By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi protesters set sights on local governors Protesters in central and southern Iraq are demanding the sacking of governors and local government administrators. The protests have spread to Kirkuk, where demonstrators called for removing […]
You are invited to help IBBC and World Bank to introduce Iraqi SME's to FREE business training courses WHEN: 29th June, 6pm to 8pm Iraq time Please share this free business training initiative and the course registration with any SME in your network, however small, and encourage them to sign up. Arabic version for sharing with […]
Siemens Energy and the Iraqi Ministry of Electricity have signed a contract for the Al Hamudhia substation, which will provide reliable and efficient power supply to the cities of Ramadi, Fallujah, Saqlawyah, Khalediyah and surrounding areas in Al Anbar governorate, North West of Baghdad. Located about 20 kilometers away from Ramadi city, the turnkey 400- […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for May of 99,585,283 barrels, giving an average for the month of 3.212 million barrels per day (bpd), down from the 3.438 million bpd exported in April. These exports from the oilfields in central and southern Iraq amounted to 96,039,852 barrels, while exports […]
By Omar al-Jaffal for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's plans to cut salaries face strong backlash The government of Iraqi Prime Minister Mustafa al-Kadhimi is seeking to reopen the "social justice" issue regarding state spending on salaries. […]
The Iraqi Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister outlined the challenges facing the country in relation to Covid-19 and the Iraqi government's efforts to combat the pandemic and provide support to health institutions and medical […]
Iraq's Council of Ministers (Cabinet) has announced details of its decision taken at its regular weekly meeting on 09/06/2020 in relation to the payment of more than one salary and other benefits to former detainees at Camp Rafha. The decision ends the payment of more than one salary, restricts the payment to heads of household […]
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Some of Iraq's most traditional craft works are at risk of vanishing, as a nationwide financial crisis hits home-grown industries. The government hopes prioritising the development of its private sector will help its […]
Iraq's economy could reach irreversible lows within the next year unless urgent reform measures are adopted, its Finance Minister warned in an exclusive interview with AFP on Monday. More here. (Source: AFP)
By John Lee. Genel Energy has announced the appointment of Canan Ediboğlu as an Independent Non-Executive Director, with immediate effect. Canan has significant industry, financial, and corporate experience. She has been a non-executive board member of ING Bank in Turkey since 2010, and Tupraş since 2017. Canan was formerly non-executive Board member of Aygaz between […]
By John Lee. Fitch Ratings has affirmed Trade Bank of Iraq's (TBI) Long-Term Issuer Default Rating (IDR) at 'B-' with Negative Outlook. A full list of rating actions is below. The Negative Outlook mirrors that on the sovereign. This reflects the impact of oil price slump on Iraq's fiscal and external finances, near-term uncertainty over […]
By Azhar Al-Ruabie for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Basra, the richest city in Iraq with little water to drink Iraq's third-largest city, Basra, was once called "Venice of the East" due to the numerous water canals and bridges meandering […]
