From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Mosul old city properties rapidly being bought up: residents Locals in Mosul say people from Iraq's southern provinces are buying up historical houses and property in the war-devastated old city at an alarming rate. […]
By John Lee. ShaMaran Petroleum has reported in connection with the Company's 12% senior unsecured bonds due 2023 (ISIN: NO 001082645.6) that the Company has purchased Bonds in the market at commercially attractive rates. As a result, Bonds in the principal amount of $4.95 million have been retired. The Company's Bond amortization payment due in […]
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq is banning some food imports in an attempt to support its own farmers. But there are doubts over whether the move will help local production. Simona Foltyn reports from Baghdad:
By John Lee. Rusafa Criminal Court has sentenced an employee at the Taxes Public Commission to two years of "severe imprisonment" on a charge of bribery. Iraq's Supreme Judicial Council said the man was found guilty of taking IQD18 million from a merchant in order to reduce taxes. (Source: Iraq Supreme Judicial Council)
By Adam Lucente for Al Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Kurdistan region sticks with AstraZeneca vaccine, reports no issues Kurdish authorities say they will continue administering the vaccine following the European Union's conclusion that blood clots should be listed […]
Japan Invests Additional US$ 607,500 for Life-Saving Maternal and Protection Services The Government of Japan approved an additional US$607,500 to support the continuation of reproductive health and gender-based violence-related services provided by UNFPA. In 2020, Japan contributed US$ 1.3 Million to increase the utilisation, access, and continuation of life-saving, survivor-centred, multi-sectoral gender-based violence and sexual […]
Headway's grant scheme builds resilience during pandemic: 56 companies supported, 700 jobs created The Headway Programme's Job Creation in KRI grant scheme has contributed to building resilience in the Kurdistan Region of Iraq (KRI) during the global health pandemic caused by COVID-19. Concluded on 31 March 2021, the project supported 56 companies and created over […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th April 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD969 (+7.4%) / $855 (+6.7%) (weekly change) (+33.6% and +29.0% YTD change, respectively). The number of week traded […]
By John Lee. Iraq's Federal Court of Cassation has ratified the imprisonment of a former director of the Customs Center at Najaf Airport. According to the Commission on Integrity, the director took money to allow the smuggling of 400 boxes of medicine through the airport. (Source: Commission on Integrity)
By John Lee. At a meeting on Tuesday, the Iraqi Cabinet approved the Independent High Electoral Commission (IHEC) decision to pay the German company Hensoldt to inspect the software running the country's electoral systems. The company, which has 5,600 employees, describes itself as "a pioneer of technology and innovation for defence and security electronics." General […]
By John Lee. Iraq's Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. The Prime Minister addressed the developments in Dhi Qar province, and confirmed that, following consultations with key stakeholders, a new governor has been appointed to run the province and his name will be announced shortly. He […]
By Joe Snell for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq passes $89 billion federal budget bill The budget confronted issues of unemployment, currency devaluation and non-oil revenues and was passed as lawmakers prepare for October's general election; the […]
