Iraq has taken the first step to become a member of the European Bank for Reconstruction and Development (EBRD). The 71 existing shareholders of the multilateral financial institution approved a request by the country during the Bank's Annual Meeting on Wednesday. The EBRD promotes private sector development and sustainable and inclusive growth through a combination […]
Five One Labs, a start-up incubator for Iraqi and Syrian entrepreneurs based in the Kurdistan Region of Iraq (KRI), has launched Five One Invest, an investment initiative that creates more efficient deal-making and matchmaking opportunities for local investors and increases access to capital for entrepreneurs as they scale. Five One Labs co-founder Alice Bosley said: […]
By John Lee. Iraq's National Investment Commission (NIC) has announced that it has prepared a plan to revitalize stalled projects. NIC Chairman, Suha Dawood Najar (pictured), said: "NIC have prepared a plan to revitalize the investment process all over the country in all sectors through activating the lurking and halted projects and reshaping them financially […]
By Iraq Solidarity News (Al-Thawra). Re-published with permission by Iraq Business News. A journey of a thousand miles begins with a single step and around the world, people are taking those first steps in support of Iraq's children. Throughout October, the Iraqi Children Foundation are taking the Road to Baghdad on a virtual journey of […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Duhok tourist sites welcome more than 12,000 visitors in two weeks Tourist sites in Duhok province have seen upwards of 12,000 tourists in the two weeks since holidaymakers were allowed in from other parts […]
By John Lee. The Ambassador of Republic of Iraq in London, Mr. Muhammad Jaafar Al-Sadr, chaired a meeting with representatives of the British pharmaceutical group, AstraZeneca, which is a leading company in Coronavirus vaccine in cooperation with the University of Oxford in Britain, through video conference. The meeting discussed the possibility of Iraq obtaining adequate […]
From Middle East Monitor, under a Creative Commons licence. Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Salaries of Iraq senior officials depleting state budget The "astronomical" salaries of the president, ministers, members of parliament and other senior ranking officials in Iraq are depleting […]
By Joe Snell for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. New Iraqi committee to build nuclear reactors, combat electricity woes Iraq's Prime Minister Mustafa al-Kadhimi ordered on Sept. 24 the formation of a committee tasked with overseeing the building of […]
By John Lee. The Turkish Civil Aviation Authority has reportedly suspend flights between Turkey and Iraq from Saturday 3rd October. According to Shafaaq news agency, the decision was made to prevent the spread of coronavirus (covid-19). (Source: Shafaaq)
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Kadhimi follows through on promises to reform Iraq's security sector Since he took office in May, Iraqi Prime Minister Mustafa al-Kadhimi has made a series of changes in senior […]
By John Lee. Yesterday (Thursday), the South Refineries Company (SRC) and Iraq's Ministry of Oil (MOO) signed the contract with Japan's JGC Corporation to start construction of a new Fluid Catalytic Cracking (FCC) Complex at Basrah Refinery. The project is funded by the Japan International Cooperation Agency (JICA)'s ODA (Official Development Assistance) loan project. The […]
By John Lee. Iraq's Ministry of Oil has announced initial oil exports for September of 78,388,619 barrels, giving an average for the month of 2.613 million barrels per day (bpd), slightly up from the 2.597 million bpd exported in August. These exports from the oilfields in central and southern Iraq amounted to 75,000,000 barrels, while […]
