By John Lee. A US-based arts-and-crafts retailer has agreed to pay a $3 million fine for illegally importing thousands of ancient Iraqi artifacts smuggled into the US through the United Arab Emirates (UAE) and Israel. in December 2010, Hobby Lobby executed an agreement to purchase over 5,500 artifacts, comprised of cuneiform tablets and bricks, clay […]
By John Lee. The United Nations has advertised new positions in Iraq: Procurement Assistant, United Nations Assistance Mission for Iraq (UNAMI) National Emergency Preparedness and Response Officer, United Nations Assistance Mission for Iraq (UNAMI) Human Resources Assistant, United Nations Assistance Mission for Iraq (UNAMI) Human Settlements Officer, United Nations Human Settlements Programme Technical Officer, World […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Finance Coordinator, Médecins du Monde General Coordinator, Médecins du Monde Humanitarian Programs Team Leader, Mercy Corps Finance Director, Mercy Corps Facilitator, World Vision Project Coordinator, World Vision Team Leader, World Vision Roving Logistics Coordinator, Oxfam Call Centre Operator, United Nations Office for […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Mid-year Assessment of Oil Export Revenues and Budgetary Implications Iraqi data on oil exports and generated revenues for the first half of 2017 provide the material evidence to assess the impacts of […]
Deloitte Middle East (DME) has launched a guide to doing businesss in Iraq. The “Doing business guide - Understanding Iraq’s tax position” addresses the key tax considerations for doing business in Iraq, alongside key economic, industry and market drivers which impact starting up a business there. The complexity of tax compliance in Iraq has grown […]
By John Lee. Norway's DNO has reported receipt of $40.66 million from the Kurdistan Regional Government (KRG) as payment towards April 2017 crude oil deliveries to the export market from the Tawke license. The funds, to be shared pro-rata by DNO and partner Genel Energy, include $34.10 million towards monthly deliveries and $6.56 million towards […]
By John Lee. Kuwait's Ministry of Finance and Kuwait Airways Corporation (KAC) are reported to have been coordinating efforts to receive $500 million from Iraqi Airways. The money is scheduled to be paid in one or two tranches over the next few months. According to Arab Times, an initial agreement for Iraq Airways to pay $300 […]
By John Lee. Russia’s Uralvagonzavod (UVZ) will supply 73 of its T-90S/SK tanks to Iraq this year, according to information from the corporation's 2016 annual report, published on Tuesday, According to the report from TASS, T-90S is an export variant of the Russian-made T-90 third-generation main battle tank, while the T-90SK main battle tank is designed […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Wednesday, conducting 34 strikes consisting of 93 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
By Padraig O'Hannelly. Following the success of his first article on the Iraqi Stock Market, we are delighted to announce that Ahmed Tabaqchali (pictured) has joined the Iraq Business News Expert Blogger panel. Ahmed is the Chief Investment Officer of Asia Frontier Capital's Iraq Fund, and is an experienced capital markets professional with over 25 […]
More than 300 delegates attended a major Iraqi business event in London on Monday and Tuesday. The Iraq Conference for Trade and Investment (ICTI) was intended to highlight Iraq’s openness for business as it rebuilds its infrastructure and institutions, and it facilitated face-to-face discussions with key decision makers, Iraqi and British ministers, and business people and […]
The Iraq Britain Business Council (IBBC) has announced that several new companies have joined the Iraq Britain Business Council in 2017, each of which are underpinned by strong reputations for innovation, reliability and a commitment to investing in Iraq. Al Ratba’a Contracting Company, Al-Burhan Group, Iraq Star Group, Serco, Shamara Holding, Cresent and Rolls Royce […]
