Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. The Iraqi Cabinet (pictured) has authorised the Minister of Finance to borrow $76 million from the state-owned Trade Bank of Iraq (TBI) to finance the Great Samawa Water Project. (Source: General Secretariat for the Council of Ministers)
UNDP Iraq and the Japan International Cooperation Agency (JICA) have signed a renewed partnership agreement to monitor and support acceleration of the implementation of socio-economic infrastructure projects in Iraq. The projects are implemented by the Government of Iraq (GoI) with loan assistance from JICA with the aim of improving the economic recovery and living conditions […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th December 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD904 (+3.3%) / $791 (+3.3%) (weekly change) (+24.6% and +19.3% YTD change, respectively). The number of week traded […]
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 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, […]
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 […]
From Five One Labs. Re-published with permission by Iraq Business News. A Panel Discussion with Ammar Ameen and Marwan Jabbar from Miswag On October 27th, 2021, Five One Invest hosted a Speaker Series session with Ammar Ameen (Founder and CEO) and Marwan Jabbar (VP of Commercial Development and People) from Miswag. Read on to learn […]
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunity: Constructing Tulaiha Future Rest Station in Anbar Province (Source: National Investment Commission)
By Kumar Pratik, for CS Global Partners. Last year, the world came to a standstill following the outbreak of the COVID-19 virus, disrupting life as we knew it. One of the greatest challenges to the impending global health crisis was the introduction of stringent travel restrictions which saw many, near and far, trapped in a […]
By John Lee. Iraq has successfully completed the sale of a 1-trillion-dinar (£685-million) construction bond issuance, also know as a "binaa bond". The Ministry of Finance issued the bonds for sale on the local financial market at the start of October, in two categories: IQD500,000 bonds with annual interest of 6 percent for two years; […]
