KRG to Digitise Company Registration
The Kurdistan Regional Government (KRG) has announced that the registration of the companies will be digitised, in order to reduce the cost of registration and to save time. According to a press release from the KRG, this facility is expected to increase number of companies registered in the Kurdistan Region. Blnd Mohammed, Director General of […]
After Comeback, Southern Iraq's Marshes are now Drying Up
By Wil Crisp for Yale Environment 360. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. After Comeback, Southern Iraq's Marshes Are Now Drying Up After recovering from Saddam Hussein's campaign to drain them, Iraq's Mesopotamian Marshes are disappearing as a regional drought enters […]
Investment Opportunities in Iraq's Oil Refineries
By John Lee. Iraq's Minister of Oil has announced upcoming investment opportunities in the refining industry. Minister Hayan Abdul-Ghani said the plans include increasing refining capacities as follows: Al-Amarah refinery (150,000 barrels per day); Al-Muthanna refinery (100,000 barrels per day); Kirkuk refinery (100,000 barrels per day); Qayyarah refinery (70,000 barrels per day), and, a new […]
Iraqi Govt Props Up Value of Iraqi Dinar
By John Lee. The Iraqi Cabinet has agreed a package of measures aimed at propping up the value of the Iraqi dinar, following continued downward pressure on the currency relative to the dollar: All government agencies are required to sell all goods and services inside Iraq based on the Central Bank USD exchange rate of […]
75 Projects implemented in Sulaimani last year
By John Lee. In 2022, 75 projects have been implemented in Sulaimani city on the revenue budget of the Ministry of Municipalities and Tourism and in the municipal sectors, water, sewerage and tourism, at a cost of 6.4 billion Iraqi dinars: 27 projects were implemented in the water and sewerage sector at a cost of […]
Governor of Diwaniyah dismissed for Corruption
By John Lee. Prime Minister Muhammad Shia'a Al-Sudani has dismissed the Governor of Diwaniyah, Mr. Zuhair Ali Al-Shaalan, as he is under investigation on suspicions of corruption, which are being considered by the relevant courts. He also dismissed Iyad Mahmoud Hadi Al-Jubouri from the duties as head of the National Retirement Authority, based on the […]
Online Business Portal Delivers Results in Iraq
From the United Nations Conference on Trade and Development (UNCTAD): The number of people registering businesses in Iraq through the country's online portal has steadily grown over the past year. In November 2022, over 275 companies were registered through business.mot.gov.iq - more than five times the number recorded during the first month after going live […]
US adds Iraqi Entities to Sanctions List
By John Lee. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated critical nodes of a key financial facilitation network of the Islamic State of Iraq and Syria (ISIS), which included four individuals and two entities in Türkiye, who have enabled the terrorist group's recruitment and financial transfers to and from […]
KRG preparing to Export Apples, Strawberries, Honey
The Kurdistan Region is moving from the import stage to the export stage, and diplomatic relations will be used for this purpose. Currently, pomegranate exports to the Gulf countries continue and the opening of export routes of Kurdistan products to foreign markets is an important step in supporting domestic production. Jalil Salihi, the supervisor of […]
Karbala Oil Refinery to Begin Production in mid-March
By John Lee. The Iraqi Minister of Oil, Hayan Abdul-Ghani, has announced that the Karbala Oil Refinery will begin commercial production in mid-March 2023. The refinery's products, including gasoline and kerosene, will meet the highest European standards and specifications (Euro 5). Production capacity will gradually increase, reaching 140,000 barrels per day by the end of […]
Baghdad's Green Zone Opens to Public
By John Lee. Prime Minister Muhammad Shia Al-Sudani has ordered that the Baghdad Green Zone be opened to the public to ease traffic in the city. The heavily fortified area houses embassies and Iraqi government buildings. Security forces have removed major checkpoints leading to the zone to allow citizens to enter. The zone will be […]
New Contract to Rehabilitate Abu Ghraib Dairy Factories
By John Lee. Iraq's General Company for Food Products, which is owned by the Ministry of Industry and Minerals, has signing of a partnership contract with a local company called "Allied", to rehabilitate Abu Ghraib dairy factories and add new lines and products. The agreement aims to develop the yogurt industry in accordance with modern production, […]