By Adam Lucente for Al Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqis face record-breaking heat, electricity cuts Iraqis are contending with record-breaking temperatures and a poorly functioning electricity system as a heat wave sweeps across the country. On Tuesday, the Iraqi capital, […]
By Simon Kent. Iraqis suffered a second summer of 50C temperatures with the barometer climbing to 53C (127F) over the weekend, and the government declaring a national holiday. Iraqis typically describe this weather as akin to being in an oven or having a hair dryer blown against skin on a hot setting. While many Iraqis […]
By John Lee. The Iraqi Government has announced that Thursday 18th July will be a public holiday due to the high temperatures. As a result, the Iraq Stock Exchange (ISX) will be closed. The next session will be held on Sunday (21st July). (Source: Rabee Securities)
With unrest in several Arab cities, many in the region are worried about the risk of contagion. The latest flashpoints are Egypt, Tunisia, Yemen, Jordan and Algeria; but is Iraq vulnerable as well? The people certainly have a lot to complain about. Electricity The heat and increased use of air conditioning put a major strain […]
