Iraq's Unemployment Crisis puts spotlight on Foreign Workers
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's unemployment crisis puts spotlight on foreign workers Iraq has a major unemployment problem. For the past decade, official unemployment rates have seen a continuous rise, reaching 14.2% in 2021. The lack of […]
Iraq Confirms September Oil Exports
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for September of 98,765,153 barrels, giving an average for the month of 3.292 million barrels per day (bpd), slightly up from the 3.286 million bpd exported in August. The exports from the oilfields in central and southern Iraq amounted to approximately 96,445,421 barrels, […]
KRG PM inaugurates Lanaz Refinery
By John Lee. KRG Prime Minister Masrour Barzani has inaugurated the Lanaz Refinery in Erbil. According to a statement from the KRG, the inauguration paved "the path to hundreds of new employment opportunities for Kurdistani youth at the facility, which boasts of a production capacity of 75,000 barrels of crude oil per day." The statement […]
New Iraqi Cabinet Approved [FULL LISTING]
By John Lee. The Iraqi parliament has given a vote of confidence to incoming Prime Minister Muhammad Shia al-Sudani and his new cabinet. A full listing of the new ministers, along with alternative spellings used by some sources, is shown below: Deputy Prime Minister and Minister of Foreign Affairs, Mr. Fouad Hussein [Fuad Hussein] Vice […]
How can Iraq help 3.5m Citizens in Urban Slums?
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. How can Iraq help 3.5 million citizens living in urban slums? The government and parliament in Iraq are working to address the slum housing crisis, facing obstacles and wide […]
Ahmed Tabaqchali: Iraq's Wealth and the Forty Thieves
By Ahmed Tabaqchali, Chief Strategist of Asia Frontier Capital (AFC) Iraq Fund. This article was originally published by the LSE Middle East Centre. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Wealth and the Forty Thieves: Structural Enablers of Corruption with Impunity The […]
Baharka Hospital in Erbil officially opened
On 24 October 22, the Baharka Hospital was inaugurated in Erbil in the north of Iraq by representatives of the Kurdish Regional Government, the United Nations Development Programme (UNDP) and German representatives - including KfW Development Bank. The opening of the hospital will create further urgently needed capacity for the care of patients with airborne […]
iQ launches Silk Route Transit Network
By John Lee. Sulaymaniyah-based internet provider iQ has launched its new Silk Route Transit fibre-optic service. According to a press release, the new service will, "improve connectivity in the Middle East to the rest of the world ... [and] provide better latency and heighten download speeds across the continent to enable unprecedented streaming and gaming […]
Suspect in Theft of $2.5bn Arrested at Airport
By John Lee. Iraqi authorities have arrested a businessman suspected of involvement in the theft of $2.5 billion from the country's tax agency. The man, the Managing Director of an oil services company, was detained as he attempted to fly out of Baghdad International Airport (BIAP) on a private jet to Turkey. (Source: Commission of […]
Revival of Border Crossing shows Shift in Iraq-Saudi Ties
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Revival of key border crossing shows shift in Iraq-Saudi ties A new phase of Iraqi-Saudi relations has begun, marked by efforts to strengthen ties between the neighbours. In September, the Jadidat Arar land […]
ILO and Erbil Polytechnic University develop Local Skills
ILO and the Erbil Polytechnic University partner to develop local skills in Employment Intensive methods The International Labour Organization (ILO) and the Erbil Polytechnic University (EPU) have signed a Memorandum of Understanding to develop the skills of technicians and workers in cultural heritage development The collaboration is part of the on-going project "Support to livelihoods […]
Russian-Iraqi Oil Ties "Only Getting Stronger"
By John Lee. More than 100 representatives of leading Iraqi and Russian businesses took part in the Russian-Iraqi Business Forum in Moscow last week. According to a press release from The Chamber of Commerce and Industry of the Russian Federation, the Ambassador of Iraq in Moscow, Mr. Abdurakhman Al-Husseini, told delegates that Iraq is open […]