Preparations in Place for Iraqi Parliamentary Elections
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqis are heading out to the polls this week, and the Independent High Electoral Commission (IHEC) said it is making sure everyone who is eligible to vote will have […]
Coalition Strikes Hit ISIS Terrorists in Syria, Iraq
Combined Joint Task Force Operation Inherent Resolve and its partners continued to strike Islamic State of Iraq and Syria targets in designated parts of Syria and Iraq between May 4-10, conducting 53 strikes consisting of 63 engagements, Combined task force officials reported on Friday. Strikes in Syria On May 10, coalition military forces conducted four […]
Zain Iraq posts Strong Growth in Q1
By John Lee. Revenues at Zain Iraq reached $275 million in the first quarter of 2018, a 9-percent increase year-on-year. EBITDA reached $96 million, up 12 percent, reflecting an EBITDA margin of 35 percent. The operation reported a net profit of $8 million, substantially up on the $283,000 profit recorded for Q1, 2017. The expansion […]
Launch of Price Monitoring Dashboard
Iraq: Launch of Price Monitoring Dashboard Enhances Analytical Capacity of Partners As the situation in Iraq develops, the importance of cash as a means of aid delivery remains central. Increasingly, humanitarian actors find themselves in need of accurate price data to better inform their programs and policies. In September 2016, the Joint Price Monitoring Initiative […]
Moscow’s Iraq Strategy: Make Lots of Friends
By Ruslan Mamedov for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Moscow’s interest in the Middle East and the growing Russian presence in the region go beyond Russian involvement in the Syrian civil war. For several years Russia has been building partnerships […]
3 New Investment Opportunities in Iraq
By John Lee. The National Investment Commission (NIC) has announced three new investment opportunities in Iraq: Glass Bottles and Jars Factory Dextrin and Starch Production Textile and Leather Production (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
Iraq needs to Import 2m Tonnes of Wheat
By John Lee. Despite this year’s drought, Iraq has reportedly bought more than 300,000 tonnes of domestic wheat this season, and maintained its estimate of 2.5 million tonnes of local purchases for the 2018 season. According to Reuters, this implies an import gap of 2 million tonnes, as the country uses between 4.5 million and […]
Video: Corruption Watchdog says $320bn Stolen
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The parliamentary transparency commission in Iraq says $320 billion has gone missing in the past 15 years, because of government c. It's one of many big issues weighing on the minds of Iraqis […]
BP signs Contract to Develop Kirkuk Oil
By John Lee. The Ministry of Oil has announced that BP has signed a contract to develop the Kirkuk oil fields. According to Reuters, the deal with the North Oil Company (NOC) will see BP will boost output capacity from the six fields in the Kirkuk region to more than 1 million barrels of oil […]
Startup Bootcamp: ‘Entrepreneurship for All’ Programme
Startup Bootcamp, an entrepreneurship training to promote development of innovative business ideas among young innovators, entrepreneurs and software developers from displaced, refugee and host communities, took place on 4-5 May in Erbil, Kurdistan Region of Iraq. The event was supported by IOM Iraq, and organized by Five One Labs, a start-up incubator based in Iraq that assists displaced […]
Video: AMAR'S Clinic for IDPs in Najaf
From the AMAR International Charitable Foundation. Baroness Nicholson visits Najaf to mark the continuing success of AMAR's busy public health clinic: Please click here to help AMAR in their valuable work in Iraq.
Market Review: Market Consolidates & Banks Correct
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. The market’s consolidation continued for the second month running with both turnover and the market continuing to decline. Average daily turnover declined by about -57% […]