Iraq's first National Youth Volunteering Platform is Launched
The launch of the National Youth Volunteering Platform (NYVP), a new innovative tool that allows young people in Iraq to be matched to volunteer opportunities, was announced today by the Ministry of Youth and Sports in Federal Iraq, the Ministry of Culture and Youth in Kurdistan Region of Iraq, and UNICEF, in collaboration with United […]
Iraq announces End to US-led Combat Role
By Jared Szuba for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq announces end to US-led combat role with no fanfare The defeat-IS coalition will continue its advisory mission into next year, despite a declared end to a combat role. […]
Unaoil Bribery Conviction Quashed
By John Lee. Ziad Akle, Unaoil's territory manager for Iraq, has had his conviction for bribery quashed by the UK's Court of Appeal today (Friday). He had been sentenced to five years' imprisonment in July 2020 having been found guilty of paying over $500,000 in bribes to secure a $55-million contract to supply offshore mooring […]
Genel Energy to Claim Compensation from KRG
Shares in Genel Energy opened down more than five percent on Friday morning, before recovering some ground, after the company said it will claim compensation from the Kurdistan Regional Government (KRG). It says the claims, which relate to KRG's intention to terminate the Bina Bawi and Miran production sharing contracts (PSCs) are "substantial", and will […]
Germany gives another $22m to Boost Employment in Iraq
Germany Increases Support to Boost Employment Opportunities in Iraq with New EUR 18m Contribution Germany and the United Nations Development Programme (UNDP) have today signed a EUR 18.29 million agreement (US$ 21.78 million) to boost employment and economic opportunities for vulnerable communities in Iraq. The generous contribution is the second provided to the Building Resilience […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th December 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD904 (+3.3%) / $791 (+3.3%) (weekly change) (+24.6% and +19.3% YTD change, respectively). The number of week traded […]
Al-Sadr uses Personal Diplomacy in search of Iraqi Deal
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. Muqtada Sadr uses personal diplomacy in search of Iraqi deal Populist cleric Muqtada al-Sadr is seeking to close the deal among Iraq's Shiite parties. Click here to read the […]
Network of Iraqi Alumni from UK Universities Conference
Network of Iraqi Alumni from UK Universities Conference 2nd Dec 2021, The Station Conference Hall, Baghdad A special occasion was witnessed on the morning of 2nd December, 2021, by the official launch of the Network of Iraqi Alumni from UK Universities, at a conference held in Baghdad in the presence of government and academic figures […]
Deloitte Report on Kurdistan Region Oil and Gas
Deloitte report on Oil and Gas review in the Iraqi Kurdistan Region - Q1 and Q2 of 2021 The KRG has published the reports containing verified statistics covering the Kurdistan Region's oil exports, consumption and revenues for covering period 1 January 2021 to 30 June 2021. During the first half of 2021, the KRG exported […]
Iraq blames Militias for Basra Explosion that Killed Four
By Hassan Ali Ahmed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq blames militias for Basra explosion that killed four The Basra explosion caused by a booby-trapped motorcycle was aimed to assassinate an Iraqi investigative officer in charge of […]
Ummet Al Salam wins $860k Contract in Baghdad
By John Lee. Ummet Al Salam Co. Ltd. for General Trading & Contracting has won a new contract with the United Nations Office for Project Services (UNOPS): Construction of prefabricated units and installation of generators at the Signals School in Baghdad Governorate. Contract worth $860,726. (Source: UNGM)
IMF: Iraq's Non-Oil Real GDP expected to Rebound
The economy is recovering from last year's sharp contraction, helped by higher oil prices and easing of the containment measures. Non-oil real GDP is expected to rebound by 12 percent in 2021 while the fiscal and current account balances are expected to improve significantly. Higher oil revenues present the opportunity to tackle Iraq's significant vulnerabilities, […]