Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Network of Iraqi Alumni from UK Universities Conference 2nd Dec 2021, The Station Conference Hall, Baghdad A special occasion was witnessed on the morning of 2nd December, 2021, by the official launch of the Network of Iraqi Alumni from UK Universities, at a conference held in Baghdad in the presence of government and academic figures […]
The economy is recovering from last year's sharp contraction, helped by higher oil prices and easing of the containment measures. Non-oil real GDP is expected to rebound by 12 percent in 2021 while the fiscal and current account balances are expected to improve significantly. Higher oil revenues present the opportunity to tackle Iraq's significant vulnerabilities, […]
'Fallujah Land': Iraq's Anbar province rebuilds after Isis Writing in the Financial Times, Chloe Cornish says that, five years after defeat of the jihadis, there are signs of fragile economic growth in area known as resistance hotbed. Click here to read the full article (subscription required)
The Trade Bank of Iraq (TBI) has re-joined the Iraq Britain Business Council (IBBC). TBI were original founding members of IBBC and we are delighted to say they are now back in full participation mode, with President Dr Salem Chalabi taking a lead role at the recent IBBC Autumn conference Dubai. At the conference Dr […]
The Republic of Korea has contributed an additional US$ 3 million to UNDP's flagship programme the Funding Facility for Stabilization (FFS), which has been implementing critical initiatives to stabilize areas liberated from the Islamic State of Iraq and the Levant (ISIL). This is Korea's seventh contribution to the FFS since 2015, bringing its total contribution […]
Big Future for Small Businesses: Exhibition by MOLSA and UNDP Welcomes Over 35 Entrepreneurs Over 35 small businesses from across Iraq have gathered at an exhibition in Baghdad. The event was a part of the joint efforts by the Federal Ministry of Labour and Social Affairs (MOLSA) and the United Nations Development Programme (UNDP) to […]
The Political Economy of Iraq: Restoring Balance in a Post-Conflict Society (Second Edition) by Frank R. Gunter, Published by Edward Elgar, October 2021 "Frank Gunter has written the definitive account in English of the contemporary Iraqi economy...Following a brief history and overview, chapters cover social indicators, corruption, macroeconomic policy, state-owned enterprises, entrepreneurship, oil, agriculture, […]
ILO, IOM Collaborate to Improve Business Development Services for Small Enterprises in Iraq The International Labour Organization (ILO) and the International Organization for Migration (IOM) in Iraq are collaborating to support the development of existing national small-scale enterprises and potential entrepreneurs from displaced and host communities in Iraq through entrepreneurship skills training. Under the new […]
New Report Identifies Drivers of Informality in Iraq's Labour Market A new diagnostic report examining the drivers of informality in Iraq's labour market highlights the multiple and wide-ranging factors contributing to informality and the burdens imposed on the formalisation of enterprises and workers in the country. Iraq's private sector, which accounts to roughly 40 per […]
The Prime Minister of the Kurdistan Regional Government (KRG), Masrour Barzani, on Saturday met Baroness Emma Nicholson, President of the Iraq Britain Business Council (IBBC). Prime Minister Barzani highlighted the reforms of the ninth cabinet, its bid to diversify the economy and crucially to make the Kurdistan Region a focal point for business. Baroness Nicholson […]
Germany, IOM Reaffirm Partnership to Support Economic Recovery in Iraq Small and medium enterprises (SMEs), which employ roughly half of Iraq's workers, were severely impacted by the conflict with the Islamic State in Iraq and the Levant (ISIL). When the COVID-19 pandemic struck, the resulting economic slowdown undermined the gradual progress SMEs had made toward […]
From the World Bank: Iraq: Rising Fiscal Risks, Water Scarcity, and Climate Change Threaten Gradual Recovery from Pandemic Iraq's economic outlook has improved on the back of the recovery of global oil markets, with its GDP projected to grow from 2.6% in 2021 to over 6% in 2022-23. Nevertheless, without accelerated economic reform, unforeseen domestic […]
