IRR Resumes Transport of Oil Derivatives by Rail
By John Lee. The Iraqi Republic Railway Company (IRR) has reportedly announced that it has resumed transportation of oil derivatives from Central Iraq to the South. Click here to read the full article. (Source: Daiji World)
WFP, World Bank partner on Socio-Economic Research in Iraq
WFP and the World Bank partner on socio-economic research in Iraq The United Nations World Food Programme (WFP) and the World Bank are partnering on gathering key data on the impacts of COVID-19 on households, including people who are displaced, in camps, and those who have returned to their areas, as well as host communities. […]
Martrade Group joins IBBC
Martrade Group is a privately owned shipping, port and terminal operator, and logistics service provider, offering worldwide services. Headquartered in Germany, the Group has also interests in communication services, real estate, land & terminal development projects across the globe. The Group traces its origin to the early 1970s, when the founder and main shareholder commenced […]
GCC Stresses Importance of Electrical Interconnection Program
The Foreign Minister Receives Secretary General of Gulf Cooperation Council of Arab States to Discuss Gulf Investment in Iraq Iraq's Foreign Minister Mr. Fuad Hussein has this week discussed investments in Iraq with the Secretary-General of the Gulf Cooperation Council, Dr. Nayef Al-Hajraf. During the meeting, issues of concern to the Gulf Cooperation Council and […]
Launching Erbil Innovation House
By John Lee. Re:Coded, the non-profit organization providing free coding bootcamps and digital skills training, has announced that is it is re-launching Re:Coded House in Erbil with a new name and management. It has teamed up with the global tech non-profit Field Ready, who will take over the daily operations and re-name the facility Erbil […]
IBBC hosts an Online Council Meeting
The Iraq Britain Business Council (IBBC) hosted members on-line, to discuss their annual council meeting and review its activities. The meeting was due to take place in Dubai, but due to sudden COVID restrictions it took place successfully online. Mr Zaid Elyaseri Vice President of BP Iraq and member of the IBBC Executive Committee, chaired […]
Market Review: "Of Assassinations and Corporate Activities"
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "Of Assassinations and Corporate Activities" A quiet start to the new year would have been welcome after the drama of the currency devaluation […]
Iraq Barters Heavy Fuel Oil with Lebanon
By John Lee. Iraq's Cabinet has agreed to supply 500,000 tons of heavy fuel oil annually to Lebanon. According to a statement from Prime Minister Mustafa Al-Kadhimi, the oil will be paid for in a barter deal, in return for services, medical goods, medicines and consulting services. (Source: Office of the Iraqi Prime Minister)
Innovative Approaches from UNDP Accelerator Lab in Iraq
From UNDP Iraq: Discovering Beyond the Known During 2020: Innovative Approaches from UNDP Accelerator Lab in Iraq The UNDP Accelerator Lab (AccLab) in Iraq has shared 100 local innovations with the world to support the role of local communities innovations in accelerating development. Click here to read the full article.
New Real Estate Development Initiative in Iraq
By John Lee. The first meeting of the Committee in charge of establishing the National Company for Real Estate Development has been held at the headquarters of the National Investment Commission (NIC). The meeting was chaired by Suha Dawood Najar, Head of NIC, who said the new company will be "mixed sector", with 50-percent owned […]
KRG to Increase Electricity Prices
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG raises electricity rate by 20% The Kurdistan Regional Government's (KRG) Ministry of Electricity is increasing the price of national electricity by 20 percent, the spokesperson told Rudaw on Monday. Click here to read […]
Oil Exports Slightly Up for January
By John Lee. Iraq's Ministry of Oil has announced initial oil exports for January of 88,922,697 barrels, giving an average for the month of 2.868 million barrels per day (bpd), up from the 2.846 million bpd exported in December. These exports from the oilfields in central and southern Iraq amounted to approximately 85,870,503 barrels, while […]