By John Lee. The state-owned Al-Rafidain Bank has announced the following interest rates: and fixed deposits for the citizens' accounts for the year 2022 in an effort to raise the economic and living standard of the citizen. The interest rate for Savings accounts: 4% for one year. Fixed deposit rate: 4.5% for six months; 5% […]
By John Lee. An Iraqi court has ruled that Hoshyar Zebari is not eligible to run for the position of President. The former foreign minister, who had been accused by some of corruption, said he respected the judiciary's decision, but described it as an injustice. According to the Iraqi News Agency (INA), there are currently […]
By Hayder Al-Shakeri, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's new MPs must unite to achieve genuine change A new generation of independent MPs and parties emerging from the protests in Iraq can reform the country's politics, but only […]
By John Lee. At its regular meeting this week the Iraqi Cabinet approved the recommendation of the Ministerial Council for Energy to proceed with the development project at Haditha refinery. The American company Honeywell UOP is to carry out the work on behalf of the North Refineries Company (NRC). Haditha refinery is situated in Anbar […]
PM Masrour Barzani meets with representative of Deutsche Bahn railway company KRG Prime Minister Masrour Barzani on Thursday met with the representative of the German Deutsche Bahn railway company for Europe and the Middle and Near East. In the meeting, attended by the German Consul General in Erbil, the company's representative briefed the Prime Minister […]
By Nabeel Jabbar Ali Al Tememi, Abdurrahman Ahmad Wahab and Ahmed Tabaqchali, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Business of Education: Examining the Growth […]
By John Lee. Qimmat Al Nidhal Company for Contracting, General Trading, Ltd. has won a contract with the United Nations Office for Project Services (UNOPS) for the "renovation of the Sumerian Gallery at the Iraq Museum in Baghdad." The contract is valued at $541,210. (Source: UNGM)
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will Iraq's exit from EU money laundering blacklist bring investment? The European Union (EU) has removed Iraq from its list of high-risk countries for money laundering and terrorism financing. The delisting will make […]
By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, has received approval from Iraq's Council of Ministers to hire an international law and an international auditing firm to investigate previous contracts at the Bismaya Residential City. According to a statement from the NIC, the firms will "propose a financial model, […]
Major strides made towards Iraq's poultry and tomato sector strategies Iraqi government officials, farmers and business leaders have approved two strategic plans that should help the country enhance its competitiveness, reinforce its productive capacity and ultimately create jobs. Under the auspice of the Ministry of Agriculture, the International Trade Centre (ITC) is facilitating the elaboration […]
By Muhammad Jawad Adib for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Will Iran's electricity cut turn Iraq toward Gulf? Iraq is facing reduced electricity and gas supplies from Iran, which might lead Iraq toward an electricity connection with the […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Influx of foreign workers stokes discontent in Iraq Hundreds of thousands of foreign laborers, mostly from South Asian countries, have migrated to Iraq over the past decade to work in a variety of […]
