Plans for Major Tourist Complex in Baghdad
By John Lee. Prime Minister Mohammed Shia Al-Sudani reviewed initial plans and overall outlines for a large tourist complex in central Baghdad on Sunday. The project proposal was submitted by the Qatari Investment Holding Company [Estithmar Holding], specialized in real estate development and investment in tourist destinations. Pictures provided by the Media Office of the […]
"Potential Liquidation" of Company with Projects in Iraq
By John Lee. A British court has supported a decision by the trustees of a pension scheme to petition to have the scheme's sponsoring employers, Biwater, wound up. The decision could lead to the potential liquidation of Biwater, which has projects in Basra, and in Iraqi Kurdistan. As at 19th May 2023, Biwater owed the […]
Suspect in "Heist of the Century" Extradited to Iraq
By John Lee. Iraq's Commission of Integrity has announced that a suspect in the theft of approx $2.5 billion from the Iraqi tax authorities has being extradited from Jordan to Iraq. The theft of 3.7 trillion Iraqi dinars ($2.5 billion) from the General Tax Authority's account at the state-run Rafidain Bank is sometimes referre to […]
Iraq blocks Telegram App over National Security concerns
By John Lee. Iraq's Ministry of Communications has blocked the messaging app Telegram, citing concerns relating to national security and "societal peace". In a statement on Facebook, the Ministry also said that the block was "in order to preserve the personal data of citizens," which it says Telegram has mishandled. It adds that the company […]
"High Demand" for Kurdish Potatoes in Gulf states
By John Lee. The Kurdistan Region of Iraq has started to export potatoes to the United Arab Emirates. According to a statement from the KRG, more orders are expected. Full statement from KRG: The agricultural sector in the Kurdistan Region is experiencing remarkable growth, particularly in the area of potato cultivation. This progress is evidenced […]
Iraq Imposes Addition Customs Duty on Imported Carpets/Rugs
By John Lee. Iraq has imposed an extra 60-percent customs duty on imported carpets and rugs (customs codes 57023230 and 57023210) from all countries and sources. This tariff will remain in effect for four years without any reductions, and it will also include monitoring of the local market during this period. According to a statement […]
Iraq Cracks Down on Dollar Smuggling
By David S Cloud, for the Wall Street Journal. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Cracks Down on Dollar Smuggling Under Pressure From U.S. Washington aims to stop the flow of dollars to Iran. Click here to read the full article […]
Iraq and Egypt Boost Diplomacy, but GCC Remains the Linchpin
By Yerevan Saeed for the Arab Gulf States Institute in Washington (AGSIW). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq and Egypt Boost Diplomacy, but GCC Remains the Linchpin Increasing diplomatic engagements between Iraq and Egypt are helping to advance a more ambitious […]
Iraq Eliminates Trachoma as a Public Health Problem
Iraq eliminates trachoma as a public health problem The World Health Organization (WHO) congratulates Iraq for having eliminated trachoma as a public health problem, making it the fifth country in WHO's Eastern Mediterranean Region to achieve this milestone. "The success of Iraq's national trachoma programme has shown what can be achieved with national leadership and […]
Drought Threatens Iraqi Marshes
By Hussein Ali Alzoubi, for Fanack.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: Drought Threatens Marshes Iraq drought caused by natural, administrative and political factors prompted the Iraqis living near the marshes to migrate from their areas. Click here to download the […]
Iraqi Market Rallies as it Begins to Discount Budget's Passage
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Rallies as it Begins to Discount the Budget's Passage The market, as measured by the Rabee Securities RSISX USD Index, was up 9.2% in June and […]
UNAMI awards $1.5m Contract to Basra Int'l Hotel
By John Lee. The United Nations Assistance Mission for Iraq (UNAMI) has awarded a contract for the rental of fully serviced interim accommodation and office facilities for UNAMI in Basra. It was awared to Sumer For Real Investments Ltd (doing business as Basra International Hotel), and will run for three years, from 1st August 2023 […]