The United Nations Development Programme (UNDP) in Iraq and the Iraqi Ministry of Planning (MoP) have today signed a new Memorandum of Understanding (MoU) that will boost the private sector through micro, small and medium enterprises, create job opportunities and support an inclusive growth policy. The MoU provides a general framework for cooperation between the […]
The Iraqi Civil Aviation Authority (ICAA) has contracted Kuwait's National Aviation Services (NAS) to upgrade and operate passenger-handling services and processes at the Baghdad International Airport. NAS will extend its expertise and resources at the Babylon and Samara passenger terminals as well as the international transit halls. NAS will also be responsible for the refurbishment […]
By John Lee. Iraq and France have signed three Memorandums of Intent during a visit by Mustafa Al Kadhimi, Prime Minister of Iraq, to Paris. According to a statement from the Government of Iraq, the agreements relate to the Baghdad suspension railway project; strengthening the institutional capacities of the Iraqi Ministry of Agriculture; and, increasing […]
Economic Drivers of Youth Political Discontent in Iraq: The Voice of Young People in Kurdistan, Baghdad, Basra and Thi-Qar Exactly one year on from the start of widespread popular protests on the 1st of October 2019, this rapid piece of research aims to respond directly to the tumultuous events of the past year and explores […]
From the Iraq Britain Business Council (IBBC): IBBC holds dual dinner in London and Baghdad to celebrate the life of Rasmi AL Jabri and establish an award in his name On Thursday, 14th October, IBBC hosted a single reception and dinner in memory of Engineer Rasmi Al Jabri, our late Deputy Chairman and Founding Member […]
The United States Agency for International Development (USAID) and Top Mountain have launched a Business Accelerator Project to assist micro, small, medium-sized businesses (MSMEs) in Iraq to provide immediate assistance to help their business recover, develop, and grow. In support of this effort, Top Mountain will distribute USAID-funded grants to 15 Iraqi businesses. These grants […]
By John Lee. Kuwait-based food and grocery delivery app Talabat has announced the expansion of its services into Iraq. The app, which operates in eight markets throughout the MENA region, will initially launch operations in Erbil in early 2021, before expanding into Federal Iraq in 2021. Founded in Kuwait in 2004, talabat continues to revolutionise […]
By Farhad Alaaldin, for Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan Region rice farmers harvest bumper crop Finance Minister Ali Allawi said in a press conference following the adoption of the White Paper for Economic Reform by the Council of Ministers […]
By John Lee. French telecoms company Orange Group has reportedly launched legal proceedings against the Iraqi government with the International Center for Settlement of Investment Disputes (ICSID), part of the World Bank, for more than $400m that it alleges was expropriated by the country's regulator. The case relates to the company's investment in Korek, the […]
By John Lee. An Iraqi government white paper has warned of a possible collapse in the value of the Iraqi dinar. According to Farhad Alaaldin, writing for Rudaw, the recently-approved white paper refers on page 37 to the danger of using the Central Bank of Iraq (CBI) as a source of financing, saying that the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th Oct 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD681 (+2.3%) / $707 (+1.9%) (weekly change) (+3.4% and +0.9% YTD change, respectively). The number of week traded […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan Region rice farmers harvest bumper crop Rice harvest season has begun in the Kurdistan Region, and farmers in Erbil's Harir sub-district say there's been a boom in production this year. "We're making a […]
