Iraq Loses $11bn in 4 Months as Oil Prices Plunge
From Middle East Monitor, under a Creative Commons licence. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq has incurred around $11 billion in losses in four months due to the global drop in oil prices, the State Organisation for Marketing of Oil […]
$33.6m from World Bank for Coronavirus Outbreak
In response to the COVID-19 outbreak in Iraq, the World Bank has recently approved the re-allocation of U$33.6 million under the current Emergency Operation for Development Project (EODP-US$750 million) to support the Ministry of Health's efforts in preventing, detecting, and responding to the COVID-19 pandemic. This fast track emergency response comes in two phases. The […]
Time for a Reset: Iraq's New PM and the US-Iran Rivalry
By Sajad Jiyad, 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. Time for a reset: Iraq's new prime minister and the US-Iran rivalry Iraq needs to reset its relations with both Tehran and Washington in […]
Investment Opportunities in Iraq
By John Lee. Iraq's National Investment Commission (NIC), along with the State Company for Electrical & Electronic Industries (Al-Wazeriyah), has announced new investment opportunities in Iraq: We Announce about the two investment opportunities as below :- Manufacture, assemble the Air condition system Security seals, Measurement ruler. So for the companies which desire to contract visit […]
UNHCR Welcomes Japan's contribution to COVID-19 Responses in Iraq
UNHCR welcomes the Government of Japan's contribution towards COVID-19 responses in Iraq UNHCR welcomes the new contribution of USD 1.5 Million from the Government of Japan towards the response to COVID-19 for internally displaced persons, returnees and refugees in Iraq. The new funding comes at a critical time when many communities, especially the most vulnerable, […]
Powerful Iran-Backed Militia Losing Influence in Iraq
By Shelly Kittleson, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A Powerful Iran-Backed Militia Is Losing Influence in Iraq Five months after its charismatic leader Abu Mahdi al-Muhandis was killed by a U.S. drone strike at the Baghdad airport, […]
IBBC joins World Free Zones (FZO) as Observer Partner
IBBC joins World Free Zones (FZO) as observer partner The Iraq Britain Business Council (IBBC) is delighted to announce a new partnership as observers with FZO, the international association of World Free Zones. World Free Zones Organization (World FZO) is the strongest, most active free-zone organization in the world. IBBC and its members can access […]
Biogs of Iraq's New Cabinet
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Meet Iraq's new Cabinet After months of deadlock and political crisis, and following the failure of two other prime minister-designates, the Iraqi parliament finally approved Mustafa Kadhimi for the premiership - also […]
Iraq Stock Market Jumps 9%
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th May 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD548 (+9.0%) / $569 (-+9.0%) (weekly change) (-16.8% and -18.8% YTD change, respectively). The number of week traded […]
DNO Reports 35% Cut in 2020 Spend, Bolstering Cash Position
DNO ASA, the Norwegian oil and gas operator, has reported that it had identified and implemented 2020 budget cuts of USD 350 million or 35 percent across all spend categories as the Company moved early and quickly to protect its personnel and operations and preserve its cash position in response to the the devastating impact […]
Market Review: "Lockdown Iraq and the Month of Sundays"
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: "Lockdown Iraq & the month of Sundays" Iraq, like other countries, went into full lockdown on March 16th that was only partially lifted […]
US Welcomes New Iraq Govt; Extends Iran Sanctions Waiver
By John Lee. US Secretary of State Mike Pompeo (pictured) has welcomed the formation of a new government in Iraq following months of instability. In a phone call with the new Prime Minister, Mustafa Kadhemi, he said that the US would not enforce sanctions on Iraq buying electricity from Iran for 120 days "as a […]