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 […]
Jordan-Iraq Electricity Interconnector to be Completed by end-2024
By John Lee. Jordan's Minister of Energy and Mineral Resources, Saleh Al-Kharabsheh, has reportedly confirmed that the Jordanian-Iraqi electrical interconnection project is expected to be completed by the end of 2024. Jordan News quotes the minister as saying that all tenders for the project have been awarded by the Jordanian side, including the tender for […]
Fmr Iraqi Transport Minister sentenced for Corruption
By John Lee. A former Iraqi Transport Minister has reportedly been sentenced to "maximum imprisonment" for corruption. According to The National, Kazem Al Hamami was sentenced in absentia, having been accused of tampering with contracts and tenders during his tenure as Minister from 2014 to 2018. The accusations related to a land deal involving the […]
Court House in Ninewa Re-opens after Rehabilitation
Ba'aj Court House in Ninewa officially reopens after rehabilitation The Ba'aj Court House in Ninewa has officially reopened after extensive rehabilitation, aiming to improve judicial infrastructure in western Ninewa. The facility was inaugurated during a two-day visit by the UNDP Resident Representative to western Ninewa, where he took stock of the progress made and explored […]
Desert Truffles play Important Role in Iraq's Economy
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Desert truffles play important role in Iraq's tradition and economy In Iraq, desert truffles can be found in some of the most remote areas. Al Jazeera's Mahmoud Abdelwahed reports from Samawa, southern Iraq: […]