Iran Attack on Erbil goes beyond Retaliation for IRGC Deaths
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran missile attack on Erbil goes beyond retaliation for IRGC deaths The attack early Sunday could also be related to both the now stalled Iran nuclear talks and Iraqi […]
WFP launches Solar Energy Solution at University of Sulaymaniyah
WFP launches solar energy solution for youth project with University of Sulaymaniyah The United Nations World Food Programme (WFP) has helped provide a new solar power system for the Career Development Centre at the University of Sulaymaniyah. The solar energy provided now effectively meets the electricity gap during power cuts or shortages, enabling seamless support […]
Mashareea Al-Taqa wins another Housing Contract with UN
By John Lee. Mashareea Al-Taqa Company for Contracting and General Trading has won a contract with the United Nations Secretariat for the "construction of 11 core housing units in Baaj district, (Tel Uzair complex), Ninewa Governorate." The contract is valued at $188,710.20. (Source: UNGM)
Why Iraq cannot afford a Stronger Dinar
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why Iraq cannot afford a stronger dinar While Iraq's political elites remain in deadlock over government formation, the value of the Iraqi dinar has reemerged as a source of contention over which to […]
Iraqis Protest Rise in Food Prices, Officials Blame Ukraine War
By John Lee. Protests have erupted in Iraq's impoverished south over a rise in food prices that officials attributed to the conflict in Ukraine. Click here to read the full story. (Source: Asharq Al-Awsat)
Contract for Extension of Primary School in Salahadin
By John Lee. Bab Al Karama for General Contracting Ltd. has won a contract with the United Nations Secretariat for the "provision of renovation and extension of Al Lateef primary school in Al Bohishma, Yathrib sub-district, Balad district, Salah al Din Governorate." The contract is valued at $49,087. (Source: UNGM)
Business Opportunity: Security Company in Iraq
An opportunity has arisen to buy a security company in Iraq. Sama Al-Fiafi for Security Services CC.LL, a subsidiary of Fiafi Group, was incorporated in 2006, and is registered with Iraq's Ministry of Trade (Registration Number: 20-5302). The company is not currently trading, but was granted a Security Operations Licence (#52) by the Ministry of […]
Iraq to Temporarily Suspend Protectionist Measures
By John Lee. Iraq will suspend customs duties on basic commodities such as foodstuffs, construction materials and essential consumables for a period of two months. In response to the increasing prices of various commodities, Iraq will also suspend the import ban on some goods, including foodstuffs, consumables, and medicines. The ban was in place to […]
Mosul Bank selects CR2 to Accelerate Digital Banking
Mosul Bank has selected Irish-based CR2, one of the world's leading software vendors in the digital banking and payments market, to accelerate its digital banking transformation strategy in the Iraqi market. This latest win for CR2 will see Mosul Bank offering a more advanced digital banking service to the Iraqi retail and corporate banking market, […]
Iraq to provide Loans to Import Sprinklers
By John Lee. The Iraqi Cabinet held its regular meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. After discussions, the Cabinet instructed the Ministry of Finance to provide sufficient liquidity to provide loans to farmers to import sprinkler irrigation systems. The systems may be pivot or fixed types, and must be bought […]
Iraq Improves Ranking in Corruption Perceptions Index
By John Lee. Transparency International has said that Iraq's ranking has risen slightly in its global Corruption Perceptions Index (CPI) for 2021. From a total of 180 countries, Iraq came in at number 157; the previous year's position was 160th out of 180 countries. This result puts it on equal ranking with Honduras and Zimbabwe. […]
KRG PM Barzani attends Industrial Forum in Erbil
KRG Prime Minister Masrour Barzani on Sunday attended and supervised the Industrial Forum for Developing Market and Job Opportunities in Erbil. In his remarks to the Forum, Prime Minister Barzani noted that development in the Kurdistan Region was to the benefit of all of Iraq, and asked Iraqi politicians not to create obstacles to the […]