Archive | 7th November 2011

Foreign Companies to be ‘Encouraged’ to Hire Locals

The Iraqi government is to provide financial incentives for foreign companies to hire Iraqi workers, according to AKnews. The parliamentary committee for labor and services decided to reduce taxes and other ‘not specified obligations’ towards the Iraqi government, as well as to provide facilities to these companies. “The foreign companies can rely on their skilled […]

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MP Reports Embezzlement in Najaf

There is a case of ‘serious fraud’ in a project intended for Najaf City, the Capital of Islamic Culture in 2012, an Iraqi MP has warned. Hussein Sharifi, a member of Tourism and Archeology Committee in parliament, told AKnews the case involved is the construction of a three-floor building for which 100 billion Iraqi dinars […]

Iraq and Germany Agree Economic Cooperation

Iraq and Germany have signed a memorandum of understanding (MuO) in Baghdad, commiting them to cooperate in areas of industry, trade, agriculture and transportation. The Iraqi Minister for Industry, Ahmed Dali, told a press conference following the signing of the protocol that the signing of the MuO will encourage more German companies to come to […]

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More Federalism Chaos

The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]