Iraqi Kurdistan struggles to end Violence against Women
By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Shaima was 17 years old and entering her junior year in school in Erbil. Her mother, who was worried about family "honor," often challenged her daughter in heated discussions. Eventually, […]
Iraq Scores Poorly on "Best Countries for Business" Index
By John Lee. Iraq has been ranked in 130th place in the Forbes Best Countries for Business index, out of the 161 countries measured. The index gauges the Best Countries for Business by rating nations on 15 different factors, including property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape and investor […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th December 2018). Note: ISX will be closed during December 26, 2018 - January 1, 2019 due to the end-of-year closing operations. The next session will be held on Jan. 2, 2019. Please click here to download a table of listed companies and their associated […]
TBI first Iraqi Bank to get B- from Fitch
Fitch Ratings has assigned Trade Bank of Iraq (TBI) a Long-Term Issuer Default Rating (IDR) of 'B-' with Stable Outlook. According to Saudi Gazette, this makes TBI the first bank in Iraq to get B- from Fitch. IDRS AND VIABILITY RATING TBI's IDRs are driven by the bank's Viability Rating (VR) and underpinned by potential […]
Official Hails Growing Trend in Iran’s Exports to Iraq
The secretary general of Iran-Iraq joint chamber of commerce highlighted an upward trend in the export of Iranian products to Iraq. In a meeting with Iranian and Iraqi trade delegations, Hamid Hosseini pointed to a growing trend in Iran’s exports to the Arab country, saying its daily value stands at $45 million and sometimes reaches […]
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 […]
A Sovereign Wealth Fund for Iraq
The Al-Bayan Center for Planning and Studies has proposed the creation of sovereign wealth fund in Iraq. Once used by only a few countries around the world, Sovereign Wealth Funds (SWFs) are becoming an increasingly common feature of international finance and state-led economic development. An increasing number of countries, predominantly developing countries, who rely on the export of commodities […]
Sinjar Road Reconnects Yazidis, Kurds with Baghdad
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Sinjar road reconnects estranged Yazidis and Kurds with Baghdad Nadia Murad (pictured), the Nobel prize laureate who has emerged as the universal face of Yazidi persecution by the Islamic […]
Video: Iran Sanctions threaten Iraq's Energy Supply
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. There is a fight over energy in Iraq between the US and Iran. Iraq relies on Iranian gas for nearly half of its energy - gas that is now subject to US sanctions […]
Schlumberger to Drill 40 Wells at Majnoon
By John Lee. US-based Schlumberger has won a deal with Iraq's Basra Oil Company (BOC) to drill 40 new wells at Majnoon oilfield. In a statement on Wednesday, the Ministry of Oil also announced that the BOC had entered into a 19-month contract with the Iraqi Oil Exploration Company to carry out 2D and 3D […]
Iraq to Extend Pensions to Short-Term Employees
By John Lee. The Iraqi government has said it intends to extend pension rights and other benefits to public sector employees on short term and daily contracts. At a cabinet meeting in Baghdad on Tuesday, Prime Minister Adil Abd Al-Mahdi told the Cabinet that the government intends to introduce measures to give public sector employees on […]
Dutch Minister reopens Fallujah Teaching Hospital
Even after the military defeat of ISIS, the Netherlands will continue working to ensure security and stability in Iraq and the wider region. Foreign minister Stef Blok made this point during his trip to Jordan and Iraq. ‘We have to do this to prevent ISIS from regaining strength,’ he said. Since the Netherlands joined the […]