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% […]
Qatar Supports WFP’s Food Program in Iraq
Qatar Fund For Development Supports WFP’s Food Assistance Program in Iraq The Qatar Fund For Development (QFFD) has made a contribution of US$3 million to the United Nations World Food Programme to provide assistance for displaced people in Iraq. The funding will support more than 22,000 Iraqis living in camps. “The Qatar Fund For Development […]
Safe Drinking Water for 33,000 in Erbil Governorate
Access to safe drinking water is ensured for over 33,000 people in the Governorate of Erbil The United Nations Development Programme (UNDP) and Erbil Governorate completed the rehabilitation of the main water treatment plant in Rawanduz sub-district, which provided safe drinking water to over 33,000 people, including 2,000 internally displaced people (IDPs). With support from […]
Women in Iraqi Refugee Camps Taught to Sew
Vulnerable women living in northern Iraq’s refugee camps are being taught how to sew. Paula Horsfall, from Berkshire, United Kingdom, has collected old sewing machines and transported them to Iraq, where skills the women learn keep them off the dangerous streets of the refugee camp and allow them to make money for their families and […]
Applications Open for Humphrey Fellowship Program
The United States Embassy in Iraq is pleased to announce the annual competition for the Hubert H. Humphrey Fellowship Program. This one-year Fellowship program is offered to young and mid-career professionals who have a proven track record of leadership, a public service commitment, and the capacity to take full advantage of a self-defined program of […]
Fifth Licensing Round: Some Preliminary Considerations
By Alessandro Bacci. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s Fifth Licensing Round: Some Preliminary Considerations After the Auction On the morning and afternoon of April 26, 2018, I participated in a petroleum scholar workshop organized in London by the Association of […]