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Digitization of Pension Management System in Kurdistan

UNDP, USAID and KRG support digitization of the Public Pension Management Information System in Kurdistan The United Nations Development Programme (UNDP) in Iraq and Kurdistan Regional Government (KRG) of Iraq, with support from the United States Agency for International Development (USAID) has launched a new Public Pension Management Information System (PPMIS) in Kurdistan. The system […]

Al-Sadr and the Struggle for Religious Authority

By Benedict Robin-D'Cruz, for Carnegie Middle East Center. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Muqtada al-Sadr and the Struggle for Religious Authority While recent events in Iraq have tended to focus attention on the political dimension of the Sadrist movement, it […]

Turkish intel chief pursues Multiple Goals in Baghdad

By Fehim Tastekin for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Turkish intel chief pursues multiple goals in Baghdad In landmark talks in Baghdad, Hakan Fidan sought to ease bilateral tensions over a deadly attack in July, assert Turkey's resolve […]

Iran-Iraq Trade set to Increase

By John Lee. The Chairman of the Iran-Iraq Joint Chamber of Commerce has been quoted as saying that trade between the two countries will hit $10 billion by the end of the current Iranian year, on 20th March 2023. This is up from an estimated $9 billion in the past year. Yahya Al-e Es'hagh reportedly […]

Strengthening Social Protection and Labour Rights in Kurdistan

Members of Parliament, Government officials and ILO intensify efforts to strengthen social protection and labour rights in the Kurdistan Region of Iraq With the support of the European Union, officials held a consultation on the draft Labour Law and the draft Social Security Law, followed by a training on social security governance aimed at strengthening […]

The Revenge of Muqtada al-Sadr

By Mohamad Bazzi, for Foreign Affairs. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Revenge of Muqtada al-Sadr Why Iran could be the real loser in Iraq's intra-Shiite struggle. Click here to read the full article.

US focus on Increasing Trade and Investment in Iraq

By John Lee. The U.S. Ambassador to Iraq, Alina L. Romanowski, and members of the Embassy's Economic Section welcomed diplomats from 11 embassies and international organizations to the U.S. Embassy on Tuesday. The meeting intended to focus efforts on increasing trade and investment in Iraq. In a statement after the meeting, the U.S. Mission to […]

Iraq Buys New Ships for Port Maintenance

By John Lee. Iraq's Ministry of Oil is increasing its in-house capacity to maintain its export terminals in southern Iraq, with the acquisition of new purpose-built ships. The Executive Director of the Iraqi National Oil Company (INOC), Hamid Younis, said that Safwan (pictured) will arrive in the coming days. It has the capability to assist […]

GE to support Bazyan Power Plant in Sulaymaniyah

By John Lee. GE Gas Power has signed an agreement with Taurus Arm, owner of the 500 megawatts (MW) Bazyan Power Plant, to provide parts, repairs, and services for two 9F.04 gas turbines at the facility for a period of 16 years. The turbines were supplied by GE to Taurus Arm in 2021 under a […]

TotalEnergies sells its interest in the Sarsang Oil Field

TotalEnergies has completed the divestment of its 18-percent interest in the onshore Sarsang oil field in the Kurdistan region of Iraq, to ShaMaran Petroleum Corp., a company listed in Canada and Sweden and focused on oil exploration and development in Kurdistan, for a firm consideration of $ 155 million. An additional contingent consideration of USD […]

MoU to promote Business between Iraq and Jordan

By John Lee. The Information and Communications Technology Association of Jordan ([email protected]) has reportedly signed a memorandum of understanding with Jordan's Iraqi Business Council (IBC), to strengthen cooperation between the two sides and support efforts to find new markets for their member companies. According to the state-run Petra News Agency, the two sides will seek […]

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Korea provides $1m for Resilience-Building in Iraq

The United Nations World Food Programme (WFP) welcomed a contribution of US$1 million from the Government of the Republic of Korea, which will support the implementation of resilience-building activities aiming at improving sustainable agricultural production in areas affected by salinity in southern Iraq. This grant will support in restoring the agricultural-based livelihoods of nearly 4,000 […]