By John Lee. The Kurdistan Regional Government (KRG) has issued a summary of investments in the region over the past four years: Between August 28, 2019, and August 5, 2023, the ninth cabinet of the Kurdistan Regional Government completed 280 diverse investment projects across the region. A total of $13.53 billion was invested in these […]
By John Lee. FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Hot Dog on a Stick and 16 other restaurant concepts, has announces a new development deal to open 10 new franchised locations in Iraq. In partnership with Global Vita USA LLC, 10 Hot Dog on a Stick locations will open throughout the country […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will digital banks lure out cash under Iraqi mattresses? In Iraq, years of economic and political instability have created an environment of mistrust that is leading many to avoid depositing their money in […]
By John Lee. The Iraqi Ministry of Communications has announced the lifting of the ban on the Telegram app in Iraq, effective from Sunday 13th August. It said the decision comes in response to directives from the Prime Minister's office, following the application's commitment to security requirements by revealing the sources responsible for leaking citizens' […]
By John Lee. The Ministry of Electricity has reportedly confirmed the formation of a joint committee with the Ministry of Oil to discuss importing gas from Qatar and Turkmenistan. State-run Iraqi News Agency (INA) quoted theh Minister of Electricity, Ziyad Ali Fadhil, as saying that the committee will go with a delegation to Turkmenistan, and […]
From The Economist. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The plot thickens over Iraq's bank heist The exposure of crookery surrounding Iraq's tax revenues has rattled rulers, past and present. Read the full article here (subscription needed).
By John Lee. Pakistan's Federal Board of Revenue (FBR) has initiated negotiations on the Convention for the Elimination of Double Taxation with respect to Taxes on Income and on Capital and the Prevention of Tax Evasion and Avoidance with the Republic of Iraq. In this connection, tax delegations of both the countries met at Islamabad […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed drilling operations for the Nasiriyah-60 oil well in Dhi Qar province. The well, reaching a depth of 2,110 meters, is part of the "Mushrif [Mishrif] Formation", and the project is a contract with the Dhi Qar Oil Company (DQOC). The project entails drilling 20 […]
By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has suspended its 2023 guidance due to uncertainties resulting from the closure of the Iraq-Turkey Pipeline (ITP) to Ceyhan, and other challenges in Iraqi Kurdistan. Full statement from ShaMaran Petroleum: ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSXV: SNM) and (Nasdaq First North Growth […]
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: Battle over Telegram pits Iraqi PM against 'resistance' factions The filtering of a popular messaging app in Iraq is threatening to unleash a confrontation between Prime Minister Muhammad Shia' Al-Sudani and […]
By Amnesty International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: Authorities must immediately reverse media ban on the terms "homosexuality" and "gender" Responding to the directive issued by the Iraqi Communications and Media Commission (CMC) that media outlets must replace the term […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th August 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,185.2 6.5% 30.2% RSISX USD Index 1,165.4 […]
