Iraq to charge Customs Duties/Taxes "Exclusively in Iraqi Dinars"
By John Lee. The Kurdistan Regional Government (KRG) has said that customs duties and taxes at border crossings will now be levied exclusively in Iraqi dinars instead of US dollars. Full statement from the KRG: According to Decree No. 227 of the Council of Ministers, dated September 20, 2023, customs duties and taxes at border […]
UAE's Crescent Petroleum starts Iraq Gas Development Projects
By John Lee. Iraq's Oil Minister has 'activated' three contracts with UAE-based Crescent Petroleum, as part of Iraq's fifth licensing round. The contracts are aimed at harnessing 400 million standard cubic feet of gas per day, within one and a half years, from the following development blocks: Gilabat-Qumar [Kalabat], in Diyala Khashim Ahmer-Injana [Khasham Al-Ahmar], […]
US Fast Food Restaurant Opens in Baghdad
By John Lee. US-based FAT (Fresh. Authentic. Tasty.) Brands Inc. has announced the opening of its first Johnny Rockets fast-food restaurant in Iraq. The new site is located in the Alyarmouk [Yarmouk] neighborhood Baghdad, and is operated by Alanwar Alarabiya. The first Johnny Rockets restaurant opened in 1986 in Los Angeles, and the chain now […]
DNO announces Q3 Iraq Oil Production
By John Lee. DNO ASA, the Norwegian oil and gas operator, will publish its Q3 2023 operating and interim financial results on 9 November at 07:00 (CET). A videoconference call with executive management will follow at 10:00 (CET). The Company issues below an update on production and sales volumes for the quarter as well as […]
KRG Boosts Water Resources with 13 New Dams
Kurdistan Region Boosts Water Resources with 13 New Dams The ninth cabinet of the Kurdistan Regional Government (KRG) has made significant strides in enhancing water availability across the region. Their primary focus has been the construction of dams and reservoirs, with the completion of four dams and ongoing work on 13 additional ones. The combined […]
Iraq allocates $19m for new Civil Defense Centers
By John Lee. The Iraqi Cabinet has decided to allocate 25 billion dinars [$19 million] from the Ministry of Finance's emergency reserves to the Ministry of Interior. The funds will be added to the investment budget of the Civil Defense Directorate to enable the construction of 100 low-cost civil defense centers using a direct implementation […]
Iraqi State takes Share in New Housing Projects
By John Lee. In its 41st regular session, chaired by Prime Minister Mohammed Shia Al-Sudani, the Iraqi Cabinet approved the allocation of four new residential city projects to foreign and local companies based on recommendations from the ministerial team established under Cabinet Resolution (23121) of 2023. The projects are as follows: New Al-Juwayriyah [Jawahiri] City […]
Iraq Plans Factory with Mercedes and MAN
By John Lee. An advisor to the Iraqi Prime Minister has reportedly announced Iraq's intentions to build factories for the German companies Mercedes and MAN. Al Iqtisad quotes Mohammed Sahib al-Daraji as saying that this initiative is a result of a memorandum of understanding (MoU) signed by Iraq's Defence Industries Commission (Military Industrialization Authority) and […]
Kurdistan Region Strengthens Commercial Ties with Pakistan
Kurdistan Region Strengthens Commercial Ties with Pakistan On Wednesday, October 11, 2023, Kamal Muslim, the Minister of Trade and Industry for the Kurdistan Regional Government (KRG), held a meeting with Ahmed Amjad Ali, the Ambassador of Pakistan to Iraq. During the meeting, both parties discussed strategies to enhance bilateral trade relations, with a special emphasis […]
IDC Rehabilitates Two Oil Wells in Kirkuk
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the rehabilitation of two oil wells in the Khubaz and Jambour oil fields in Kirkuk. The rehabilitation of Khubaz Well 43, using the IDC 206 drilling rig, marks the company's first well rehabilitation as part of a project to rehabilitate nine wells for the […]
Addressing Environmental and Agricultural Challenges in Iraq
FAO Strengthens Commitment to Iraq in Addressing Environmental and Agricultural Challenges Following the meeting of the Director-General of the Food and Agriculture Organization of the United Nations (FAO), Dr. Shu Donio, with His Excellency the President of the Republic of Iraq, Abdul Latif Rashid, during the United Nations Water Conference 2023, in which Iraq reaffirmed […]
World Vision Iraq Annual Report 2022
By John Lee. This annual report provides an overview for the work that World Vision has done in Iraq during FY22, which covers the period of 1 October 2021 and 1 October 2022. Click here to download the full report. (Source: World Vision)