Archive | Investment

Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.

9 New Investment Projects in Najaf

The Najaf Investment Commission has approved nine new investment projects at a total cost of $38 million (more than 45 billion dinars), raising the number of investment projects in the province to 65, head of the commission said on Wednesday. “The NIC gave nine new investment licenses in the health, entertainment, commercial and educational fields […]

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$100bn in Investment Permits in Baghdad

Eighty investment permits have been granted to execute projects in Baghdad at a total cost of more than $100 billion. “The permits were granted in coordination between the Baghdad Mayoralty, Baghdad Investment Commission, and the National Investment Commission,” the Baghdad mayoralty said in a press release on Monday, as received by Aswat al-Iraq news agency. […]

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No easy fix for corrupt state banks

Last month, on the occasion of Rafidain Bank’s 69th anniversary celebration, the chairman reported that the bank was looking forward to implementing its new IT system “as soon as possible.”  The system, which includes the Mysis products “Bankmaster” and “Branchpower,” is supposed to increase efficiency and reduce operational risk by bringing together information throughout the […]

An Apocalypse with a Silver Lining

By Mark DeWeaver Iraq faces a big downside risk from the European sovereign debt crisis—perhaps an even bigger risk than that of renewed sectarian violence. While Iraq’s limited financial links to the outside world make it immune to contagion through the banking sector, sustained debt deflation in Europe would result in a big drop in […]

Read our new Expert blogger on economics and finance starting this week

The sovereign debt crisis in Europe could be bad news for the Iraqi economy if it leads to a sustained bear market in oil.  But a more likely outcome is that the crisis will cause central banks to continue their ultra-loose monetary policy, thereby benefiting Iraq by keeping oil prices high. Our new expert Blogger, […]

Hundreds of Turkish Firms Invest in Iraqi Kurdistan

Hundreds of Turkish firms have flocked to the semi-independent Kurdish enclave in northern Iraq, benefiting from a newly issued law easing curbs on foreign investments. Latest figures by the Kurdistan Investment Commission show that more than half of the foreign firms in the enclave are Turkish. In a statement, the commission said there were 620 […]

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