New Ambassadors to Iraq
By John Lee. Iraq's Foreign Minister, Fuad Hussein, has this week received the credentials of two new ambassadors to Baghdad: the German Ambassador to Baghdad, Mr Martin Jaeger (pictured); the Polish Ambassador to Baghdad, Mr Marcin Kubiak. (Source: MoFA)
Water Accounting and Productivity Assessment Training
Water Accounting and Water Productivity Assessment Training workshop FAO-Iraq conducted a two-day training workshop in Erbil on Water Accounting and Water Productivity assessment within the implementation of an FAO project aiming at agricultural Water Resource Management Improvement, Water accounting with a baseline water productivity assessment" to demonstrate the value of water accounting (WA) and water […]
Endemic Corruption "could Crush INOC"
Writing about the new Iraqi National Oil Company (INOC) in Oil Price, Simon Watkins argues that the greater the concentration of power over oil and money in one place, the more monumental the scale of corruption becomes. Click here to read the full story.
FAO supports Corn Silage Production in Kirkuk
Within the framework of the EU funded project Support to livelihoods of rural and peri-urban returnees and communities in Ninewa Governorate, Iraq, a high-level meeting on processing and marketing of corn silage to support the production of fodder crops in Iraq was held in Kirkuk Agriculture Directorate. The meeting was attended by Mrs. Ahlam Fakhreddin, […]
Elryan partners with Carrefour for Online Grocery Shopping in Iraq
By John Lee. Iraqi e-commerce platform Elryan.com has significantly expanded its product offering to include grocery items with the launch of its partnership with major international retailer, Carrefour. In a statement, Elryan says the partnership brings a new level of choice, convenience, and service to Elryan's more than 100,000 active customers. Products will be delivered […]
Economic Recovery "Slow" for SMEs in Iraq
Economic recovery is slow for SMEs in Iraq during the second year of COVID-19 To measure the impact of COVID-19 on small- and medium-sized enterprises (SMEs) in Iraq, the International Organization for Migration (IOM), the Food and Agriculture Organization (FAO), and the International Trade Center (ITC) conducted a panel study of 716 SMEs, covering June […]
Iraq's Govt Interventions Prompt Improvement in Forex Reserves
By Olivia Bridge. Despite recent tumultuous times and a weakening economy in Iraq, government is said to be implementing reforms that are aimed at reviving its ailing currency. Forex trading in Iraq While forex trading in Iraq is still a relatively new concept, it is gradually being embraced by nationals. Reports on the matter suggest […]
$890m for Reconstruction in Dhi Qar
By John Lee. Iraq has approved a reconstruction programme in Dhi Qar governorate valued 1.3 trillion Iraqi dinars ($890 million). Prime Minister Mustafa Al-Kadhimi said that electricity supply would be given priority, adding that 20 cities in the province will also be expanded. Included in the more than 100 projects is the Al-Islah-Jbayish water project, […]
"Approval Required" for Majority Foreign Ownership of Iraqi Companies
By John Lee. According to information from Rabee Securities, the approval of the Iraqi Securities Commission (ISC) will be required in every case where foreign ownership of a company exceeds 49 percent. The brokerage house says the ISC informed the Board of Governors of the Iraq Stock Exchange (ISX) of the change on Wednesday 6th […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th October 2021). Note: ISX will be closed on Oct. 10 and Oct. 11 due to the Iraqi Parliamentary Elections. The next trading session will be held on Tuesday (Oct. 12). Please click here to view a table of listed companies and their […]
Elections Without Democracy in Iraq?
By Bilal Wahab and Calvin Wilder, 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. Elections Without Democracy in Iraq? When Iraqis head to the polls for an early election on October 10, they will have the […]
INOC to be Partner in TotalEnergies Basra Projects
By John Lee. The Iraqi cabinet has approved a plan for the newly-formed Iraqi National Oil Company (INOC) to be a financial partner with TotalEnergies in its projects in Basra. It said it will support INOC to "maximize revenues and financial returns to the general budget." In September, TotalEnergies signed a number of major agreements […]