New App allows Iraqis to trade US-Listed Stocks
By John Lee. Ishtar Gate Company for E-Payment Systems and Services, an Iraq-based fintech company, has reportedly released an app that allows users to trade US-listed stocks via a mobile app called Bluepay. According to Newsfile, the company was recently approved by the Central Bank in Iraq (CBI) as the "first and only company to […]
UNICEF donates $2.5m PPE to Kurdistan
UNICEF donates personal protective equipment worth over $2.5 million to the Ministry of Health of the KRI UNICEF has handed over personal protective equipment (PPE) worth $2.5 million to the Ministry of Health. The ceremony was held in the presence of the Minister of Health of the Kurdistan Region Government, Dr. Saman H. Barzangy, and […]
KRG PM receives JICA delegation
KRG Prime Minister Masrour Barzani has received a delegation from the Japan International Cooperation Agency (JICA), headed by the agency's Vice President Ando Naoki. Prime Minister Barzani thanked the Japanese government and JICA for assisting the Kurdistan Regional Government (KRG) in the process of reforming and establishing a solid economic infrastructure in the Kurdistan Region […]
Darbandikhan Tunnel to Reopen Next Week
The Kurdistan Regional Government allocated 187 million Iraqi dinars [$128,000] to renovate the Darbandikhan tunnel, set to open next week. The tunnel has been closed for two months as the work the tunnel began on October 2, 2022, and it is nearing an end. "The work to renovate Darbandikhan tunnel is coming to an end, […]
Iraq's New PM vows to Clean Up the Country
From The Economist. Iraq's new prime minister vows to clean up the country The puzzle for Iraq's kleptocrats was always how to spirit their stolen billions out of the country. Foreign banks have been wary of accepting large transfers from Baghdad. Taking piles of cash out by land is risky; Kurds closely watch the frontier […]
Basrah Gas Company appoints new Managing Director
By John Lee. Basrah Gas Company (BGC) has appointed Andrew Wiper (pictured) as its new Managing Director. Andrew has more than 20 years of experience in the oil and gas industry, most recently with Shell, and previously with the Shell-associated KPO in Kazakhstan. He holds a bachelor's degree in Electronic Engineering and a master's degree […]
Iraqi Govt Committed to Exchange Rate Stability
By John Lee. The Iraqi government has confirmed its commitment to maintaining the stability of the local market, by supporting the stability of the exchange rate of the dollar against the Iraqi dinar. In a statement, Prime Minister Muhammad Shia Al-Sudani said the government supports the steps of the Central Bank of Iraq (CBI) in […]
Iraqi PM calls for Closer Ties with China
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 PM calls for closer ties with China During the Arab-China Summit in Riyadh, Muhammad Shia al-Sudani expressed Iraq's willingness to join the Belt and Road Initiative and expand ties and […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th December 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD923 (+1.9%) / $784 (+0.7%) (weekly change) (+0.5% and -2.6% YTD change, respectively). The weekly trading volume was […]
Iraq Falls Further in World Press Freedom Index
By John Lee. Iraq has fallen in the World Press Freedom Index for 2022, ranking 172nd out of 180 countries, down nine places on last year. The result puts Iraq behind countries such as Syria and Saudi Arabia, but ahead of Iran and China. First place went to Norway, with North Korea coming last. Reporters […]
Iraqi Start-Up Lezzoo Expands with Purchase of Saydo
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi startup Lezzoo expands with purchase of Saydo The delivery startup is one of several in the autonomous Kurdistan Region, and the autonomous government is hoping to spur more […]
New Study Supports Iraqi Private Sector Development
The Ministry of Planning of the Kurdistan Regional Government of Iraq, in partnership with the United Nations Development Programme (UNDP) and with funding from the United States Agency for International Development (USAID) has launched a study on Micro, Small, and Medium-Enterprises (MSMEs) in Iraq. The study provides an evidence base to inform policies and strategies […]