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Iraqi Union of Accountants signs Agreement with UK counterpart

On 15th March the Iraqi Union of Accountants and Auditors signed a cooperation agreement with its UK counterpart, the Institute of Chartered Accountants in England and Wales (ICAEW). The signature of this  important agreement for both countries was witnessed by IBBC President and UK PM's Trade Envoy Baroness Nicholson, Iraq's Parliament First Deputy Speaker HE […]

Iraq Relaxes Visa Restrictions

By John Lee. The Iraqi government has launched what it describes as "an exceptional programme" to lift the requirement to obtain entry visas prior to arrival in Iraq. The new scheme will apply to citizens of: Countries that are permanent members of the UN Security Council (USA, UK, France, the Russian Federation and the People's […]

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First Iraqi Bank (FIB) selects ICSFS platform

By John Lee. First Iraqi Bank (FIB), a newly established digital bank in Iraq, has reportedly selected the ICS BANKS digital banking platform from ICS Financial Systems Limited (ICSFS), to start its operations in Baghdad, Iraq. Shaymaa Ali Hussein, Managing Director of First Iraqi Bank said: "The need for a digital bank in Iraq today […]

Iraqi e-Commerce Store gets New Funding

Orisdi, a leading e-commerce store in Iraq, has successfully raised a six-figure bridge round. Iraqi Innovators reports that the round was led by Innovest Middle East VC and a group of angel investors including Amar Shubar, Partner at Management Partners Consulting, and Omar Al-Handal, Managing director of Al Handal International Group. Orsidi was founded in […]

Pakistan's assistance to Iraq to fight COVID-19

By John Lee. On the directive of Pakistan's Prime Minister, Imran Khan, Pakistan is sending three plane-loads of COVID-related relief goods to Iraq. The first plane-load was dispatched on Saturday in presence of the Chairman of the National Disaster Management Authority (NDMA), senior officials of the Ministry of Foreign Affairs and the Ambassador of Iraq […]

In the Wake of Drawdown: Addressing Blindspots in Iraq

By Caroline Rose, for the Newlines Institute. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. In the Wake of Drawdown: Addressing Blindspots in Iraq The Biden administration should draft a country-specific policy for Iraq, where addressing Iranian influence is an objective but not the […]

Italy, UNOPS to provide Services for Returnees in Sinjar

AICS and UNOPS Partner to Rehabilitate the Basic Services for Returnees in Sinjar, Iraq The Italian Cooperation and UNOPS launched a new project to support the Government of Iraq in rehabilitating basic services to returnees in Sinjar. The project will support the Government of Iraq in rehabilitating the basic water services for returnees in Sinjar […]

Lucky Cement starts commercial production at Samawah

By John Lee. Pakistan-based Lucky Cement has announced that it started commercial operations at its new cement production facility in Samawah on Wednesday. In a statement to the Pakistan Stock Market, the company said the new plant [Najmat-Al-Samawah (NAS)] has a capacity of 1.2 million tonnes per annum, and is a joint venture with Al-Shamookh […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 11th March 2021). Note: ISX will be closed on 14th and, 21st of March due to lockdown according to the decision of new Supreme Committee for National Health and Safety. Please click here to view a table of listed companies and their associated […]