From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. 'Secret' salary increase in Iraq's parliament stokes public outrage Reports that Iraq's parliament has quietly expanded the privileges of lawmakers has broken open a firestorm of public recrimination. Opposition MPs and activists accuse […]
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, chaired a meeting of the High Committee for Tax Reform on Thursday. The committee reviewed the implementation of various government reform measures that led to a 22% increase in tax revenues as of early August, compared to the same period last year. Al-Sudani emphasized that tax […]
By John Lee. 1001 Media has announced a co-exclusive broadcasting partnership that will bring Spain's LALIGA EA Sports to football fans across Iraq. Starting with the 2024/25 season, 1001 has secured co-exclusive rights to stream all 380 matches live and on-demand in full HD (1080p) on supported devices. In a statement, 1001 Media said: "This […]
By John Lee. Lufthansa has announced the resumption of flights to Erbil and Amman from Tuesday 27th August. Flights to these destinations, and to Beirut, Tel Aviv and Tehran, had been suspended due to what the German airline described as "exceptional circumstances in the region." Flights to Beirut, Tel Aviv and Tehran, remain suspended, while […]
By John Lee. UK-based Hydro-C has won a contract to design and supply a solar power plant for Basra Oil Company (BOC) at Iraq's Majnoon oil field. The plant will be supplied from the UK and installed in Iraq. According to a statement from the Iraq Britain Business Council (IBBC), of which Hydro-C is a […]
By Alex Kimani for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. BP To Develop Iraq's Kirkuk Oil Fields On Profit-Sharing Model British oil and gas giant BP Plc (NYSE:BP) will develop Iraq's Kirkuk oil and gas fields based on a profit-sharing model […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani inaugurated the first phase of the Ur Tourist City project in Dhi Qar, which includes the construction of a cultural center, an open-air Sumerian theater, a closed Ur theater, a religious dialogue center, and an administrative building. Al-Sudani also announced the start of several strategic projects, including […]
By John Lee. A new 50-bed hospital has opened in Dhi Qar. Al-Bathaa Hospital, completed as part of the Dhi Qar Reconstruction Fund, includes fully-equipped wards for children and women, as well as modern oxygen and medical gas systems. Prime Minister Mohammed Shia Al-Sudani inaugurated the new facility during his visit this week to Dhi […]
By John Lee. OPEC, the Organization of the Petroleum Exporting Countries, has published a revised compensation plan relating to over-production of oil in the first seven months of 2024. The new plan (see below) compensates for over-production from January to July (inclusive), with compensation taking place from this month (August 2024) to September 2025. It […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani inaugurated Nasiriyah International Stadium in Dhi Qar province, marking the start of several projects in the area. The stadium, which has capacity for 20,000 spectators, is part of the Dhi Qar Reconstruction Fund. According to a statement from the Prime Minister's Office, the stadium was completed ahead […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 22nd Aug 2024). Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed on Aug. 25, 2024 (Sunday) due to a religious holiday (The fortieth of Imam Hussein). The next trading session […]
At the moment, buying off-plan properties in Dubai is irresistible even to the most inexperienced of investors. The buoyant real estate sector, positive economic outlook, and a plethora of infrastructural projects strengthen Dubai's position as a preferred location for property investment. This article explores off-plan market potential in Dubai focusing on prime areas with references […]
