IBBC, World Bank introduce Free Training for Iraqi SMEs
You are invited to help IBBC and World Bank to introduce Iraqi SME's to FREE business training courses WHEN: 29th June, 6pm to 8pm Iraq time Please share this free business training initiative and the course registration with any SME in your network, however small, and encourage them to sign up. Arabic version for sharing with […]
Siemens Wins 400kV Substation Contract in Iraq
Siemens Energy and the Iraqi Ministry of Electricity have signed a contract for the Al Hamudhia substation, which will provide reliable and efficient power supply to the cities of Ramadi, Fallujah, Saqlawyah, Khalediyah and surrounding areas in Al Anbar governorate, North West of Baghdad. Located about 20 kilometers away from Ramadi city, the turnkey 400- […]
Oil Ministry Finalises Export Figures for May
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for May of 99,585,283 barrels, giving an average for the month of 3.212 million barrels per day (bpd), down from the 3.438 million bpd exported in April. These exports from the oilfields in central and southern Iraq amounted to 96,039,852 barrels, while exports […]
Iraq's Plans to Cut Salaries face Strong Backlash
By Omar al-Jaffal for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's plans to cut salaries face strong backlash The government of Iraqi Prime Minister Mustafa al-Kadhimi is seeking to reopen the "social justice" issue regarding state spending on salaries. […]
Govt to graduate Students based on Half-Term Results
The Iraqi Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister outlined the challenges facing the country in relation to Covid-19 and the Iraqi government's efforts to combat the pandemic and provide support to health institutions and medical […]
Cabinet Ends Double Payments to fmr Detainees at Camp Rafha
Iraq's Council of Ministers (Cabinet) has announced details of its decision taken at its regular weekly meeting on 09/06/2020 in relation to the payment of more than one salary and other benefits to former detainees at Camp Rafha. The decision ends the payment of more than one salary, restricts the payment to heads of household […]
Iraq's Traditional Crafts at Risk of Vanishing
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Some of Iraq's most traditional craft works are at risk of vanishing, as a nationwide financial crisis hits home-grown industries. The government hopes prioritising the development of its private sector will help its […]
Finance Min: Economy could reach Irreversible Lows
Iraq's economy could reach irreversible lows within the next year unless urgent reform measures are adopted, its Finance Minister warned in an exclusive interview with AFP on Monday. More here. (Source: AFP)
Genel Energy appoints new Non-Exec Director
By John Lee. Genel Energy has announced the appointment of Canan Ediboğlu as an Independent Non-Executive Director, with immediate effect. Canan has significant industry, financial, and corporate experience. She has been a non-executive board member of ING Bank in Turkey since 2010, and Tupraş since 2017. Canan was formerly non-executive Board member of Aygaz between […]
Fitch affirms Negative Outlook for TBI
By John Lee. Fitch Ratings has affirmed Trade Bank of Iraq's (TBI) Long-Term Issuer Default Rating (IDR) at 'B-' with Negative Outlook. A full list of rating actions is below. The Negative Outlook mirrors that on the sovereign. This reflects the impact of oil price slump on Iraq's fiscal and external finances, near-term uncertainty over […]
Basra: Iraq's Richest City with Little Water to Drink
By Azhar Al-Ruabie for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Basra, the richest city in Iraq with little water to drink Iraq's third-largest city, Basra, was once called "Venice of the East" due to the numerous water canals and bridges meandering […]
ISO certification awarded to Al-Burhan Security
Al-Burhan Security (ABS) has introduced quality management processes from day one of its operations to prepare for ISO 18788:2015, ISO 9001:2015 accreditations and also ANSI/ASIS PSC1. With a focus on quality management systems and processes the ABS Leadership team continues to work hard to further develop quality and operational procedures to ensure compliance with the […]