By John Lee. Iraq's Council of Ministers (Cabinet) has set a 10-working-day limit for the audit of strategic, urgent, and high-value government contracts in Iraq. According to the Prime Minister's Office (PMO), the rule applies to contracts exceeding IQD 1 billion (USD 763,000), with the Federal Board of Supreme Audit (FBSA) retaining its authority to […]
By John Lee. Ahead of the upcoming Iraq Investment Forum scheduled for Saturday, the Iraqi Cabinet has approved a set of legal and procedural mechanisms governing the presentation and awarding of investment opportunities. The Council of Ministers issued the following decisions: Adoption of competitive evaluation criteria in cases where multiple companies apply for the same […]
By John Lee. As part of its financial reform efforts, Iraq's Cabinet has approved the allocation of 4 billion dinars [$3 million] to the Iraqi Securities Commission for the modernization and maintenance of electronic systems used for stock and bond trading. The project, exempted from standard government contract procedures, will be executed in partnership with […]
