Iraqi Central Bank may Stop Financial Dealings with Russia
By Layal Shakir, for Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi central bank suggests halting business, financial dealings with Russia The Central Bank of Iraq (CBI) on Wednesday suggested halting business operations and financial dealings with Russia following America's far-reaching sanctions […]
Iraqi Students Stranded in Ukraine
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 students stranded in Ukraine Iraqi students are stuck in Ukraine and seem unable to flee due to the Russian invasion of that country. Click here to read the […]
Ericsson Shares Slide Further on New Iraq Revelations
By John Lee. Shares in Swedish telecom company Ericsson have again fallen sharply, following further disclosures about the its conduct in Iraq, and concerns that it had not cooperated fully with the US Department of Justice. In a statement on Wednesday, the company said: "On December 6, 2019, Ericsson entered into a Deferred Prosecution Agreement […]
IoT Kids secures Equity Investment from Earthlink
IoT-Kids, an Iraqi-based online programming learning platform for children, has successfully secured five-figure investment from the leading ISP provider in Iraq - Earthlink Telecommunications, through the Iraqi Angel Investors Network (IAIN) member, Dr. Ala'a Jasim [Alaa J Mousa]. This investment included a matching grant of 20,000 dollars from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) […]
Iraq Oil Exports Rise to $8.5bn in February
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for February of 92,790,173 barrels, giving an average for the month of 3.314 million barrels per day (bpd), up from the 3.203 million bpd exported in January. The exports from the oilfields in central and southern Iraq amounted to approximately 91,314,828 barrels, while […]
Pilot Interventions for Livestock Producers in Najaf
FAO implementing pilot interventions for livestock producers in Najaf al Ashraf As part of the efforts to support farmers in Iraq, FAO, in cooperation with the MOA/DOA Najaf al Ashraf Governorate, has started distributing molasses in Um Khashem / Al-Mishkhab District to livestock producers in order to improve livestock nutrition and mitigate high feed costs. […]
The Future of ISIS after the Killing of its Latest Caliph
By Adham Karam 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. The Future of the Islamic State in Iraq and Syria after the Killing of its Latest Caliph Following the killing of ISIS leader Abu Ibrahim […]
JGC happy with Progress at Basra Refinery
By John Lee. Japan's JGC Corporation has said it expects its Iraqi oil refinery project to significantly increase its sales for the fiscal year starting 1st April 2022. Prime Minister Mustafa Al-Kadhimi laid the foundation stone for the new $4-billion Fluid Catalytic Cracking (FCC) complex at Basra Refinery in April 2021. The project will increase […]
Partnership Supports Private Sector Development in Kurdistan
New partnership supports private sector development in Iraq's Kurdistan Region The United Nations Development Programme (UNDP) in Iraq and the Kurdistan Regional Government's Ministry of Planning (MoP) have today signed a new Memorandum of Understanding (MoU) that will boost the private sector by encouraging the growth of micro, small and medium enterprises (MSMEs). The MoU […]
Iraq to host World Cup Soccer Qualifier
By John Lee. The President of the Iraq Football Association (IFA) has confirmed that Iraq's forthcoming World Cup qualifier against the United Arab Emirates (UAE) will take place in Iraq. Adnan Dirjal, who is also Minister of Youth and Sport, said the match will be held at the Al-Madina International Stadium in Baghdad in late […]
Iraq Finalises January Oil Exports
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for January of 99,286,078 barrels, giving an average for the month of 3.203 million barrels per day (bpd), down from the 3.277 million bpd exported in December. The exports from the oilfields in central and southern Iraq amounted to approximately 96,430,596 barrels, while […]
IBBC visit to Iraq
From the Iraq Britain Business Council (IBBC): From 12th to 19th February 2022 Baroness Nicholson accompanied by IBBC Managing Director Christophe Michels visited Baghdad, Erbil and Dohuk. For their meetings they were joined on occasion by IBBC's Member Representative in Iraq, Mr Haider Al Shamaa, and by IBBC Executive Committee Member, Mr Sardar Al Bebany. […]