IBBC Zoom Webinar with Professor Frank Gunter
Professor Frank Gunter of Lehigh University in US, and a member of IBBC's advisory council, has updated his celebrated work 'The Political economy of Iraq' after its initial publication 10 years ago. As a constant observer and supporter of Iraq, Frank has a long term and deep insight into the country and is in constant […]
Fitch Rates Iraq's Gulf Commercial Bank 'CCC+'
By John Lee. Fitch Ratings has assigned Gulf Commercial Bank (GCB) a Long-Term Issuer Default Rating (IDR) of 'CCC+'. GCB is a privately-owned bank, headquartered in Baghdad and regulated by the Central Bank of Iraq (CBI). More here. (Source: Fitch Ratings)
EU drops Iraq from List of High-Risk Countries for Money Laundering
By John Lee. The European Union's Ambassador to Iraq has announced that Iraq has been removed from its list of countries deemed to carry a high risk of money laundering. Following a meeting with Prime Minister Mustafa al-Kadhimi in Baghdad on Sunday, Ville Varjola tweeted: "Bringing the good news today to HE Prime Minister Mustafa […]
UN Awards Contract for Housing in Anbar
By John Lee. Nudhum Albenaa for Engineering and Technical Consultancy has won a contract with the United Nations Office for Project Services (UNOPS) for "Design Consultancy Service for the Rehabilitation of selected Housing Units and Critical Services in Anbar". The contract is valued at $648,000. (Source: UNGM)
IranAir to Fly to Najaf
By John Lee. IranAir will reportedly operate two new daily round-trip flights to Najaf International Airport. According to Iran's Financial Tribune, there will be a morning flight from Tehran's Imam Khomeini International Airport, and afternoon flights from Mashhad. More here. (Source: Financial Tribune)
Halbousi Re-Elected as Speaker
By John Lee. The newly-elected Iraqi parliament has re-elected Mohamed al-Halbousi (pictured) as Speaker for a second term. Mr Halbousi received 200 votes, with his opponent, Mahmood al-Mashhadani, getting just 14. According to Al Jazeera, Parliament now has 30 days to elect the country's new President, who will then ask the largest bloc in parliament […]
Shalamcheh-Basra Railway to be Completed "within 2 Years"
By John Lee. Iran's Minister of Roads and Urban Development, Rostam Qasemi, has said the Shalamcheh-Basra railway project, linking Iraq and Iran, will be completed within two years. He added that a joint venture between the Islamic Republic of Iran Railways and Iraqi Republic Railways (IRR) will be set up in two months. The most […]
PM announces new Development Fund for Najaf
By John Lee. The Iraqi government is working to set up a special fund to contribute to the development of Najaf province. Prime Minister Mustafa al-Kadhimi made the announcement following a visit to Najaf on Thursday. He also instructed the Ministries of Construction, Housing, Municipalities and Public Works to find solutions to the problems of […]
New Think-Tank aims for a Better Iraq
A new Iraqi think-tank has been set up with the aim of finding realistic and practical solutions to rebuilding the Iraqi state, enhancing safety and security, a.......nd rooting out corruption and sectarianism. The Iraq Forum for Dialogue says it supports "a strong and just national government stemming from the will of the people, and the […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th January 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD938 (+2.2%) / $823 (+2.2%) (weekly change) (+2.2% and +2.2% YTD change, respectively). The number of week traded […]
Iraqi Govt Formation: What you Need to Know
Al Monitor has published a useful summary of Iraq's recent parliamentary election, and the ongoing process of forming a new government. Click here to read the full article.
Iraq records First Omicron Cases
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. Iraq records first omicron cases Five cases were confirmed in Dohuk province and an unknown number of infections were recorded among foreign diplomats in Baghdad. Click here to read the full […]