Dr. Mohammad Shukri Mohammad Saeed, head of the Kurdistan Region Investment Board, has made an announcement regarding housing units for low-income earners, stating that they will be ready for occupancy by the middle of next year. During an interview with the official website of the Kurdistan Regional Government, Dr. Saeed shed light on the lengthy […]
By Sinan Mahmoud for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqis banned from dealing in US dollars The Iraqi Interior Ministry has banned people from dealing in US dollars in the latest move by authorities to control a fluctuating […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has held talks in recent days with representatives of business interests from several countries: On Monday, the Prime Minister received the President of the US-Iraqi Business Council, and the Vice President of the American Chamber of Commerce for Middle East Affairs, Mr. Steve Lutes. The meeting […]
By John Lee. US President Joe Biden has extended for one year the national emergency with respect to the stabilization of Iraq, declared in Executive Order 13303 in 2003. Full text of the President's statement: On May 22, 2003, by Executive Order 13303, the President declared a national emergency pursuant to the International Emergency Economic […]
By John Lee. Iraq's Minister of Oil has invited international companies to bid to develop new oil fields, in what is being described as an annex to the Fifth Licensing Round. This round includes 13 exploration fields and sites distributed across the northern, central, and southern provinces. The announcement complements the Ministry's previous declaration in […]
By Kaloyan Vassev for the Bulgarian News Agency (BTA). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Ministry of Economy: 87% Growth in Trade Between Bulgaria and Iraq Trade between Bulgaria and Iraq grew by 87% in 2022, said Deputy Minister of Economy […]
By John Lee. Saudi Arabi'a Arab National Bank (ANB) has announced an investment of $38.2 million to create Arab Bank Iraq. ANB will have a 20-percent stake in the new bank. The full statement from ANB is as follows: Arab National Bank announces the approval of the Board of Directors on 14/5/2023 after obtaining the […]
From the Iraq Britain Business Council (IBBC): IBBC and dignitaries attend first UK-Iraq trade fair at new Al Burhan conference centre. The new Al Burhan conference centre was the venue for the first UK-Iraq Trade fair. Attended by dignitaries including the Ex Prime Minister Mr Haider Al Abadi, senior aviation advisor to the Prime Minster […]
By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has announced the appointment of Garrett Soden as President and Chief Executive Officer (CEO), to replace Dr. Adel Chaouch effective immediately. Mr. Soden will also join ShaMaran's board of directors. According to a statement from the company, Mr Soden has extensive experience as a […]
By John Lee. The Prime Minister Mr. Mohammed S. Al-Sudani has received the President of the US-Iraqi Business Council, and the Vice President of the American Chamber of Commerce for Middle East Affairs, Mr. Steve Lutes. The meeting covered various topics including economic, financial, and health cooperation, as well as energy and environmental partnerships between […]
By John Lee. The Governor of Central Bank of Iraq (CBI), Dr. Ali Mohsen Al-Alaq, has met with a delegation of experts from the International Finance Corporation (IFC), affiliated with the World Bank, led by Mr. Marcel Rashid. The meeting focused on enhancing the relationship between the Central Bank of Iraq and the IFC, and […]
By John Lee. Dr. Hamid Naim Al-Ghazi, the Secretary General of the Council of Ministers, has met with the company responsible for executing the Ur tourist city project to discuss progress. Emphasizing the city's potential as a global tourist attraction, the Secretary-General highlighted the planned facilities, including a theater, interfaith dialogue center, cultural center, museum, […]
