UNDP: "Iraq as a Major Diplomatic Force"
From the United Nations Development Fund (UNDP): [Wednesday 24th April marked] the International Day of Multilateralism and Diplomacy for Peace, a day that celebrates the use of diplomacy as a language for governments to achieve peaceful resolutions and cooperation. This is particularly important today in the realm of water diplomacy. Iraq's geographical position as a […]
Ukrainian company to Develop the Akkas Gas Field
By John Lee. Iraq has signed a contract with Ukrainian company Ukrzemresurs to develop the Akkas gas field in Anbar Province. According to a statement from the Ministry of Oil, the goal is to increase national production by an additional 400 million standard cubic feet per day (MMSCFD) of gas within four years, to supply […]
Iraq and UK discuss Enhanced Agricultural Partnerships
By John Lee. At a meeting in London on Wednesday (24th April), Iraq's Minister of Agriculture Dr. Abbas Jabber Al-Maliki met with the UK's Minister of State for Trade and Investment, Lord Dominic Johnson, to discuss strengthening British investments in Iraq's agricultural sector. Attendees included Baroness Emma Nicholson, the British Prime Minister's Trade Envoy to […]
Baker Hughes to Collaborate on Reducing Gas Flaring in Iraq
By John Lee. Baker Hughes has signed a memorandum of understanding (MoU) with the Halfaya Gas Company (HGC), with the objective of setting the basis to establish a collaboration for a gas flaring reduction project at the Nahr Bin Umar [Nahr Ben Umar] gas processing plant in southeastern Iraq. The signing took place in Washington, […]
Qatari Firm Wins another Hospital Mgt Contract in Iraq
By John Lee. Qatar's Elegancia Healthcare, a subsidiary of Estithmar Holding, has entered into a second strategic agreement with the Iraqi Ministry of Health to manage and operate the 492-bed Al Hasan Al Mujtaba Teaching Hospital in Karbala Governorate. The hospital is one of six for which the Iraqi Ministry of Health invited interested parties […]
"At least 13 Executed in one Day" - Amnesty
By Amnesty International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. At least 13 people in Iraq have been executed on a single day this week, said Amnesty International, as the organisation called on the Iraqi authorities to halt all further executions. On 22 […]
$600m Iraqi Dinar Forex Scandal
By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Federal Board of Supreme Audit exposes US$600 million corruption scandal involving 'ghost travellers' Over 151,000 Iraqi citizens acquired US currency at the official rate for travel but […]
Oil Exports: KRG questions Legitimacy of Federal Supreme Court
By John Lee. The Kurdistan Regional Government (KRG) has hit back at the Iraqi federal government in the continuing row over the Region's oil exports. In a statement the KRG questioned the legitimacy of the Federal Supreme Court (FSC), and claimed again that contracts it signed with oil companies are valid. Full statement from KRG: […]
List if MoU's signed between Iraq and Turkey
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani and Turkish President Recep Tayyip Erdogan signed a strategic framework agreement on Monday in Baghdad, establishing a roadmap toward a comprehensive economic partnership between the two countries. The ceremony also saw the signing of several memoranda of understanding (MoUs) and agreements in various fields and sectors […]
Iraq Signs Contracts for Projects in Erbil, Karbala
By John Lee. The Iraqi Ministry of Planning announced the signing of four contracts to implement service projects in several villages in the Erbil and Karbala provinces as part of the 2024 plan of the Social Development Fund. According to the Ministry's statement, new contracts were signed in April for a series of projects in […]
Tax in Iraq: IMF Identifies 6 areas for Reform
By John Lee. The International Monetary Fund (IMF) has published a "High Level Summary Technical Assistance Report" looking at the tax system in Iraq. The report identifies six core reform areas: Establishing a reliable taxpayer base; Improving core functions through implementation of the SA system; Focusing on large taxpayers' compliance; Organizational design and workforce planning; […]
Iraq prepares National Development Plan for 2024-2028
By John Lee. The Iraqi Ministry of Planning has held a meeting to prepare the five-year National Development Plan (NDP) for 2024-2028. Led by Dr. Maher Hamad Johan, the ministry's Undersecretary for Technical Affairs, the meeting discussed upcoming steps for the plan, including design, printing, review, and formulation processes, as well as media campaigns for […]