Archive | 2024

Iraq, UK Launch Academic Bridge Program

By John Lee. Iraq's Minister of Higher Education and Scientific Research has launched the Academic Bridge Program between Iraq and the United Kingdom. Dr. Naim Al-Aboudi presented an official copy to the British Council during the Iraq-UK Higher Education Dialogue in London. In his speech, Dr. Al-Aboudi highlighted the broad and diverse collaboration opportunities between […]

Italian Firm Exempted from Iraq Registration Requirements

By John Lee. The Iraqi Cabinet has approved exempting the Italian company GKSD from the registration requirements outlined in the amended Foreign Companies Branches System (2 of 2017). The Cabinet also approved funding the equipment and management contract for the Internal Security Forces Hospital from the budget of the Internal Security Forces Care Affairs Directorate, […]

KPMG Begins Audit of Iraqi Mobile Phone Operators

By John Lee. Dr. Ali Al-Moayyed [Ali Hussein al-Moayad], Chairman of Iraq's Communications and Media Commission (CMC), has announced that KPMG has started auditing the revenues of mobile phone companies operating in Iraq from 2017 to 2022. According to a press release from the CMC, this initiative aims to enhance transparency, combat tax evasion in […]

Contention over Shiite Holiday in Iraq

From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Contention over Shiite holiday highlights sectarian, intra-Shiite contests in Iraq In Iraq, a proposal to make Eid Al-Ghadir -- a pivotal annual event for Shiite Muslims -- an official holiday is fueling both […]

Iraq Launches Loan Program for Industrial Projects

By John Lee. Iraq's General Directorate for Industrial Development (GDID) has launched a new loan mechanism for small, medium, and micro enterprises (MSMEs). The loans are made in conjunction with the Central Bank of Iraq (CBI), and can be worth up to 20 million Iraqi dinars ($15,000) per loan. Dr. Ali Ibrahim Janaan, Director General […]

Iraq Development Fund Discusses Projects

By John Lee. The Iraq Development Fund Board, chaired by Prime Minister Mohammed Shia' al-Sudani, held its third meeting on Monday in the presence of the Minister of Finance, the Minister of Planning, and the Minister of Construction, Housing, Municipalities, and Public Works. The meeting discussed the projects included in the Fund's work plan, attracting […]

Increased Capacity at Iraqi Refineries

By John Lee. Oil Minister Hayyan Abdul Ghani commended the recent achievements in the refining sector during his visit to the Midland Refineries Company (MRC) on May 21, 2024. Accompanied by Deputy Minister for Distribution Affairs Ali Maarij, Abdul Ghani acknowledged the ministry and companies' efforts in adding 360,000 barrels per day of refining capacity […]

Iraq Britain Business Council (IBBC) welcomes New Member

By John Lee. The Iraq Britain Business Council (IBBC) has announced the addition of MHDInternational to its network. According to a statement from IBBC: "MHDInternational, an engineering consultancy with operations throughout UK and the Middle East, joins IBBC in our mission to promote sustainable development and economic growth in Iraq ... "MHDInternational is also introducing […]

Biden extends Iraq National Emergency Declaration

By John Lee. US President Joe Biden has continued the national emergency with respect to the stabilization of Iraq declared in Executive Order 13303 for 1 year. The order had been due to expire on 22nd May 2024. Full statement from The White House: On May 22, 2003, by Executive Order 13303, the President declared […]

Jiyad: Disappointment at Latest Energy Licensing Round

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Latest Combined Licensing Round- Disappointment for Al-Sudani Government and a Huge Economic Burden Absolutely Unjustified For three consecutive days (May 11-13), the Ministry of Oil (MoO) organized the "Fifth Plus" and […]

Biznis Intel "Dismisses Director" at Baghdad Int'l Airport

From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Biznis Intel dismisses director amid corruption scandal at Baghdad International Airport Biznis Intel, the company responsible for securing all facilities at Baghdad International Airport, has announced the dismissal of its authorized director ... Click […]

Fly Erbil to launch Erbil-London Route

By John Lee. Fly Erbil has said it is planning to launch direct flights between Erbil and London from 31st May. Initially there will be one flight per week (Friday), with plans to increase later to two flights per week. The flight between Erbil and London has a two-hour stopover at Plovdiv International Airport (PDV) […]