By John Lee. The Iraqi Ministry of Planning has granted approval for the inclusion of earmarked investment projects in its 2023 budget. The projects encompass allocations such as 1 trillion dinars [$763 million] for Iraq Development Fund projects, 500 billion dinars for projects in the most impoverished provinces fund, 50 billion dinars for Sinjar and […]
From the Fédération Internationale de l'Automobile (FIA). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Bahrain Motor Federation (BMF), under the guidance of President and FIA Vice President for Sport - MENA, His Excellency Shaikh Abdulla bin Isa Al Khalifa, recently organised an […]
By Michael Knights, Hamdi Malik and Crispin Smith, for the Combating Terrorism Center (CTC) at West Point. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's New Regime Change: How Tehran-Backed Terrorist Organizations and Militias Captured the Iraqi State A comprehensive study of the […]
By Aisha Kehoe Down, for the Organized Crime and Corruption Reporting Project (OCCRP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad Airport's Employees Flag Concerns Over Security Company Employees of Canadian company Biznis Intel allege they are owed hundreds of thousands of dollars, […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. TotalEnergies Agreement Smells Filthy Recent information indicates what might be the first scandal of this agreement. The Ministry of Oil (MoO) appears to have given away and for free 31% of actual […]
By John Lee. The Iraqi Drilling Company (IDC) has completed the reclamation of two oil wells in the Khabbaz and Jambur oil fields in Kirkuk. The Khabbaz/45 well was reclaimed using the IDC 206 drilling rig as part of a nine-well reclamation project for the North Oil Company (NOC) in the Khabbaz oil field. The […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21th December 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,547.0 -1.0% 69.9% RSISX USD Index 1,521.2 […]
By John Lee. Dr. Ahmad Anwar, Head of the Kurdistan Region's Integrity Commission (KRIC), has reported that in 2023 the commission diligently investigated a total of 1,010 corruption cases, resulting in 230 cases being forwarded to the courts. Over the past five years, a significant 897 corruption cases have been referred to special tribunals since […]
By John Lee. A team from the International Monetary Fund (IMF) has concluded a visit with Iraqi officials, concluding: Economic activity is recovering, although oil production cuts are weighing on overall growth, and at the same time inflation has declined. The large fiscal expansion in the three-year budget law poses significant risks to fiscal and […]
By John Lee. The Kurdistan Regional Government (KRG) has issued two new guides to investment in the Kurdistan Region of Iraq (KRI): Doing Business In Kurdistan Region: This guide has been prepared to provide an overview of the KRI, it's economy and way of life, and introduces the financial, legal, and tax issues that are […]
The International Organization for Migration (IOM) has provided financing to 2,424 small and medium enterprises (SMEs) across Iraq through its Enterprise Development Fund (EDF) since its initial launch in 2018, helping to create 11,217 new jobs and improve 12,980 already existing jobs for host, returnee and internally displaced communities alike. EDF is an innovative programme designed to […]
By John Lee. The Turkish Foreign Minister, Hakan Fidan, and the Deputy Prime Minister and Foreign Minister, Fuad Hussein, met in Ankara on Tuesday, accompanied by high-level security and military officials from both countries. Talks covered issues related to counterterrorism, security, and water resources, with both sides committing to continue developing relations. The meeting included […]
