By John Lee. An online platform that connects Iraqi patients to doctors has reportedly raised a six-figure sum in its latest round of fundraising. According to Startup MGZN, Tabib Baghdad raised the money through the recently-launched Iraqi Angel Investors Network, led by KAPITA and Nass Al Iraq. It adds that the Deutsche Gesellschaft für Internationale… Read More
Iraqi Economy ‘Riddled with Corruption’
The former government had handed the new administration empty coffers, leaving them with only $300 million in Iraq’s treasury. Iraq’s budget depends on oil, but there are many other non-oil resources that can be included to budget such as taxation, utilities, customs, export, etc. Therefore, the salary crisis can be addressed if the government is… Read More
Netherlands to send New Troops to Iraq
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Netherlands to send new troops to Iraq as coalition shifts to advisory role The Netherlands is preparing to bolster its mission in Iraq by sending up to 150 additional troops to Iraqi… Read More
IBBC discusses Govt of Iraq’s White Paper
IBBC discuss Government of Iraq’s White Paper In an extensive discussion, leading executives and directors from the Iraq Britain Business Council (IBBC) presented their insights and observations on the GoI White paper for reform. Speakers included: Professor Frank Gunter, Professor of Economics, Lehigh University, Advisory Council Member, IBBC Mr Shwan Aziz Member of the IBBC… Read More
Iraqi Woman Sets Record, Calls Attention To Iraqi Children
Mais Abousy Sets Record as First Woman to Do Indoor Iron Distance Race, Calls Attention To Iraqi Children Iraqi-American lawyer, Mais Abousy, set a record on Saturday, November 7, 2020, as the first known woman in the world to complete an indoor Iron Distance Race, using the feat to raise awareness of Iraq’s orphans and… Read More
Genel announces First Oil at Sarta
Genel Energy has announced first oil production from the Sarta field (Genel 30% working interest), less than 21 months after the acquisition of the stake was completed. Production has begun at Sarta with first oil flowing from the Sarta-3 well into the Early Production Facility. The Sarta-2 workover operation is on track to be completed… Read More
HRW: Scrap Bill to Restrict Free Speech
Iraqi lawmakers are considering a draft law on information technology crimes that could be used to stifle free expression, Human Rights Watch (HRW) said this week. It says the bill includes vague provisions that will allow Iraqi authorities to harshly punish expression they decide constitutes a threat to governmental, social, or religious interests. More here…. Read More
Experts discuss fate of the Iraqi Dinar
By John Lee. At a webinar hosted by the Iraq Britain Business Council (IBBC) yesterday, a team of experts presented and discussed their insights on the Iraqi government’s recent White Paper, and on the challenges and opportunities facing the country. On the subject of the Iraqi currency, Frank Gunter, Professor of Economics at Lehigh University,… Read More
Iraq Finalises Oil Exports for Oct
By John Lee. Iraq’s Ministry of Oil has announced finalised oil exports for October of 89,153,932 barrels, giving an average for the month of 2.876 million barrels per day (bpd), up from the 2.613 million bpd exported in September. These exports from the oilfields in central and southern Iraq amounted to approximately 86,023,204 barrels, while… Read More
Iraq Increases Deficit to Pay Salaries
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq increases deficit to pay salaries The Iraqi parliament approved on November 12th the funding deficit law, entitling the government to borrow 12 trillion dinars ($10 billion) from internal… Read More