Author Archive | Editor

$500m for Improvement of Public Services in Kurdistan

By John Lee. As part of reform efforts by the Kurdistan Regional Government's ninth cabinet to improve the delivery of public services and foster economic development in the Kurdistan Region, Prime Minister Masrour Barzani (pictured) has announced the government will allocate 736.7 billion dinars [$505 million] for the years 2022 and 2023 in cash and […]

Possible removal of Iraqi Airways from EU Banned List

By John Lee. The European Union is preparing to allow Iraqi Airways planes to operate again within the EU. On Wednesday, the Ambassador of the European Union to Iraq, Ville Varjola, told the Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, of his quest to resolve this issue with the relevant authorities. The airline […]

Are Iraq's Ambitious Oil Production Goals Feasible?

Writing in Oil Price, Simon Watkins argues that while Iraq's plans to increase oil production are, in broad terms, entirely realistic, the extent of Iraq's ultimately recoverable oil resources is subject to a large degree of uncertainty. Click here to read the full article.

UPDATE: Iraq's Finance Minister reportedly Resigns

By John Lee. Iraq's Minister of Finance, Ali Allawi, has reportedly resigned during the Cabinet meeting today (Tuesday). Both Associated Press and Shafaq News Agency cite sources as saying that Prime Minister al-Kadhimi accepted the resignation, and appointed the Oil Minister, Ihsan Abdul-Jabbar Ismail, as Acting Finance Minister. The Prime Minister's statement following the cabinet […]

US Ambassador discusses Money Laundering, Terror Financing

By John Lee. The Governor of the Central Bank of Iraq (CBI), Mustafa Ghaleb Mokhif, received the US Ambassador to Iraq, Alina Romanowski and her accompanying delegation on Monday. He reviewed the efforts of the CBI to support development through monetary policy tools and the direct impact of its initiatives on the real sector progress, […]

KRG Cabinet authorizes 206 Projects in three years

The Kurdistan Regional Government's Ninth Cabinet has implemented several projects and authorized numerous others since assuming office on July 27, 2019. In the past three years, the Cabinet has authorized the implementation of 206 investment projects with a total budget of $11,629,355,000 in different areas of the Kurdistan Region. Crucially, of those 206 projects, 202 […]

Understanding Iraq's Coordination Framework

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Understanding Iraq's Coordination Framework The Coordination Framework is an umbrella bloc of Iraqi Shia parties united mostly by their opposition to the Sadrist movement. Click here to read the […]

Iraq Completes Airport Communication System

By John Lee. Iraq's General Company for Air Navigation Services has reportedly announced the completion and activation of its new AMHS ground-to-ground communications system. AMHS (Air Traffic Services Message Handling Services) is a standard for aeronautical ground-ground communications, such as for the transmission of NOTAM, flight plans or meteorological data. According to the report from […]