Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. Japan's Minister for Foreign Affairs, Motegi Toshimitsu, visited Iraq on Saturday, meeting with Foreign Minister Fuad Hussein, Prime Minister Mustafa Al-Kadhimi, and President Barham Salih. Minister Motegi announced that Japan intends to extend the "Basrah Refinery Upgrading Project (Phase 3)" Yen loan project (up to the amount of 32.7 billion yen) [$300 […]
From the Iraq Britain Business Council (IBBC). On Monday 16th August The Al Majal Business Park, Burjessia, generously held a lunch for IBBC members and friends, on behalf of IBBC. The lunch was hosted by Mr Richard Cotton and Mr Mohanad Al Khattab and around 40 guests attended. Richard Cotton brought greetings from Baroness Nicholson […]
By John Lee. The First International Conference for Investment has been held in Basra, in the presence and participation of the Chairwoman of the National Investment Commission (NIC), Suha Dawood Najar [Suha Dawud Elias Al-Najjar], under the slogan (For Basra, where the future is made). In her speech at the opening of the conference, she […]
By Olivia Bridge. Iraq's global perception might not be optimistic, but the country is proving itself as an incubator for startups and small businesses. Why startups and businesses are thriving in Iraq To the uninformed, the idea of Iraq being capable of nurturing online businesses, start-ups and entrepreneurs might seem far-fetched. Disinformation and rumours haven't […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. June's heat wave continued into July with temperatures this year continuing to exceed recent averages (chart below), which combined with the onset of summer holidays, led to […]
DNO ASA, the Norwegian oil and gas operator, has reported operating profit of USD 61 million in the quarter ending 30 June 2021, its second consecutive profitable quarter since the onset of the COVID pandemic. Revenues totaled USD 184 million, up USD 14 million from the previous quarter, as higher oil and gas prices more […]
By John Lee. World Bank Group President David Malpass met with Iraqi Prime Minister Mustafa Al-Kadhimi during his visit to the United States this week. During the meeting, they discussed the cooperation in financing infrastructure projects in the fields of water, airports, natural gas and energy projects, especially solar. President Malpass affirmed to Prime Minister […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq takes cautious steps toward privatizing electricity sector With the increasing power cuts in Iraq, calls are mounting to expand privatization as a permanent solution. Click here to […]
By John Lee. On Monday, Prime Minister Mustafa Al-Kadhimi received the Saudi Minister of Commerce, Majid bin Abdullah Al Qasabi, and his accompanying delegation. During the meeting, they discussed the development of bilateral relations between Baghdad and Riyadh, and ways to enhance cooperation in the fields of economy and investment, and to work to enhance […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th July 2021). ISX will be closed starting from Jul. 18 to Jul. 22 due to the religious holiday of Eid Al-Adha. The next trading session will be held on Jul. 25. Please click here to view a table of listed companies and […]
From Oxfam's Iraq Response Innovation Lab: Iraq Response Innovation Lab recently supported 5 innovative projects in the agricultural sector to launch. These 5 projects were all incubated for 10 months and received trainings on Business Models, Business Plans, Budgeting alongside technical training. The incubation started with 60 applications received online. The first phase of the […]
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. June saw the publication of Undervalued-Shares.com's third instalment piece on investments in frontier markets focusing on the compelling investment potential of Iraq's equity market - […]
