Over 5m Tons of Food Imported in 2012
By Matthew Gayle. According to the state-run Grain Board of Iraq, over 5.4 million tons of food were imported into Iraq last year to cover the state-run food rationing system that was originally initiated in 1990. The system food rationing system was put into place to help offset the impact of U.N. trade sanctions, and […]
Iraq to Increase Basra Oil Shipments in April
Iraq plans to ship 48 cargoes of Basra Light crude from the Persian Gulf in April, according to a report from Bloomberg -- 13 shipments more than last month. About 68.6 million barrels of the blend is to be exported from the al-Basra Oil Terminal (ABOT) (pictured), equating to 2.29 million barrels a day; this […]
Iraqi Aviation Industry Takes Off
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In light of Iraq’s complicated political and security climate, even the most optimistic could not expect Baghdad International Airport (pictured) to have 125 flights — even including both arrivals and departures […]
Canada Opens Diplomatic Mission in Iraq
Canada's Foreign Affairs Minister, John Baird (pictured), issued the following statement on Monday: “Today’s opening is a historic milestone in Canadian relations with Iraq and comes at a pivotal moment. Ten years after the Iraqi intervention, Iraq is one of the fastest-growing economies in the world, despite deep and lingering sectarian tensions. “With conflict raging […]
Louis Berger Group to Help Establish Erbil Stock Exchange
The Louis Berger Group has announced that it will help the Kurdistan Regional Government (KRG) to start up the Erbil Stock Exchange (ESX) in Iraq’s Kurdistan region, a joint endeavor of the Iraqi government and private sector to build a modern securities market. “The launch of the ESX initiative is yet another testimony of the […]
Hotelogix Enters Iraq, Partners with Ejaftech
HMS Infotech has announced an alliance with Ejaftech as their channel partner in Iraq for reselling Hotelogix to the hospitality industry there. Hotelogix is a cloud based Property Management System (PMS) and Online Distribution System, used by small and medium sized hospitality businesses in over 50 countries across the globe today. (Source: HMS Infotech)
Attacks on Iraqi Media Unacceptable - UN
The United Nations strongly condemns the attacks that targeted journalists and media facilities in Baghdad on 1 April. “Assaults against media organizations or journalists are unacceptable under any circumstances," the Special Representative of the United Nations Secretary-General for Iraq (SRSG) Mr. Kobler said, urging the government of Iraq to ensure that media professionals are protected […]
Parliament Publishes Full List of Absent Deputies
By Reidar Visser. The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq […]
Video: Authorities Investigate Fake Education Certs
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Kurdistan Region's Higher Education Ministry has linked over one hundred and fifty fake certificates to university students since October. Local media now claim that an adviser to Kurdistan's prime minister paid over […]
UN's Kobler visits Basra, Discusses Chapter VII
By John Lee. The Special Representative of the Secretary-General (SRSG) for Iraq, Mr. Martin Kobler (pictured), has visited Basra where he met with the Governor, Dr. Khalaf Abdul-Samad, and with the Director of the Basra office of the Independent High Electoral Commission (IHEC), Mr. Hazim Joda. He also paid a visit to the Black Iraqi […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th March 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,652 / $1,786 (-1.4%) (weekly change). The number of week traded shares was 19.4bn and the weekly trading […]
APRIL FOOL: New Iraqi Dinar to Change World Banking
By Marc Snaid. The Central Bank of Iraq (CBI) has announced that the introduction of the new Iraqi currency has been further delayed due to teething problems with the cutting-edge technology that it will employ. Radical new functionality including fingerprint recognition and near-field communication (NFC) promises to create a world-leading new monetary system, which will […]