By John Lee. The Iraqi Ministry of Communications, under the direct supervision of Minister Dr. Hayam Al-Yasiri, announced the signing of a contract for the deployment of the 2Africa Pearls undersea cable. The agreement, signed with Gulf Submarine Cables Company owned by Saudi Arabia's STC, aims to route internet capacities from around the world through […]
By Renwar Najm for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Politics of Real Estate in the Kurdish Region of Iraq With ruling parties, companies, and mainstream media aligned against them, activists and environmentalists face […]
By John Lee. Iraq has been named as the world's third biggest flarer of gas in 2023. According to the World Bank's Global Gas Flaring Tracker, the worst offender was Russia, followed by Iran, with Iraq in third place. The USA was in fourth place, followed by Venezuela and Algeria. The full report can be […]
By John Lee. To meet the requirements of the strategic Common Seawater Supply Project (CSSP), the Ministerial Council for Energy has approved recommendation (24054 T) for 2024, as follows: Exemption of the CSSP and its consultancy tender with the Austrian firm ILF Consulting from the contracting methods stipulated in the Government Contracting Execution Instructions (2 […]
From Human Rights Watch (HRW). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq: Employment Rights for People with Disabilities Iraqi authorities in Baghdad and Erbil have arbitrarily detained and deported Syrians to Damascus and to parts of northeast Syria under the control of Kurdish-led forces, […]
By Winthrop Rodgers for The Middle East Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. No real alternative: The failure of opposition parties in Iraq's Kurdistan Region Politics in Iraq's Kurdistan Region is centered on the ruling duopoly of the Kurdistan Democratic Party […]
By John Lee. On a recent webinar organised by the Iraq Britain Business Council (IBBC), Professor Frank Gunter of Lehigh University explained the causes and effects of Iraq's dual exchange rate. The three reasons why Iraq has two exchange rates are: Excessive Demand for US Dollars Internationally: There is a high demand for US dollars […]
By John Lee. On a recent webinar organised by the Iraq Britain Business Council (IBBC), Professor Frank Gunter of Lehigh University outlined the key changes in the dinar exchange rate over the years, as well as the consequences of having two exchange rates. (For more on the reasons why Iraq has two exchange rates, click […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for May, but has again not disclosed the value of oil exports for the month. This follows an increasing trend of delayed or missing oil export data from the Ministry. While the statement references the Ministry's "belief in informing the people about […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 27th June 2024). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,769.1 -1.6% 13.8% RSISX USD Index […]
From the UN Development Programme (UNDP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Marking a milestone in boosting foreign investments: Iraq signs the Singapore Convention In a landmark move to attract foreign investors to Iraq, the country celebrated its signing of the United […]
By John Lee. KRG Prime Minister Masrour Barzani has officially opened the Chamrga Dam in Erbil. The dam is 17.5 metres high, 262 metres long, and 8 metres wide. Full statement from the Kurdistan Regional Government (KRG): On Tuesday, 25 June 2024, Masrour Barzani, Prime Minister of the Kurdistan Regional Government (KRG), launched the Chamrga […]
