KRG Digitises several Major Services
From the Kurdistan Regional Goverment: According to the strategic program set by the Kurdistan Regional Government (KRG), by the end of 2025, all services in Kurdistan will be managed digitally and electronically and no paper will be used. The Prime Minister's vision for the issue of digitalization of government institutions and services has been made […]
Cabinet approves 200-MW Solar Plant in Karbala
By John Lee. The Iraqi government has approved the recommendation of the Ministerial Council for Energy (59 of 2022) to build a new 200-MW solar power plant in Karbala governorate. The decison was made at this week's cabinet meeting, chaired by Prime Minister Muhammad Shia Al-Sudani. In December 2021, the Cabinet approved a the contract […]
dnata breaks ground on $14m Warehouse in Erbil
By John Lee. The Dubai-based air and travel services provider dnata has broken ground on its new, 20,000-m2 cargo warehouse at Erbil International Airport (EBL). According to a statement from the company, the facility represents an investment of US$ 14 million and will create up to 50 additional, direct jobs with dnata in Iraq. The […]
408-meter Ranya Bridge to be "Longest in the Area"
Ranya bridge to be the longest bridge in the area A statement from the Kurdistan Regional Government (KRG) has said that the Ranya bridge, which connects Raparin administration with Sulaimani province, will be the longest bridge in the area and will be completed within six to eight months. Hiwa Abdullah, an engineer on the project, […]
Iraq signs MoU with American Concrete Institute
By John Lee. Iraq's Ministry of Construction has announced that its Building Research Department signed a memorandum of understanding with the American Concrete Institute (ACI). The MoU aims to, "increase cooperation and coordination in the field of improving concrete facilities, through the preparation of research and publications, holding meetings and conferences, membership of committees, activities […]
Graft helps push Iraqi Property Prices out of reach
By Laure Al Khoury and Salam Faraj for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. In Iraq, graft helps push property prices out of reach Real estate in Iraq has become a popular way to launder money, including stolen public […]
Two Health Centers to be built in Erbil
The Kurdistan Regional Government (KRG) is building two health centers in Erbil's Sebardan and Farmanbaran neighborhoods which will provide free health services to people. Saman Salman, the media director of the health ministry spoke about the allocated budget and said "the allocated budget for building the health centers is 1.320 billion [Iraqi dinars] and it […]
Iraq Market Report: Currency Upheavals Disrupt Market Activity
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: Currency Upheavals Disrupt Market Activity The market, as measured by the Rabee Securities RSISX USD Index, was down 1.0% for the month and down […]
Iraqi PM sees Tensions spike with Political Allies
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi prime minister sees tensions spike with political allies Differences are growing between Iraqi Prime Minister Muhammad Shia al-Sudani and his political ally in parliament, the Coordination Framework. Click here to […]
Iran, Iraq agree on Developing Medical Cooperation
Iranian Health Minister Bahram Einollahi and his Iraqi counterpart Saleh Mahdi Al-Hasnawi have reportedly reached an agreement on developing medical cooperation. The two sides discussed ways to develop joint cooperation in the field of supplying medicine and medical equipment. They also reviewed trip of medical teams, holding joint medical conference, treatment of patients and training […]
Happy New Year from all at Iraq Business News!
As we publish our first newsletter of the new year, we'd like to say a special word of thanks to all of our contributors, and especially to our Expert Bloggers, Ahmed Mousa Jiyad and Ahmed Tabaqchali (AFC Iraq Fund), who have given us the benefit of their wisdom and observations over the past twelve months. […]
Iraqi Shares Out-Perform World Markets
By John Lee. The Iraqi stock market, as measured by Rabee Securities ISX Index, has out-performed the main international markets over the past year, closing at IQD910.3 / $774.8 (-0.8%/-3.8% YTD change). (Please note: USD RSISX Index was updated for year-end closing with FX rate of 1525 (Dec. 29)). This fall of 3.8 percent in […]