From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq approves record $153bn budget aimed at creating jobs Iraq's parliament has approved a budget of 198.9 trillion dinars ($153bn) for 2023 that sets out record spending on a growing public wage bill […]
By John Lee. The Health Minister of Jordan, Firas Hawari, and the President of the Kurdistan Region of Iraq, Nechirvan Barzani, have emphasized the importance of strengthening health cooperation between Jordan and the Kurdistan region. During their meeting in Erbil, they discussed enhancing ties, leveraging Jordan's expertise, and providing support in health to the Kurdistan […]
By John Lee. The joint committee between Iraq and Egypt commenced its work in Cairo on Tuesday. The delegation from Iraq was headed by the Prime Minister, while the Egyptian side was led by Prime Minister Mustafa Madbouly. The meeting focused on bilateral relations between the two countries and discussed various common issues, emphasizing the […]
This year's World Day Against Child Labour links advancing social justice with tackling child labour, under the slogan 'Social Justice for All. End Child Labour!' Social Justice in the World of Work means promoting productive and freely chosen employment; enhancing measures of social protection; promoting social dialogue; and promoting fundamental principles and rights at work. […]
By John Lee. The Director of the General Company for Transportation Projects, Mr. Karim Hashem Al-Jabri, held a meeting on Saturday with the Economic Feasibility Study Committee and the Quantities Preparation Committee for the establishment of an asphalt production plant in Baghdad. In line with the directives of the Minister of Transportation, Mr. Razak Mahayb […]
By John Lee. Canada and the Food and Agriculture Organization of the United Nations (FAO) in Iraq have signed a four-year CAN$ 10M * (US$ 7.3 million) agreement to implement a project aiming to strengthen the climate resilience of vulnerable agriculture households in the Southern Iraqi Governorates of Babil, Missan, Muthanna, Najaf, Al Diwaniyah, Thi-Qar […]
You are invited to join the IBBC Tech Forum Live. Free to attend! 16th June, starting from 2:30pm BST 'The Digital Transformation of Iraq'
By John Lee. Indian engineering firm SEPC Ltd. (formerly Shriram EPC) has announced that it has successfully completed the Integrated Al Qibla Project in Basra, Iraq, for $236 million. The scope of work involved engineering, supply, and installation of primary sanitary sewer system, storm sewer system, trunk sewer system with connected pumping station and road […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully conducted the first coring operation in the Southern part of the East Baghdad Field, specifically in the Hartha Formation. EBS Petroleum, the Chinese field operator, reported that through the detailed analysis of the oil and gas evidence from the core samples, achieving a 100% success […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with a delegation from J.P. Morgan Bank, including Daniel Zelikow, Vice Chair, and Mr. Ghali Laraki, Head of MENA Public Sector Group. The meeting focused on supporting Iraq's banking sector, the Central Bank of Iraq (CBI), and the private sector. Discussions also touched on international […]
By John Lee. Iraqi Airways has resumed flights between Iraq and Georgia after an absence of nearly nine years. The first flight on the Baghdad-Erbil-Tbilisi route took off on Thursday. Flights will be weekly (Thursdays) initially, with the hope to eventually increase the frequency. (Source: Iraqi Airways)
By John Lee. The Iraqi parliament has approved a record budget of 198.9 trillion dinars [$152 billion] for 2023, following four days of debate. According to Al Jazeera, the planned fiscal deficit is 64.36 trillion Iraqi dinars [$49 billion], more than double the amount in the 2021 budget. The budget assumes an oil price of […]
