Chevron's Oil Deal with Iraq "is One to Watch"
Writing in Oil Price, Simon Watkins says that, given the negative history of dealing with China over the Nassiriyah project and the fact that Russia is occupied elsewhere in the country and the region, the United States might be in an unusually positive position to take a significant role in either the Nassiriyah field development […]
400+ Migrants from Belarus brought back to Kurdistan
More than 400 stranded migrants from Belarus-Poland border brought back to Kurdistan Region A rescue flight from Belarus is set to land at Erbil after 7:00 pm today, returning more than 400 migrants who had been stranded on the Belarus-Poland border. Over 20,000 people attempting to enter Europe through Belarus have been stuck for over […]
Organizational Development Leadership Training for YPS
Ministry of Youth, UNFPA, FBA Hold Organizational Development Leadership Training for the Youth, Peace, Security Coalition The Folke Bernadotte Academy (FBA) and UNFPA, in collaboration with the Ministry of Youth & Sports, held the first Organizational Development Leadership training for the Iraqi Coalition on Youth, Peace, Security (YPS). During the five-day training, experts on the […]
Iraq Completes $685m Bond Issuance
By John Lee. Iraq has successfully completed the sale of a 1-trillion-dinar (£685-million) construction bond issuance, also know as a "binaa bond". The Ministry of Finance issued the bonds for sale on the local financial market at the start of October, in two categories: IQD500,000 bonds with annual interest of 6 percent for two years; […]
Iraq's Economic Update -- October 2021
From the World Bank: Economic growth is gradually recovering following last year's pandemic-related contraction, partly due to higher non-oil activity. Improved global oil market conditions are expected to reinforce growth in the medium term and turn the fiscal and external balances to surpluses from 2021, and to reverse the recent surge in debt. Latest Developments: […]
SaudiExIm in deal with National Bank of Iraq
By John Lee. The Saudi Export-Import Bank (SaudiExIm) has reportedly signed an agreement with the National Bank of Iraq (NBI) to assist exporters of Saudi-sourced services and products supplying Iraq. According to AsumeTech, the deal is valued at $25 million. More here. (Source: AsumeTech)
Spotify is launched in the Iraqi Market
By John Lee. The audio streaming service Spotify has been launched in Iraq. A statement from the company on Wednesday said that both free and premium services will be available, and that local artists will receive an opportunity to reach new audiences both at home and abroad. It added: "Iraq has exported many recognizable names, […]
Dairy Industry Empowers Women in Nineveh
The Food and Agriculture Organization of the United Nations (FAO) Restores Hope to Rural Women in the Traditional Dairy Processing in Nineveh Governorate As part of its efforts to develop and diversify livelihoods, the Food and Agriculture Organization of the United Nations (FAO) is working to empower rural women and restore hope to returnees through […]
FinTech in Iraq
By Mohammed Koperly (LLB, PstgD, MCIArb), for Al Nesoor Law. One of the most significant worldwide developments during Covid-19 was the increase in consumer engagement in financial markets, many for the first time especially in Iraq. The coronavirus outbreak has acted as a catalyst for a digital revolution facilitated by financial technology (fintech). As Iraq […]
Iraq Expands Border Crossings with Saudi Arabia to Boost Trade
By Salam Zidane 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 expands border crossings with Saudi Arabia to boost trade In the context of strengthening economic relations, Iraq and Saudi Arabia are diversifying their trade outlets, intending to increase […]
[Updated] Jordanian Firm to build Shatrah General Hospital
By John Lee. The Iraqi Ministry of Health has signed the contract for the construction of the Shatrah General Hospital, in Dhi Qar governorate. Acting Minister of Health, Dr. Hani Al-Uqabi, signed the contract with a Jordanian company to build the 200-bed facility, with funding including a loan from the Japan International Cooperation Agency (JICA). […]
Iraq to Repatriate Citizens Stranded at Belarus Border
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 to repatriate citizens stranded at Belarus border The Iraqi announcement came as the European Union said it would step up sanctions on the Belarusian government and some airlines. Click here […]