Iraqi Kurdistan generates approx 7000 tons of Waste Daily
Waste management in Kurdistan is part of the government's duties and a special budget has been devoted to this issue. The Kurdistan Region generates 6900 tons of garbage every day. The cost of collecting and reducing each ton is 50,000 Iraqi dinars (33.82 USD). Mr. Aras Foad director of environmental services at the Ministry of […]
Iraq Restores Value of Dinar
By John Lee. The Iraqi authorities have approved a revaluation of the Iraqi dinar. In a statement said on Tuesday, the Central Bank of Iraq (CBI) said that, starting on Wednesday, the exchange rates will be as follows: 1,300 dinars per dollar: the price of purchasing a dollar from the Ministry of Finance; 1,310 dinars […]
Tabaqchali: Iraqi Market Begins to Discount Currency Upheavals
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: Market Begins to Discount Currency Upheavals The market, as measured by the Rabee Securities RSISX USD Index, was down 5.0% for January. F or […]
Hanwha expected to Return to Bismayah Housing Project
By John Lee. A new road map has been put in place for the continuation of work on the the giant Bismayah New City project on the outskirts of Baghdad. According to a statement from the National Investment Commission (NIC), South Korean company Hanwha is expected to sign a revised contract in the coming weeks, […]
German Firm Challenges Iraq Arbitration Ruling
By John Lee. Germany's AHG Industry GmbH & Co. KG has applied for an annulment of the recent award made in favour of the Iraqi Government, in relation to a dispute over the alleged takeover of a cement factory in Kirkuk. The World Bank's International Center for Settlement of Investment Disputes (ICSID) had previously dismissed […]
Private Sector is Key for Jordan-Iraq Economic Cooperation
By John Lee. The President of the Jordanian Businessmen Association, Hamdi Tabbaa (pictured), has said that partnerships between Jordan and Iraq's business communities are crucial for a successful economic relationship between the two nations. He called for an action plan to outline both sides' priorities and track agreement outcomes. On February 8th, a joint committee […]
NIC considers Investment Offers from Hazar Group / YDA
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Muhammad Makiya, has met with Sheikh Hazar Al-Zibari, Chairman of Hazar Group, which is the Iraqi partner of the Turkish YDA Holdings . During their meeting, Sheikh Al-Zibari discussed various projects that the group intends to implement in Iraq, including residential city […]
Orascom discusses Investment in Iraq
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Muhammad Makiya, has met with the Chairman of Egypt's Orascom Investment Holding company, Naguib Sawiris. According to a statement from the NIC, they discussed a number of opportunities and sectors the company is willing to invest in, such as taking part in […]
Announcing the Fulbright Foreign Student Program for 2024-2025
Fulbrighters live and learn together with people of different cultures and become part of a global network that fosters mutual understanding between nations, advances knowledge across communities, and improves lives around the world. After they return home, they join thousands of alumni serving as leaders across the globe and in every field imaginable. The Fulbright […]
Will visit to Iran reconcile Iraq's divided 'Shiite House'?
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Inside story: Will visit to Iran reconcile Iraq's divided 'Shiite House'? When the Sadrist Movement in early January called for a mass "unified Friday prayer," there was some consternation among observers. As the […]
Training on Conservation Agriculture and Land Management
FAO training on Conservation Agriculture and Land Management Practices The Food and Agriculture Organization of the United Nations (FAO), in coordination with the Ministry of Environment (MoE), Ministry of Agriculture (MoA) and Ministry of Water Resources (MoWR), launched on 30 January 2023 the training on Conservation Agriculture and Land Management Practices through Farmer Field Schools […]
Biden-Abdullah-Sudani call Reiterated Support for Iraq
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Trilateral Biden-Abdullah-Sudani call reiterated support for Iraq The Iraqi prime minister also discussed Iraq's economic situation with the president as the dinar continues to slide against the dollar. Jordan's […]