By John Lee. Prime Minister Muhammad Shia al-Sudani has dismissed the President and Chairman of Trade Bank of Iraq (TBI). The state-run Iraqi News Agency (INA) reported that al-Sudani "referred" Dr Salem Chalabi (pictured) "to retirement". Widely respected internationally, Dr Chalabi had been appointed by the previous Prime Minister, Mustafa Al-Kadhimi, in September 2020. According […]
By John Lee. The Governor of the Central Bank of Iraq (CBI) has reportedly been replaced, following the continuing fall in value of the Iraqi Dinar. Sources, including Associated Press, say that Prime Minister Mohammed Shia al-Sudani accepted the resignation of Mustafa Ghaleb Mukheef [Makhaif] (pictured), while others say the Governor was "sacked." It is […]
By John Lee. On Sunday, Prime Minister Muhammad Shia Al-Sudani chaired a meeting with the Federation of Iraqi Chambers of Commerce to discuss the causes of the fluctuations in the Iraqi dinar exchange rate, and their impact on citizens. The meeting aimed to develop decisive solutions to stabilize the exchange rate and limit damage to […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Despite criticism, Iraq's PM pursues expansion of public sector Iraqi Prime Minister Muhammad Shia' Al-Sudani has kicked off a major campaign to expand the country's social safety net. This comes only weeks after […]
By John Lee. Prime Minister Muhammad Shia Al-Sudani has chaired a meeting to discuss the best use of lands surrounding Baghdad International Airport (BIAP). He ordered a ban on the granting or investment licenses and what was described as the "illegal disposal" of these lands, and stressed that any projects being implemented in this region […]
By John Lee. Prime Minister Muhammad Shia'a Al-Sudani has dismissed the Governor of Diwaniyah, Mr. Zuhair Ali Al-Shaalan, as he is under investigation on suspicions of corruption, which are being considered by the relevant courts. He also dismissed Iyad Mahmoud Hadi Al-Jubouri from the duties as head of the National Retirement Authority, based on the […]
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi prime minister sees tensions spike with political allies Differences are growing between Iraqi Prime Minister Muhammad Shia al-Sudani and his political ally in parliament, the Coordination Framework. Click here to […]
Joint communiqué/Baghdad Conference for Cooperation and Partnership 2022 In light of the decision taken at the conference held in Baghdad on 28 August 2021, and at the invitation of His Majesty King Abdullah II, in coordination with His Excellency President Emmanuel Macron of the French Republic and His Excellency Prime Minister Mohammed Shia al-Sudani of […]
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi PM stresses need for regional reconciliation at summit in Jordan Iraqi Prime Minister Mohammed Shia al-Sudani attended the second round of the Baghdad conference today in Jordan and expressed Iraq's […]
From The Economist. Iraq's new prime minister vows to clean up the country The puzzle for Iraq's kleptocrats was always how to spirit their stolen billions out of the country. Foreign banks have been wary of accepting large transfers from Baghdad. Taking piles of cash out by land is risky; Kurds closely watch the frontier […]
By John Lee. The Iraqi government has confirmed its commitment to maintaining the stability of the local market, by supporting the stability of the exchange rate of the dollar against the Iraqi dinar. In a statement, Prime Minister Muhammad Shia Al-Sudani said the government supports the steps of the Central Bank of Iraq (CBI) in […]
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi PM calls for closer ties with China During the Arab-China Summit in Riyadh, Muhammad Shia al-Sudani expressed Iraq's willingness to join the Belt and Road Initiative and expand ties and […]
