From Education International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: The Unified Retirement Law: A step towards improving retirees' lives and creating job opportunities In a significant step towards achieving social justice and equality among retirees, the Kurdistan Regional Government in Iraq […]
By John Lee. Hilal Al-Iraq Al-Muntazar General Contracting Limited Liability Company has won an Engineering Design and Construction contract with the United Nations Assistance Mission for Iraq (UNAMI) for "paving access roads in Basra." Contract value is stated as $551,475. See our Comprehensive Guide to Construction Equipment in Iraq here. (Source: UNGM)
By John Lee. The Kurdistan Regional Government (KRG) has issued an update on its environmental protection initiatives: Key Developments: 14,390 environmental permits issued in the past five years. 25,000+ projects monitored for compliance, with penalties imposed for violations. Illegal refineries shut down under PM Masrour Barzani's directive. Eight new dams completed, with more under construction […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq, Syria set to resume trade with new joint border crossing Hassan Sheikh, chairman of the Iraqi-Syrian Commerce Council, confirmed that Iraq has finalized its preparations and requested Syria to implement the necessary border […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 13th February 2025. 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 2,250.5 0.2% 0.05% RSISX USD Index […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has launched the Residential City Development Project in Nahrawan, Baghdad, covering 24,197 donums [approx 6,000 hectares, 15,000 acres], to provide serviced residential plots for Ministry of Defense personnel. The project is being managed by Dubai-based World Legend Contracting. During the ceremony, the Prime Minister also handed […]
By John Lee. Iraq's Council of Ministers has approved a 40% additional customs duty on imported PET rolls made from polyethylene granules, used in the production of single-use water cups, food containers, and transparent storage products. The measure will be in effect for four years without reduction, with market conditions under review. Key Measures: Customs […]
By John Lee. Iraq has agreed to forgive 80% of Mozambique's bilateral debt, with the remaining 20% restructured over 15 years, following a four-year grace period (2029-2043). The original debt of $60.26 million was incurred in 1979-1980 for oil supply agreements but had grown in the meantime to $320.16 million. Under the agreement, $256.13 million […]
By John Lee. Germany's Frankfurt School of Finance and Management has won a contract with the International Labour Organization (ILO) to, "enhance the operational efficiency and effectiveness of the Iraqi Company for Bank Guarantees (ICBG)." The contract value was not disclosed. According to information provided by the UN, the project has four primary objectives: Optimize […]
By John Lee. The Iraqi Ministry of Industry and Minerals has secured government approval to establish a fully integrated phosphate fertilizer complex in Anbar and a sponge iron plant in Basra, marking what it describes as a major step in reviving the country's strategic industries. According to a ministry statement, the Higher Committee for Reconstruction […]
By Jon Wilks CMG, Former UK Ambassador to Iraq, for the Iraq Britain Business Council (IBBC): British business heightened interest in Iraq following visit of Prime Minister Al Sudani to London Iraq in 2025 continues a steady and sustained recovery based on greater stability, strong oil revenues, staying out of regional conflicts and accelerating reconstruction. […]
By John Lee. Standard Chartered has successfully arranged a $95-million term loan for the Iraqi Ministry of Finance, supporting the supply of five electrical substations across northern and southern Iraq. The financing, backed by a 100% UK Export Finance (UKEF) guarantee, covers both political and commercial risks. The Ministry of Electricity will use the funds […]
