Economic Drivers of Youth Political Discontent in Iraq
Economic Drivers of Youth Political Discontent in Iraq: The Voice of Young People in Kurdistan, Baghdad, Basra and Thi-Qar Exactly one year on from the start of widespread popular protests on the 1st of October 2019, this rapid piece of research aims to respond directly to the tumultuous events of the past year and explores […]
IBBC announces SME Award in memory of Rasmi al Jabri
From the Iraq Britain Business Council (IBBC): IBBC holds dual dinner in London and Baghdad to celebrate the life of Rasmi AL Jabri and establish an award in his name On Thursday, 14th October, IBBC hosted a single reception and dinner in memory of Engineer Rasmi Al Jabri, our late Deputy Chairman and Founding Member […]
New USAID-funded Business Accelerator in Iraq
The United States Agency for International Development (USAID) and Top Mountain have launched a Business Accelerator Project to assist micro, small, medium-sized businesses (MSMEs) in Iraq to provide immediate assistance to help their business recover, develop, and grow. In support of this effort, Top Mountain will distribute USAID-funded grants to 15 Iraqi businesses. These grants […]
New Food Delivery App to enter Iraq
By John Lee. Kuwait-based food and grocery delivery app Talabat has announced the expansion of its services into Iraq. The app, which operates in eight markets throughout the MENA region, will initially launch operations in Erbil in early 2021, before expanding into Federal Iraq in 2021. Founded in Kuwait in 2004, talabat continues to revolutionise […]
Iraq's Central Bank "at Risk of Losing its Independence"
By Farhad Alaaldin, for Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan Region rice farmers harvest bumper crop Finance Minister Ali Allawi said in a press conference following the adoption of the White Paper for Economic Reform by the Council of Ministers […]
Orange launches Proceedings against Iraqi Govt
By John Lee. French telecoms company Orange Group has reportedly launched legal proceedings against the Iraqi government with the International Center for Settlement of Investment Disputes (ICSID), part of the World Bank, for more than $400m that it alleges was expropriated by the country's regulator. The case relates to the company's investment in Korek, the […]
Report warns of Possible Collapse in value of Iraqi Dinar
By John Lee. An Iraqi government white paper has warned of a possible collapse in the value of the Iraqi dinar. According to Farhad Alaaldin, writing for Rudaw, the recently-approved white paper refers on page 37 to the danger of using the Central Bank of Iraq (CBI) as a source of financing, saying that the […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th Oct 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD681 (+2.3%) / $707 (+1.9%) (weekly change) (+3.4% and +0.9% YTD change, respectively). The number of week traded […]
Bumper Rice Crop in Iraqi Kurdistan
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan Region rice farmers harvest bumper crop Rice harvest season has begun in the Kurdistan Region, and farmers in Erbil's Harir sub-district say there's been a boom in production this year. "We're making a […]
Breaking Out of Fragility: Diversification and Growth in Iraq
Breaking Out of Fragility: A Country Economic Memorandum for Diversification and Growth in Iraq Iraq is at a crossroads. Almost two decades after the 2003 war, the country remains caught in a fragility trap, facing increasing political instability, growing social unrest, and a deepening state-citizen divide. Amid a multitude of crises (including an oil price […]
New COVID-19 Isolation Ward opens in Dohuk
Newly-constructed COVID-19 Isolation Ward opens in Dohuk A 20-bed Isolation Ward designed to handle the most severe COVID-19 patients has been officially opened by the Governor of Dohuk in partnership with the United States Agency for International Development (USAID) and the United Nations Development Programme (UNDP) in Iraq. Constructed by UNDP and funded by USAID, […]
Iraqi Cabinet Approves Financial Reforms
By John Lee. The Iraqi Cabinet has approved the White Paper on Financial Reform presented by Deputy Prime Minister and Minister of Finance, Ali Allawi. The document outlines more than 200 reforms aimed at tackling the immediate financial crisis facing Iraq. Click here to download the white paper (Arabic only) Click here to read analysis […]