Video: Iraqi Political Groups Demand Changes
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. After months of unrest, Iraq's new prime minister, Abdul Latif Rashid, is set to form a new government. But around the capital, small political parties have been gathering to remind the government they […]
Iraq to have Fastest Growing Economy in Middle East, Central Asia
By John Lee. According to the recently-published World Economic Outlook from the International Monetary Fund (IMF), Iraq's economy is forecast to grow by 9.3 percent this year, giving it the fastest real GDP growth of all the Middle East and Central Asia countries. The forecast is slightly down from the 9.5 percent projected in the […]
UAE Retailer to target Iraqi Market
By John Lee. Abu Dhabi-based retail chain Lulu Group is reportedly raising funds to finance an expansion into Iraq. A director told Khaleej Times that the company plans an IPO next year, and will continue to add new outlets and new markets, including Iraq and North Africa. More here. (Source: Khaleej Times)
Business River to distribute Coffee Planet in Iraq
By John Lee. Dubai- based Coffee Planet has announced its new partners in Iraq, Business River. In a statement, the company said: "Being one of the largest importers of FMCG products in the region, Business River will be the exclusive distributors of Coffee Planet in Iraq." Business River is an Iraqi company established in early […]
Iraq Suffers from Lack of Payment Services
By John Lee. A new paper from Kapita and Euphrates Ventures says that Iraq suffers from a lack of many services due to financial payment issues. "A few options are available in the market, yet those services are not up to international standards and are mostly only functional within Iraq," it says. Among the difficulties […]
KRG Cabinet discusses new Mineral Investment Bill
By John Lee. The Kurdistan Regional Government's Council of Ministers has discussed the Kurdistan Region Mineral Investment Bill at its weekly meeting. Prime Minister Barzani stressed the importance of the Bill, describing it as a crucial step towards economic diversification and restructuring of investment in the Kurdistan Region's natural resources in a way that meets […]
Irish Govt approves plans for Iraqi Embassy
By John Lee. The Irish Cabinet has reportedly approved a plan to establish an Iraqi embassy in Dublin. According to a report from The Journal, the Iraqi Government wishes to set up the embassy to develop relations with Ireland and provide consular assistance to Iraqi citizens living in Ireland. The Iraqi Cabinet approved the plan […]
Iraq Pushes Gas Developments to Reduce on Iran
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Pushes Key Gas Developments To Reduce Import Dependence On Iran Iraq is advancing some key associated gas projects at the Gharraf and Nassiriya oil fields. Click here to read […]
Training of Agricultural Staff in Basra
Training of Agriculture extension staff on the implementation of Farmer Field Schools (FFS) In Basra Governorate The Food and Agriculture Organization of The United Nations (FAO) in Iraq launched a 5-day training for agriculture extension staff to facilitate the implementation of "Farmer Field Schools" (FFS) in Basra, ThiQar and Missan Governorates. In total, 25 people […]
Iraq elects New President and Prime Minister
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 lawmakers elect Abdul Latif Rashid as new president The often-deadlocked parliament chose a veteran Kurdish politician, Abdul Latif Rashid (pictured), as President, who in turn designated Muhammad Shia al-Sudani for […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th October 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD932 (-1.5%) / $814 (-1.9%) (weekly change) (+1.5% and +1.2% YTD change, respectively). The weekly trading volume was […]
$878m Arbitration Case against Iraqi Govt Dismissed
By John Lee. The World Bank's International Center for Settlement of Investment Disputes (ICSID) has reportedly dismissed a German investor's claim arising out of the Iraqi Government's alleged takeover of a cement factory in Kirkuk. In the case (ICSID Case No. ARB/20/21), AHG Industry GmbH & Co. KG was said to be claiming $878 million […]