Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The Iraqi Government has confirmed that the Eid al-Fitr holiday will begin on Sunday 1st May, and end on Thursday 5th May. Official working hours will resume in all government institutions on Sunday 8th May. (Source: General Secretariat for the Council of Ministers)
By John Lee. High-level diplomatic efforts have reportedly been stepped up in the hope of securing the release two foreign businessmen held in an Iraqi jail. Australian citizen Robert Pether and his Egyptian colleague Khalid Radwan have been detained since April 2021. They have been sentenced to five years in prison and jointly fined $12 […]
By John Lee. The Station Foundation for Entrepreneurship has opened its fourth branch in Erbil, According to a press release from The Station, the opening marks a significant step forward in ensuring that Kurdistan's youth can contribute to the ecosystem's enhancement and build a connected network of entrepreneurs, creatives, and innovators who can reach across […]
By John Lee. Zain Iraq's Q1 2022 revenue increased by 5 percent to reach USD 194 million, according to the company's results statement for the first three months of the year. EBITDA grew by 8 percent to USD 81 million, reflecting an EBITDA margin of 42%. The operation reported a net profit of USD 3 […]
On Wednesday the 20th of April the Iraq Britain Business Council (IBBC) hosted a high-ranking delegation of KRG officials for a roundtable discussion at the Cavalry & Guards Club in London. The delegation included Minister Dana Abdulkareem, Minister of Housing and Reconstruction in KRG, Mr. Safeen Dizayee, Head of the Department of Foreign Relations, and […]
Iraq Reform, Recovery and Reconstruction Fund (I3RF): Trust Fund Annual Progress Report to Development Partners 2021 Since its inception in November 2018, the Iraq Reform, Recovery and Reconstruction Fund (I3RF) has worked closely with the Government of Iraq to support its recovery and reconstruction plans as well as inform its reform agenda adopted in October […]
By John Lee. Iraq's Cabinet has approved the recommendation of the Ministry of Finance to re-open its embassy in the Republic of Vietnam. It's decision was made providing it does not lead to an increase in the total number of diplomatic staff. The representation will be resident, as it had been previously. (Source: Govt of […]
Iraq's economy is gradually recovering from the twin shocks of the pandemic and collapse in oil prices in 2020. Both oil and non-oil growth are on track to reach their pre-pandemic levels as oil production increases and the easing of COVID-19 restrictions restores domestic economic activity. Fiscal and external deficits are back to surpluses as […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will a boycott of Iranian goods help or harm Iraq's economy? Iraq has a robust trading relationship with Iran that was worth $12 billion in 2020. The two countries have plans to increase […]
By John Lee Iraqi Prime Minister Mustafa al-Kadhimi has ordered that a working team from the Ministry of Electricity travel to Iran to solve problems related to the supplying of gas. At a meeting with the Electricity Ministry and senior officials on Sunday, there was discussion about the high electricity demand in summer, and how […]
By John Lee. UK-based business travel management company FCM has signed a partnership agreement with Sulaymaniya-based Moonline Travel & Trade Ltd. According to FCM's Managing Director of Middle East and Africa, Ciarán Kelly, this partnership is critical to FCM's local service delivery and market share growth strategies for the wider region: "Choosing to expand FCM's […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran's new Iraq ambassador affiliated with Quds Force Iran appointed the country's fourth ambassador to Iraq since the fall of Saddam Hussein's regime, and similar to his predecessors he […]
