Proposed Changes to Iraq's Investment Law
By John Lee. A parliamentary workshop has been held to discuss proposed amendments to Investment Law No. 13 of 2006. The session was convened by the Iraqi Council of Representatives' Investment and Development Committee, under the patronage of Deputy Speaker Adnan Fayhan. According to the National Investment Commission (NIC), the workshop was attended by members […]
Iraq and World Bank in Talks on Procurement Reforms
By John Lee. Iraq's Ministry of Planning has held talks with the World Bank on reforms to the government procurement system, including the development of electronic procurement and a roadmap to improve transparency and stability in government contracting. The meeting, chaired by Deputy Minister for Administrative Affairs Dr. Hana Ismail Al-Asadi, was attended by Sandeep […]
World Bank Discusses Support for Iraq's Electricity Sector
By John Lee. The World Bank has discussed expanded cooperation with Iraq's Ministry of Electricity, with a focus on priority projects to develop the country's power infrastructure. Osman Dione, World Bank Vice President for the Middle East and North Africa, met with Minister of Electricity Ali Saad Wahib at the ministry's headquarters on Wednesday. According […]
Russian Business Council "eyes Kurdistan as Gateway to Iraq"
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Russian Business Council Eyes Kurdistan as Gateway to Iraqi Market The Kurdistan Region is a gateway to the wider Iraqi market for Russian companies seeking to expand their presence in the country, the executive […]
Contract for New Residential Complex Signed in Baghdad
By John Lee. An investment contract has been signed for the Budoor Baghdad Residential City in Baghdad. The agreement was concluded between the National Investment Commission (NIC) and Darb Al-Kurama General Contracting and Trading Company. The contract was signed on Thursday by NIC chairman Adel Dakhil Muhammad al-Yasiri and company representative Zaid Kamal Al-Asadi. The […]
Seismic Survey Contract for Sasan and Alan Fields
By John Lee. A contract has been signed between Iraq Oil Exploration Company and KAR Group for 2D and 3D seismic surveys at the Sasan and Alan exploration blocks in Nineveh province. Oil Minister Basim Muhammad Khudhair al-Abadi presided over the signing ceremony on Tuesday. The Minister underlined the importance of completing the project on […]
New Initiative to Strengthen Farm Management in Iraq
From UN Iraq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Government of Iraq, FAO and World Bank launch new initiative to strengthen farm management and dairy value chains in Iraq The Government of Iraq, the Food and Agriculture Organization of the United Nations […]
Iraqi Graft Crackdown Jails Lawmakers, but Can it Reach their Patrons?
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Graft Crackdown Jails Lawmakers, but Can it Reach their Patrons? Iraq's sweeping anti-corruption campaign has put lawmakers and officials behind bars and returned more than 1B USD to state coffers. Whether it […]
Abraaj Al-Ameriya Residential Project Contract Signed
By John Lee. An investment contract has been signed for the Abraaj Al-Ameriya residential project in Baghdad, a development comprising 1,620 housing units in the Ameriya district, behind the American University of Baghdad. The project will be executed by Al-Ab'ad Al-Dhahabiya for Investment and Real Estate Development, a subsidiary of Al-Kamil Holding Group. According to […]
Air Transat Licence for Canada-Iraq Flights
By John Lee. A temporary licence has been granted to Canada's Air Transat to provide scheduled international air services between Canada and Iraq via code sharing. The licence is valid until 30th June 2028. According to the Canadian Transportation Agency (CTA), the authority is classified as extra bilateral, as no existing agreement or arrangement between […]
Dinar Devaluation "Fuels Showdown over Iraq's 2027 Budget"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Dinar Devaluation Fuels Showdown over Iraq's 2027 Budget A sharp devaluation of the Iraqi dinar has set off an intense and public fight over state finances... Lawmakers are now pressing Prime Minister Ali […]
Iraq launches the Updated Nationally Determined Contribution
From the United Nations Development Programme (UNDP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq launches the Updated Nationally Determined Contribution Under the patronage of Prime Minister H.E. Mr. Ali Al-Zaidi, Iraq today officially launched its Updated Nationally Determined Contribution (NDC), setting out […]