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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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) […]
From Human Rights Watch (HRW). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq: Repeal Anti-LGBT Law The Iraqi government should immediately reverse the recently passed law that punishes same-sex conduct and transgender expression with imprisonment, Human Rights Watch said today. The law violates […]
By John Lee. The Iraqi Cabinet has decided to extend the tendering period for the Najaf-Karbala train project by an additional month. According to a statement from the Prime Minister's office, the extension was agreed in the hope of attracting more bids, and to "ensure competition beyond the single offer currently received." (Source: PMO)
By John Lee. Prime Minister Mohammed Shia' Al-Sudani chaired the fifth meeting of the Supreme Council for Youth, discussing and approving several initiatives: The Council launched the National Entrepreneurship Competition, in collaboration with the Riyada initiative, to support 100 youth-led entrepreneurial projects with loans up to 100 million dinars [$76,00] each. Additionally, the Council approved […]
