From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

Baghdad ruling deals blow to Kurdistan Region’s gold trade

The Iraqi Civil Aviation Authority‘s decision to ban the import and export of gold to and from the Kurdistan Region last month has triggered anger among goldsmiths and government officials.

According to a copy of the decision seen by Rudaw English, the import and export of gold is now only authorized at Baghdad and Najaf airports.

Click here to read the full story.

The post Baghdad ruling deals Blow to Kurdistan’s Gold Trade first appeared on Iraq Business News.

By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

Kadhimi’s Rolling Reshuffle (Part 2): Protecting Iraq’s Economic Institutions and Borders

On September 14, Baghdad announced a range of strategic leadership appointments for institutions tasked with overseeing Iraq’s economy, borders, and anti-corruption efforts-a list that includes banks, customs authorities, airports, seaports, land crossings, municipal bodies, investigative committees, and more.

The ambitious scope of the appointments and the centralized manner in which they were made says a great deal about Prime Minister Mustafa al-Kadhimi’s commitment to changing the corrosive status quo in Baghdad.

The question now is whether his government can withstand the coming pushback from militia and political elements who benefit from that status quo. The following is a digest of the new technocratic appointments and their implications; see Part 1 of this PolicyWatch for a discussion of Kadhimi’s recent military reshuffling.

Click here to read the full article, which includes details of the new appointments.

The post Details of PM’s New Appointments to Key Institutions first appeared on Iraq Business News.

By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

Kadhimi’s Rolling Reshuffle (Part 2): Protecting Iraq’s Economic Institutions and Borders

On September 14, Baghdad announced a range of strategic leadership appointments for institutions tasked with overseeing Iraq’s economy, borders, and anti-corruption efforts-a list that includes banks, customs authorities, airports, seaports, land crossings, municipal bodies, investigative committees, and more.

The ambitious scope of the appointments and the centralized manner in which they were made says a great deal about Prime Minister Mustafa al-Kadhimi’s commitment to changing the corrosive status quo in Baghdad.

The question now is whether his government can withstand the coming pushback from militia and political elements who benefit from that status quo. The following is a digest of the new technocratic appointments and their implications; see Part 1 of this PolicyWatch for a discussion of Kadhimi’s recent military reshuffling.

Click here to read the full article, which includes details of the new appointments.

The post Details of PM’s New Appointments to Key Institutions first appeared on Iraq Business News.

By John Lee.

The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi, at which it agreed to:

  • Authorise the Ministry of Labour and Social Affairs to coordinate with the Ministry of Youth and Sports on the implementation of the National Project for Youth Employment
  • Approve the financial conditions of two loans from the Saudi Fund for Development, and to authorise a representative of the Ministry of Finance to sign the necessary contracts for the construction of a silo for wheat storage in Diwaniyah and the Saqlawiya Hospital in Anbar
  • Authorise the Director General of the Civil Aviation Authority to negotiate and sign a draft air transport agreement between the Republic of Iraq and the Kingdom of Bahrain, as amended by the State Council

(Source: Govt of Iraq)

The post Iraqi Cabinet Approves Loans from Saudi Arabia first appeared on Iraq Business News.

By Al Monitor staff. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.

Flights between Turkey, Iraq suspended another month

Turkey’s flight suspension to and from Iraq has been extended through October 1, Iraq’s civil aviation authority announced Monday amid a rising number of coronavirus cases.

Click here to read the full story.

The post Flights between Turkey, Iraq suspended another Month first appeared on Iraq Business News.

By John Lee.

The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi.

At its meeting, the Cabinet discussed the urgent needs in Dhi Qar province, and agreed to allocate 50 billion dinars to Dhi Qar Governorate.

The Cabinet also authorised the Iraqi Civil Aviation Authority (ICAA) to sign a contract for the construction of Dhi Qar International Airport [Nasiriyah Airport]. It gave no information regarding the contractor, the value of the contract, or the timescales involved.

(Source: Govt of Iraq)

By John Lee.

The Iraqi Civil Aviation Authority (ICAA) has reportedly extended of the ban on regular flights in the country until 15th July.

According to Xinhua, the ban includes both domestic and international flights with the exception of those of emergency, medical evacuation and air cargo as well as planes that cross Iraqi airspace.

In another exception, Iraqi Airways will resume commercial flights between Baghdad and Beirut starting 2nd July.

(Source: Xinhua)

By John Lee.

The National Investment Commission (NIC) has announced the following investment opportunities:

(Source: National Investment Commission)

The National Investment Commission (NIC) in coordination with the Iraqi Civil Aviation Authority (ICAA) are pleased to announce the investment opportunity of the construction of Diwaniya New Airport according to the provisions of the investment law No. 13 for the year 2006 as amended, and the international general technical and operational requirements for constructing the civil airports stipulated in the ICAO policies, taking in to consideration that the announced airport is to be constructed in Diwaniah province on a part of the lot numbered (10/1 m 24 Al- Fawar)

Local and foreign specialized companies willing to participate  are hereby invited to apply through filling in the application form available on the NIC website (investpromo.gov.iq)

During a period of (60) days from the date of publishing this announcement , enclosed below the ICAA requirements which must be taken in to consideration when the form applied and for any further information please visit the office of the Iraqi Civil Aviation Authority:

Baghdad International Airport- 3rd Floor

info@icaa.gov.iq

P.O Box: 23006 BIAP

ICAA requirements

  • Approving the establishment of any civil airport is exclusively limited to Iraqi Civil Aviation Authority (ICAA) based upon the provision No. (16) of the Civil Aviation Law No. (184) for 1974, as amended.
  • ICAA is working on preparing a master plan for air transportation in Iraq in cooperation with the International Bank and the International Finance Corporation (IFC), which will be a foundation to gear up the air transportation in the country by developing policies, developing and upgrading the national airports and the institutional rehabilitation of the Civil Aviation Authority.
  • Until the master plan, referred to in paragraph  (2) above is fully prepared,  and in order to obtain the ICAA approval to establish any commercial civil airport through investment, we hereby recommend the authorities requiring the establishment of any airport (as a province) to prepare a detailed feasibility study, in cooperation with sober consultations institutions (fully credited in technical, legal and financial aspects) approved by the Ministry of Planning or the country of the foreign consultations institutions, and submit it to the Civil Aviation Authority in order to be studied and approved after ensuring that the project idea meets all economic and servicing stipulations (including the primary written agreement with one of the national carriers which will operate the airport within the required capacity) required to construct and operate any airport.
  • After obtaining the initial approval of the Authority referred to in paragraph (3) above , the province shall ask the NIC in written letter to announce the project as an investment opportunity according to investment law No. 13 for 2006, as amended providing the application of the following requirements:
  • Economic feasibility study ( in order to be compared to the one prepared by the consultations institution referred to in paragraph (3) above providing that it meets the basis of the developmental projects feasibility studies prepared by the Ministry of Planning in minimum)
  • Develop the Airport master plan
  • Develop the Airport conceptual plan

(Source: NIC)

(Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)

By John Lee.

Iraq Duty Free has reportedly signed a ten-year contract with the Iraqi Civil Aviation Authority (ICAA) and the Ministry of Transport to run shops at the new Kirkuk International Airport.

The Moodie Davitt Report quotes Iraq Duty Free CEO Ahmed Kamal as saying that the Financial Links-owned retailer will open a 190 sq m store in departures and a 230 sq m store in arrivals when the new airport opens early next year.

(Source: The Moodie Davitt Report)