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Iraq introduces Tax Incentives for Point-of-Sale (POS) Terminals

By John Lee. The Iraqi Cabinet has approved the recommendations of the Ministerial Council, encouraging the use of electronic point-of-sale (POS) terminals. The use of electronic transactions has been shown to improve security, efficiency and convenience for retailers and customers. Specifically, the cabinet approved the following measures: The Central Bank of Iraq (CBI) simplifies the ....

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Genesis Crypto Firm Files Chapter 11 Bankruptcy Filing

Poor cryptocurrency valuations and continued fallout from FTX's downfall left Genesis unable to pay its creditors. ....

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Switzerland supports reopening Embassy in Baghdad

By John Lee. Iraq's Deputy Prime Minister and Foreign Minister, Fuad Hussain, met with Swiss Foreign Minister, Ignace Cassis, on Tuesday, on the sidelines of the Davos conference. Minister Hussain emphasized that Iraq is playing a role in bringing the perspectives of some regional countries together, with the aim of creating a stable environment in ....

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KRG Clears 2m+ Square Meters of Mined Land | Iraq Business News

By John Lee. The Kurdistan Region Government (KRG) has issued data on the clearance of mined land over the past year: 2,316,756 square meters of land was cleared of mines and IEDs in the Kurdistan Region in 2022. 47 fields were cleared of landmines, with 27 cleared by the Iraqi Kurdistan Mine Action Agency (IKMAA) ....

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CoinDesk Eyes a Sale As Owner DCG Suffers the Fallout of Its FTX Scoop

CoinDesk broke the story that triggered FTX's solvency crisis in November – but its owners Digital Currency Group have been caught up in the liquidity crunch now plaguing crypto. ....

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