UNHCR Iraq lists Achievements for 2022
By John Lee. The United Nations High Commissioner for Refugees (UNHCR) has issued a report on it's activities in Iraq during 2022. It lists its key achievements for the year as: Vulnerable internally displaced Iraqis to be enrolled in the Ministry of Social Affairs' social assistance programme and benefit from monthly cash payments under the […]
Production Re-Starts at Qayara Oil Field
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, has announced the restart of production, loading, and export operations from the Qayyarah oil field in Nineveh Governorate. The field has a capacity of 33,000 barrels per day (bpd). Tankers and rail will be used for transportation. Around 30,000 bpd will be exported to the ports […]
Western Union seeks to grow its presence in Iraq
By John Lee. The Governor of Central Bank of Iraq (CBI), Dr. Ali Mohsen Al-Alaq, has met with Jean Claude Farah, Western Union's President for the Middle East and Asia Pacific. According to a statement from Mr Farah on Linked In, they talked about how Western Union can further grow its presence across the country […]
Iraqi PM Predicts Dinar Value
By John Lee. The Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani (pictured), has said the he anticipates the exchange rate between the Iraqi dinar and the US dollar will stabilize at the official rate of 1,320 IQD. Speaking at the Iraq Forum for Stability and Prosperity in Baghdad last week, he also said that […]
Iraqis Fly to Nearby Countries to Get Dollars
By David S Cloud, for the Wall Street Journal. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqis Fly to Nearby Countries to Get Dollars as U.S. Cracks Down on Money Laundering The cash-driven economy relies heavily on the greenback for transactions. Click here […]
Kuwait Funds allow UNHCR to continue Services to Refugees in Iraq
Funds from Kuwait Fund for Arab Economic Development allow UNHCR to continue delivering essential services to refugees in the Kurdistan Region of Iraq UNHCR, the UN refugee agency in Iraq, in cooperation with the Kurdistan Regional Government and Ministry of Interior, with generous financial support from the Kuwait Fund for Arab Economic Development, opened a […]
Large Trade Delegation from Germany to visit Erbil
Prime Minister Masrour Barzani on Thursday received the German Ambassador to Iraq, Martin Jaeger at the end of his term. The Prime Minister reiterated his appreciation for the German Ambassador's continuous efforts to strengthen ties between Kurdistan and Germany, while wishing him success in his future positions. The German Ambassador expressed gratitude to the Kurdish […]
Iraq's Minister of Construction meets Italian Investor
By John Lee. The Iraqi Minister of Construction, Housing and Public Works, Bengin Rikani [Bangin Rekani], has met with Kamel Ghribi, who is the Chairman of GK Investment Holding Group, President of GKSD Holding, President of GSD Healthcare Middle East and Vice President of Gruppo Ospedaliero San Donato (San Donato Hospital Group). They discussed potential […]
More Details on Sale of Iraqi Cement Plant
By John Lee. Pakistan's Attock Cement Pakistan Limited has given notice of an Extraordinary General Meeting (EGM) to be held on 25th May to approve the sale of its cement grinding facility in Iraq. According to a stock excchange filing, Attock proposes to sell its 60-percent share (18 million shares) in Saqr Al-Keetan for Cement […]
Iraq drafts Law to Regulate Electronic Payments
By John Lee. The Iraqi Cabinet has agreed to draft a a law to regulate electronic payments in Iraq. The Legal Department of the General Secretariat of the Council of Ministers will work together with the Central Bank of Iraq (CBI), the Federal Board of Supreme Audit, and the Economic Adviser to the Prime Minister […]
Tag Ends of Currency Upheaval Sparks Market Rally
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. Tag Ends of Currency Upheaval Sparks Market Rally The market, as measured by the Rabee Securities RSISX USD Index, was up 12.5% for the month, and up […]
UNDP partners with Private Sector companies in Karbala
UNDP partners with private sector companies in Karbala to boost youth employment The United Nations Development Programme (UNDP) has signed a Statement of Intent with eight private sector companies in Karbala during the second phase of a Job Matching Project aimed at curbing youth unemployment in the governorate. The Job Matching Project is designed to […]