KRG launches new Tendering Process for Medicines
By John Lee. The Kurdistan Regional Government (KRG) has announced a new tendering process for medicines. According to a statement from the KRG, the new system will stabilise the price of 230 different medications. KRG Prime Minister Masrour Barzani commented: "Through transparent contracts, we will provide our citizens with better quality medicine at a lower […]
IBBC appoints General Manager
The Iraq Britain Business Council (IBBC) has announced the appointment of Mr Monjed Salha to the role of General Manager. In this role he will lead the operations of IBBC and take responsibility for IBBC Membership development and Membership Value. IBBC is under going strategic development, to remain continuously relevant to its members and to […]
New Swedish Ambassador to Iraq
Iraq's Minister of Foreign Affairs, Mr Fuad Hussein, has received a copy of the credentials of Ms Jessica Svärdström, Sweden's new ambassador to Iraq. During the meeting, they discussed the bilateral relations between Baghdad and Stockholm, and ways to enhance them to realise the interests of the two friendly peoples. The Minister wished the ambassador […]
FAO reviving Date Palm Value Chain Development
Through EU-funded project in the south, FAO Iraq is reviving the date palm value chain development The Food and Agriculture Organization of the United Nations (FAO) in Iraq held a follow-up technical meeting at the Ministry of Agriculture (MoA) on the development of the date palm value chain in Iraq in Basrah, Missan and Thi-Qar […]
Drugs, Militias form Explosive Mix on Iraq-Iran Border
By Shelly Kittleson for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Drugs, militias form explosive mix on Iraq-Iran border Officers and judges who dare to go up against those controlling the drug trade along Iraq's southeastern border with Iran continue […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th September 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD934 (+0.01%) / $816 (+0.01%) (weekly change) (+1.7% and +1.4% YTD change, respectively). The number of week traded […]
Economic Costs of Iraq's Intra-Shia Power Struggle
By Hannan Hussain, for the Carnegie Endowment for International Peace. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Economic Costs of Iraq's Intra-Shia Power Struggle The economic consequences of political deadlock serve neither the interests of rival political blocs nor the Iraqi public. […]
Iraq Market Review: Markets Discount and Look through Violent Clashes
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Markets Discount and Look through Violent Clashes The market, as measured the Rabee Securities RSISX USD Index, was up 2.1% for the month, and up 1.2% for […]
France in discussions on Baghdad Elevated Train (BET) Project
By John Lee. The Secretary-General of the Council of Ministers, Dr. Hamid Naim Al-Ghazi, met on Wednesday the French Ambassador to Iraq, Mr. Eric Chevalier. Dr. Al-Ghazi stressed the Iraqi government's interest in the Baghdad Elevated Train (BET) project, which he said is of vital and strategic importance. Mr. Chevalier also expressed the French government's […]
"Serious Concerns" for Health of Businessman detained in Iraq
By John Lee. The Australian government has reportedly said it holds "serious concerns" for the welfare of Australian engineer Robert Pether. Pether and his Egyptian colleague Khalid Radwan have been detained since April 2021. They have been sentenced to five years in prison and jointly fined $12 million on charges of fraud. Their families claim […]
Iraq's Top Court Rejects calls to Dissolve Parliament
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. Iraq's top court rejects calls to dissolve parliament Iraq's federal court ruled on Wednesday that it cannot dissolve parliament and only parliament can dissolve itself. Click here to read the full […]
Work Resumes at Shamiya Water Project
By John Lee. Iraq's Ministry of Construction has resumed work at the Shamiya water project in Diwaniyah Governorate, seven years after work was halted. The Director General of the General Directorate of Water, Eng. Najm Al-Hayali, said that the design capacity of the project is 4,000 m3/h, and it is built on an area of […]