The Dutch Disease and Iraq's Foreign Exchange Rate
By Dr. Zeki Fattah, for The Iraqi Economists Network (IEN). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Dutch Disease and Iraq's Foreign Exchange Rate Economists who studied the reasons for the low per capita growth of GDP in developing countries that rely […]
Saudi Arabia to Rehabilitate Ibn Al-Khatib Hospital in Baghdad
By John Lee. The Saudi embassy has announced that King Salman bin Abdulaziz will fund the rehabilitation of Ibn Al-Khatib Hospital in Baghdad, as a gift to the Iraqi people. A fire at the hospital last month killed at least 82 people, and left more than 100 injured. Saudi Arabia will also take critically ill […]
Video: Iraq's PM al-Kadhimi talks to Al Jazeera
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. It has been one year since Iraq's Prime Minister Mustafa al-Kadhimi took office. But the country has been marked in recent decades by conflict, turmoil and instability. So how promising does the country's […]
What Arab Gulf countries can learn from Iran's approach to Iraq
By Nussaibah Younis, for the European Council on Foreign Relations (ECFR). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The gulf between them: What Arab Gulf countries can learn from Iran's approach to Iraq The Gulf Arab states are leagues behind Iran in […]
Campaign to Tackle the Child Labour in Iraq
ILO and partners launch nation-wide campaign to tackle the worst forms of child labour in Iraq The International Labour Organization (ILO) in Iraq and partners launched a nation-wide campaign to tackle the worst forms of child labour in the country. The campaign will target 10,000 children, their families and guardians, teachers, employers, and the media […]
Iraqi Kurdistan "Discards Idea of Democracy"
Iraqi Kurdistan's Authoritarian Turn: Western ally 'Discards idea of Democracy' Writing in the Financial Times, Chloe Cornish says the arrest and conviction of journalists and activists In Iraqi Kurdistan has revived concerns over a government dominated by two clans, the Barzanis and the Talabanis. Click here to read the full article (subscription required)
30 Years Jail for Bank Fraud in Amara
By John Lee. Iraq's Commission of Integrity (COI) has announced that an accountant at the Al-Amara branch of the Agricultural Cooperative Bank has been given a 30-year prison sentence for the embezzlement of 996 million Iraqi dinars ($680,000). Her assets were also seized, and she will be required to repay the amount. A former director […]
Iraq: Powerful Militias Assassinate Protesters with Impunity
By Louisa Loveluck and Mustafa Salim, for the Washington Post. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. In Iraq, powerful militias assassinate protesters with impunity The killings take place in public and are captured on surveillance footage. Those videos are then watched […]
Gulf Keystone announces Special Dividend
Gulf Keystone Petroleum (GKP) has announced that its Board has approved the declaration of a special dividend of $25 million. Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "Given continuing strong oil prices, improving macroeconomic conditions and our robust financial position, we are pleased to deliver on our commitment to consider further shareholder distributions […]
KRG amends Oil Payment Terms; Share Prices Fall
By John Lee. Shares in oil companies operating in Iraqi Kurdistan have been hit by a change in payment terms imposed by the Kurdistan Regional Government (KRG). Genel Energy, Gulf Keystone Petroleum (GKP) and DNO this morning reported to the markets that they have received letters from the KRG proposing an amendment to payment terms […]
UNICEF and UNFPA launch National Youth Vision
UNICEF and UNFPA Launch of National Youth Vision The Ministry of Youth and Sports in the Federal Government launched the 2030 National Youth Vision. The Vision was put in place in collaboration with the Ministry of Culture and Youth in the Kurdistan Regional Government, with technical support from UNFPA and UNICEF, and funding from Sweden, […]
New efforts to Improve Agricultural Methods in Iraq
Iraq's Minister of Agriculture, H.E Muhammad Karim Al-Khafaji, has received the Representative of the Food and Agriculture Organization of the United Nations in Iraq (FAO), Dr. Salah Hajj Hassan, and his accompanying delegation, in the presence of the Ministry's Technical Undersecretary Dr. Mithaq Abdul-Hussein, the Ministry's advisor, Dr. Mahdi Damad Al-Qaisi, and Adviser Raed Haddad […]