Iraqi Cabinet outlines Funding for Investment Projects
The Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister thanked health teams for their sacrifices on the front line during the Covid-19 pandemic. The Cabinet received a briefing from the Minister of Health on the latest developments and the […]
IBBC Young Executives Network holds Webinar
The Iraq Britain Business Council (IBBC)'s Young Executives Network held a Webinar on Wednesday highlighting the effects of COVID 19 and how the YEN can offer to support their members during this difficult period. On the Panel was Mr Sammy Sharifi Co Chair of IBBC YEN, Ms Layla Al-Hassani of BP & Co Chair of […]
Iran to buy more Basic Commodities from Iraq
Governor of the Central Bank of Iran (CBI) unveiled plans for using a joint mechanism with Iraq to purchase basic commodities and items excluded from the list of anti-Iranian sanctions. Iran's top banker Abdonnaser Hemmati, who is on a visit to Iraq with a ranking economic delegation, held a meeting with his Iraqi counterpart Ali […]
Video: Anger as Iraq announces Pension Cuts
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq is facing its worst economic crisis since 2003, worsened by the global drop in oil prices and the coronavirus pandemic. Mustafa al-Kadhimi's government led by has proposed austerity measures, including capping the […]
US Policy Puts Iraqi Dialogue at Risk
By Toby Dodge, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Twin Pillars of US Policy Puts Iraqi Dialogue at Risk A new strategic dialogue between US and Iraqi governments is meant to place the bilateral relationship on a sustainable basis. […]
Iraq "The Best Place on Earth to find and Produce Oil"
By John Lee. Petrel Resources has said that its operations in Iraq, which had been dormant for some time, are "once again showing life". In its Preliminary Results for the Year Ended 31/12/19, the company said: "Our Iraqi, director, Riadh, is actively promoting our ongoing interest in participating in the development of the many oil […]
Experts Discuss IBBC's 'Iraq 2020: a Country at the Crossroads'
IBBC Advisory Council's discussion goes public on the white paper 'Iraq 2020: a country at the crossroads.' Today over 300 people signed up the IBBC Advisory Council's public discussion on the white paper - Iraq 2020: a country at the crossroads, sponsored by Iraq Business News ( IBBC media partner) and in conjunction with Chatham House […]
Customs and Revenue Reforms in KRG
Prime Minister Masrour Barzani chaired a meeting via video conference on Monday on the state of Kurdistan Region's customs, border crossings, and companies providing service. In the meeting attended by Deputy Prime Minister Qubad Talabani and other ministers, the Prime Minister reaffirmed ongoing efforts to carry out financial reforms; organise trade, and review tax exemptions […]
Iraq: Urgent Need for Free Speech Protection
By John Lee. A spike in violations of the right to free expression during widespread protests at the end of the former government's term in office and during the Covid-19 pandemic underscores the need for Iraq's new government to reform its laws, Human Rights Watch (HRW) said in a report released on Monday. Iraqi authorities, […]
New Investment Opportunities in Iraq
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Diwaniah Airport, Iraqi Civil Aviation Authority (ICAA) Fuel Station in Bismayah City, NIC Construction of an Exemplary Security Forces city, NIC (Source: National Investment Commission)
Australia contributes $600k to Refugees in Iraq
The Government of Australia has provided AUD 866,000 (USD 591,000) to support the work of UNFPA in Iraq. The funding will provide assistance to 38,000 women and girls, in Duhok and Nineveh Governorates over the next year. The new contribution will primarily support Syrian refugees who arrived in Iraq in 2019 as a result of […]
Impact of COVID-19 on SMEs in Iraq
Small and Medium Enterprises (SMEs) have been heavily affected by the COVID-19 pandemic, due to the closures and reduced working hours recommended to curb the spread of the virus. To better understand the impact of COVID-19 on SMEs, IOM Iraq conducted a survey with 456 enterprises active in different sectors in urban areas of Iraq […]