By John Lee. An Iraqi 100-dinar note has reportedly sold at auction in London for £29,760 ($39,161). The rare 1942 note features a portrait of King Faisal II as a child, and beat the estimate of £10,000 to £15,000. According to Coinworld, it was bought by "an advanced collector of Iraqi paper money and coins." […]
By John Lee. Iraq has launched an initiative to plant one million trees and seedlings in order to increase green spaces, achieve sustainable development and reduce desertification. The Director General of the Non-Governmental Organizations Department, Mr. Ashraf Abdel Karim Al-Dahan, said the project includes environmental awareness, agricultural campaigns, and providing state institutions, universities, schools, public […]
By John Lee. The Iraqi Cabinet has approved a contract between the Ministry of Electricity and Iran's Power Generation and Distribution Company (Tavanir) for the supply of electricity. According to details released from the cabinet meeting this week, the term of the contract shall be five years, and the price is reduced from 3.4 cents […]
By John Lee. Iraq has extended its suspension of customs duties on basic commodities such as foodstuffs, construction materials and essential consumables from two months to three months. It has also similarly extended its suspension of the import ban on some goods, including foodstuffs, consumables, and medicines from two months to three months. The initial […]
Consultation workshop on the Commercial Arbitration Bill and the New York Convention to implement its mechanisms paving economic growth in Iraq As Iraq acceded recently to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, which entered into force on 9 February 2022, UNDP in partnership with the European Union (EU) […]
By John Lee. First Abu Dhabi Bank (FAB) has announced that it will open a representative office in Iraq. The new representative office will primarily service Sovereign and Government Related Entities (GREs), Financial Institutions and Iraqi institutional clients in addition to clients with business interests in Iraq. Hana Al Rostamani (pictured), Group Chief Executive Officer […]
UNFPA hands over 11 women centres in Duhok to the Ministry of Labour & Social Affairs UNFPA and its partner Harikar Organisation handed over 11 Women Community Centres to the Directorate of Labour and Social Affairs in Duhok. The Women Community Centres were first established by UNFPA in 2013 amid the humanitarian crisis, during the […]
Genel Energy has announced its audited results for the year ended 31 December 2021. Bill Higgs, Chief Executive of Genel, said: "Our strategy and business model remain focused on cash generation. Prior to the invasion of Ukraine and the associated increase in the oil price, we were well positioned for our free cash flow to […]
By Michael Knights, 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. Iran's Cross-Border Strikes: A Pattern in Search of a Policy The latest strike on Iraq points to a brazen, illegal, and dangerous strategy of exercising […]
Improving Delivery of Animal Health Services and Disease Surveillance in Iraq (Legislation Training workshop) 41 government legal advisors and veterinary representatives throughout Iraq participated in the workshop hosted by the Food and Agriculture Organization (FAO) under the title of veterinary legal legislation, in cooperation with the Ministry of Agriculture, and within the activities of the […]
By John Lee. Iran's Islamic Revolutionary Guards Corp (IRGC) has claimed responsibility for a missile attack early on Sunday near the US consulate in Erbil. Among the buildings damaged were the offices of the Kurdistan24 news agency. No injuries were reported, which Iran said was retaliation for an Israeli strike in Syria that killed two […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. In pursuit of gas, will Turkey choose Erbil over Baghdad? Iraq's federal supreme court last month ruled that a 2007 law allowing the Kurdistan Regional Government (KRG) to manage oil and natural gas […]
