The Iraqi government says Iraq faces an immediate challenge caused by the decline in oil prices and the impact this has had on the economy and fiscal liquidity. Officials say that the impact of the fall in oil prices is compounded by other weaknesses caused by decades old policies of a command economy, and by […]
By Adam Lucente for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Criticism mounts in Iraqi Kurdistan over unpaid teacher salaries Ferhat is an English teacher at a public school in Erbil, the capital of Iraq's autonomous Kurdistan Region. His salary comes from the Kurdistan Regional Government […]
Cabinet announces Eid holiday, authorises payment of May salaries of state employees The Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister told the Cabinet that the government is determined to overcome the security, economic and health challenges facing the […]
By Dr Amer K. Hirmis. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Public sector investment in Iraq - What strategic priorities for the new Prime Minister? Iraq is still in turmoil, four months since the Uprising, in October 2019. Meanwhile, Prime Minister (PM) […]
KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani has today chaired a cabinet meeting to discuss the draft Reform Bill, a central pillar of the Kurdistan Regional Government’s agenda. Developed as a joint initiative involving all parties in the government, the Reform Bill includes a series of measures designed to provide more […]
By Ali Al-Mawlawi. Public Payroll Expansion in Iraq: Causes and Consequences The public payroll in Iraq has grown unchecked since 2003, commensurate with the country’s vastly expanding oil wealth. With few alternative sources of government income, the state budget’s growth poses worrying questions about whether this ongoing trend can be sustained without risking economic ruin. […]
By John Lee. The Iraqi Government has said it will reduce the salaries of ministers, members of parliament, and senior officials by up to 50 percent, and invest the money saved in a new social security fund to support Iraqis in need. In a statement on Friday, it also announced the establishment of a special […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Thousands of university graduates in oil-rich Iraq are protesting outside government ministries in Baghdad, demanding jobs. Unemployment for young adults stands at 22 percent and the government admits it has not planned for […]
By John Lee. The Iraqi government has said it intends to extend pension rights and other benefits to public sector employees on short term and daily contracts. At a cabinet meeting in Baghdad on Tuesday, Prime Minister Adil Abd Al-Mahdi told the Cabinet that the government intends to introduce measures to give public sector employees on […]
A new report by Ali Al-Mawlawi (pictured) argues that the illusive nature of long-term stability in the Middle East necessitates a strong commitment by Iraq’s political leaders to develop a sustainable economic and fiscal regime that can absorb future shocks to the system. According to the World Bank, government expenditure as a percentage of GDP […]
Iraq’s Institutional Performance Management System endorsed for implementation across Iraq’s Public Sector The Council of Ministers has endorsed “Iraq Government-Wide Institutional Performance Management System” for immediate application across public sector institutions in Iraq. The system is a non-prescriptive business excellence framework for organizational management, designed to help organizations to become more competitive. It provides a […]
By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. While Iraq’s war against terror is far from over, the conclusion of the Mosul offensive should mark the high point in the cost of […]
