Largest Afforestation Project ever in Iraqi Kurdistan
From the International Labour Organization (ILO): ILO's groundbreaking afforestation project in Kurdistan Region of Iraq boosts sustainable development and decent work The initiative, funded by the Government of the Netherlands under the PROSPECTS Partnership, aims to address climate challenges and create over 700 short-term jobs for local Iraqis, internally displaced persons (IDPs), and Syrian refugees. […]
IDC Completes New Wells at Zubair and Fakka
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of two oil wells in the Zubair and Fakka [Jabal Fauqi] oil fields. The ZB-608 oil well in the Zubair oil field reached a depth of 3,598 meters using the 1,500-horsepower IDC 38 drilling rig. This is part of the contract with […]
The Rise and Fall of an Iraqi Strongman
By Simona Foltyn, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Rise and Fall of an Iraqi Strongman Mohammed al-Halbousi's ruthless consolidation of power alienated both Sunnis and Shiites. Click here to read the full article (subscription required).
Will an Iraqi Front Open in the Hamas-Israel War?
By Bilal Wahab and Selin Uysal, 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. Will an Iraqi Front Open in the Hamas-Israel War? The risky tit-for-tat strikes between U.S. and militia forces are one symptom of […]
UK Trade with Iraq Up 54%
By John Lee. The UK's Department for Business and Trade has said that total trade in goods and services (exports plus imports) between the UK and Iraq was £1.1 billion [$1.38 billion] in the four quarters to the end of Q2 2023, an increase of 54.2% or £391 million in current prices from the four […]
Germany working on Financial Inclusion in Iraq
By John Lee. Germany's Gesellschaft für Internationale Zusammenarbeit (GIZ) (German Agency for International Cooperation) has joined forces with the Iraqi Private Banks League (IPBL) to work on more inclusive financial services. "Together, we can harness the unique strengths from both the private sector and the public sector and make a significant contribution to financial inclusion […]
Introducing the Iraqi University Ecosystem (IUE) Project
By Aziz Al Nassiri. This document explains the Iraqi University Ecosystem (IUE) project Introduction: The business environment in Iraq is one of the most challenging in the region. Instability, lawlessness, corruption, absence of development plans, flight of capital, brain drain, diminution of the middle class, rentier economy, rapid population growth, global warming, Fourth Industrial Revolution. […]
KRG PM Initiates Key Industrial Projects in Zakho
By John Lee. On Sunday, November 19, 2023, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) launched two pivotal projects in Zakho: an industrial area and a recycling factory. In his speech, Prime Minister Barzani emphasised the projects' roles in job creation and economic growth in the Kurdistan Region. The recycling plant, the […]
Iraq Prepares Plans to Process Imported Gas at Al Faw
By John Lee. Iraqi Prime Minister, Mr. Mohammed Shiaa Al-Sudani, chaired a meeting on Monday to continue discussions on the establishment of a fixed platform for processing imported gas in Al-Faw Port. According to a statement from the Media Office of the Prime Minister, the project is a crucial strategic initiative for Iraq, aiming to […]
Funding Iraqi Entrepreneurs under the PROSPECTS Programme
The ILO, the Central Bank of Iraq and partners celebrate success of the financial Inclusion Initiative for MSMEs under the PROSPECTS Programme [EN/AR] Hundreds of loans have been disbursed to aspiring entrepreneurs and existing MSMEs through the project, contributing to the creation and retention of more than 1,200 job opportunities for Iraqi host communities and […]
Without Change, There Is No Hope for Iraq
By Dr. Layth Mahdi. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Without Change, There Is No Hope for Iraq I am a senior citizen that wants to contribute the last chapter of my life helping to rebuild Iraq. Despite all my efforts, I […]
Iraq's Parliamentary Speaker was Removed. What's Next?
By Abbas Kadhim 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. Iraq's parliamentary speaker was removed. What's next for the country? The Iraqi Supreme Court set a new precedent by revoking the membership of Mohamed al-Halbousi in the Council […]