By John Lee. The Governor of Central Bank of Iraq (CBI), Dr. Ali Mohsen Al-Alaq, has met with Jean Claude Farah, Western Union's President for the Middle East and Asia Pacific. According to a statement from Mr Farah on Linked In, they talked about how Western Union can further grow its presence across the country […]
By John Lee. The Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani (pictured), has said the he anticipates the exchange rate between the Iraqi dinar and the US dollar will stabilize at the official rate of 1,320 IQD. Speaking at the Iraq Forum for Stability and Prosperity in Baghdad last week, he also said that […]
Funds from Kuwait Fund for Arab Economic Development allow UNHCR to continue delivering essential services to refugees in the Kurdistan Region of Iraq UNHCR, the UN refugee agency in Iraq, in cooperation with the Kurdistan Regional Government and Ministry of Interior, with generous financial support from the Kuwait Fund for Arab Economic Development, opened a […]
Prime Minister Masrour Barzani on Thursday received the German Ambassador to Iraq, Martin Jaeger at the end of his term. The Prime Minister reiterated his appreciation for the German Ambassador's continuous efforts to strengthen ties between Kurdistan and Germany, while wishing him success in his future positions. The German Ambassador expressed gratitude to the Kurdish […]
By John Lee. Pakistan's Attock Cement Pakistan Limited has given notice of an Extraordinary General Meeting (EGM) to be held on 25th May to approve the sale of its cement grinding facility in Iraq. According to a stock excchange filing, Attock proposes to sell its 60-percent share (18 million shares) in Saqr Al-Keetan for Cement […]
By John Lee. The Iraqi Cabinet has agreed to draft a a law to regulate electronic payments in Iraq. The Legal Department of the General Secretariat of the Council of Ministers will work together with the Central Bank of Iraq (CBI), the Federal Board of Supreme Audit, and the Economic Adviser to the Prime Minister […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Tag Ends of Currency Upheaval Sparks Market Rally The market, as measured by the Rabee Securities RSISX USD Index, was up 12.5% for the month, and up […]
UNDP partners with private sector companies in Karbala to boost youth employment The United Nations Development Programme (UNDP) has signed a Statement of Intent with eight private sector companies in Karbala during the second phase of a Job Matching Project aimed at curbing youth unemployment in the governorate. The Job Matching Project is designed to […]
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. The Iraqi Ministry of Electricity announced its plans to raise electricity production to 24,000 megawatts in May, an increase of 3,500 megawatts from the current production, local […]
Sweden contributes additional US$ 1.9 million to support stabilization in Iraq The Government of Sweden has contributed an additional SEK 20 million (US$ 1.9 million) to UNDP's flagship programme, the Funding Facility for Stabilization. Today, a signing ceremony with Her Excellency Ms. Jessica Svärdström, the Ambassador of Sweden to Iraq, and UNDP Resident Representative in […]
From the Iraq Britain Business Council (IBBC): IBBC attends first conference of petrochemicals, fertilizers and mineral investment hosted by Ministry of industry and minerals. The aim of the conference was to attract investors to the field of important minerals to the Iraqi economy, such as sulphur and phosphate, as well as the raw materials that […]
By John Lee. The management of Iraqi Airways has had a meeting with representatives of Boeing to discuss developing and modernizing the national carrier's fleet. The meeting was held to prepare for the arrival of the 787 Dreamliner at the end of May. Boeing confirmed its commitment to providing support to Iraqi Airways to ensure […]
