By John Lee. The Ambassador of Iraq in London, Mr. Mohammad Jaafar Al-Sadr, has met Mr. Enzo Quattrociocche, the Secretary-General of the European Bank for Reconstruction and Development (EBRD). During the meeting, they discussed the possibility of Iraq joining the bank. The Ambassador stressed the importance of moving forward with the implementation of Iraq’s economic […]
By John Lee. Iraq has reportedly announced the reopening of the Mandali border crossing in Diyala governorate, which connects Iraq with Iran. According to Kurdistan24, the crossing had been closed for nearly five months, following allegations of corruption. It says that Adel Abdul Mahdi, who remains Iraq’s interim Prime Minister, decided to re-open the crossing […]
Iraq: Constitutional vacuum after failure to choose prime minister Iraq has entered a constitutional vacuum after the deadline set for political parties to agree on the next prime minister passed without success. The agency said hundreds of anti-establishment protesters have blocked major roads in the capital, Baghdad, and in central and southern provinces to protest […]
Daring to kill and an absent justice: Report documents Iraqi security violations against protesters The Euro-Mediterranean Human Rights Monitor urged the Iraqi authorities to open a comprehensive investigation into all the killings, kidnappings and torture Iraq has witnessed since the protests broke out last October 1 and to ensure it is independent, and to release […]
China-based HQTS has been awarded a Conformity Certification (COC) certificate by the Government of Iraq to conduct quality assurance services on imported goods to the country. Iraq’s Minister of Planning, Dr. Nouri Sabah al-Dulaimi, announced yesterday that HQTS was one of the just four successful bids and the only Chinese company selected out of 19 […]
Australian construction giant CIMIC, formerly known as Leighton Holdings, has reportedly settled a long-running class action with investors over allegations its senior executives had knowledge of corrupt behaviour relating to the Unaoil bribery scandal that hit the company's share price. The class action alleged that CIMIC failed to comply with its continuous disclosure obligations and […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Targeting of US bases in Iraq a harsh Iranian message to Washington The US government believes Iran is behind a series of advanced missile attacks, which have increased recently, […]
The Iraqi Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Adil Abd Al-Mahdi. The Prime Minister told the Cabinet that the current government will continue to discharge its duties until the formation of the next Iraqi government. The Prime Minister then outlined some of the key achievements of […]
By Daniel L Byman, for Brookings Institution. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is facing serious unrest that is likely to force limited reforms in the political system but not wholesale change. The current Iraqi power structure, with Iranian support, will […]
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th January 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD655 (-2.8%) / $697 (-2.8%) (weekly change) (-0.7% and -0.7% YTD change, respectively). The number of week traded […]
Iraq has paid back more than $20 billion in foreign debt, the head of the parliamentary finance committee Haitham Al-Jubouri has said. “Iraq’s foreign debt amounted to more than $50 billion. More than $20 billion was paid back over the last period,” Al-Jubouri told the Iraqi news agency. According to the official, Iraq still owes […]
