In Iraq, a country most recognized for its oil production, it's the micro - small - and medium-enterprises (MSMEs) that bring life and colour to the streets. Despite being the 'small' players in business, the private sector (excluding oil) accounts for close to 60% of employment, with MSMEs active in the widest range of sectors […]
Awareness is key to flattening the COVID-19 curve in Iraq The World Health Organization (WHO), in collaboration with the Ministry of Health of Iraq, today began a major COVID-19 awareness-raising campaign targeting people living in high-risk and heavily affected areas in the Iraqi capital Baghdad. The campaign will mobilize more than 250 community volunteers to […]
Characterized by long, hot and clear summers, Najaf, Iraq's holy city, seems like the ideal place to realize the potential for solar energy in Iraq. Which is why in 2016, Najaf was selected as one of three sites to pilot rooftop solar photovoltaic (PV) systems, testing their potential for application across the sunny nation. Energy […]
By John Lee. Dar Al-Shifa Hospital has been opened in Al-Zubair district in Basra Province. The hospital, a private-sector investment project which created 100 new jobs and cost $24 million, has a capacity of 60 beds, five operating theatres, an ophthalmology centre, a dental clinic, a maternity ward, an emergency department, laboratories and a pharmacy. […]
By John Lee. The Iraqi parliament has reportedly authorised borrowing of up to $5 billion (Dh18bn) from abroad after the fall in oil prices caused a financial crunch. According to The National, the vote came a few days rating agency Fitch forecast the economy to shrink 9 per cent this year and debt to skyrocket. […]
By Adam Lucente for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Frustration builds as Iraq's airports remain closed amid rising virus cases When Iraqi aviation authorities first closed airports to commercial passenger flights March 17 in an effort to curb the spread of […]
Gulf Keystone Petroleum (GKP) has announced that Jón Ferrier (pictured), Chief Executive Officer, has informed the Board of his intention to retire from the Company upon appointment of a successor and after a period of handover. The Company is now commencing a formal, externally facilitated, search process and will provide an update as and when […]
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The coronavirus pandemic is affecting a community in Iraq's historic marshes. For years, people there have relied on the wetlands for herding water buffaloes. But the pandemic is now threatening their livelihood. Al […]
The UAE has sent an aid plane carrying 10.5 metric tons of medical supplies to Iraq to bolster the country's efforts to curb the spread of COVID-19. This aid will assist approximately 10,500 medical professionals as they work to contain the virus. Commenting on the aid delivery, Mohamad Saleh Altenaiji, Charge d'affaires of the UAE […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th June 2020). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD581 (-2.0%) / $603 (+3.1%) (weekly change) (-11.9% and -14.0% YTD change, respectively). The number of week traded […]
By John Lee. The AMAR International Charitable Foundation is delighted to invite you to attend an on line Zoom panel of Iraqi medical experts from the World Health Organisation, IBBC healthcare and our front-line doctor, live from the IDP camps, to discuss the current healthcare situation in Iraq and the immediate challenges in Iraq and […]
By John Lee. The International Air Transport Association (IATA) awarded dnata the IATA Safety Audit for Ground Operations (ISAGO) Registration in Iraq, following the successful completion of a comprehensive audit of the company and its ground-handling operations at Erbil International Airport (EBL). Tom Alwyn-Jones, General Manager of dnata Erbil, said: "We are thrilled to mark […]
