Iraq Rail Project to herald "Economic Renaissance"
By John Lee. At a meeting on Wednesday attended by the Minister of Transport, the Prime Minister, and a number of general managers, the details of Iraq's "Dry Canal" project were reviewed. The project will link Iraq's Grand Faw port, which is still under construction, by rail to the Mediterranean, with the intention of providing […]
Iraqi Court rules against KRG Budget Transfers
By John Lee. Iraq's Federal Supreme Court has ruled that budget payments from the Federal Government in Baghdad to the Kurdistan Regional Government (KRG) are unlawful. In response to the court's decision, the KRG issued a statement strongly opposing this verdict, calling it "unconstitutional and illegitimate". The statement also added: "This court is not constitutionally […]
PepsiCo Foundation and ICF announce Hope Bus Partnership
The PepsiCo Foundation and Iraqi Children Foundation Announce Hope Bus Partnership for Education, Nutrition In celebration of the International Day of Education, the PepsiCo Foundation and Iraqi Children Foundation announced a new "Hope Bus" education partnership for at-risk orphans and children living in poverty in Baghdad. The Hope Bus initiative provides vulnerable children in one […]
Iraq Freedom of Expression "Significantly Restricted"
By John Lee. Iraq has been ranked in the eighth category (out of ten) in a major new global ranking index tracking the state of free expression. The Index Index, developed by Index on Censorship and experts in machine learning and journalism at Liverpool John Moores University (LJMU), uses innovative machine learning techniques to map […]
Protests in Iraq amid Iraqi Dinar Devaluation
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. Protests in Iraq amid local currency devaluation, Central Bank changes Restrictions from the US Federal Reserve, corruption, and Iraq's lack of an electronic banking system have all led to the dinar's […]
New Iraqi Leader Tilts the Scales Toward U.S.
By Jack Detsch, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. 'They Have to Balance': New Iraqi Leader Tilts the Scales Toward U.S. Mohammed al-Sudani's public support of U.S. troops reflects a behind-the-scenes shift - and the continued threat from […]
Explainer: What is behind Iraq's Central Bank shuffle?
By Ali Mamouri for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Explainer: What is behind Iraq's Central Bank shuffle and what is next? The economic crisis in Iraq as a result of the ongoing rise in the value of the US dollar […]
Inside Story: Currency Crisis in Iraq as US confronts Iran
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: Dollar crisis shifts winds in Iraq as US confronts Iran Iraq is reemerging as a battleground for Iran and the US as deadlock remains over the 2015 Iran nuclear deal, and […]
Prosperity comes to Sunni Provinces in Iraq
From The Jerusalem Post. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Prosperity comes to Sunni provinces in Iraq Three major Sunni Muslim provinces in Iraq are witnessing great prosperity after their liberation from ISIS in 2017, with building projects underway. Click here to […]
Trade Bank of Iraq confirms Appointment of Al-Hamdani
By John Lee. The Trade Bank of Iraq (TBI) has confirmed the appointment of Bilal Al-Hamdani as Chairman, in addition to his duties as Director General of the Industrial Bank. Al-Hamdani met with senior staff and said that an "expanded strategic action plan" will be developed for the financial sector, based on the directives of […]
Iraq Confirms December Oil Exports
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for December of 103,281,459 barrels, giving an average for the month of 3.332 million barrels per day (bpd), almost equal the 3.329 million bpd exported in November. The exports from the oilfields in central and southern Iraq amounted to approximately 100,735,151 barrels, while […]
Nishtiman Bank to help Revive Kurdistan Economy
By John Lee. The Kurdistan Regional Government (KRG) has said that the opening of the state-owned Nishtiman Bank in the Region can help provide mortgages to citizens and make a connection between Iraqi and international banks, all of which are reasons for economic development and strengthening the banking system in our region. The establishment procedures […]