PM Pushes for Financial Reform, Actions Against Speculators
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting on Monday focused on comprehensive reforms for Iraq's financial and banking sector, attended by key figures including the Minister of Finance and the Governor of the Central Bank of Iraq (CBI). Al-Sudani stressed the need for stricter oversight of financial transfers and actions […]
Eight New Public Transport Routes in Baghdad
By John Lee. The Iraqi Ministry of Transport has introduced eight new public transport routes in Baghdad, aimed at serving students at Al-Bayan University. The initiative, launched by Minister Razzaq Muhaibis Al-Saadawi, aligns with the start of the academic year and includes routes covering key areas of the capital. Line 1 (Adan Square - Al-Bayan […]
Iraq introduces new Euro-Based Transfer Mechanism
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alaq, met with Turkish Ambassador Anil Bora Inan and representatives of Turkish banks operating in Iraq to discuss a newly implemented financial transfer mechanism. The new system, which operates in euros and is executed through Turkish banks, aims to streamline and […]
Iraq to Regulate Postal Delivery Services
By John Lee. Iraq's Minister of Communications, Dr. Hayam Al-Yasiri, led a workshop on Sunday focused on drafting guidelines to regulate delivery companies, in collaboration with the Competition and Anti-Monopoly Council. According to a statement from the Ministry, the initiative aims to prevent monopolies and introduce fair competition in service sectors. Al-Yasiri emphasized improving Iraqi […]
$3m Peace and Stability Project for Sinjar
By John Lee. Iraq and the United Nations signed an agreement for a $3 million peace and stability project in Sinjar, sponsored by the Iraqi Ministry of Planning and funded by the UN. The initiative, implemented by three UN agencies-UN Development Programme (UNDP), the International Organization for Migration (IOM), and UN Women-aims to support Sinjar's […]
Iraqi PM Welcomes Reopening of Swiss Embassy after 33 Years
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with newly appointed Swiss Ambassador Daniel Hunn on Saturday, celebrating the reopening of Switzerland's embassy in Baghdad after a 33-year closure. Al-Sudani called the move a significant milestone in Iraq-Swiss relations and urged for the activation of joint committees to boost bilateral cooperation. Both sides […]
Iraqi PM courts US Investment in Oil
By John Lee. The Iraqi Prime Minister has expressed a willingness to partner with American firms to develop the country's oil and gas resources. Speaking to Al Monitor, Mohammed Shia al-Sudani acknowledged that some US companies have said the terms of potential contracts were not favorable, and he pledged to rectify the issue. Full report […]
Iraq Holds Workshop on Nanotechnology
By John Lee. The Iraqi Ministry of Planning has held a workshop on nanotechnology, highlighting its potential as one of the most advanced scientific and technological developments in recent years. Presentations covered various aspects, including a report by Engineer Ahmed Farouk of the Ministry of Construction, emphasizing Iraq's need for nanotechnology research centers to keep […]
Iraq's Integrity Head "Faces Charges"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's integrity head faces charges following anti-corruption 'tirade' A firestorm of tit-for-tat allegations has erupted after claims of widespread corruption in Iraq's judiciary by the head of the country's Federal Commission of Integrity. […]
Major Section Completed at Iraqi Megaport - Key Data
By John Lee. The Iraqi Ministry of Transport has announced the completion of the five-berth construction project at Al-Faw Grand Port's container terminal. According to Dr. Farhan Al-Fartousi, Director General of the General Company for Ports of Iraq, all stages of the project have been successfully finalized, following the directives of Transport Minister Razzaq Muhibis […]
Turkiye and Iraq Sign Agreement on Migration, Voluntary Return
By John Lee. The Turkish Ministry of Interior and Iraq's Ministry of Migration and Displacement have signed a memorandum of understanding focusing on migration management and voluntary returns. The agreement, signed by Turkish Interior Minister Ali Yerlikaya and Iraqi Minister Evan Faiq Jabro, aims to facilitate the voluntary return of Iraqi citizens from Turkey and […]
Additional Funding for Multi-Year Resilience Programme in Iraq
By John Lee. Education Cannot Wait (ECW) has announced additional funding of $9 million for its Multi-Year Resilience Programme in Iraq. The programme started in 2021, and is delivered by Save the Children. Full statement from ECW: Education Cannot Wait (ECW) announced today [2nd October 2024] a US$9 million cost extension for its highly successful […]