Iraqi President Ratifies Budget
By John Lee. On Wednesday, June 21, 2023, the President of the Republic of Iraq, Abdullatif Jamal Rashid endorsed the country's Federal Financial Budget Law. Approval and ratification of the general budget is a first step in implementing the government's agenda, which includes meeting citizens' needs and enhancing public welfare. Besides improving health and educational […]
KRG PM Launches 'Invest Kurdistan'
By John Lee. KRG Prime Minister Masrour Barzani has launched Invest Kurdistan, a new platform dedicated to investment in the Kurdistan Region. Oddly, the statement did not provide a link to this new platform, but we found it here: https://invest.gov.krd/ From a business perspective, the key points highlighted in the statement are as follows: Investment Opportunities: […]
Video: IBBC Tech Forum on Digital Transformation
By John Lee. The Iraq Britain Business Council (IBBC) hosted a very successful Tech Forum on the topic of "Digital Infrastructure & Transformation", as part of its Spring Conference in London on Friday. The session was chaired by Ashley Goodall, and speakers included: Mr Saquib Ahmed, SAP; Mr Padraig O'Hannelly, Iraq Business News; Mr Mohsen […]
New Shopping Mall Opens in Erbil
By John Lee. Prime Minister Masrour Barzani of the Kurdistan Region of Iraq opened the new Grand Majidi Mall in Erbil this week. The development, by Hewa Holding, promises to provide 1,700 jobs and opportunities for locals. (Source: @masrourbarzani)
Cooperation between Egypt and CBI to Enhance Entrepreneurship
Bassem Rahmi, CEO of Egypt's Micro- Small- and Medium-sized Enterprises Development Agency (MSMEDA) has emphasized the agency's commitment to implementing the political leadership's directives aimed at enhancing cooperation with relevant entities in the development and advancement of the small business sector in Arab countries. The agency seeks to exchange expertise regarding mechanisms that drive the […]
ICF's "In Their Shoes" 5K Registration is Now Open
(Source: ICF)
Korea-Iraq Joint Cmte Resumes, Targets Big Projects
By John Lee. The Korean Ministry of Land, Infrastructure and Transport will hold the 9th meeting of the Korea-Iraq Joint Committee in Seoul on June 21 (Wednesday). The Joint Committee is a joint participation of relevant ministries and agencies from Korea and Iraq, with the Korean delegation consisting of 14 ministries and 5 organizations, and […]
Iraq Pays All Gas Import Debts to Iran: Minister
Iraqi minister of electricity claimed that all debts over gas imports from Iran have been fully paid, also saying that generation of electricity in Iraq has decreased 2,000 megawatt as a result of reduced gas imports from Iran. Ziad Ali Fadhil made the comments late on Friday and stated that all debts related to buying […]
UK names New Ambassador to Iraq
By John Lee. Mr Stephen Charles Hitchen has been appointed His Majesty's Ambassador to the Republic of Iraq in succession to Mr Mark Edward Bryson-Richardson MBE. Mr Hitchen will take up his appointment in July 2023. Curriculum vitae Full name: Stephen Charles Hitchen Place of Birth: Harrogate, UK Date Role 2019 to Present FCDO, Director, […]
Erdogan, Barzani meet as Oil Exports via Turkey remain Frozen
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Erdogan, Barzani meet in Ankara as Iraqi oil exports via Turkey remain frozen Prime Minister Masrour Barzani of the Kurdistan Region of Iraq met with Turkish President Recep Tayyip […]
New IBBC Report: 'Seaports and Airports of Iraq'
A new IBBC report: 'Seaports and Airports of Iraq: Rules Versus Infrastructure' Economics Professor Frank R. Gunter of Lehigh University has completed a new report on seaports and airports in Iraq, covering an analysis of the challenges and opportunities for Iraq's import and export borders. In light of the GOI's (Government of Iraq) intention to […]
KRG PM Barzani meets with President Erdogan
On Tuesday, June 20, 2023, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) met with President Recep Tayyip Erdogan of the Republic of Türkiye in Ankara. At the start of the meeting, Prime Minister Barzani extended his congratulations to President Erdogan on his victory in the recent elections and conveyed his sincere hopes […]