Genel Energy Non-Exec to Step Down
Genel Energy has announces that after over nine years on the Board, George Rose (pictured), Independent Non-Executive Director, will not be standing for re-election at the forthcoming Annual General Meeting. The Board will continue to keep its size and composition under review, including the balance between independent and non-independent directors in light of the recommendations […]
Iraq aims for "Prosperous Economic Zone" with Jordan, Egypt
By John Lee. Prime Minister Mustafa al-Kadhimi has spoken of creating a "New Mashreq", to harness the broad common interests between Iraq, Jordan and Egypt in order to create a prosperous economic zone that will benefit all countries in the region and in which Iraq would play a major role. Addressing staff at the headquarters […]
IBBC Welcomes Iraq's New Simplified Visa Scheme
By John Lee. The Iraq Britain Business Council (IBBC) has welcomed Iraq's decision to lift the requirement to obtain entry visas prior to arrival in Iraq. In a statement on Tuesday, Christophe Michels, Managing Director of the IBBC, said: "The IBBC has long lobbied for a simpler access to Iraq for business-people, and this program […]
New Report on Iraqi Electricity Sector
This report provides a general overview of the Iraqi electricity sector. It gives a glimpse of the electricity infrastructure starting with electricity generation, transmission, and distribution in Iraq. This publication is part of Business LANDSCAPE series which a series of research publication aims to highlight the current situation of Iraq's economy and private sector through […]
How "Flimsy Evidence" sent Iraqi Kurdish Journalists to Jail
From the Committee to Protect Journalists (CPJ): 'Spaghetti against the wall': how flimsy evidence sent 2 Iraqi Kurdish journalists to jail for 6 years The case against Iraqi Kurdish journalists Sherwan Amin Sherwani and Guhdar Zebari was built on flimsy and circumstantial evidence, five observers of the journalists' Erbil trial last month told CPJ. Their six-year […]
Iraqi Union of Accountants signs Agreement with UK counterpart
On 15th March the Iraqi Union of Accountants and Auditors signed a cooperation agreement with its UK counterpart, the Institute of Chartered Accountants in England and Wales (ICAEW). The signature of this important agreement for both countries was witnessed by IBBC President and UK PM's Trade Envoy Baroness Nicholson, Iraq's Parliament First Deputy Speaker HE […]
Iraq Relaxes Visa Restrictions
By John Lee. The Iraqi government has launched what it describes as "an exceptional programme" to lift the requirement to obtain entry visas prior to arrival in Iraq. The new scheme will apply to citizens of: Countries that are permanent members of the UN Security Council (USA, UK, France, the Russian Federation and the People's […]
First Iraqi Bank (FIB) selects ICSFS platform
By John Lee. First Iraqi Bank (FIB), a newly established digital bank in Iraq, has reportedly selected the ICS BANKS digital banking platform from ICS Financial Systems Limited (ICSFS), to start its operations in Baghdad, Iraq. Shaymaa Ali Hussein, Managing Director of First Iraqi Bank said: "The need for a digital bank in Iraq today […]
Are Iran and Turkey on a Collision Course in Iraq?
By Hamidreza Azizi and Vali Golmohammadi, for The National Interest. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Are Iran and Turkey on a Collision Course in Iraq? Friction between Tehran and Ankara in Iraq is rooted in balance-of-power considerations and their quest for […]
Jiyad: The Federal Oil and Gas Law in Iraq
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Federal Oil and Gas Law in Iraq: A sudden alarming move that calls for caution and readiness to encounter In a very surprising and sudden move it was announced that the […]
Iraqi e-Commerce Store gets New Funding
Orisdi, a leading e-commerce store in Iraq, has successfully raised a six-figure bridge round. Iraqi Innovators reports that the round was led by Innovest Middle East VC and a group of angel investors including Amar Shubar, Partner at Management Partners Consulting, and Omar Al-Handal, Managing director of Al Handal International Group. Orsidi was founded in […]
Pakistan's assistance to Iraq to fight COVID-19
By John Lee. On the directive of Pakistan's Prime Minister, Imran Khan, Pakistan is sending three plane-loads of COVID-related relief goods to Iraq. The first plane-load was dispatched on Saturday in presence of the Chairman of the National Disaster Management Authority (NDMA), senior officials of the Ministry of Foreign Affairs and the Ambassador of Iraq […]