By John Lee. Iraq's National Investment Commission (NIC), in cooperation with the United Nations Development Programme (UNDP), has held a workshop to discuss the first phase of Iraq's National Climate Investment Plan (CIP) for 2025-2030, which was launched in July. The meeting in Baghdad was attended by international organisations, diplomatic missions, the Ministry of Environment, […]
By John Lee. Iraq has signed a contract to establish its first government data centres for commercial use. The agreement was signed in Baghdad between the General Company for Communications and Informatics and the Finnish company Nokia. The project will see the construction of two centres, located at the Intisar and al-Rashid (al-Sinak) exchanges. Minister […]
By John Lee. The Iraqi Council of Representatives has voted to authorise the Minister of Finance, or her delegate, to negotiate and sign - either definitively or at initial stage - the draft law ratifying the Agreement on the Avoidance of Double Taxation and the Prevention of Tax Evasion with respect to taxes on income […]
By John Lee. Iraq's Ministry of Trade has held an expanded meeting, chaired by Hashim Mohammed Hatem, Director General of the General Company for Car and Machinery Trade, to discuss preparing a study aimed at reducing car imports in line with comments from the Ministerial Council for Economy. The meeting was part of the work […]
By John Lee. The US Department of State has designated four Iraqi groups as Foreign Terrorist Organizations (FTOs), describing them as Iran-aligned militia groups (IAMGs): Harakat al-Nujaba; Kata'ib Sayyid al-Shuhada; Harakat Ansar Allah al-Awfiya; and Kata'ib al-Imam Ali. Full statement from the US Department of State: The United States remains committed to countering Iran, the […]
By John Lee. Hiwa Rauf for Investment & Development (HRID) and the International Finance Corporation (IFC), a member of the World Bank Group, have signed a financing partnership mandate for Downtown Slemani, Iraq's first certified sustainable mixed-use real estate development. The agreement was announced during IFC Partnerships Day in Iraq, held under the patronage of […]
By John Lee. Iraq's State Oil Marketing Organisation (SOMO) reportedly announced on Tuesday that it has concluded all contracts and obligations with buyers of oil produced in the Kurdistan Region. The company emphasised that resuming exports from Kurdistan would restore Iraq's role as a key supplier to the European market. SOMO Director General Ali Nizar al-Shatri […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has inaugurated the Al-Nisour Square development project in Baghdad, part of the government's first package of traffic decongestion initiatives in the capital. The project was executed by China's Transtech Engineering Corporation, an independent legal entity of China Railway International Group, which in turn is described as […]
By John Lee. National Security Advisor Qasim al-Araji met on Tuesday with Russian Security Council Secretary Sergei Shoigu and his accompanying delegation, in the presence of the Russian Ambassador in Baghdad. Al-Araji welcomed the visit, noting that Iraq is pursuing wider cooperation with all countries to serve mutual interests. Discussions focused on strengthening bilateral relations […]
From XTransfer. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. IQD Myths and Realities What the Future Holds for Dinar Investors Many investors think the dinar is a way to get rich fast. But some people worry they might lose money. The iraqi currency […]
From the European Bank for Reconstruction and Development (EBRD): The European Bank for Reconstruction and Development (EBRD) is welcoming Iraq as a country of operation. In parallel, Catarina Bjorlin Hansen has been appointed as the Bank's first Head of Iraq. Ms Bjorlin Hansen will be responsible for EBRD investments and operations in the country and report […]
IFC Marks 20 Years of Partnerships for Impact in Iraq, Announces $1bn in New Investments The International Finance Corporation (IFC), a member of the World Bank Group, held an IFC Partnerships Day in Baghdad on Saturday, under the patronage of His Excellency Mr. Mohammed Shia' al-Sudani, Prime Minister of Iraq, to mark two decades of […]
