By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Many countries impose capital gain tax on individuals, companies and corporations when a profit realized from the sale of assets. National and state legislation often has a large array of fiscal obligations […]
Iraq is not currently the obvious choice for a ski holiday but the Korek Mountain Resort in Kurdistan is hoping to change that. The $95m resort in northern Iraq threw a pre-launch party as part of the government's plan to make the region a major tourist destination. However with ongoing security concerns in southern Iraq, […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Karbala’s New Computer System to Prevent Bribery, Abuse and Burning of Official Documents Authorities in the religious centre of Karbala are planning to computerize their records and start a […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th February 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,939 (-0.5%)/ $2,059 (-0.5%) (weekly change). The number of week traded shares was 7.4bn and the weekly trading […]
By John Lee. Foreign Minister Hoshyar Zebari met members of the Iraq governmental delegation negotiating with Iran on issues of land and river borders' demarcation and rivers. The delegation composed of representatives from the legal department at the General Secretariat, the Ministries of Water Resources, Transportation, Defense and Foreign Affairs, in addition to Command of […]
By John Lee. Ahmed Alomary, a former commissioner at the Communications and Media Commission (CMC), told Reuters that Iraq plans to auction third-generation (3G) telecommunications licences for a minimum of $307 million each. Current 2G services are supplied by Zain Iraq (a unit of Kuwait's Zain), Asiacell (a subsidiary of Ooredoo) and Orange affiliate Korek, who […]
By John Lee. Versar Inc. has announced that the United States Army Corps of Engineers, Middle East District (USACE-TAM) has extended the Company's ongoing Personal Services and Support contract in Iraq by six months. The extension has a ceiling value of $1.5 million and the period of performance runs through August 6, 2014. Versar has […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On Aug. 31, 2013, Iraqi security forces used force to disperse demonstrations organized by activists and intellectuals in Baghdad and other cities to demand the cancellation of privileges and salaries for MPs […]
By Reidar Visser. The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford. 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. With Iraqi political turmoil once more making headlines in the United […]
By John Lee. British-based bank Standard Chartered is to open its first branch in Iraqi Kurdistan early next month, reports Reuters. Chief Executive Officer of Standard Chartered Iraq, Gavin Wishart, told the news agency that the business environment in Kurdistan was "progressive" and described the pace of development as "encouraging". The bank opened its country […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan vs Baghdad: Oil Crisis Not About Money, its About Independence The announcement by Iraqi Kurdistan that they had started exporting oil to Turkey, despite numerous warnings from […]
By John Lee. The National Museum of Iraq in Baghdad may reopen in April, having been closed since being partially damaged and ransacked in 2003. Speaking to Anadolu Agency, museum director Qais Rashid said the museum was being rebuilt with cooperation from Italy, adding that the final step of the planned renovation would be the […]
