Tag Archives | bureaucracy

KRG Bureaucracy Delays DNO Investment

DNO ASA, the Norwegian oil and gas operator, has reported operating profit of USD 61 million in the quarter ending 30 June 2021, its second consecutive profitable quarter since the onset of the COVID pandemic. Revenues totaled USD 184 million, up USD 14 million from the previous quarter, as higher oil and gas prices more […]

Iraq tackles Corruption in Currency Auctions

By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Addressing the meeting, the Prime Minister said the reserves of the Central Bank of Iraq (CBI) have increased by $4 billion, adding that the government has been able to tackle what it describes as "the […]

Reflections on Investments in Iraq’s Tech Ecosystem

By Alice Bosley and Patricia Letayf, Co-Founders of Five One Labs. Reflections on Investments in Iraq’s Tech Ecosystem 2019 showed an exciting development for Iraq's entrepreneurial ecosystem: the investments in two Iraqi tech startups - e-commerce company Miswag, which received investment from Iraq Tech Ventures, and Lezzoo, the first Iraqi startup to join Silicon Valley’s […]

We are Committed to Reforms - KRG's Barzani

Prime Minister Nechirvan Barzani has said the Kurdistan Regional Government is “firmly insistent to implement administrative reforms”. These remarks were part of a speech he made at the ceremony of presention of the ISO certificate to the KRG Ministry of Interior. He said the aim the KRG wants to attain is "to eliminate bureaucracy, red […]

Anbar Governor Sacks all Aides

By John Lee. The Governor of Anbar province, Sohaib al-Rawi [Suhaib al-Rawi] (pictured), has said he is dismissing all of his aides and advisers, as well as district managers who had been in their posts for more than four years or had performed poorly, according to a report from Reuters. The move is seen as part […]

Abadi's Reforms Welcome, but Vigilance Needed

By Padraig O'Hannelly. Dramatic moves this week by Prime Minister Haider al-Abadi to tackle corruption and bureaucracy have been widely welcomed, both within Iraq and internationally. Abolishing senior positions such as those of Deputy President and Deputy Prime Minister -- there were three of each -- scrapping sectarian and party quotas for state positions, and […]

PM Fires Senior Staff

By John Lee. Prime Minister Haider al-Abadi (pictured) has reportedly dismissed his cabinet secretary and his aides on Wednesday. Mohammed Khalaf Ahmed was said to be a close associate of Abadi’s predecessor, Nouri al-Maliki. Reuters cites an official in his media office as saying that the move was as part al-Abadi's push to cut "unnecessary government […]

Video: Iraq's Plan for Political Reform

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Corruption, attacks, the battle against ISIL, a fragile economy, and political chaos--just some of the challenges facing Iraq. After weeks of protests calling for better government services and an end to corruption. Prime […]

A Subtle Warning from Eni

By John Lee. Paolo Scaroni, the CEO of Italian oil and gas company Eni, spoke out on Wednesday to complain about the difficulties of doing business in Iraq. "Our adrenaline rush now is not what it was when we entered Iraq", he said ,"[it's] more complex than we first thought." On one hand, we could […]

Iraq to Trim Bloated Cabinet

Premier Nouri Al-Maliki announced on Sunday that the number of ministries has become a real burden on the work of the state. "This fact appeared after the 100-day period", he said in a letter sent to  parliament. Al-Maliki proposed a two-stage procedure, the first of which will see 29 ministries retained. "So, as a result, […]