Iraq Currency Smuggling: Reduced, but Not Eliminated
From The Jerusalem Post. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq currency smuggling: Reduced, but not eliminated While the flow of smuggled dollars out of Iraq has decreased, those seeking to bring cash into Iran have found workarounds to the new procedures. […]
Two Saddam-Era Officials Removed from Sanctions Lists
By John Lee. The UN Security Council has removed the following individuals from its Sanctions List: Ayad Futayyih Khalifa Al-Rawi Chief Of Staff, Quds Force, 2001-2003; Former Governor of Baghdad and Ta'mim. IQi.030 Name: 1: AYAD 2: FUTAYYIH 3: KHALIFA 4: AL-RAWI Title: na Designation: na DOB: 1942 POB: Rawah, Iraq Good quality a.k.a.: na […]
Jiyad: SOMOs Leadership, 50 Years On
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The recent appointment of Ammar Al-Anbagi as the new, a twelfth in a row, director general of Iraq's State Oil Marketing Organization (SOMO), might be an opportunity to review the path of […]
Iraqi PM promotes Local Pharmaceutical Industry
By John Lee. Prime Minister Mr. Mohammed S. Al-Sudani, chaired the second meeting with the Pharmaceutical Manufacturers Association of Iraq this week in the presence of the Minister of Health, the Minister of Industry and Minerals, and several Director Generals in the two ministries. The meeting focused on endorsing the recommendations related to the localization […]
New Initiative to Support Entrepreneurs in Iraq
Seed investor Flat6Labs has launched its StartMashreq entrepreneurship program. The regional program is being implemented over a two-year period in partnership with the International Finance Corporation (IFC), a member of the World Bank Group, and the government of the Netherlands. As the first program of its kind, StartMashreq will offer comprehensive support to entrepreneurs across […]
Iran's Exports to Iraq to Exceed $9bn: Official
A member of the board of directors of Iran-Iraq Joint Chamber of Commerce said that the export of Iranian products to neighboring Iraq is expected to surpass $9 billion. Currently, the situation surrounding Iran's exports to Iraq is satisfactory, Hamid Hosseini said, expecting that Iran's exports to neighboring Iraq will exceed $9 billion in the […]
Italy and ILO support Private Sector in Southern Iraq
Italy and the ILO support private sector development in Southern Iraq's green economy A new agreement between Italy and the International Labour Organization (ILO) will enhance support to private sector development and decent job creation in Southern Iraq, with a focus on promoting sustainable green businesses. Under the agreement, hundreds of young women and men […]
Tabaqchali: Dinar Revalued Upwards, Market Shrugs
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. Iraq Market Report: Dinar Revalued Upwards, Market Shrugs The market, as measured by the Rabee Securities RSISX USD Index, was up 24.9% in February, and up 18.8% […]
Ninewa's Medical Fluids Factory Re-opens
UNDP and USAID re-open Ninewa's Medical Fluids Factory to strengthen Iraq's health system The U.S. Ambassador to Iraq, Alina Romanowski, and Deputy Resident Representative of the United Nations Development Programme (UNDP) in Iraq, Ghimar Deeb, recently participated in the reopening of the Ninewa Medical Fluids Factory, which will provide over 300 jobs and strengthen Ninewa's […]
US Allows Iraq to Release $500m to Iran
US Allows Iraq to Release $500 Million in Iran's Blocked Assets The United States has allowed Iraq to release the Iranian blocked assets worth $500 million due to sanctions relief, an Iranian official said. The US has mandated Iraq to release $500 million in Iranian blocked assets, the secretary-general of Iran-Iraq Joint Chamber of Commerce […]
Youth Dynamics and Iraq's Energy Future
By Salam Jabbar Shahab 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. Youth dynamics and Iraq's energy future The next few decades will be crucial for Iraq and the Kurdistan Regional Government (KRG) as global changes reshape the […]
90 Arrest Warrants/Summonses for Snr Iraqi Officials in Jan
By John Lee. The Federal Commission of Integrity (FCoI) has revealed that the judiciary issued a total of 90 arrest warrants and summons orders during the month of January. These orders were directed at senior officials suspected of corruption under investigation by the FCoI's offices and directorates in Baghdad and other provinces. According to the […]