Archive | Iraq Industry & Trade News

Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.

IMF Predicts Strong Recovery for Iraq in 2021

By John Lee. In its latest World Economic Outlook (WEO), the International Monetary Fund (IMF) has forecast a sharp slowdown in Iraq's economy this year, followed be a strong recovery in 2021. It says: "The COVID-19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. […]

Iraq to Exempt Govt Tenants from Rent

By John Lee. The Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Deputy Prime Minister and Minister of Oil, Thamir Ghadhban. The meeting was conducted via video conferencing. It discussed the health situation in the country and the economic impact of the curfew on citizens, and measures to mitigate […]

How is IBBC adapting to the COVID Challenges?

By Ashley Goodall. How is the Iraq Britain Business Council (IBBC) adapting to the COVID challenges, as a Trade Council? There is never a more important time to engage our members than now. Not only are Iraqi based businesses facing lockdown in Iraq, but the oil price, on which many are dependent, has crashed by […]

IBBC Members Rise to Coronavirus Challenge

By Ashley Goodall. At this challenging time what kind of activities are businesses undertaking in Iraq and how are they doing things differently? In canvassing Iraq Britain Business Council (IBBC) members, we found a consistent pattern of adaptation and response across the membership which can be summarized in three headings: Firstly, taking care of staff […]

UK Ambassador addresses IBBC Members via Videoconference

Ambassador Stephen Hickey addresses IBBC members via videoconference Over 50 Iraq Britain Business Council (IBBC) members yesterday participated in a video conference call with Ambassador Stephen Hickey, from his office in the UK Baghdad Embassy. The Ambassador updated members on the current situation in Iraq, covering four key areas of interest: COVID 19 response and […]

Ninewa Women Produce Face Masks for COVID-19

Newly trained women in Ninewa produce face masks to combat spread of COVID-19 in Iraq In January 2020, UNDP and Kurdistan Human Rights Watch (KHRW) collaborated to train sixty women on sewing and tailoring in Ninewa over the course of a ten-day workshop. At the time, these women could not have foreseen how their newly […]

Implications of the Coronavirus for Iraq

By Aymen Al-Faisal, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Implications of the Coronavirus on the Overall Situation in Iraq With the spread of the coronavirus globally, many countries around the world face several […]

Coronavirus Damages Iraqi Economy

By Omar al-Jaffal for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Coronavirus damages Iraqi economy with fall in tourism, oil prices As of March 23, Iraq had registered 266 novel coronavirus cases, with 23 deaths. Although Iraq is much better off than many […]

Is another Economic Crisis looming in Iraq?

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. Is another economic crisis looming in Iraq, with dropping oil prices? Political and security crises in Iraq have been escalating, and the coronavirus outbreak has recently been added to […]

Iraq's Power Conundrum: How to Secure Reliable Electricity

By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. This article was originally published by the LSE Middle East Centre. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq's Power Conundrum: How to Secure Reliable Electricity While Achieving Energy Independence Iraq remains […]