Sanofi has agreed to pay more than $25 million to resolve charges that its Kazakhstan and the Middle East subsidiaries made corrupt payments to win business. According to the SEC’s order, the schemes spanned multiple countries and involved bribe payments to government procurement officials […]
By Saad Salloum for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. A number of Iraqi Jews are organizing to officially demand the restoration of their Iraqi citizenship and the annulment of Article 17/II of Iraqi Nationality Law no. 26 (2006), which expressly excludes […]
Combined Joint Task Force Operation Inherent Resolve and its partners continue to pursue the lasting defeat of the Islamic State of Iraq and Syria in designated parts of Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported today. Operation Roundup, which began May 1 to accelerate the defeat of ISIS in the […]
By John Lee. Iraq's Ministry of Trade has recently granted a license to enable the establishment of 216 national companies, and 10 international company branches. According to an announcement from the Government of Iraq, the development is part of a strategy to support the private sector and create job opportunities. (Source: Government of Iraq)
By John Lee. Finland is preparing to reopen its embassy in Baghdad. Finland has not had Finnish diplomatic personnel in Baghdad since 1991. Since 2006, Finland’s official representative for Iraq has been a Roving Ambassador based in Helsinki. At present, 14 EU member states are permanently represented in Baghdad at an ambassadorial level. According to […]
UNDP support to the Commission of Integrity to fight corruption A technical study visit is currently being organized in Korea by the United Nations Development Programme (UNDP) with support from UNDP Seoul Policy Centre (USPC) for a high-ranking delegation from the Iraqi Integrity commission, to benefit from the Korea’s innovative, well tested-and-proven policy tools to […]
The Deputy Chairman of the Iraq Britain Business Council (IBBC), Rasmi Al Jabri, and Managing Director, Christophe Michels, hosted a dinner for members and guests at the Babylon Warwick Hotel in Baghdad on 29th August. Many representatives from member companies were in attendance, including the Chairman of Khudairi Group and the International Islamic Bank, the […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Human rights advocates and health officials estimate that 17,000 to 18,000 residents of Basra province have been poisoned by heavily polluted and salty drinking water. On Aug. 26, hundreds of residents stormed the Basra […]
