By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The market, as measured by the Rabee Securities RSISX USD Index, was up 2.4%, and 25.7% for the year. While 10 months do not make a year, […]
By John Lee. The UK-based Humanitarian Academy for Development (HAD), a business unit of Islamic Relief Worldwide (IRW), has won two contracts with the United Nations Office for Project Services (UNOPS) in Iraq: Lot 1: Residential certified Project Management Course, delivered to Directorate for Mine Action (DMA) in Baghdad. Contract value $21,738; Lot 2: Residential certified […]
By John Lee. Nineveh Criminal Court has sentenced the former director of Real Estate Registration and his assistants to ten years in prison for fraud relating to property belonging to Mosul Municipality Department. The court issued a sentence of temporary imprisonment for ten years in accordance with article (289) of Penal Code No.(111) of 1969 […]
By John Lee. Iraqi Prime Minister Mustafa al-Kadhimi escaped uninjured in an assassination attempt at his home in Baghdad's Green Zone on Sunday. A drone carrying explosives was used to carry out the attack, which has been condemned by Iraqi politicians and world leaders. Al-Kadhimi was previously Iraq's head of intelligence before becoming prime minister […]
IFC, National Bank of Iraq Partner to Boost Access to Finance for SMEs, Create Jobs To support the growth of smaller businesses in Iraq and help them create jobs and overcome challenges, including from COVID-19-related disruptions, the International Finance Corporation (IFC) has announced an investment for the National Bank of Iraq (NBI). IFC's $10 million […]
By John Lee. Iraq has officially ratified the Paris Agreement on Climate Change. The Agreement will enter into force for Iraq on 1st December 2021. The Paris Agreement is an international treaty on climate change, adopted in 2015. It aims to keep the rise in mean global temperature to well below 2 degrees Celcius above […]
By John Lee. More than two dozen people are reported to have been injured on Friday in clashes in Baghdad between Iraqi security forces and people disputing the results of October's general election. Police used tear gas to disperse protesters rejecting the results of the election. Prime Minister Mustafa Al-Kadhimi has ordered an investigation into […]
Empowering Women in Iraq for the Future of Work through Digital Reskilling A programme empowering women in Iraq for the future of work through digital reskilling is being conducted with the financial support of Japan's Hiroshima prefecture Government. The online training programme will be run for 6 weeks which will include self-paced online courses, webinars, […]
By John Lee. Two more companies have won contracts with the United Nations in Iraq: SAGMAN Company for Construction and Contracting Ltd: Construction of low-cost housing units in Dkory, Sinjar, Ninewa Governorate; Contract value $311,168; Sar Albraa for General Contract and Trade Ltd.: Renovation and Extension of the Existing Internal Road at UNAMI Field Support […]
Following a successful investigation and conviction of four individuals for corruption at Unaoil, the UK's Serious Fraud Office (SFO) has recovered criminal gains of almost £100,000 from a former senior executive. The full amount must now be paid into the public purse within 28 days. Earlier this year, the SFO was praised by HM Crown […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th Nov 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD964 (+2.1%) / $845 (+2.1%) (weekly change) (+32.9% and +27.5% YTD change, respectively). The number of week traded […]
The Republic of Korea supports vulnerable families in Iraq to put food on the table The United Nations World Food Programme (WFP) has received a US$1 million contribution from the Republic of Korea to support WFP's food assistance for up to 327,000 internally displaced people (IDPs) and Syrian refugees until the end of the year, […]
