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 […]
Iraq signs Declaration on Children, Youth and Climate Action
UNICEF commends the Government of Iraq for signing the Declaration on Children, Youth and Climate Action UNICEF commends the Government of Iraq for signing the Declaration on Children, Youth, and Climate Action. It demonstrates the strong commitment of the Government to the Convention on the Rights of the Child as it comes on the eve […]
Finnish Company Trains Iraqi Air Traffic Personnel
By John Lee. A delegation from Iraq's General Company for Air Navigation/Aviation Communications has participated in a training workshop and inspection of the AOWS system, held at the Finnish company Vaisala. This is part of the Mosul International Airport reconstruction project led by the Ninewa Governorate. Mr. Wissam Sameer Abbas, Deputy Director General, stated that […]
Car Smuggling Network at Safwan Border Crossing
By John Lee. Iraq Commission of Integrity has stopped a car smuggling operation in Basra. The investigative team in Basra dismantled the car trafficking network operating through the Safwan border crossing. Three individuals were apprehended, and seven vehicles were seized as they were being smuggled out of the border. (Source: Commission of Integrity)
8 Iraqi Rail Lines Re-Opened in Past Year
By John Lee. The Iraqi Ministry of Transport has announced the reactivation of eight previously dormant rail lines: The first dual line from south Baghdad to Al-Musayyib, covering 40 km, on August 30, 2023; The rehabilitated Baiji field line, opened on November 5, 2022; The North Umm Qasr Port Rail Line, on December 22, 2022; […]