Iran Electricity Export to Iraq Hits Record
Iranian Energy Minister Reza Ardakanian (pictured) has said the export of electricity to neighboring countries has reached a record high in the past year. Addressing a Sunday session of Tehran’s City Council, Ardakanian said management of the situation over the past two water years has helped the country break the record in three sectors of […]
Fair Competition to Empower Women in the Arab World
By John Lee. Fair competition is needed to economically empower women in the Arab world Female labor force participation levels in Arab countries are the lowest in the world, despite the rising educational attainment of women reaching working age, according to an article from the Middle East Institute. Rabah Arezki, Ferid Belhaj argue that young […]
Amnesty Accuses Iraq of Abusing Activists
By Amnesty International. Iraq: Stop security forces from threatening, forcibly disappearing and abusing activists The Iraqi authorities must immediately end a relentless campaign of intimidation and assault against activists in Baghdad and reveal the whereabouts of others, among them a doctor and a lawyer forcibly disappeared more than 10 days ago, Amnesty International said on […]
EXIM signs MoU with Iraq
By John Lee. The Export-Import Bank of the United States (EXIM) has entered into a memorandum of understanding (MOU) with the Ministry of Finance of the government of Iraq aimed at rebuilding Iraq and enhancing trade and economic cooperation between the two countries. The MOU replaces the previous agreement signed in Kuwait in February 2018 […]
UNOPS, Japan providing Renewable Energy in Iraq
By John Lee. To improve living conditions for returnee populations living in newly liberated areas, UNOPS – with funding from the government of Japan – is helping to provide renewable energy and emergency waste disposal services in three Iraqi governorates. “[This project] comes at a time when Iraq is counting on its friends to recover […]
GardaWorld Weekly Security Report
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th October 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD649 (+0.4%) / $698 (+0.4%) (weekly change) (-1.5% and -1.7% YTD change, respectively). The number of week traded […]
Iraq’s Credit Profile "Constrained"
By John Lee. Iraq's (Caa1 stable) credit challenges include very weak institutions and governance that limit policy effectiveness, constrain the government's capacity to respond to external and domestic shocks and weigh on economic competitiveness, Moody's Investors Service said in a report this week. It says last year's improvement in the fiscal and external balances was […]
US Extends Iran Sanctions Waiver for Iraq Energy Imports
By John Lee. The US has granted Iraq another 120-day waiver from its sanctions on Iran. According to S&P Global, a State Department spokesman said the waiver ensures that Iraq is able to meet its short-term energy needs while it takes steps to reduce its dependence on Iranian energy imports. (Source: S&P Global)
Baghdad Firms win UN Contracts in Ramadi
By John Lee. Two Baghdad-based companies have won contracts in Ramadi (pictured) with the United Nations Office for Project Services (UNOPS): Albir Company for General Contracts Ltd has won a contract worth $322,000 for the replacement and installation of storm water pumps and related accessories in Al Ramadi; Al Raneen Contracting Ltd has won a […]
61 Iraqi Officials Sacked over Protests
The Iraqi cabinet has sacked 61 officials over recent protests that killed more than 100 people and injured thousands earlier this month, Anadolu reports. Leaked documents obtained by Anadolu Agency showed that the decision was taken during a cabinet meeting on Oct. 14. Protests rocked the capital Baghdad and southern provinces earlier this month against […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Country Logistics Officer, Agency for Technical Cooperation and Development (ACTED) Finance and Administrative Officer, ICMP - International Commission on Missing Persons Senior Technical Advisor, International Business and Technical Consultants, Inc. (IBTCI) Programme Specialist (ED & IG), UNDP - United Nations Development Programme Development […]