mn Archives - Panorama Insurance Brokers

Iraq Approves Russian COVID Vaccine

By John Lee. The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, has announced the approval of the Russian Sputnik V vaccine against coronavirus by Iraq’s Ministry of Health. Iraq has become the 45th country in the world to register Sputnik V. The vaccine was registered under the emergency use authorization procedure. (Source: RDIF)

Japan, UNESCO to support Educational TV Channel in Iraq

The Government of Japan and UNESCO sign agreement to support the Ministry of Education’s TV channel The agreement to commence the project “Mitigating the impact of COVID-19 on Education through distance learning in Iraq” (about 600,000 USD) was exchanged between Mr. Nakagawa Shu (pictured), Deputy Chief of Mission, Embassy of Japan in Iraq, and UNESCO… Read More

Felgenhauer to chair Iraqi Children Foundation

By John Lee. Grant Felgenhauer (pictured), Managing Partner at Euphrates Advisors, has been appointed to succeed Mohammed Khudairi as Chairman of the Iraqi Children Foundation (ICF). On taking up his new role, Felgenhauer reiterated ICF’s mission to intervene with compassion and hope in the lives of children who are vulnerable to abuse, neglect, and exploitation…. Read More

Embezzlement Alleged at Amarah’s Entertainment City

By John Lee. A court in Amarah has issued a warrant for the arrest of an ex-director of the Entertainment City. According to a statement from the Supreme Judicial Council, the former director is accused of embezzling “a huge amount from collection during his job“. (Source: Supreme Judicial Council)

Iraqi Former Minister Jailed

By John Lee. An Iraqi court has sentenced Riyadh Abdul Hamza Abdul Razaq, ex-Minister of Municipalities and Labour, and Hashem Abdul Zahra Aziz, a director of the Ministry, to two years in prison in relation to a “breach of contract” in the supply and installation of 17 asphalt factories. The contract, signed in 2007, was… Read More

Market Review: “Market Roars Back to Life”

By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: “Market Roars Back to Life” The market, after January’s 9.3% sell-off, resumed the rally that was ignited by the 22.6% devaluation of the… Read More

Iraq tackles Corruption in Currency Auctions

By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Addressing the meeting, the Prime Minister said the reserves of the Central Bank of Iraq (CBI) have increased by $4 billion, adding that the government has been able to tackle what it describes as “the… Read More

Freedom House: Iraq rated “not free”

By John Lee. Iraq continues to be listed as “not free” in Freedom House‘s latest Freedom in the World index. Scoring 29 points from a possible total of 100, Iraq does, however, rank considerably better than neighbouring Iran (16), Saudi Arabia (7), and Syria (1). Jordan scores better with 34, while Turkey also comes in… Read More