By John Lee. Dr. Ahmad Anwar, Head of the Kurdistan Region's Integrity Commission (KRIC), has reported that in 2023 the commission diligently investigated a total of 1,010 corruption cases, resulting in 230 cases being forwarded to the courts. Over the past five years, a significant 897 corruption cases have been referred to special tribunals since […]
By John Lee. A team from the International Monetary Fund (IMF) has concluded a visit with Iraqi officials, concluding: Economic activity is recovering, although oil production cuts are weighing on overall growth, and at the same time inflation has declined. The large fiscal expansion in the three-year budget law poses significant risks to fiscal and […]
By John Lee. The Kurdistan Regional Government (KRG) has issued two new guides to investment in the Kurdistan Region of Iraq (KRI): Doing Business In Kurdistan Region: This guide has been prepared to provide an overview of the KRI, it's economy and way of life, and introduces the financial, legal, and tax issues that are […]
The International Organization for Migration (IOM) has provided financing to 2,424 small and medium enterprises (SMEs) across Iraq through its Enterprise Development Fund (EDF) since its initial launch in 2018, helping to create 11,217 new jobs and improve 12,980 already existing jobs for host, returnee and internally displaced communities alike. EDF is an innovative programme designed to […]
By John Lee. The Turkish Foreign Minister, Hakan Fidan, and the Deputy Prime Minister and Foreign Minister, Fuad Hussein, met in Ankara on Tuesday, accompanied by high-level security and military officials from both countries. Talks covered issues related to counterterrorism, security, and water resources, with both sides committing to continue developing relations. The meeting included […]
By John Lee. Romanian airline Dan Air has announced that it will operate flights from Iraq to Europe on behalf of the Iraqi airline Fly Baghdad. This follows a recent decision by the European Commission to ban Fly Baghdad from EU airspace because, according to the European Union Aviation Safety Agency (EASA), they do not […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Anti-establishment parties unite to transform Iraqi politics Supporters of the October (Tishreen) protest movement are uniting to take on Iraq's political establishment. Groups that previously boycotted elections are now choosing to […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani received the Ambassador of Austria to Iraq, Mr. Andrea Nasi, on Tuesday, on the occasion of assuming his duties as the country's first resident ambassador in Baghdad in thirty years. According to a statement from the Prime Minister's office, discussions covered various aspects of bilateral relations between […]
DNO ASA, the Norwegian oil and gas operator, today announced that gross production from its operated Tawke license in the Kurdistan region of Iraq continues to climb, with the December to date average approaching 90,000 barrels of oil per day (bopd). That lifts the projected fourth quarter 2023 figure to 65,000 bopd, up from 26,000 […]
By John Lee. The President of Iraq's Communications and Media Commission (CMC), Dr. Ali Al-Mouyad, has signed a memorandum of cooperation with Chinese company Huawei in the field of cybersecurity and capacity building. According to a statement from CMC, the agreement aims to foster collaboration, mutual innovation, knowledge exchange, and training development in cybersecurity for […]
By Aram Mahmood, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Case of Iraq Underscores the Need of an International Anti-Corruption Court Given the inability-or unwillingness-of Iraqi institutions to adequately combat corruption, the need for […]
The Iraq Britain Business Council (IBBC) is establishing an Agritech Committee under the Chairmanship of Dr Amet Selman (pictured), CEO of AAA Holding. For its first project the committee is looking into 'AI Driven Agriculture and Sustainable Use of Fertilisers'. Dr Selman will gather interested IBBC Members and external experts to draw up a plan […]
