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 Cabinet has approved the authorization of the Minister of Higher Education and Scientific Research, who also serves as Chairman of the Iraqi Atomic Energy Commission, to negotiate and sign a cooperation agreement with China on the peaceful applications of nuclear energy. The Ministry of Foreign Affairs has been tasked with […]
By John Lee. The Iraqi Ministry of Oil has reaffirmed its full commitment to the OPEC+ production agreement, including additional voluntary cuts and compensation for excess production. In a statemet on Monday, the Ministry will implement necessary measures to ensure compliance, including submitting an updated plan to offset previous overproduction. This commitment was reiterated during […]
By John Lee. Iraq's Higher Committee for Tax Reform has announced a 22-percent increase in tax revenues, reaching IQD 4 trillion [$3 billion] in 2024, as the country moves towards digitising its tax system to address name duplication issues and improve efficiency. According to state-run Iraqi News Agency (INA), Khalid Al-Jabri, a committee member, stated […]
From the UNDP: UNDP's Report Signal Progress in Prosecutions, Stronger Convictions, and the Need for Continued Justice Reform The United Nations Development Programme (UNDP), in partnership with Iraq's Supreme Judicial Council and with the generous support of the European Union, launched the Second Trial Monitoring Report, a comprehensive view of Iraq's progress in tackling high-level […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq imports over 50 kilograms of gold daily: Ministry Iraq's Development Road has Erbil's "complete support," President Nechirvan Barzani said in Baghdad on Saturday, despite objections that it bypasses the Kurdistan Region. Click here […]
From the International Labour Organization (ILO): Iraq is moving forward to legislate a trade union law in accordance with international labour standards With the participation of a delegation from the International Labour Organization (ILO), and as a significant step towards aligning Iraq's Trade unions law with international labour standards, the Labour and Civil Society Institutions […]
By John Lee. Transparency International has said that Iraq has improved its ranking and score in the global Corruption Perceptions Index (CPI) for 2024. From a total of 180 countries, Iraq came in at number 140, up 14 places on the previous year. This result puts it on equal ranking with Mexico, Nigeria and Uganda. […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Teacher insurrection puts pressure on Kurdish ruling parties Teachers in Iraqi Kurdistan are escalating protests to pressure the Kurdistan Regional Government (KRG) into paying public sector salaries more regularly. Thirteen teachers have been […]
From Education International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: The Unified Retirement Law: A step towards improving retirees' lives and creating job opportunities In a significant step towards achieving social justice and equality among retirees, the Kurdistan Regional Government in Iraq […]
By John Lee. Iraq's Council of Ministers has approved a 40% additional customs duty on imported PET rolls made from polyethylene granules, used in the production of single-use water cups, food containers, and transparent storage products. The measure will be in effect for four years without reduction, with market conditions under review. Key Measures: Customs […]
By John Lee. Iraq has agreed to forgive 80% of Mozambique's bilateral debt, with the remaining 20% restructured over 15 years, following a four-year grace period (2029-2043). The original debt of $60.26 million was incurred in 1979-1980 for oil supply agreements but had grown in the meantime to $320.16 million. Under the agreement, $256.13 million […]
By John Lee. The International Energy Agency (IEA) has published its National Climate Resilience Assessment for Iraq: Key Climate Trends Iraq's warming rate (0.48°C per decade) exceeds the global average (0.37°C). Projected temperature rise: 2.5°C (low-emissions) to 5.6°C (high-emissions) by 2100. More extreme weather: Increased droughts in the north, heavier rainfall in the south. Growing […]
