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  • Investors Iraq News's Avatar
    Today, 04:09 AM
    By John Lee. Iraq has agreed to buy 90,000 metric tons of rice from the United States. US Congressman Ralph Abraham, M.D., R-Alto, a member of the House Agriculture Committee, said in a statement: “Iraq is buying three times more rice than we requested in our letter, so I’m thrilled that this resulted in such a successful sale.* A purchase of this great amount will have an immediate and strong impact on the American rice market, and this is certainly a testament to American rice producers, who grow the best rice in the world.” Dr. Abraham said he has led several letters to Iraq over the last few years advocating for US rice, adding that the most recent success was in August when Iraq purchased 15,000 metric tons from the United States. (Source: Congressman Ralph Abraham) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 04:09 AM
    Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC), has announced the launch of non-stop service to the city of Sulaymaniyah in the north of Iraq. The new service from the carrier’s primary hub in Sharjah marks Air Arabia’s fourth destination in Iraq and 152 worldwide. From November 6, 2018, Air Arabia will offer two weekly flights to Sulaimaniyah, making it convenient for passengers travelling between both cities. Offering convenient timings, the three-hour flight will operate twice per week, on Tuesdays and Fridays. The outbound flight on Tuesday’s will depart from Sharjah International Airport (SHJ) at 05:00 and land in Sulaimaniyah International Airport (ISU) at 06:55 local time. The return flight will leave Sulaimaniyah at 07:35 and land in Sharjah at 11:05 local time. On Fridays, the flight will depart from Sharjah International Airport (SHJ) at 15:00 and land in Sulaimaniyah International Airport (ISU) at 16:55 local time. The return flight will leave Sulaimaniyah at 17:35 and land in Sharjah at 21:05 local time. Adel Al Ali, Group Chief Executive Officer, Air Arabia, said: “We are pleased to launch this new service to Sulaimaniyah, our fourth destination in Iraq, after Baghdad, Najaf and Erbil. We continuously seek ways to enhance airline connectivity with Iraq, given the growth in business ties between the two nations. The additional route is a testament to Air Arabia’s commitment to providing affordable air travel to our growing customer base.” (Source: Air Arabia) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 04:09 AM
    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. British Ambassador Jonathan Wilks warned at a press conference last month that, at its current rate of growth,*Iraq’s population would increase*by a million people per year. Iraq’s Central Statistical Organization (CSO) announced soon after, on Oct. 1, that the country’s population had reached about 38 million in 2018, and that Baghdad’s population had reached more than 8 million. While Iraq has not conducted any comprehensive census since 1997, these figures, combined with the rising unemployment rate, indicate an imbalance between the growing population and the availability of services. Najeh al-Obeidi, an economics*researcher at the University of Baghdad, is worried that the state will not be able to respond to population growth or provide decent living conditions for Iraqis.*“This raises concerns about the future,” he said.*“Baghdad alone has a population equal to that of the entire country five decades ago.” Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Wolverine's Avatar
    Yesterday, 05:22 PM
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  • BatmaninIraq's Avatar
    Yesterday, 10:50 AM
    Financial expert for / Nina:: Deleting zeros from the currency is a correct measure .. But not at the present time | 13/10/2018 10:19 BAGHDAD / Nina / Financial expert Safwan Qusay Abdul Halim said on Saturday that the current economic situation does not allow the implementation of the project to delete zeros from the currency due to the unstable conditions in the Middle East and the possibility of illegal local currencies looking for a way to enter the banking system the local . "The Central Bank of Iraq is trying to restore confidence in the Iraqi currency and the introduction of the international currency market and facilitate the task of calculations by deleting zeros, stressing that the current economic situation is not allowed because of the unstable conditions in the East Middle East and the possibility of illegal domestic currencies looking for a way to enter the local banking system. " He pointed out that "the project can create confusion in the monetary policy and the value of the Iraqi dinar, so the procedure to delete zeros is a correct procedure, but the current government to choose the appropriate time to replace the currency and transparent and subject to the highest degrees of control The governor of the Central Bank Ali Al-Allaq announced earlier The existence of a plan to delete the zeros from the local currency, pointing out that "this plan needs to take deliberate steps, so as not to be exploited in the work of forgery. " Alalak said in a press statement that "currencies with small categories, may lead the citizen to bid farewell to banks for difficulty to store ". " I have Alp As central a future plan for the restructuring of the Iraqi currency, including the deletion of zeros, but this plan needs to deliberate steps, and a stable situation about the whole so as not being exploited in acts of fraud and other ".
    162 replies | 26392 view(s)
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