By John Lee. Iraq's National Investment Commission (NIC) Chairman, Dr. Haider Mohammed Makiyya, announced the signing of the Investment Protection and Promotion Agreement with Saudi Arabia on November 24, 2024. The agreement, finalized ahead of the 28th World Investment Conference in Riyadh, aims to create a secure environment for Saudi investors in Iraq, supported by […]
By John Lee. The Kurdistan Regional Government (KRG) has issued a statement following its arbitration win in a dispute with Genel Energy. Genel announced last week that a British court had dismissed its claim for damages from KRG for loss of Genel's rights to develop the Bina Bawi and Miran fields in Iraqi Kurdistan. According […]
By John Lee. Iraq's Minister of Trade, Mr. Atheer Daoud Al-Ghurairi, emphasized the government's dedication to advancing economic, trade, and investment relations with Greece during his meeting with Mr. Dimitris Skalkos, Secretary-General for International Economic Relations at the Greek Ministry of Foreign Affairs, and Greek Ambassador to Iraq, Mr. Georgios. Key Highlights of the Meeting: […]
By John Lee. Greece's Aegean Airlines has announced a new direct route between Athens Airport to Erbil International Airport in Iraqi Kurdistan. Flights will commence on 23rd February and operate twice a week, every Wednesday and Sunday. (Source: Aegean Airlines)
By Charles Kennedy for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Parliament Ends Year With No Kurdistan Oil Deal The Iraqi parliament ended this year's session without finalizing a deal with the semi-autonomous region of Kurdistan for the exports of crude […]
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makiyya, held a meeting with Adham Al-Fakhar, Chairman of the Iraqi-French Business Council, and its members to discuss promising strategic investment projects. Dr. Makiyya emphasized the NIC's commitment to advancing a forward-looking investment policy that prioritizes innovative projects to strengthen Iraq's […]
By John Lee. Iraq's Commission of Integrity has announced a court ruling sentencing Suha Dawood Elias Al-Najjar, former Chair of the National Investment Commission (NIC), to seven years in prison. The charges relate to alleged unlawful wealth accumulation and illicit gains. The Central Anti-Corruption Criminal Court issued the verdict in absentia, finding Al-Najjar guilty of […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has launched the Baghdad Sustainable Forests Project, which will be developed on the former Al-Rashid Camp. Area: Over 1,200 hectares (approximately 4,800 dunams; 3,000 acres). Economic Impact: Expected to generate 80,000 job opportunities. Significance: First project of its kind in Iraq and the region in terms of […]
By John Lee. The Ministry of Planning (MoP), in collaboration with the International Labour Organization (ILO), UN-Habitat, and the International Trade Centre (ITC), hosted the first Steering Committee Meeting of the Building Equitable and Inclusive Transformation (BEIT) Towards Decent Work and Affordable Housing in Iraq project, funded by the European Union (EU). The BEIT initiative […]
By John Lee. The Chairman of the National Investment Commission (NIC), Dr. Haider Mohammed Makiyya, has announced the signing of a pivotal addendum to the contract for the Bismaya Residential City project. The agreement focuses on: Implementing Infrastructure and Social Services: Ensuring essential facilities and public services in the city. Completing 70,560 Housing Units: Resuming […]
By John Lee. Front Line Defenders, an international NGO based in Ireland with special consultative status with the Economic and Social Council of the United Nations (ECOSOC), has prepared a report on human rights in Iraq. The report is prepared for the 46th session of the Working Group on the Universal Periodic Review (UPR), overseen […]
From the International Centre for Migration Policy Development (ICMPD). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Quality-assured training on sustainable reintegration in Iraq ICMPD hosted the first training on Reintegration for Migration Policy Makers and Programme Professionals in Baghdad, for senior officials from […]
