Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The Abu Dhabi Exports Office (ADEX) has reportedly signed a line-of-credit agreement worth AED36.7 million (US$10 million) with the National Bank of Iraq (NBI). According to WAM, the financing agreement was signed virtually by Khalil Al Mansouri, Acting Director-General of ADEX, and Ayman Abu Dhaim, CEO of the National Bank of Iraq. […]
By John Lee. Mobile phone service Asiacell has reported a drop in revenues and EBITDA. In its financial results for the nine months ended 30 September 2022, parent company Ooredoo said: "Asiacell reported revenue of QAR 2.7 billion, a decrease of 2%, due to the ongoing intense competition in Iraq. "Asiacell's EBITDA dropped by 7% […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's unemployment crisis puts spotlight on foreign workers Iraq has a major unemployment problem. For the past decade, official unemployment rates have seen a continuous rise, reaching 14.2% in 2021. The lack of […]
By John Lee. Sulaymaniyah-based internet provider iQ has launched its new Silk Route Transit fibre-optic service. According to a press release, the new service will, "improve connectivity in the Middle East to the rest of the world ... [and] provide better latency and heighten download speeds across the continent to enable unprecedented streaming and gaming […]
By John Lee. Iraqi authorities have arrested a businessman suspected of involvement in the theft of $2.5 billion from the country's tax agency. The man, the Managing Director of an oil services company, was detained as he attempted to fly out of Baghdad International Airport (BIAP) on a private jet to Turkey. (Source: Commission of […]
By John Lee. More than 100 representatives of leading Iraqi and Russian businesses took part in the Russian-Iraqi Business Forum in Moscow last week. According to a press release from The Chamber of Commerce and Industry of the Russian Federation, the Ambassador of Iraq in Moscow, Mr. Abdurakhman Al-Husseini, told delegates that Iraq is open […]
From the Iraq Britain Business Council (IBBC): IBBC focused on 'Iraq - Identifying Business Opportunities' in Dubai conference 10 & 11 November 2022 After a year it now appears, the Iraqi government is forming led by PM designate Mr Mohammed Al Sudani under President Abdul Latif Rashid. There are significant implications for this development […]
KRG Prime Minister Masrour Barzani has announced the first digital transformation strategy. Prime Minister Barzani highlighted the significance of the strategy, which aims to put the Kurdistan Regional Government among the top electronic governments in the field of digitalization by the end of 2025. More here. Download digital strategy document here. The following is the […]
By Michael Knights 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. Scoring Iraq's New Government: Metrics for Preserving U.S. Interests The protracted post-election process has been a step backward for Iraqi democracy, so Washington will need […]
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq is among the world's richest countries in energy, but that is doing little for the people who live there. For decades, many have suffered because of power outages, and there is no […]
From the Iraq Britain Business Council (IBBC): This year's Tech forum is a forward looking and inspirational session, covering new initiatives in Education skills including AI/Cyber/Big data and online teaching courses, as well as an overview on how Iraq's start up economy is evolving and the challenges it faces. Laura Oliver of Iraq venture partners will take us through […]
By John Lee. Iraq's Federal Commission of Integrity (FCOI) has said it is investigating the theft of 3.7 trillion Iraqi dinars ($2.5 billion) from the General Tax Authority. The funds were allegedly stolen from the Tax Authority's account at the state-run Rafidain Bank. According to The National, the money was paid to five recently-created companies […]
