Cabinet Approves Baghdad British International School
Iraq's Cabinet has approved a decision allowing the Ministry of Education to grant a founding licence to the private-sector Baghdad British International School, in accordance with relevant laws, regulations, and guidelines.
The approval is conditional upon the school fulfilling all foundational requirements. The Ministry of Education has also been instructed to finalise the administrative directives as outlined in the Private and Foreign Education Regulation No. 5 of 2013, in line with applicable Cabinet decisions.
(Source: PMO)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Iraq Business
5 hours ago
- Iraq Business
Govt Denies Destruction of 62 Trillion Iraqi Dinar
By John Lee. The Financial Adviser to the Iraqi Prime Minister, Dr. Mudhhir Mohammed Saleh, has firmly denied social media rumours claiming the destruction of half of Iraq's currency supply - approximately 62 trillion dinars [$47 billion] - as " economically absurd and completely unfounded ". In remarks to the state-run Iraqi News Agency (INA) , Saleh clarified that Iraq's total issued monetary mass does not exceed 100 trillion dinars, including both circulating and reserve cash. The notion that more than half of this amount could be destroyed by environmental or biological factors - as claimed in rumours citing " rats and mice " - is " impossible and institutionally unthinkable ". He explained that about 88 percent of Iraq's money supply is held outside the banking system, largely by individuals due to longstanding cultural habits, not stored in a single location that could suffer such widespread damage. Saleh stressed that Iraq's currency management is governed by strict procedures covering printing, storage, inspection, and replacement. " Such a massive loss could not occur without detection, " he said, denouncing the rumours as a deliberate attempt to stir public anxiety. He urged citizens to avoid spreading fabricated news that undermines public trust, especially during a period requiring national cohesion and confidence in the country's financial institutions. (Source: INA)
Iraq Business
a day ago
- Iraq Business
Iraq Reduces Foreign Debt Liabilities
By John Lee. Iraq's state-owned Rafidain Bank has announced that it has "completed" 87 percent of its foreign debt obligations through high-level legal and financial negotiations, significantly reducing the country's external liabilities. As part of Iraq's adherence to the Paris Club Agreement and with direct Cabinet approval, the bank concluded major settlements with Dutch and French creditor companies. The most notable was under Cabinet Resolution No. 403 of 2025, which settled three Dutch lawsuits with a waiver exceeding 90 percent of the claimed amounts in favour of the bank. Additionally, the bank achieved key legal victories in Turkey and Lebanon, recovering over $2.8 million in assets. According to a statement from Rafidain, this highlights the competence of Iraq's legal apparatus in defending state interests abroad. Rafidain Bank confirmed it is pursuing final settlements to close the remaining debt portfolio, aiming to bolster Iraq's sovereign credit rating and reinforce global confidence in its fiscal governance. (Source: Rafidain Bank)
Iraq Business
2 days ago
- Iraq Business
Cabinet Approves Baghdad British International School
By John Lee. Iraq's Cabinet has approved a decision allowing the Ministry of Education to grant a founding licence to the private-sector Baghdad British International School, in accordance with relevant laws, regulations, and guidelines. The approval is conditional upon the school fulfilling all foundational requirements. The Ministry of Education has also been instructed to finalise the administrative directives as outlined in the Private and Foreign Education Regulation No. 5 of 2013, in line with applicable Cabinet decisions. (Source: PMO)
