By Padraig O'Hannelly. Iraq is experiencing unprecedented stability and security, creating significant opportunities for international businesses, according to Abir Burhan, Company Director of Al-Burhan Group (ABG), speaking at the Iraq Britain Business Council (IBBC) Spring Conference in London. Burhan outlined how the operating environment has transformed dramatically over the past year, with the Iraqi government […]
By John Lee. The European Union (EU) has confirmed it will maintain operational restrictions on Iraqi air carriers following a technical review that found insufficient progress in the country's aviation safety oversight capabilities. Iraqi Airways and Fly Baghdad remain on the EU's banned carrier list, with both airlines subject to operating restrictions imposed in December […]
By John Lee. Iraq's Minister of Higher Education and Scientific Research, Dr. Naeem Al-Aboudi, who also heads the Iraqi Atomic Energy Commission (IAEC), has announced that three sites within the Tuwaitha complex southeast of Baghdad are now confirmed to be free of radioactive contamination. Speaking at a press conference, Dr. Al-Aboudi said the cleared sites […]
By John Lee. Ireland's Tánaiste (Deputy Prime Minister) and Minister for Foreign Affairs, Simon Harris, has confirmed the release on bail of Robert Pether, an Australian engineer resident in Ireland, who has been imprisoned in Iraq since 2021. The announcement comes following a phone call from Iraq's Foreign Minister, Fuad Hussein, who personally informed the […]
By John Lee. Iraq's Second Karkh Investigative Court has recovered 3 billion Iraqi dinars [$2.3 million] in connection with a financial fraud case involving two companies accused of manipulating foreign currency exchange rates through illegal overseas transfers. The companies had allegedly exploited discrepancies in the dollar exchange rate using fraudulent methods to generate profits, in […]
By John Lee. Governor of the Central Bank of Iraq (CBI), Mr. Ali Mohsen Al-Allaq, participated in the opening of the second edition of the Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) Conference, held in Baghdad. Organised by the Central Bank of Iraq, the Union of Arab Banks, and the Iraqi Private Banks League (IBPL), the […]
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a key meeting with representatives from the International Air Transport Association (IATA) to track progress on lifting the European Union's ban on Iraqi Airways. During the session, the IATA delegation and the Head of the Iraqi Civil Aviation Authority (ICAA) presented a detailed update, confirming that […]
By Sinan Mahmoud for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq PM Al Sudani to run in elections with new alliance His sight set on a second term in office, Iraqi Prime Minister Mohammed Shia Al Sudani has unveiled […]
By John Lee. A series of important initiatives have been announced at the 34th Session of the Arab Summit, and the 5th Arab Economic and Social Development Summit, held in Baghdad on Saturday: Arab Food Security Initiative for Grains The Baghdad Initiative to Enhance Arab Cooperation on Environmental and Climate Challenges Arab Initiative to Provide […]
By John Lee. The Iraqi Judiciary has recovered 11 billion dinars [$8.4 million] following a financial fraud case involving a company that illegally profited from currency exchange rate differences through fraudulent overseas money transfers. According to a statement from Iraq's Commission of Integrity, the recovery was led by the Second Karkh Investigation Court, under the […]
By John Lee. Iraq's Council of Ministers has approved the signing of a contract addendum between the Independent High Electoral Commission (IHEC) and South Korean firm Miro to supply biometric cameras for voter verification devices. The cameras will serve as developmental components aimed at resolving cases where voters' fingerprints cannot be recognised on election day, […]
By Ahmed Tabaqchali for The Clingendael Institute. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Misery loves company: Iraq and Iran's electricity and gas dependencies In September 2022, the death of Mahsa Jina Amini marked a major turning point for Iran. The event sparked lengthy […]
