By John Lee. The new headquarters of the Company Registration Directorate, part of the Ministry of Trade, was opened in Baghdad on Saturday by Prime Minister Mohammed S. Al-Sudani. The event marked what his office described as a significant step in the government's ongoing initiative to modernise institutional operations and align them with modern technological […]
By John Lee. Ali Mohsen Al-Alaq, Governor of the Central Bank of Iraq (CBI), chaired a meeting on the regulation of e-commerce in Iraq, with participation from relevant authorities. The meeting discussed controls and consumer protection measures, focusing on registration procedures and obtaining licenses for e-commerce activities. The committee defined service providers and established a […]
By John Lee. Médecins Sans Frontières (MSF) [Doctors Without Borders] has closed two health facilities in Mosul, claiming that their work has been made impossible by the bureaucracy in Iraq. Full text of statement from MSF: MSF halts medical activities in Mosul due to administrative obstacles Essential medical activities have been suspended at two health […]
By John Lee. The Council of Ministers of the Kurdistan Regional Government (KRG) has approved a draft bill concerning company registration. According to a statement from the KRG, the bill aims to streamline and simplify the process of registering new companies, with the aim of reducing bureaucracy and encouraging investment. (Source: KRG)
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 […]
By Ahmed Maher, for The National. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq corruption: how ministry officials make millions in 'cash for jobs' schemes A part-time job with a temporary contract in Iraq's Industry and Minerals Ministry cost mechanics graduate Yasmine $1,000. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
