PM receives briefing on Baghdad Ring-Road
By John Lee. Prime Minister Mustafa Al-Kadhimi has chaired a meeting with ministers and officials on the construction of a ring-road around Baghdad. During the meeting, there was a comprehensive presentation of the route and design of the road, and the Prime Minister also emphasised the importance of the project to the city and the […]
KRG to Tax Internet and Telecom Companies
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG will see 20 billion dinars monthly from new corporate tax on internet and telecom companies: official The Kurdistan Regional Government (KRG) will attempt to bring in nearly 20 billion dinars [approx $13.7 million] […]
US Consul General supporting American Brands in Kurdistan
By John Lee. US Consul General Robert Waller has met with Ahmed Qadir [Ahmad Kadir Ismail Al Majidi], Chairman of HewaHolding, which owns the Fatburger and The Coffee Bean and Tea Leaf franchises in Erbil. While visiting Erbil's Majidi Mall, they discussed the company's future plans to expand and bring other American brands to the […]
Fmr Iraqi Minister Jailed for Corruption
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Former Iraqi minister sentenced to two years in prison for corruption A Baghdad court on Sunday sentenced a former Iraqi minister and a general manager from the same ministry each to two years in […]
NATO Mission to Iraq to Increase 8-Fold
By John Lee. NATO defence ministers concluded their second day of meetings via secure teleconference on Thursday. They discussed NATO-led missions in Afghanistan and Iraq. Both missions are key contributions to the fight against international terrorism. On Iraq, Ministers agreed to expand the scope of the NATO mission, following Iraq's request, in order to support […]
Iraqi Cabinet approves New "Alternative Energy" Power Plants
By John Lee. The Iraqi Cabinet has agreed to approve a recommendation from the National Investment Commission (NIC) for the Ministry of Electricity to proceed with an investment project for the construction of seven "alternative energy" power plants. The new power stations are to be built in Karbala, Wasit, Babylon, and Al-Muthanna provinces. (Source: Govt […]
Iraq to buy New Ambulances
By John Lee. The Iraqi Cabinet has agreed to allocate funds for the purchase of an additional 300 ambulances. The decision was made at a meeting of the Cabinet (Council of Ministers) on Tuesday. (Source: Govt of Iraq)
Iraqi Airlines Resume Flights to Iran
Iraqi Airlines has resumed operating flights to Iran in compliance with the coronavirus protocols, an Iranian official said. The spokesperson for the Civil Aviation Organization of Iran said Iraqi airlines have restarted flights from Najaf to Tehran and Mashhad after a hiatus due to the health restrictions. Mohammad Hassan Zibakhsh also noted that there is no […]
UN pushes Economic Diversification, Private Sector
Briefing to the Security Council by SRSG Jeanine Hennis-Plasschaert | Tuesday, 16 February 2021 (As Delivered): Madam President, Distinguished members of the Security Council, Allow me to begin by again condemning last night's deadly rocket attack on Erbil. Such reckless attempts to inflame tensions pose grave threats to Iraq's stability. Close collaboration between Baghdad and […]
Iraqi Kurdish Court Sentences Journalists to Jail
In response to [Tuesday's] sentencing of Iraqi Kurdish freelance journalists Sherwan Amin Sherwani and Guhdar Zebari to six years each in jail, the Committee to Protect Journalists (CPJ) has issued the following statement: "Today's sentencing of journalists Sherwan Amin Sherwani and Guhdar Zebari is not only unfair and disproportionate, but it also proves that the […]
Iraq allocates additional resources for Labs, Medicines
By John Lee. The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. It received a briefing from the Minister of Health on the latest Covid-19 related developments and on the ongoing national efforts to contain the spread of the Coronavirus. Following discussions, the Cabinet agreed to: Authorise the […]
Genel Energy Updates on Oil Reserves
Genel Energy has issued an update on oil reserves and resources across its portfolio. Bill Higgs (pictured), Chief Executive of Genel, said: "The quality of our reserves is the foundation of our resilient business model, providing us with low-cost production that can generate cash for many years to come. "Drilling at Sarta this year has […]