Official Directive to Adopt Iraqi Dinar Rate
By John Lee. Iraq's National Investment Commission (NIC) has issued a directive to all companies building residential complexes in Iraq to follow the official dollar exchange rate set by the Central Bank of Iraq (CBI), specifically 1,470 dinars per dollar. Mrs. Hanan Jassim, the official spokesperson, states that this directive is in accordance with Cabinet […]
Iraq falls to Another New Low in Democracy Index
By John Lee. Iraq has fallen to another new low in the Economist Intelligence Unit's annual Democracy Index. Falling eight places to 124th out of 167 countries, Iraq is classified as "authoritarian", and scores lower than countries such as Jordan, Lebanon and Cambodia. The score is Iraq's lowest since the Index was created in 2006, […]
Can Iraq's New PM achieve a Balanced Foreign Policy?
By Dr Aniseh Bassiri Tabrizi, for the Royal United Services Institute (RUSI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Can Iraq's New Prime Minister Achieve a Balanced Foreign Policy? The new Iraqi prime minister, Mohammad Shia al-Sudani, has been signalling his intention […]
Assessing IDPs in need of Social Protection with UN Support
Ministry of Labour and Social Affairs to begin assessing Iraqi internally displaced persons and returnees in need of social protection assistance with UN support The Ministry of Labour and Social Affairs announced on Wednesday (February 1), it will begin a far-reaching verification process to assess the eligibility of internally displaced persons (IDPs) and IDP returnees […]
Iraqi Delegation to visit US to discuss Dinar Slump
By John Lee. The Iraqi dinar has reportedly fallen to new lows on Thursday, as people take to the streets to protest at the fall in the value of the Iraqi currency, which is leading to higher costs for imported goods. Various reports say that one US dollar could buy as many as 1,750 dinars […]
President Biden's Call with PM al-Sudani of Iraq
Readout of President Biden's Call with Prime Minister Mohammed Shia' al-Sudani of Iraq President Joe Biden spoke on Friday with Prime Minister Mohammed Shia' al-Sudani of Iraq to reaffirm U.S. commitment to Iraq and consult on regional developments. The President reaffirmed the U.S. commitment to the Strategic Framework Agreement with Iraq and commended the Prime […]
Kurdistan to Export Fish to Iraq and Gulf States
By John Lee. Iraqi Kurdistan's largest fish production project has started in Dohuk, and is reported to be 65-percent complete. According to a statement from the Kurdistan Region Government (KRG), the project's goal is to support domestic needs as well as sending fish products to the rest of Iraq and to Gulf countries. In the […]
Basrah-Aqaba Oil Pipeline 'will never be': Iraq Militia
By Bachar Halabi for Argus Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Basrah-Aqaba oil pipeline 'will never be': Iraq militia Iraqi aspirations to move ahead with a long-planned crude pipeline from Basrah to Aqaba in Jordan have been dealt a major blow […]
The first 100 days of Iraq's New Govt
By Omar Al-Nidawi 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. Taking stock of the first 100 days of Iraq's new government In its first 100 days in office, the government of Iraqi Prime Minister Mohammed al-Sudani has […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd February 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Return RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 946.9 -4.6% 4.0% RSISX USD Index 705.5 […]
Iraq Oil Exports for Jan: Volume Down, Prices Up
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for January of 101,245,095 barrels, giving an average for the month of 3.266 million barrels per day (bpd), down from the 3.332 million bpd exported in December. The exports from the oilfields in central and southern Iraq amounted to approximately 98,460,050 barrels, while […]
TotalEnergies "Pulls Staff from Iraq"
By John Lee. TotalEnergies is reportedly pulling its foreign staff out of Iraq as it struggles to finalise a deal with Baghdad for its $27-billion package of energy projects. According to Reuters, the negotiations have stalled over a demand from Iraq for a 40-percent share in the projects. The head of the Basra Oil Company […]