Drivers of Informality in Iraq's Labour Market
New Report Identifies Drivers of Informality in Iraq's Labour Market A new diagnostic report examining the drivers of informality in Iraq's labour market highlights the multiple and wide-ranging factors contributing to informality and the burdens imposed on the formalisation of enterprises and workers in the country. Iraq's private sector, which accounts to roughly 40 per […]
Iraqis having Smaller Families due to Living Costs
From The New Arab. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. How Iraq fell out of love with clans and embraced nuclear families Recent years have seen Iraqis having smaller families due to a spike in living costs. Couples are having fewer […]
KRG PM meets President of the Iraq Britain Business Council
The Prime Minister of the Kurdistan Regional Government (KRG), Masrour Barzani, on Saturday met Baroness Emma Nicholson, President of the Iraq Britain Business Council (IBBC). Prime Minister Barzani highlighted the reforms of the ninth cabinet, its bid to diversify the economy and crucially to make the Kurdistan Region a focal point for business. Baroness Nicholson […]
Germany, IOM Supporting Economic Recovery in Iraq
Germany, IOM Reaffirm Partnership to Support Economic Recovery in Iraq Small and medium enterprises (SMEs), which employ roughly half of Iraq's workers, were severely impacted by the conflict with the Islamic State in Iraq and the Levant (ISIL). When the COVID-19 pandemic struck, the resulting economic slowdown undermined the gradual progress SMEs had made toward […]
Details of Assassination Attempt targeting PM
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 reveals details on assassination attempt targeting PM In its first press conference, the special committee responsible for investigating the drone attack on the house of Iraqi Prime […]
UN Iraq: No Evidence of Election Fraud
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. Head of UN Iraq mission tells Security Council no evidence of election fraud In her briefing to the UN Security Council, Jeanine Hennis-Plasschaert confirmed that there is no […]
Iraq's Economic Outlook has Improved, but Risks Abound
From the World Bank: Iraq: Rising Fiscal Risks, Water Scarcity, and Climate Change Threaten Gradual Recovery from Pandemic Iraq's economic outlook has improved on the back of the recovery of global oil markets, with its GDP projected to grow from 2.6% in 2021 to over 6% in 2022-23. Nevertheless, without accelerated economic reform, unforeseen domestic […]
Facilitating Iraq's WTO Accession Process
Facilitating Iraq's WTO Accession process in collaboration with Iraq's National Committee on WTO Accession. Iraq's National Committee on WTO Accession participated in a technical session organised in Baghdad on 23rd November. The session provided a comprehensive overview of the accession process and highlighted the crucial role of the National Committee on WTO Accession in this […]
Iraqi Entrepreneurship: Panel Discussion with Miswag
From Five One Labs. Re-published with permission by Iraq Business News. A Panel Discussion with Ammar Ameen and Marwan Jabbar from Miswag On October 27th, 2021, Five One Invest hosted a Speaker Series session with Ammar Ameen (Founder and CEO) and Marwan Jabbar (VP of Commercial Development and People) from Miswag. Read on to learn […]
UN Meets Donors to Discuss Development Strategy for Iraq
A high-level meeting between the United Nations and international donors took place in Baghdad to discuss the United Nations' updated development strategy for Iraq. The meeting focused on the 2020-2024 United Nations Sustainable Development Cooperation Framework (UNSDCF), which was signed by the Government of Iraq in September. The UN was represented by the Deputy Special […]
"Robot Waiters" serve customers at New Mosul Restaurant
By John Lee. A team from the University of Mosul has reportedly helped to create a restaurant in Mosul that uses robot waiters. According to AFP, everything at the White Fox restaurant is digital, including the 15 touch-screen tables with built-in menus. More here. (Source: AFP)
Block 10 More Attractive for Lukoil than West Qurna 2
Writing in Oil Price, Simon Watkins points out that the $5.99-per-barrel remuneration that Lukoil will receive under its technical service contract at Block 10 is considerably better than its $1.15/barrel payment at West Qurna 2. Block 10 includes the Eridu field, which has indicated oil reserves of between 7 and 12 billion barrels, and a […]