Careem Iraq testing ride-booking via WhatsApp
By John Lee. Ride-hailing company Careem is reported to be testing a new system that allows people in Iraq to book rides using WhatsApp. According to al-Bawaba, WhatsApp penetration is as high as 80 percent in Iraq, a country with low internet connectivity and a high dependency on cash, so the new scheme simplifies the […]
Netherlands, Iraq sign Double Taxation Agreement
By John Lee. Iraq and the Netherlands have signed a double taxation agreement on Monday. Iraqi Finance Minister Fuad Hussein is quoted as saying that avoiding double taxation will improve the business environment and help to attract foreign businesses and investments to Iraq. (Sources: Iraqi Ministry of Finance, Kurdistan 24)
UN Security Council makes First-ever Visit to Iraq
Five years on from ISIL ‘caliphate’ proclamation in Iraq, Security Council makes first-ever visit The UN Security Council has concluded a first-ever visit to Iraq on Saturday, five years on from the proclamation, by the ISIL terrorist group, of a “caliphate” in the country. The visit, which also took in a trip to Kuwait, saw […]
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 […]
Arrest Warrant for Acting Kirkuk Governor
By Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Kirkuk court issues arrest warrant for acting governor Kirkuk's Integrity Court issued an arrest warrant June 16 for Rakan Saeed al-Jabouri, the acting governor of Kirkuk, on charges of corruption, including wasting 950 million […]
UNICEF Petition: Invest more in Iraqi Children
On the 30th anniversary of the Convention of the Rights of the Child, UNICEF launches an online petition asking decision-makers to invest more in Iraqi children This week, UNICEF Iraq launched its #Pledge4Children petition to kick off its celebration of the 30th anniversary of the United Nations Convention of the Rights of the Child, or […]
Nechirvan Barzani in Baghdad to discuss Oil
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. President Nechirvan Barzani of the Kurdistan Regional Government (KRG) left Erbil for the first time since taking office and headed to the Iraqi capital on June 20 to discuss several outstanding […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th June 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD662 (+0.04%) / $762 (+0.04%) (weekly change) (+0.4% and +0.2% YTD change, respectively). The number of week traded […]
Iraq Fund named "Best Performing Emerging Mkt Hedge Fund"
Hedge fund industry journal Alpha Week is reporting that in the month of May 2019 Northern Gulf Partners’ investment fund Iraq Investment Partners I (IIPI) was the world’s best performing emerging markets hedge fund according to data compiled by the BarclayHedge Global Hedge Fund database. IIPI increased 13.57% net of all fees during the month. […]
Prepaway - ACT Test and Why You Need It for College Admission
Prepaway - ACT Test and Why You Need It for College Admission Introduction Joining college is a dream for everyone who completes high school successfully. However, it is not easy to get an entry into the best colleges and universities. You must pass a standardized test in order to be for you to qualify for […]
Profits Up at Wood Group due to Iraq
By John Lee. Shares in Wood Group closed Wednesday up 6.6 percent after the oilfield services group announced “significant growth” in profits in its pre-close trading update. The Scottish-based company said it has benefitted from increased activity in the Middle East, particularly Iraq. (Source: Wood Group)
Trade Bank of Iraq (TBI) unveils new HQ
By John Lee. The Trade Bank of Iraq (TBI) has officially opened its new headquarters in Baghdad. Located on Al Rasheed Street in the heart of Baghdad, the new headquarters is wholly owned by the bank and is designed to facilitate collaboration, bringing 670 Baghdad-based employees of TBI under one roof for the first time. […]