Iraq Business News brings you the latest Iraqi politics news, keeping you up to date with the latest information and developments.
By John Lee. The Iraqi Government has said it will exempt small- and medium-sized businesses (SMEs) from income tax for ten years. In a statement, it said: "The government announced a draft amendment to Income Tax Law No. 113 of 1982 to exempt several groups on low-income from paying income tax. "The proposed amendment also […]
By John Lee. The Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Adil Abd Al-Mahdi. It authorised the Ministries of Education, Higher Education and Scientific Research, other ministries, public bodies and local councils to recruit holders of post- graduate degrees, and to exempt this round of recruitment […]
By John Lee. The Iraqi Government has announced a reduction in the retirement age. In a statement, it said: "The Iraqi government is also proposing amending Retirement Law number (9) of 2014 to include: Reducing the retirement age for all state employees to 60 years, except for those working in the university sector where the […]
A special report, prepared by the Human Rights Office of UNAMI, outlines key human rights concerns regarding the demonstrations that occurred in Iraq from 1 to 9 October 2019. UNAMI’s interim findings indicate that serious human rights violations and abuses have been committed during the recent protests. The report contains a set of recommendations and […]
By John Lee. An Iraqi parliamentary delegation headed by Dr. Bashir Khalil Al-Haddad met in London last week with Baroness Emma Nicholson, President of the Iraq Britain Business Council (IBBC). In discussion with members of the Council, they exchanged views on the expansion of foreign investment in Iraq, as well as further cooperation between Iraqi […]
By John Lee. The Iraqi Government has announced new measures intended to stimulate job creation in the electricity distribution industry. In a statement, it said: "Training courses lasting for 3 months or longer in the area of maintenance of electrical transformers used in the electricity distribution sector in Iraq. The courses will be tailor-made for […]
Iraq’s parliament has announced that it is postponing the holding of its sessions until the end of the protests that have swept through the country in recent weeks, repealing the parliament’s former decision that it will meet after the Shia Arbaeen pilgrimage ends. On Saturday, the parliament’s Legal Committee confirmed that the House of Representatives […]
By John Lee. Fair competition is needed to economically empower women in the Arab world Female labor force participation levels in Arab countries are the lowest in the world, despite the rising educational attainment of women reaching working age, according to an article from the Middle East Institute. Rabah Arezki, Ferid Belhaj argue that young […]
By Amnesty International. Iraq: Stop security forces from threatening, forcibly disappearing and abusing activists The Iraqi authorities must immediately end a relentless campaign of intimidation and assault against activists in Baghdad and reveal the whereabouts of others, among them a doctor and a lawyer forcibly disappeared more than 10 days ago, Amnesty International said on […]
By John Lee. Iraq's (Caa1 stable) credit challenges include very weak institutions and governance that limit policy effectiveness, constrain the government's capacity to respond to external and domestic shocks and weigh on economic competitiveness, Moody's Investors Service said in a report this week. It says last year's improvement in the fiscal and external balances was […]
By John Lee. The US has granted Iraq another 120-day waiver from its sanctions on Iran. According to S&P Global, a State Department spokesman said the waiver ensures that Iraq is able to meet its short-term energy needs while it takes steps to reduce its dependence on Iranian energy imports. (Source: S&P Global)
The Iraqi cabinet has sacked 61 officials over recent protests that killed more than 100 people and injured thousands earlier this month, Anadolu reports. Leaked documents obtained by Anadolu Agency showed that the decision was taken during a cabinet meeting on Oct. 14. Protests rocked the capital Baghdad and southern provinces earlier this month against […]
