Foot-and-Mouth Disease in Iraq stokes Public Backlash
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Foot-and-mouth disease in Iraq stokes public backlash, blame game Iraqi authorities are facing mounting public anger amid a new outbreak of the devastating foot-and-mouth disease. The full article can be viewed here (registration […]
Petrel Resources Raises £250,000 for Iraq Oil Projects
By John Lee. Irish-based Petrel Resources Plc (LON: PET) has raised £250,000 through a share placement managed by Novum Securities. The placement represents a 45% discount to the closing price on 5 March 2025. According to a statement from the company, the funds will provide additional working capital, supporting Petrel's efforts to secure new oil and […]
IBBC Report "Is Iraq Business Ready?" Now Available in Arabic
From the Iraq Britain Business Council (IBBC): Now Available in Arabic: Professor Frank Gunter's Report "Is Iraq Business Ready?" The Iraq Britain Business Council (IBBC) is pleased to announce the release of the Arabic version of Professor Frank Gunter's report, which was presented at the IBBC Baghdad Conference on 17 February 2025. Titled "Is Iraq […]
Central Bank of Iraq Supports Green Industrial Initiatives
By John Lee. The Central Bank of Iraq (CBI) has announced a new initiative to support clean energy solutions, aligning with global sustainability efforts and the environmental policies of central banks worldwide. As part of its renewable energy initiative, CBI will offer low-interest loans to local brick factories, enabling them to switch from high-pollution fuel […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 6th March 2025. Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 2,191.7 -1.2% -2.6% RSISX USD Index […]
Tabaqchali: Banks End a Second Year with a Bang
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. Banks End a Second Year with a Bang The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), continued with the process […]
Iraq Launches Digital Tax Inquiry Service
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a meeting of the High Committee for Tax Reform on Wednesday, where he launched the Digital Tax Inquiry Service within the Ur e-Services Platform. The service enables citizens, businesses, and companies to electronically check their tax status with speed, accuracy, and transparency. It also resolves issues […]
81 Schools in KRI now Powered by Solar Energy
The Ministry of Education of the Kurdistan Regional Government (KRG) has installed solar power systems in 81 schools across the governorates of Erbil, Slemani, Duhok, Halabja and Kirkuk. Saman Siwayli, spokesperson for the ministry, stated that the initiative aims to ensure schools have uninterrupted 24-hour electricity, eliminating reliance on power generators. To further expand the […]
Iraq to Support Youth in Agriculture and Climate Sectors
By John Lee. Iraq's Supreme Council for Youth has launched "Mubadara Al-Khair" (Initiative of Goodness) programme to empower young entrepreneurs in agriculture, food security, livestock, and climate sectors. The initiative, directed by Prime Minister Mohammed S. Al-Sudani, includes: Providing loans to youth-led projects. Training and mentorship for participants. Support in acquiring modern equipment for agricultural […]
Knights: "Make Iraq Independent of Iranian Energy"
By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Make Iraq Independent of Iranian Energy By letting previous waivers expire, the United States can help Baghdad establish other suppliers and stand on its own […]
Central Bank of Iraq Revokes ForEx Licence
By John Lee. The Central Bank of Iraq (CBI) has decided to revoke the licence of Al-Tufan Company for Currency Exchange and Brokerage due to what it describes as violations of Regulation No. (1) of 2022, which governs the operations of exchange and brokerage firms in Iraq. Click here to see the full statement from […]
Iraq's Banking Loans Grew by 5.4% in Q4 2024
By John Lee. The Central Bank of Iraq (CBI) has reported a 5.4-percent increase in banking sector loans and advances in Q4 2024, reaching IQD 64.12 trillion [$49 billion], up from IQD 60.81 trillion in the same period of 2023. According to state-run Iraqi News Agency (INA), the CBI noted that this growth reflects improved […]