BOC Boss to Head Iraqi Oil Ministry
By John Lee. Iraq's parliament has approved the appointment of the former head of the Basra Oil Company (BOC) as Minister for Oil. Variously named as Ihsan Ismaeel, Ihsan Abdul Jabbar Ismail, and Ihsan Ismaael, he was one of seven cabinet ministers approved on Saturday, completing Prime Minister Mustafa al-Kadhimi's 22-member government. The other posts […]
Market Review: "Not as Bad as Feared, but Still Pricing It"
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: "Not as Bad as Feared, but Still Pricing It" As May drew to a close the 'worst-case' prognosis for Iraq in the wake […]
Iraq Extends Curfew for another Week
Prime Minister Mustafa Al-Kadhimi chaired a meeting of the Higher Committee for Health and National Safety on Saturday. At the start of the meeting, the Prime Minister paid tribute to Iraq's health teams and security forces and thanked them for their hard work during the Covid-19 health emergency. The Prime Minister called on all Iraqis […]
Denmark helps Combat COVID-19 Pandemic in Iraq
The Government of Denmark has committed DKK 6,000,000 (approximately US$870,000) to support the Government of Iraq's response to the global COVID-19 pandemic, in partnership with the United Nations Development Programme (UNDP) in Iraq. The funds have been pledged under UNDP Iraq's overall COVID-19 response package which is administered under the Funding Facility for Stabilization (FFS) […]
Facebook Closes Accounts Linked to PUK
By Adam Lucente for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Facebook closes accounts linked to Kurdish intelligence in Iraq Facebook closed several accounts and pages linked to Kurdish intelligence in Iraq last month. The pages were used by the Patriotic Union of Kurdistan […]
Tabaqchali: Making Space for the Private Sector
The Iraq Energy Institute (IEI) has published an interview with Dr Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund; it is re-published with permission by Iraq Business News: In the latest instalment in our series on sustainable job creation in Iraq, we spoke to Ahmed Tabaqchali, visiting fellow at the American University of […]
Turkey to Reopen Border Crossings with Iran, Iraq
By Al-Monitor staff. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq returns to lockdown after surge in coronavirus cases By opening two border crossings with Iran and Iraq, Turkey is seeking to boost the economy, and many businesses resume operations in the country […]
Iraq Signs 2-Year Electricity Import Deal with Iran
Iran signed an agreement on exports of electricity to neighboring Iraq, covering 2020 and 2021. The two sides signed the agreement during a visit to Baghdad by Iran's Minister of Energy Reza Ardakanian, stressing their determination to broaden cooperation in the energy sector, despite American pressure on the Iraqi government to reduce economic ties with […]
Japan Prioritizes Iraq's Recovery from COVID-19
Japan prioritizes Iraq's health and recovery from COVID-19 in new contribution The Government of Japan has committed US$2.26 million to support the Government of Iraq's response to the COVID-19 pandemic, in partnership with the United Nations Development Programme (UNDP) in Iraq. The funds will be used to purchase critical medical equipment such as ventilators, as […]
Iraqi to Rationalise Public Spending, Introduce Economic Reforms
The Iraqi government says Iraq faces an immediate challenge caused by the decline in oil prices and the impact this has had on the economy and fiscal liquidity. Officials say that the impact of the fall in oil prices is compounded by other weaknesses caused by decades old policies of a command economy, and by […]
IBBC holds Women's Group discussion
On Monday, 1st June the Iraq Britain Business Council (IBBC) held a well attended Women's Group discussion entitled 'Women in Business: Current Challenges and Future Perspectives' with Ms Samar Thamer Al Mafraji, Managing Director, AMS Iraq chairing the session. Speakers included: Ms Caroline McGarr, Managing Director, Thinkbank; Mrs Faten Issa Alsarraf, Managing Director, Final Fix […]
Iranian Minister in Iraq for Talks on Energy Cooperation
Iran's Minister of Energy Reza Ardekanian has paid a visit to Iraq for talks on energy cooperation. During his trip to Baghdad, Ardekanian will hold talks with his new Iraqi counterpart and the other senior officials of the Arab country to weigh plans for the promotion of cooperation in the electricity industry. The Iranian and […]