By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq increases deficit to pay salaries The Iraqi parliament approved on November 12th the funding deficit law, entitling the government to borrow 12 trillion dinars ($10 billion) from internal […]
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Salaries of Iraqi Officials Depleting State Budget
From Middle East Monitor, under a Creative Commons licence. Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Salaries of Iraq senior officials depleting state budget The "astronomical" salaries of the president, ministers, members of parliament and other senior ranking officials in Iraq are depleting […]
Iraq's Plans to Cut Salaries face Strong Backlash
By Omar al-Jaffal for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's plans to cut salaries face strong backlash The government of Iraqi Prime Minister Mustafa al-Kadhimi is seeking to reopen the "social justice" issue regarding state spending on salaries. […]
Cabinet Ends Double Payments to fmr Detainees at Camp Rafha
Iraq's Council of Ministers (Cabinet) has announced details of its decision taken at its regular weekly meeting on 09/06/2020 in relation to the payment of more than one salary and other benefits to former detainees at Camp Rafha. The decision ends the payment of more than one salary, restricts the payment to heads of household […]
Govt Slashes Salaries of Top Officials
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 […]
Cabinet Gives Itself a Pay Cut
By John Lee. The Iraqi Council of Ministers has reportedly approved a cut of 45 percent in ministerial salaries. It also approved a resolution to pay equal salaries to all Vice Presidents, Deputy Prime Ministers, and the Deputy Speaker. (Source: AIN)
Gulf Keystone Boss Pockets $20m
Todd Kozel (pictured), CEO of Iraq-focused oil explorer Gulf Keystone Petroleum (GKP) will receive a $20 million pay package, making him one of the UK's highest paid executives. According to Reuters, his earnings doubled in 2011 to at least 12.8 million pounds ($20 million), 11 million of which is in share awards plus a cash […]
Expat Oil Execs Earn $355k in Iraq
A study by the recruitment consultants Curzon Partnership showed that executives working in Libya or Iraq can expect a total salary of around $354,900. This compares to a total salary to $454,400 a year in Nigeria, representing a 45 percent premium over salary levels in Britain for working abroad. Oil industry executives in Indonesia can […]
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Basra Oil Workers Get 30% Salary Increase
Iraq’s government said it would raise salaries at its southern oil terminals, following threats of a strike that would paralyse oil exports, reports AFP. “The cabinet decided to grant a 30 percent increase in salaries of employees at the oil terminals in Basra and in Khor al-Aamaya” near the southernmost Faw peninsula, government spokesman Ali […]
Tags: salaries, South Oil Company
Iraq to Slash Politicians' Salaries in Weeks
Iraq’s parliament plans to adopt legislation to cut the pay and benefits of top officials by the end of the month, Speaker Usama al-Nujaifi [al-Najafi] (pictured) has said. According to the report from Bloomberg, parliament will start discussing the matter on April 26 and pass either one law or three separate laws by the end […]
Iraqi Oil Workers Cheapest in the World
Local oil and gas workers in Iraq receive an average salary of nearly $22,000 per annum, the lowest in the sector worldwide. Their foreign counterparts working in Iraq receive $94,800, according to a report from recruitment group Hays Oil & Gas. Globally, oil and gas industry workers make an average of nearly $76,000 per year, […]
Details of Proposed New Ministers' Salaries
Iraq’s Presidency issued a draft-law on Monday for the monthly salaries of high-ranking officials and employees, already approved by the Council of Ministers, a copy of which was sent to the Parliament, according to Aswat al-Iraq news agency. The draft-law would set the basic monthly salary of the President and the Prime Minister at 8 […]
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