By John Lee. On Monday, Prime Minister Mustafa Al-Kadhimi received the Saudi Minister of Commerce, Majid bin Abdullah Al Qasabi, and his accompanying delegation. During the meeting, they discussed the development of bilateral relations between Baghdad and Riyadh, and ways to enhance cooperation in the fields of economy and investment, and to work to enhance […]
By John Lee. The International Monetary Fund (IMF) has published a new report into Iraq's customs and tariff arrangements. This report summarizes key findings and recommendations from a remote technical assistance (TA) assignment performed by a short-term expert (STX), Mr. Djamel Bouhabel, from January 17 to February 4, 2021, to the General Customs Authority of […]
By John Lee. Iraq and Jordan have reportedly signed an agreement to implement the electrical interconnector between the two countries. The Iraqi and Jordanian Ministers of Electricity met to discuss the details of the project on Thursday. (Source: Shafaq, Basnews)
UNICEF Iraq launches the Young People's Advisory Group (YPAG) to enhance dialogue between UNICEF and young people in Iraq UNICEF announced its renewed commitment to support inclusive meaningful systematic participation of young people in Iraq, through the creation of the Young People's Advisory Group (YPAG), with the goal of empowering young people to be civically […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. 4,000-year-old city discovered in Iraq A group of Russian archaeologists made an impressive discovery in Iraq's Dhi Qar governorate, where an ancient settlement about 4,000 years old was […]
By John Lee. Zain Iraq's H1 2021 revenue reached USD 376 million, and EBITDA amounted to USD 145 million, reflecting an EBITDA margin of 39%. Net profit reached USD 24 million for the period. The operator's customer base increased by 7% to reach 16.1 million customers maintaining its market leading position. It should be noted […]
By John Lee. A newly incorporated company called Privy Innovations (PI) is to be the sole representative of UK-based electrical wholesaler Edmundson Export in the Iraqi market (including Iraqi Kurdistan). The new business is headed by Aziz Shwan Ahmed, previously Chief of Staff to Iraq's Deputy Prime Minister, and currently a member of the Advisory […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th July 2021). ISX will be closed starting from Jul. 18 to Jul. 22 due to the religious holiday of Eid Al-Adha. The next trading session will be held on Jul. 25. Please click here to view a table of listed companies and […]
By John Lee. Authorities in Iraq are facing accusations of negligence following the fire at the al-Hussein coronavirus hospital in Nassiriyah on Monday. Estimates of the death toll range from 60 to over 100, with more than 100 people injured. The fire is believed to have started when sparks from faulty wiring caused an oxygen […]
By John Lee. Reuters reports that China's state-owned China National Chemical Engineering Company (CNCEC) is to build a 300,000-bpd oil refinery at the Iraqi port of Fao. (Sources: Reuters, Mehr)
The ninth cabinet of the Kurdistan Regional Government (KRG) started 27 multisectoral projects from March 2020 to June 2021, as it reaches the 2nd anniversary since its foundation. The KRG invested $332 million on housing projects, developed a $250 million wheat marketing project, distributed $2.56 billion worth of business licenses, and completed the MED Steel […]
Enhancing agricultural development will facilitate Iraq's accession to WTO A workshop on "WTO Accession and Agriculture" was organised from 4th to 7th July 2021 in Baghdad. Agricultural development consistent with WTO standards needs enhancement in Iraq for facilitating the negotiations leading to the accession process. The workshop provided a comprehensive overview of the agriculture sector […]
