By John Lee. The Financial Action Task Force (FATF) has congratulated Iraq for the significant progress made in addressing the strategic deficiencies in the areas of anti money laundering (AML) and countering the financing of terrorism (CFT) identified earlier by the FATF and included in its action plan. Iraq will no longer be subject to […]
One year after the events of Mosul ended in July 2017, the Iraqi Red Crescent teams continue to provide humanitarian assistance to the residents inside the city or to the displaced who face some challenges to return to their homes after their homes have been damaged. After thousands of houses were destroyed, roads and bridges […]
Vulnerable farming families in post-conflict areas in Iraq's Ninewa plains, west of Mosul, will be able to better withstand shocks thanks to a European Union-funded UN Food and Agriculture Organization (FAO) project that aims to increase household income while building, repairing and maintaining local infrastructure and creating communal and public productive assets. The €6 million […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Floating Oil Island will handle Iraq's expected Spurt in Exports The South Oil Co. (SOC) [possibly should be Basrah Oil Company (BOC), as per comment below, - Editor] […]
By John Lee. Iraq and the Kurdistan Regional Government (KRG) will reportedly soon unify customs duties to streamline the system and prevent the double taxation of the Kurdistan Region’s businessmen. According to Rudaw, Erbil and Baghdad have two different customs fees, causing disputes between the two aresa. They previously reached a preliminary agreement on unifying […]
By John Lee. The National Investment Commission (NIC) has announced a new investment opportunity in Iraq: Rehabilitation and Operation of Bentonite Mill, General Company for Mining Industries (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
Reconstruction and recovery in Iraq: Reviving the Spirit of Mosul The ‘Revive the Spirit of Mosul’ Initiative was presented on 30 June 2018 during the 42nd session of the World Heritage Committee. Launched by UNESCO Director-General Audrey Azoulay in February 2018, the Mosul Initiative is conceived in partnership with the Iraqi Government to integrate the […]
By John Lee. Iraq’s Ministry of Oil has announced interim oil exports for June of 105,640,160 barrels, giving an average for the month of 3.521 million barrels per day (bpd), an increase from the 3.490 bpd exported in May. These exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan. Revenues for […]
By John Lee. Iraq’s Ministry of Oil has announced final oil exports for May of 108,175,920 barrels, giving an average for the month of 3.490 million barrels per day (bpd), an increase from the 3.340 bpd exported in April. These exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan. Revenues for […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The mandate for Iraq's parliament has expired - with no new leadership confirmed. The country's still waiting for the results of a manual recount of suspect ballots from last month's election. That's due […]
A total of 76 Iraqi civilians were killed and another 129 injured in acts of terrorism, violence and armed conflict in Iraq in June 2018*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The figures include ordinary citizens and others considered civilian at the time of death or injury, […]
Combined Joint Task Force Operation Inherent Resolve and its partners have continued to attack Islamic State of Iraq and Syria targets in designated parts of Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported today. Between June 25-July 1, coalition military forces conducted 29 strikes, consisting of 39 engagements, in Iraq and […]
