Iraq: A New Opportunity to Reform
From the World Bank: Iraq Economic Monitor, Fall 2022: A New Opportunity to Reform The World Bank's new Iraq Economic Monitor, A New Opportunity to Reform finds that high oil prices have boded well for Iraq's economy pushing fiscal and external balance into double digit surpluses. After growing by 2.8 percent in 2021, GDP growth […]
Tadano supplies Cranes to North Refineries Company (NRC)
By John Lee. Iraq's North Refineries Company (NRC) has added to its existing Tadano fleet with the delivery of three new Tadano GR-300EX-3 model cranes. NRC is based in Baji, a city of 175,000 in northern Iraq's Salahaddin Province, about 210km north of Baghdad. Founded in 1978, NRC's refinery endured significant turmoil during the Gulf […]
Japan boosting Infrastructure Projects in Iraq
JICA renews commitment to boost infrastructure projects for socio-economic development in Iraq The United Nations Development Programme (UNDP) in Iraq and Japan International Cooperation Agency (JICA) Iraq Office have signed a renewed partnership agreement to monitor and accelerate the implementation of socio-economic infrastructure projects in Iraq. Implemented by the Government of Iraq (GoI) with loan assistance […]
Belgium Increases Support for Stabilization in Iraq
Belgium increases its support to stabilization in Iraq with new EUR 1.5 million contribution The Government of Belgium has contributed an additional EUR 1.5 million (approximately US$ 1.49 million) to the Funding Facility for Stabilization. The critical funding will support stabilization efforts implemented by the United Nations Development Programme (UNDP) across Iraq's five governorates: Anbar, […]
Mosul's only Pediatric Hospital Reopens
Taking care of the youngest: Mosul's only pediatric hospital, Ibn al-Atheer, and the University's Kindergarten reopen The newly rehabilitated Ibn al-Atheer Hospital was officially inaugurated by the United Nations Development Programme (UNDP), the Federal Republic of Germany, the Ministry of Health and the Ninewa Governorate. As the only pediatric hospital in Mosul, Ibn al-Atheer will […]
Profile: Iraqi Prime Minister al-Sudani
By May Kadow and Erik Yavorsky for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Who Is Mohammed Shia al-Sudani? A closer look at the new prime minister's political career, past affiliations, and key cabinet picks as […]
France Renews Commitment to De-Mining in Iraq
France Renews its Commitment to Protecting Civilians impacted by Explosive Ordnance in Iraq The United Nations Mine Action Service (UNMAS) welcomes the contribution of EUR 500,000 (approximately USD 495,370) from the Government of France, which will support the Government of Iraq in its efforts to protect civilians impacted by the threat of explosive ordnance and […]
Belgium Provides Funding for De-Mining in Iraq
Belgium Provides an Additional EUR 1,000,000 for UNMAS Activities in Iraq The United Nations Mine Action Service (UNMAS) in Iraq welcomes an additional contribution of EUR 1,000,000 (approximately USD 980K) from the Government of Belgium, which will support the Government of Iraq in protecting civilians impacted by the threat of explosive ordnance and enabling humanitarian […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th November 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD923 (+3.2%) / $805 (+1.9%) (weekly change) (+0.5% and 0.0% YTD change, respectively). The weekly trading volume was […]
World Bank's IFC proposes Loan to Al Douh Cement
By John Lee. The International Finance Corporation (IFC), part of the World Bank Group, has proposed a corporate loan of up to USD65 million to Al Douh Cement, one of the leading producers of cement in Iraq, to finance the company's planned expansion of its production capacity. Al Douh was established in 2008 to meet […]
Iraqi PM Doubles Down on Oil Deals with China and Russia
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's New Prime Minister Doubles Down On Oil & Gas Deals With China And Russia It is possible that U.S. Secretary of State, Antony Blinken, believed for a moment that […]
Iraqis "keen to Invest" in Bangladesh
By John Lee. Some Iraqi business people are reportedly interested in investing in Bangladesh's pharmaceutical and leather sectors. According to The Daily Star, this could be either through joint ventures or on their own. The comments follow a visit by a six-strong delegation from the Sulaymaniya Chamber of Commerce & Industry to the Dhaka Chamber […]