By John Lee. The Iraqi government has said it intends to extend pension rights and other benefits to public sector employees on short term and daily contracts. At a cabinet meeting in Baghdad on Tuesday, Prime Minister Adil Abd Al-Mahdi told the Cabinet that the government intends to introduce measures to give public sector employees on […]
Even after the military defeat of ISIS, the Netherlands will continue working to ensure security and stability in Iraq and the wider region. Foreign minister Stef Blok made this point during his trip to Jordan and Iraq. ‘We have to do this to prevent ISIS from regaining strength,’ he said. Since the Netherlands joined the […]
By Michael Knights, for the Combating Terrorism Center. The Islamic State Inside Iraq: Losing Power or Preserving Strength? In addition to losing control of Iraqi cities and oilfields, the Islamic State has clearly lost much of the capability it developed within Iraq from 2011-2014. Quantitative attack metrics paint a picture of an insurgent movement that […]
By John Lee. The State-owned Trade Bank of Iraq (TBI) is reportedly looking to acquire a lender in Turkey, the country's biggest trade partner, after abandoning a previous attempt. Chairman Faisal Al Haimus is quoted by The National as saying that the TBI is keen on a conventional bank rather than a Sharia-compliant bank, but […]
The central banks of Iran and Iraq are finalizing negotiations to begin trade in their own currencies, chairman of Iran-Iraq Chamber of Commerce said. Speaking to Tasnim, Yahya Ale-Eshaq said negotiations between the central banks of Iran and Iraq are under way to reach an agreement on using rial and dinar in bilateral trade. Once […]
Iraqi religious leaders have laid the cornerstone to rebuild Mosul's landmark Al-Nouri Grand Mosque, which was blown up in the battle with Daesh terrorists in 2017. The mosque and its iconic leaning minaret were built in the 12th century. Iraqi forces defeated the terror group in the last of its urban strongholds last year, recapturing […]
By John Lee. Two companies have won tenders to supply "Hook & Line equipment and Metal Detectors" to the United Nations Office for Project Services (UNOPS) in Iraq. The contract with South Africa-based LVP Technology is valued at $608,292, while the contract with Monaco-based MKG sarl is valued at $144,845. (Source: UNGM)
By John Lee. A report from UK-based newspaper The Guardian says that British Government-backed projects to tackle the aftermath of the war in Iraq have been hindered by the UK’s continuing “hostile” immigration policy. It cites the example of a civil service training scheme involving a £330,000 contract between the General Company for the Ports […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Restraining the Game-Changer: A Decade of Uneven Development in Iraq Petroleum Sector The development of the Iraqi petroleum sector during the period 2008-2018 represents, from all related aspects, a distinct phase in […]
His Excellency Prime Minister Adil Abd Al-Mahdi expressed his country's pride in the level of relations with Japan, commended the Japanese government for its support in the fields of security, stability, reconstruction projects, economic and cultural cooperation. His Excellency said during his reception to the Japanese Prime Minister's Special Adviser Kentaro Sonoura and his accompanying […]
By John Lee. More than 100 top executives from more than 50 US companies visitied Iraq last week as part of a US-Iraq trade mission. Steve Lutes, vice president of Middle East Affairs at the U.S. Chamber of Commerce, said: "We want to expand and diversify the US involvement in commercial activity [in Iraq] ... […]
Ms. Jeanine Hennis-Plasschaert assumed her responsibilities today as Special Representative for Iraq of the United Nations Secretary-General and Head of the United Nations Assistance Mission for Iraq (UNAMI), pledging continued UN support for Iraq in its post-conflict recovery. “I am delighted to be here in Baghdad and ready to get down to work. We will […]
