A senior Iraqi official said the construction work for establishing a major railway project connecting the Arab country to neighboring Iran will get underway not in the too distant future. "The railway between Iran and Iraq through the Shalamcheh link will get going soon," said Qasim al-Araji, a national security adviser to the Iraqi government, […]
United Nations Secretary-General on COVID-19 and the Arab region: recovery is an opportunity to build back better The COVID-19 pandemic is wreaking havoc on an Arab region struggling with decades-long development challenges, including occupation and conflict but also a dire economic situation, which have limited States' capacity to mitigate the impact of the virus. However, […]
Oryx Petroleum Corporation has announced that the Corporation's two largest shareholders have informed the Corporation that Zeg Oil and Gas Ltd. acquired control of the Corporation from AOG Upstream BV on July 23, 2020 in the context of the previously announced transaction. The acquisition was conditional upon and subsequent to the closing of the Loan […]
By Al-Monitor staff. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq's coronavirus cases top 100,000 as Baghdad airport reopens The number of confirmed coronavirus cases in Iraq exceeded 100,000 on Thursday as the country's airport in Baghdad reopened to commercial flights for the […]
Minister for Foreign Affairs Pekka Haavisto visited Iraq on 22-23 July at the invitation of Iraq's Minister of Foreign Affairs Fuad Hussein. The central purpose of the visit was to establish relations with Iraq's new Government, to express support for Iraq's stabilisation efforts, and to exchange views on topical bilateral and regional questions. Iraq is […]
By Ali Al-Mawlawi for the Royal Institute for International Affairs (Chatham House). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's public sector has shown formidable resistance to reform. The goal of this briefing is to guide policymakers, international financial institutions and development agencies in their design […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for June of 84,489,016 barrels, giving an average for the month of 2.816 million barrels per day (bpd), down from the 3.212 million bpd exported in May. These exports from the oilfields in central and southern Iraq amounted to 81,006,497 barrels, while exports […]
By Hassan Ali Ahmed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Mosul sowing seeds post-Islamic State The Mosul local government in cooperation with civil society is undertaking a project to plant a million trees in Mosul. Click here to […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th July 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD637 (+2.9%) / $666 (+2.9%) (weekly change) (-3.4% and -4.9% YTD change, respectively). The number of week traded […]
Northern Gulf Partners, a frontier market investment firm, and California-based Pay It Forward Venture Capital, have led a seven-figure US dollar seed round investment in Lezzoo, a delivery and e-payment platform that aims to become Iraq's first super-app. Lezzoo received a pre-seed investment from Silicon Valley's Y Combinator and is the only Iraqi start-up accepted […]
By Aymen Salman, for The Station. Re-published with permission by Iraq Business News. During this worldwide pandemic, Entrepreneurs have to face a new reality. Whether a vaccine or a cure will be found for this virus or won't, we are hearing a lot of voices about the world and ecosystem after COVID-19. Considering the fact […]
By John Lee. Iraqi Prime Minister Mustafa al-Kadhimi met Iran's Supreme Leader Ayatollah Ali Khamenei on his first foreign trip since taking office. Following the meeting they announced that they have agreed to "revitalise current agreements between our two countries, including the agreement to establish a rail link between Iran and the Iraqi city of […]
