ILO partners to advance Financial Education among Iraqi Youth
The Ministry of Youth and Sports and the ILO partner to advance financial education among youth in Iraq The International Labour Organization (ILO) and the Ministry of Youth and Sports (MOYS) in Iraq have signed a Memorandum of Understanding (MoU) to strengthen their cooperation in advancing financial education among youth in Iraq. The new partnership […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd September 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD940 (+1.1%) / $822 (+1.1%) (weekly change) (+2.4% and +2.1% YTD change, respectively). The number of week traded […]
Court rules Iraqi National Oil Company (INOC) Unconstitutional
By John Lee. Iraq's Federal Supreme Court has invalidated the Cabinet decision to set up the Iraqi National Oil Company (INOC). According to a statement from the Court, Paragraphs 2 and 3 of Cabinet Decision No. 109 of 2020, and Decision No. 211 of 2021, are in breach of the constitution. The full judgement, in […]
Min. Ali Allawi: The Most Stinging Resignation Letter Ever Written
By Robert F. Worth for The Atlantic. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Most Stinging Resignation Letter Ever Written When Iraq's finance minister stepped down last month, he didn't go quietly. Click here to read the full article.
$24m for Flood Defences in Erbil
KRG allocates 35 billion Dinars to mitigate the impact of flooding in Erbil province Under the direct supervision of Prime Minister Masrour Barzani, the Erbil Flood Conference was launched on Saturday. The Conference will last for two days and is also being attended by various officials of the Kurdistan Regional Government (KRG), as well as […]
New Report on Iraqi Banking and Financial Infrastructure
Iraqi Banking Sector and Financial Infrastructure Overview This report dives deep into the financial sector in Iraq, covering Iraqi banks, government structure and spending, electronic and cashless payments, and recent developments in the Iraqi financial scene, as well as the main issues noted. In terms of banking services and technology, Iraq is getting close to […]
Life in the Margins: Paperless People of Post-Conflict Iraq
Five years after the declared end of the conflict with the Islamic State (IS), Iraq's recovery remains fragile as many communities remain in need of humanitarian assistance. Among those most at risk of exclusion are the one million internally displaced and returnee Iraqis that lack civil documentation, such as core identity documents and birth, marriage […]
Jordan Resumes Import of Iraqi Crude
By John Lee. Iraq has re-started the export of crude oil by road to Jordan. Jordanian Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh (pictured), announced on Monday that loading had commenced at Kirkuk, instead of the previous site at Baiji. The memorandum of understanding (MoU), which was signed on 28th January 2021, has […]
Iraqi Oil Minister pushes Development of Eridu Oil Field
By John Lee. Iraq's Minister of Oil, Ihsan Abdul Jabbar Ismail, has stressed the importance of developing the Eridu (Arido) oilfield in Block 10, which is in the Muthanna and Dhi Qar provinces. This came during a meeting with Lukoil's Vice President for Central Asia, Middle East, and North African affairs, Stepan Gorgi, and his […]
New Report on Iraqi Roads and Railways
Transportation Sector in Iraq: Roads and Railways Transportation and mobility are pathways to urbanization, as addressing mobility challenges are key to accessing healthcare, education, and services, as well as promoting trade and commerce. The road network and the railway system in Iraq have been in existence since the rule of the Ottoman Empire during the […]
Training for Farmers in Erbil
FAO Iraq completed a 3-day training for the Farmer Field Schools Facilitators in Erbil The Food and Agriculture Organization of the United Nations (FAO) in Iraq concluded recently a three-day training of facilitators for the Farmers Field Schools (FFS), and continues the training programme for extension staff from the Ministry of Agriculture in Nineveh. 26 […]
Iraqi Central Bank encourages Lending for Renewable Energy
By John Lee. The Central Bank of Iraq (CBI) has called on licensed banks to facilitate those wishing to obtain loans from the Renewable Energy Initiative. It said that borrowers have a right to choose the lending bank without the need to transfer their salary to that bank. (Source: CBI)