Building Iraq's Social Protection Floor
Building Iraq's Social Protection Floor: Joint UN paper proposes recommendations to strengthen the adequacy, coverage and equity of the social protection system in Iraq A new working paper has been developed by the United Nations in Iraq, which proposes a set of key recommendations that would contribute to strengthening the adequacy, coverage and equity of […]
Will Oil Dispute with Baghdad shift Dynamics in Kurdistan?
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will oil dispute with Baghdad shift dynamics within Iraqi Kurdistan? In Iraq, the federal government and the authorities in the Kurdistan region are locked in a serious and multipronged dispute over the country's […]
Audio: Iraq's Deepening Political Crisis
From The Middle East Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Ten months on from last October's elections, Iraq still does not have a new government and faces a deepening political crisis. To understand the current situation's perils and what may […]
Iraq Increases Currency and Gold Reserves
By John Lee. The Central Bank of Iraq (CBI) reportedly expects cash reserves to reach $90 billion by the end of this year, up from about $80 billion currently. CBI Deputy Governor, Ammar Khalaf, told the Iraqi News Agency (INA) that the increase is a result of higher oil prices. He added that gold reserves […]
Why Iraq doesn't need another Snap Election
By Hamzeh Hadad, for the European Council on Foreign Relations (ECFR). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Vote to nowhere: Why Iraq doesn't need another snap election Europeans should avoid supporting a snap election simply because a political leader is unsatisfied […]
Arab Monetary Fund forecasts Growth Rate for Iraq
By John Lee. A new report from the Arab Monetary Fund (AMF) forecasts a growth rate for Iraq of 5.5 percent this year, falling to 4.4 percent in 2023. The Seventeenth Edition of the 'Arab Economic Outlook Report' can be downloaded here (Arabic only). (Source: Arab Monetary Fund)
Iraq Confirms July Oil Exports
By John Lee. Iraq's Ministry of Oil has announced finanlised oil exports for July of 102,385,049 barrels, giving an average for the month of 3.303 million barrels per day (bpd), down from the 3.373 million bpd exported in June. The exports from the oilfields in central and southern Iraq amounted to approximately 99,965,094 barrels, while […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th August 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD888 (+1.3%) / $776 (+1.6%) (weekly change) (-3.2% and -3.6% YTD change, respectively). The number of week traded […]
Informal Businesses in Iraq: Critical Lessons
The World Bank's Enterprise Analysis Unit, in collaboration with colleagues from the Social Protection and Jobs team in the Middle East and North Africa (MENA) region, recently published the data from an Informal Sector Enterprise Survey conducted in Iraq, covering four major cities in the country: Baghdad, Basrah, Sulaymaniyah, and Najaf. These surveys are designed […]
Biden's Indifference has given Iran the Upper Hand in Iraq
By David Schenker, 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. Biden's Indifference Has Given Iran the Upper Hand in Iraq In light of Tehran's concerted efforts to reverse last year's electoral setback, it has become […]
Amarinth delivers Pumps to West Qurna-2
By John Lee. UK-based Amarinth has reportedly delivered pumps worth £1.2 million to the West Qurna-2 expansion project. According to World Pumps, the first order was from Italy's Cannon Artes, and was for seven super duplex API 610 OH1 pumps. The second order, from SICIM (also from Italy), was for three super duplex API 610 […]
Sardar Al-Bebany honoured by the Government of Japan
IBBC Executive Committee Member Mr Sardar Al-Bebany is honoured with an award by the Government of Japan On August 21st 2022 Mr Sardar Bebany, Chairman of Sardar Group, was awarded the Certificate of Commendation by the Japanese Ambassador to Iraq. The awarding ceremony took place in Erbil in the presence of senior businessmen, representatives of […]