UNDP makes Policy Recommendations for Iraq's Economic Recovery

Impact of COVID-19 on the Iraqi economy: New report highlights policy recommendations for Iraq's economic recovery Expanding social security coverage for vulnerable groups, increasing revenue generation to fund key Government programmes, and allocating more resources to develop the private sector are some of the key recommendations made by the United Nations Development Programme (UNDP) in […]

KRG PM convenes Supreme Economic Council

KRG Prime Minister Masrour Barzani convenes Supreme Economic Council KRG Prime Minister Masrour Barzani today presided over a meeting of the Supreme Economic Council to discuss challenges and opportunities for greater economic growth and prosperity in the region. Joined by Deputy Prime Minister, Qubad Talabani, Prime Minister Barzani affirmed the government is pursuing its ambitious […]

Corruption continues to Threaten Iraq's Stability

By Azhar Al-Ruabie for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Corruption continues to threaten Iraq's stability Iraqi Prime Minister Mustafa al-Kadhimi visited the city of Nasiriyah on Oct. 5 and confirmed that there are 270 uncompleted projects, some of them unfinished […]

Will Washington Risk a Collapse in Iraq?

By Robert S. Ford, Gönül Tol, Paul Salem, Marwa Maziad and Marvin G. Weinbaum, for The Middle East Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Five of MEI's experts give their opinions of the changing relationship between the United States and […]

UNAMI welcomes Agreement on Sinjar

Welcoming the agreement between the Federal Government of Iraq and the Kurdistan Regional Government (KRG) on the status of Sinjar district in Ninewa as a "first and important step in the right direction", the United Nations Assistance Mission for Iraq (UNAMI) expressed hope that it would pave the way for a better future. Sinjar witnessed […]

Iraqi Shiites march on Karbala

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Despite COVID-19, political crisis, Iraqi Shiites march on Karbala The commemoration of Arbaeen in Iraq was different this year due to the unique circumstances of the pandemic and political conflict. Shiites across the […]

Confronting the Traumatic Fallout of War in Iraq

By Hussein Al-Alak, Editor of Iraq Solidarity News (Al-Thawra). Re-published with permission by Iraq Business News. In May 2005, the UN announced that Iraq was "about to become a transit station for heroin", where after being "manufactured in Afghanistan is heading towards Europe through neighbouring Iran". In 2013, it was reported that "violence, unemployment and […]

IBBC welcomes Iraq's EBRD Membership

From the Iraq Britain Business Council (IBBC). Joining the European Bank for Reconstruction and Development (EBRD) is great news for Iraq. The IBBC welcomes EBRD membership on a number of levels as Iraq will both benefit from joining an organisation mandated to develop open and sustainable market economies in countries committed to, and applying, democratic […]

Former Unaoil Exec Jailed over Bribery in Iraq

Former Unaoil executive sentenced for paying bribes to win $1.7-billion worth of contracts Basil Al Jarah has today been sentenced to three years and four months' imprisonment for paying in excess of $17m in bribes to dishonestly secure approximately $1.7bn worth of contracts in post-occupation Iraq. Al Jarah, Unaoil's former Iraq partner, conspired with others […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th Oct 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD666 (+0.6%) / $694 (+0.2%) (weekly change) (-1.1% and -1.0% YTD change, respectively). The number of week traded […]

Can Kadhimi curb the Influence of Iran-backed Militias?

By Hamdi Malik, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Can Kadhimi curb the influence of Iran-backed militias in Iraq? Notwithstanding Iraqi Prime Minister Mustafa al-Kadhimi's desire to bring all of Iraq's armed groups under the authority of […]

Iraq to join European Bank for Reconstruction and Development

Iraq has taken the first step to become a member of the European Bank for Reconstruction and Development (EBRD). The 71 existing shareholders of the multilateral financial institution approved a request by the country during the Bank's Annual Meeting on Wednesday. The EBRD promotes private sector development and sustainable and inclusive growth through a combination […]