Site Selected for New Iraqi Sports City
By John Lee. The Iraqi cabinet has selected a site in Bismaya to build the new Sports City, which was gifted by King Salman bin Abdulaziz Al Saud in 2019. Iraq's Ministry of Youth and Sports will supervise the Sports City project in coordination with the Saudi side through the Iraqi-Saudi Coordination Council, which was […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th Oct 2021). Note: ISX will be closed on Monday (Oct. 18) due to the religious holiday of the Prophet's Birthday. The next trading session will be held on Tuesday. Please click here to view a table of listed companies and their associated […]
Sunni 'Awakening' a Big Story from Iraq's Elections
By Andrew Parasiliti, Elizabeth Hagedorn and Joe Snell for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Sunni 'awakening' is a big story from Iraq's elections Thirteen years after the United States deposed Iraqi dictator Saddam Hussein, an Arab Sunni, Iraq's […]
Sadr, Independents Win under Iraq's New Election Law
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. Sadr and independents biggest winners under Iraq's new election law The new election law was beneficial for large political blocs and independents, but it also harmed a number of […]
Video: Iraqi Opposition Rejects Election Results
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Opposition in southern Iraq rejects election results The Shia Muslim cleric Moqtada al-Sadr has claimed victory in Iraq's election, but some of the main political parties have rejected the results. Al Jazeera's Mahmoud […]
Iraq's next Parliament will include Record Number of Women
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's next Parliament will include Record Number of Women As the results from Iraq's Oct. 10 parliamentary elections trickle in, it is becoming clear that women candidates have excelled. The next 329-member Iraqi […]
Discontinued Iranian Car Selling Well in Iraq
By John Lee. Iranian car maker Saipa has reportedly said that its discontinued 'Pride' model is still selling well in Iraq. An official at the company said that, at $6,800, the Kia-based car is the cheapest in Iraq, and it has already sold 160,000 units in Iraq this year. According to Press TV, the car […]
Iraq Elections: Sadrists Gain at expense of Pro-Iran Fatah Alliance
By John Lee. Some key points from Sunday's parliamentary elections in Iraq: Preliminary results show the political party of Shi'ite cleric Moqtada al-Sadr winning the largest share of the vote, giving it an estimated 73 seats in the 329-member parliament, up from 54 seats in 2018; The Sadrist Movement promises a nationalist government, free from […]
Iraq "seeks to attach strings to Arms Purchases from Turkey"
By Fehim Tastekin for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq seeks to attach strings to arms purchases from Turkey Talks on the sale of Turkish armed drones and combat helicopters to Iraq have hit snags amid Iraqi efforts to extract […]
Preliminary Results of Iraqi Election (Arabic)
By John Lee. Iraq's Independent High Electoral Commission (IHEC) has just announced the preliminary results of yesterday's parliamentary election (see below). Turnout was reported to be low, at about 41 percent, compared to more than 44 percent in the last election.
Iraq Market Review: "A Ho Hum Month"
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The market, as measured by the Rabee Securities RSISX USD Index, ended an unremarkable month down 3.3%, but up 22.7% for the year. The last 30 days […]
Norwegian-led Consortium to build Solar Plant in Karbala
By John Lee. Iraq signed an agreement to build a 525-MW solar power plant in Karbala. The project will be built by a consortium of companies led by the Norwegian Scatec, whose main shareholder is Equinor (formerly Statoil). Also involved are Egypt's Orascom and Iraq's Al-Bilal. The signing comes after recent announcements of renewable energy […]