By John Lee. Asiacell Iraq has benefitted from improvements in the security and economic situation in the country, according to its parent, the Qatari company Ooredoo. In its results for the first nine months of 2018, the company said: "With more areas liberated and network restoration underway, Asiacell reported a 3% increase in Revenue to […]
The Iraq Energy Institute has just published a new report by Robert Tollast, Yesar Al-Maleki and Harry Istepanian on reform of public financial management in Iraq: Iraq’s first draft budget for 2019 shows an overall increase in spending of 23% compared to 2018. Oil revenues still dominate sources of revenue, projected at 89% of government finances. […]
Promoting the alignment of development plans with the Sustainable Development Goals The United Nations Development Program (UNDP), in partnership with the Ministry of Planning in Baghdad and the Ministry of Planning in Kurdistan region, organized two consecutive workshops to review and discuss the alignment of plans and policies with the Sustainable Development Goals (SDGs) and […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th October 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD648 (+2.2%) / $694 (+2.4%) (weekly change) (-20.1% and -17.0% YTD change, respectively). The number of week traded […]
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
Iraq's Oil Ministry has approved a preliminary agreement with Vancouver-based Pacific Future Energy to build a refinery in Nassiriya. Pacific is likely to work on the project in tandem with SNC-Lavalin, a Montreal-based engineering and construction firm that has a partnership with Pacific dating back to 2015, and longstanding ties in Iraq. More details here […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Doctors in the southern Iraqi city of Basra are worried that diseases like cholera and diarrhoea might spread through the city's unuseable water supply. Basra's canals are blocked by piles of rubbish and […]
During a special session in Baghdad, Iraq’s parliament approved candidates nominated by Prime Minister Adil Abd Al-Mahdi for membership of the Iraq’s new Cabinet. Prime Minister Adil Abd Al-Mahdi outlined to parliament the key priorities of the new Iraqi government which include the delivery of good public services, protecting Iraq’s national security and fighting extremism, […]
By John Lee. The Central Bank of Iraq (CBI) has announced that the county has foreign reserves exceding 60 billion dollars. In a statement on Wednesday, the bank said the reserves are "a result of the fiscal and monetary policies adopted by the Central Bank over the past years to stabilize the general financial situation, […]
UNFPA Representative Focuses on Women and Youth in Meetings with Iraqi Officials Dr Oluremi Sogunro, UNFPA Representative to Iraq, held high level meetings with Mr Mohammed Al-Halbousi, Speaker of the House, Dr Mahdi Al-Allak, Secretary-General of the Prime Minister’s office, and Dhiaa Khadum, Head of the Central Statistical Organization, respectively. With Mr Al-Halbousi, Dr Sogunro discussed the cooperation between the Parliament and UNFPA in regards to the […]
Iraq is committed in its efforts to achieve climate security. Mitigation efforts, employing local and international resources, that ensure food and water security are met and are a priority for the government due to them being major effects of climate change. This was stated at the stakeholders consultation on Iraq’s nationally determined contributions to the […]
TGS USA, of McLean, Virginia, USA (Toyota Gibraltar Stockholdings Ltd) has been awarded a $39,543,009 firm-fixed-price Foreign Military Sales (Iraq) contract for Toyota Land Cruisers and spare parts. Bids were solicited via the internet with three received. Work locations and funding will be determined with each order, with an estimated completion date of Oct. 16, […]
