UNHCR, the UN Refugee Agency, has welcomed the latest contribution of Euro 13m from Germany to provide shelter and protection assistance to over 3 million displaced Iraqis. This generous support will enable UNHCR to continue its interventions in providing humanitarian assistance and protection activities in supporting the internally displaced persons with their basic needs, shelter, […]
By John Lee. The number of tourists visiting the Kurdistan Region of Iraq over the Ramadan holidays has doubled since last year to 243,000 people. The income generated is estimated at $73 million. Nawroz Mawlud, the minister for Municipalities and Tourism told Rudaw that about 70 percent of the tourists came from southern and central […]
By John Lee. A US-based arts-and-crafts retailer has agreed to pay a $3 million fine for illegally importing thousands of ancient Iraqi artifacts smuggled into the US through the United Arab Emirates (UAE) and Israel. in December 2010, Hobby Lobby executed an agreement to purchase over 5,500 artifacts, comprised of cuneiform tablets and bricks, clay […]
By John Lee. The United Nations has advertised new positions in Iraq: Procurement Assistant, United Nations Assistance Mission for Iraq (UNAMI) National Emergency Preparedness and Response Officer, United Nations Assistance Mission for Iraq (UNAMI) Human Resources Assistant, United Nations Assistance Mission for Iraq (UNAMI) Human Settlements Officer, United Nations Human Settlements Programme Technical Officer, World […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Finance Coordinator, Médecins du Monde General Coordinator, Médecins du Monde Humanitarian Programs Team Leader, Mercy Corps Finance Director, Mercy Corps Facilitator, World Vision Project Coordinator, World Vision Team Leader, World Vision Roving Logistics Coordinator, Oxfam Call Centre Operator, United Nations Office for […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Mid-year Assessment of Oil Export Revenues and Budgetary Implications Iraqi data on oil exports and generated revenues for the first half of 2017 provide the material evidence to assess the impacts of […]
Deloitte Middle East (DME) has launched a guide to doing businesss in Iraq. The “Doing business guide - Understanding Iraq’s tax position” addresses the key tax considerations for doing business in Iraq, alongside key economic, industry and market drivers which impact starting up a business there. The complexity of tax compliance in Iraq has grown […]
By John Lee. Norway's DNO has reported receipt of $40.66 million from the Kurdistan Regional Government (KRG) as payment towards April 2017 crude oil deliveries to the export market from the Tawke license. The funds, to be shared pro-rata by DNO and partner Genel Energy, include $34.10 million towards monthly deliveries and $6.56 million towards […]
By John Lee. Kuwait's Ministry of Finance and Kuwait Airways Corporation (KAC) are reported to have been coordinating efforts to receive $500 million from Iraqi Airways. The money is scheduled to be paid in one or two tranches over the next few months. According to Arab Times, an initial agreement for Iraq Airways to pay $300 […]
By John Lee. Russia’s Uralvagonzavod (UVZ) will supply 73 of its T-90S/SK tanks to Iraq this year, according to information from the corporation's 2016 annual report, published on Tuesday, According to the report from TASS, T-90S is an export variant of the Russian-made T-90 third-generation main battle tank, while the T-90SK main battle tank is designed […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Wednesday, conducting 34 strikes consisting of 93 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
By Padraig O'Hannelly. Following the success of his first article on the Iraqi Stock Market, we are delighted to announce that Ahmed Tabaqchali (pictured) has joined the Iraq Business News Expert Blogger panel. Ahmed is the Chief Investment Officer of Asia Frontier Capital's Iraq Fund, and is an experienced capital markets professional with over 25 […]
