By Aziz Al Nassiri, CEO, RiTS. Noah’s Ark Initiative: Toward the creation of a new entrepreneur generation in Iraq. Noah’s Ark -- an initiative aimed at solving Iraq’s most pressing problem, youth unemployment -- was launched on 3rd August 2017. The Ark is an organized Launchpad for small entrepreneurial business startups. The concept is based on […]
By Aziz Al Nassiri. Proposition Even though Iraq is an oil producing country, it is now with 35% of its population living below the poverty line. Unemployment running at 60% among the youth sector (17-25). Almost all important social indicators places the country among the bottom 5% of countries in the world. The country has […]
By John Lee. A spokesperson for the Kurdistan Region's Syndicate of Investors has told BasNews that unemployment has risen sharply over the last two years and is now estimated at 20-25 percent with 700,0000 people losing their jobs in the private sector. But the Head of Sulaymaniyah Directorate of Statics, Mahmoud Othman, rejected the claims, […]
By John Lee. The Iraqi Minister of Labour and Social Affairs, Mohammed Shayaa al-Sudani, has said that the unemployment rate in Iraq has passed 25 percent. Ministry statistics also show that Iraq's population is now almost 36 million, two million of whom are internally displaced as a result of the conflict with Islamic State (IS, […]
By John Lee. BasNews reports that the unemployment rate in Kurdistan has risen from 7 percent at the end of 2013 to 10 percent currently. The number unemployed is nearly 100,ooo, of which 52 percent are men. The increase has been blamed on the general economic situation in Iraqi Kurdistan, and on the sanctions that Baghdad […]
By Layth Mahdi, Agricultural Advisor. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Poverty and Unemployment Not Being Addressed in the Coming Iraqi Elections Iraq's poverty and unemployment is increasing every year despite the Government's efforts to implement programs to lower it. The United […]
Iraq's Minister for Planning and Development Cooperation, Ali Yusuf Al Shukri, has announced unemployment in Iraq of about 16%, with a poverty rate of about 11%, according to Alsumaria TV. “Poverty and unemployment rates are decreasing in Iraq after Iraqi GDP improved and investment in constructions and services projects increased,” Shukri told the news agency, stressing […]
By T. Keyzom Ngodup, co-founder at Ideas sYnergy. Ideas sYnergy is Iraq’s first multiple bottom line advisory company committed to inclusive economic and social development through market-based solutions that help build and scale youth-driven innovative ideas for social change. An Economist report rightly pointed out that when people in the developed countries worry about […]
Unemployment in Iraq has reached one million, according to a report from AKnews. Dara Hasan, Deputy Minister of Labor and Social Affairs, told the agency: "We are working on a plan to bring the level of unemployment down. There are 13 new laws ready to be issued which will protect and stabilized employees' rights in […]
Visa problems for foreign workers in Iraq continue to make the headlines. Last week we reported on the difficulties caused by a decision to channel visa applications through the office of the Prime Minister, Nouri al-Maliki; now we hear that the Basra Investment Commission has imposed its own restrictions, with the intention of reducing unemployment. […]
The head of the Basra Investment Commission said on Wednesday that it has placed strict controls on the entry of foreign workers to the province. Haidar Ali Fadel told AKnews that the commission is restricting the numbers of foreign workers in the province in order to prioritize local manpower, and that formal approval has not […]
With unrest in several Arab cities, many in the region are worried about the risk of contagion. The latest flashpoints are Egypt, Tunisia, Yemen, Jordan and Algeria; but is Iraq vulnerable as well? The people certainly have a lot to complain about. Electricity The heat and increased use of air conditioning put a major strain […]
