Tag Archives | mn

Drought: Iraq reduces Irrigated Land by 50%

By John Lee. Iraq's Minister of Agriculture, Muhammad Al-Khafaji, has chaired a coordination meeting to approve the country's winter agricultural plan, along with the Minister of Water Resources, Mahdi Al-Hamdani. Due to the continuing shortage of water, the plan reduces the area allocated for irrigation by 50 percent compared with last season, with the exception […]

IOM highlights evolving Economic Needs in Iraq

IOM assessments highlight evolving economic needs under unprecedented impacts of COVID-19 in Iraq Necessary measures to contain the spread of COVID-19 combined with volatile oil prices and a decrease in the value of the Iraqi dinar brought an end to two years of sustained economic growth in Iraq, heavily impacting individuals and communities affected by […]

Additional US Funding for Cultural Renovations in Erbil

By John Lee. The Deputy Assistant Secretary at the US Embassy in Baghdad, Jennifer Gavito, and Consul General Robert Palladino joined Erbil's Governor, Umed Khoshnaw, to announce additional U.S. funding for further renovations of the Hamam, and to create a children's center at the Erbil Citadel. U.S. funding to the Erbil Citadel now totals $1.5 […]

Iraq tries to persuade Lukoil to stay at West Qurna

By John Lee. Oil Minister Ihsan Abdul Jabbar has reportedly told reporters that Iraq hopes LUKoil will keep its stake in the West Qurna-2 oil field. Russian news agency TASS quotes the Minister as saying that Iraq is "negotiating improvement of conditions" for the project. In  July, Lukoil Chief Executive Vagit Alekperov was quoted as saying […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th Oct 2021). Note: ISX will be closed on Monday (Oct. 18) due to the religious holiday of the Prophet's Birthday. The next trading session will be held on Tuesday. Please click here to view a table of listed companies and their associated […]

Iraq Market Review: "A Ho Hum Month"

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, ended an unremarkable month down 3.3%, but up 22.7% for the year. The last 30 days […]

UniHouse to run Talented Iraqi Program for Eni

By John Lee. Italian energy company Eni S.p.A has signed an agreement with UniHouse to execute the Talented Iraqi Program. Under the scheme, high-caliber, talented Iraqi students will be placed in the UK to study for Bachelor of Medicine degrees. UniHouse will provide a full range of services, including preparation, exams, orientation, and in-country academic […]

New Ambassadors to Iraq

By John Lee. Iraq's Foreign Minister, Fuad Hussein, has this week received the credentials of two new ambassadors to Baghdad: the German Ambassador to Baghdad, Mr Martin Jaeger (pictured); the Polish Ambassador to Baghdad, Mr Marcin Kubiak. (Source: MoFA)

Elryan partners with Carrefour for Online Grocery Shopping in Iraq

By John Lee. Iraqi e-commerce platform Elryan.com has significantly expanded its product offering to include grocery items with the launch of its partnership with major international retailer, Carrefour. In a statement, Elryan says the partnership brings a new level of choice, convenience, and service to Elryan's more than 100,000 active customers. Products will be delivered […]

$890m for Reconstruction in Dhi Qar

By John Lee. Iraq has approved a reconstruction programme in Dhi Qar governorate valued 1.3 trillion Iraqi dinars ($890 million). Prime Minister Mustafa Al-Kadhimi said that electricity supply would be given priority, adding that 20 cities in the province will also be expanded. Included in the more than 100 projects is the Al-Islah-Jbayish water project, […]