Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Secretary-General appoints Mr. Claudio Cordone of Italy as Deputy Special Representative for Iraq United Nations Secretary-General António Guterres has announced the appointment of Claudio Cordone of Italy as his new Deputy Special Representative for Political Affairs and Electoral Assistance of the United Nations Assistance Mission for Iraq (UNAMI). Mr. Cordone succeeds Ingibjörg Sólrún Gísladóttir of […]
By John Lee. The Central Bank of Iraq (CBI) has said that there is no justification for changing the exchange rate of the Iraqi dinar relative to the US dollar. CBI Deputy Governor, Ammar Khalaf, confirmed to the official Iraqi News Agency (INA) that, "in our belief as a monetary authority, there is no justification […]
By John Lee. A Beirut-based delivery startup has said it will use new funding to support expansion in Iraq. Toters last month raised more than $15 million in series-B funding from the International Finance Corporation (IFC), March Holding, and BY Venture Partners, having previously raised over $5 million in two previous rounds. According to Naharnet, […]
Earlier this week, Iraq's Ministry of Planning, the Central Statistical Organization (CSO), together with the International Labour Organization (ILO) launched a national Labour Force Survey, the first of its kind to be conducted in Iraq in the last decade. They have now provided a link to the report, which can be downloaded here. Some key […]
Dust Storms and Climate Change: A Crisis for the Iraqi Economy and the Need for Multilateral Solutions This paper highlights the relationship between drought and SDSs, the impact of these storms on Iraq's rentier economy, and the dangers such conditions represent to the region. The paper calls for multilateral cooperation among Iraq and its neighbors […]
The Iraq Britain Business Council (IBBC) presented a webinar yesterday discussing a road map for the privatisation of the 176 state-owned enterprises (SOEs) in Iraq. Discussions were based on the recently-published IBBC paper, The Privatization of Iraqi State-owned Enterprises, the lead author of which was Professor Frank R. Gunter, of Lehigh University. The paper can […]
By John Lee. The United Kingdom and Japan have been chosen to co-chair the Iraq Economic Contact Group (IECG), which met earlier this week. British Ambassador, Mark Bryson-Richardson, commented: "Economic reform and diversification are key to Iraq's prosperity. "Delighted the UK is now co-chair of the Iraq Economic Contact Group, along with Japan. "Its job […]
By John Lee. Iraqi Prime Minister Mustafa Al-Kadhimi has officially opened the new Maysan Power Station. The new power plant adds 750 megawatts of capacity to the grid, 500 MW of which are produced through simple cycle and 250 MW through combined cycle. It is powered by natural gas from the Halfaya and Bazerkan fields, […]
Iraq's Ministry of Planning, the Central Statistical Organization (CSO), together with the International Labour Organization (ILO) have launched a national Labour Force Survey, the first of its kind to be conducted in Iraq in the last decade. The survey presents estimates at the national, governorate, urban and rural levels and covers a broad array of […]
By John Lee. ZoodPay has announced that it has entered into a strategic partnership with Shopini, a leading Iraqi company in retail, e-commerce, shipping, supply chain, and food delivery. According to a statement, the company has one of the major online marketplaces in Iraq with over one million downloads, a network of offline stores in […]
By John Lee. Prime Minister Mustafa al-Kadhimi has announced that the Eid al-Adha holiday will begin on Saturday 9th July, and end on Thursday 14th July. Government institutions will resume work on Sunday 17th July. The Iraqi Stock Exchange will also close during this period. (Sources: General Secretariat for the Council of Ministers, ISX, Rabee)
By John Lee. Greek construction company Archirodon has filed a petition to enforce an arbitration award against the General Company for Ports of Iraq, the Iraqi Ministry of Transport, and the Republic of Iraq. According to Offshore Alert, the company is claiming $105 million relating to an arbitration award that was granted three years ago. […]
