IBBC contributes to World Bank Iraq Report
IBBC contributes to World Bank launch and assessment on Iraq Economic Monitor Iraq Economic Monitor - Spring 2020 - Navigating the Perfect Storm. The World Bank has released its latest report on Iraq entitled "Navigating the Perfect Storm" with a special focus on "Laying the Foundations for a New Economy in Iraq: Digital Transformation". See […]
Know your Attorney!
Advertising Feature By Racha Haydar, Founding Partner, Rights and Honors. "It's a rough road that leads to the heights of greatness," Lucius Annaeus Seneca. Thriving on challenges, my journey initially started in Lebanon in 2013, with a big dream and a big vision at heart, soon my services extended to challenging business environments across the […]
The Makerspaces Responding To Coronavirus in Iraq
By Fatimah Oleiwi, for Iraqi Innovators. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. People face many situations in life. Some are positive and bring us joy, whilst others carry challenges that make us realise things we did not before. Some situations can […]
Structural Reforms Needed to Manage a Multi-Faceted Crisis
By John Lee. Iraq is facing a combination of acute shocks which the country is ill-prepared to manage, according to a new World Bank report. It says the outlook for Iraq, which was already negative prior to the COVID-19 shock, has markedly worsened since. Click here to download the full report (Source: World Bank)
Iraq Cuts Federal Budget from KRG
By Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq cuts federal budget from KRG, Kurds defy it as political Adel Abdul Mahdi's Iraqi caretaker government in Baghdad April 16 has ordered its Finance Ministry in an official document […]
Coronavirus "to Raise Poverty Rate to over 20%"
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. Coronavirus to raise poverty rate in Iraq to over 20%, warns minister Iraq's poverty rate is expected to rise to more than 20 per cent as […]
KRG nets $4.5bn Oil Revenues for 2019
The KRG's Regional Council of Oil and Gas Affairs has published a report containing verified statistics covering the Kurdistan Region's oil exports, consumption and revenues for 2019. The report, available in Kurdish, English and Arabic, provides a quarterly analysis of oil export information and average prices, together with a consolidated annual overview. The data verification […]
US Treasury Dept Designates Iraqi National
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated dual Iranian and Iraqi national Amir Dianat, a longtime associate of senior officials of Iran's Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). Dianat, who is also known as Ameer Abdulazeez Jaafar Almthaje, is involved in IRGC-QF efforts to generate revenue and smuggle […]
Iran to Redenominate Currency, Dropping Four Zeros
By John Lee. The Iranian parliament, the Majlis, has approved a government bill to redenominate its currency, dropping four zeros. According to Tehran Times, the proposal came from the Central Bank of Iran (CBI), and will result in a new currency, the "toman", which will equal 10,000 rials. Reuters reports that the bill must now […]
Will Oil Price Crash the Iraqi Economy?
By Dr Amer K. Hirmis. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Will crashing oil prices mean the collapse of Iraq's economy? No. Will the Iraqi economy (and people) suffer? Yes, a great deal... Since the crash in Iraqi oil prices from US$61.0 […]
Start-Ups in Iraq in the Post-Corona Age
Investment Horizons for Startups in the Post-Corona Age in Iraq and the MENA Region. Join us for a special online session on Tuesday 5th of May at 10 PM with KAPITA's Fund Manager Ali Al Suhail Sign up for the session in the link below: https://docs.google.com/forms/d/e/1FAIpQLSdZmz3QKLGFpfUSY4TMhcUVQkqDa7394LMqRvXnmrbyvto1pw/viewform (Source: Kapita)
Names in the Running for Cabinet Positions
As Prime Minister-designate Mustafa Kadhimi (pictured) attempts to form a new government, the following names are said to be in the running for cabinet positions, according to Hassan Hadad (@abufellah) on Twitter: