From Amnesty International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: Reject changes to Personal Status Law which would allow child marriage and further entrench discrimination Iraqi lawmakers must drop amendments to the Personal Status Law, which would violate women and girls' rights, […]
By John Lee. The Organized Crime and Corruption Reporting Project (OCCRP) has claimed that Iraq's dollar auction system has been exploited by money launderers and militant groups. Click here to read the report. (Source: OCCRP)
By John Lee. An opinion piece published by The Washington Institute for Near East Policy argues that the US should consider supporting both the Development Road project and Turkiye's wider plans in Iraq, "since both serve the paramount goal of counterbalancing Iranian influence." Soner Cagaptay writes: "Ankara believes that the lucrative construction contracts for the […]
By John Lee. Iraqi Foreign Minister Fuad Hussein received a copy of the credentials of the new Canadian Ambassador to Iraq, Christopher David Pym, on Tuesday [15th October, 2024]. The Minister welcomed Ambassador Pym, underlining the importance of the bilateral relations between the two countries, and the need to strengthen and develop them across various […]
By John Lee. The Iraqi government has agreed new pricing for wheat based on the type of irrigation method used. Wheat grown on lands using modern irrigation systems will be priced at 850,000 Iraqi dinars [$649] per ton, with a 90% government subsidy compared to global market prices; wheat from lands using traditional irrigation will […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq buys 900 MW of power from Kurdistan Region daily: Ministry Iraq's electricity ministry on Sunday said it buys 900 megawatts of electricity daily from the Kurdistan Region, amid lower power production due to […]
By John Lee. Mass Group Holding (MGH) and GE Vernova have announced significant progress in the modernization of Iraq's largest power facility, the 4.5 GW Bismaya [Besmaya] Power Plant in Baghdad. Phase 1: Phase 1 involved Advanced Gas Path (AGP) upgrades on four GE Vernova 9F.04 gas turbines at the Besmaya Power Plant. The upgrades […]
By John Lee. A meeting of the Iraqi Cabinet this evening approved an increase in Iraq's quota at the International Monetary Fund (IMF) by 831.9 million Special Drawing Rights (SDR), equivalent to 1.45 trillion Iraqi dinars [$1.1 billion] based on the exchange rate as of October 8, 2024. This 50-percet increase in Iraq's previous quota […]
By John Lee. Iraq's Ministry of Finance has said it will issue a new series of its "Injaz/Enjaz" ["achievement"] bonds. According to s statement issued on social media, but not yet available on the Ministry of Central Bank of Iraq (CBI) websites, the bonds will be offered in two denominations: A bond of 500,000 Iraqi […]
By John Lee. The Times Higher Education World University Rankings has listed 79 Iraqi universites, ranking two of them in the range 1,001-1,200 worldwide, 3 in the range 1,201-1,500, and a further 16 in the category 1,501+. The remaining 58 universities were listed with 'recorder' status, meaning that they submitted data but did not meet […]
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, has ordered the suspension of a recent tax hike on real estate transfers. According to a statement from the Prime Minister's office, the increase was issued by the Director General of the General Tax Authority without approval from the High Committee for Tax Reform, and it […]
By John Lee. Iraq's Minister of Transport, Mr. Razzaq Muhaibis Al-Saadawi, officially reopened the Baghdad-Ramadi railway in Anbar province last week, marking a significant milestone after the line had been inactive for 20 years due to terrorism. A lengthy press release from the Ministry gave few details of the project; it included pictures of the […]
