Featured Stories
Shell Signs $11bn Petrochemical Deal Disputed Kurdish Tanker Leaves US Investors may be sought for Grand Faw Port Yazidi Girls Tell of Escape from IS
 
Shell Signs $11bn Petrochemical Deal

Shell Signs $11bn Petrochemical Deal

By John Lee. Shell has reportedly signed a deal with Iraq worth $11 billion (12.8 trillion Iraqi dinars) to build a petrochemicals plant in Basra. On Wednesday, Industry Minister Nasser al-Esawi [Nasser al-Issawi] told a press conference that the Nibras complex would make Iraq the largest petrochemical producer in the Middle East. The news comes […]

Disputed Kurdish Tanker Leaves US

Disputed Kurdish Tanker Leaves US

By John Lee. The tanker of oil from Iraqi Kurdistan, which had been waiting off the US coast for six months due to legal proceedings, is reported to have finally set sail on Tuesday. According to a report from BasNews, the United Kalavyrta [United Kalavrta] (pictured) is now headed for the Straits of Gibraltar, following […]

Investors may be sought for Grand Faw Port

Investors may be sought for Grand Faw Port

By John Lee. Iraqi Transport Minister Baqr Jabr Al-Zubeidi (pictured) has said that Iraq is considering seeking foreign investors to fund the multi-billion-dollar Grand Faw [Grand Fao] port project. Emirates 24/7 quotes the Minister as saying that the transport ministry is unable to execute the $6-billion (7-trillion-Iraqi-dinar) project, and is considering awarding the project “on […]

Yazidi Girls Tell of Escape from IS

Yazidi Girls Tell of Escape from IS

By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. For Ibtisam, a 15-year-old Yazidi girl, the six months after the Islamic State (IS) attacked her hometown could not have been crueler. Her mother and three younger sisters were taken from the village of Tel […]

Shell Signs $11bn Petrochemical Deal

Shell Signs $11bn Petrochemical Deal

28 January 2015

By John Lee. Shell has reportedly signed a deal with Iraq worth $11 billion (12.8 trillion Iraqi dinars) to build a petrochemicals plant in Basra. On Wednesday, Industry Minister Nasser al-Esawi [Nasser al-Issawi] told a press conference that the Nibras complex would make Iraq the largest...

Read the full story

Posted in Construction & Engineering, Industry & Trade, Oil & Gas5 Comments

Disputed Kurdish Tanker Leaves US

Disputed Kurdish Tanker Leaves US

28 January 2015

By John Lee. The tanker of oil from Iraqi Kurdistan, which had been waiting off the US coast for six months due to legal proceedings, is reported to have finally set sail on Tuesday. According to a report from BasNews, the United Kalavyrta [United Kalavrta] (pictured) is now headed for the...

Read the full story

Posted in Oil & Gas3 Comments

Investors may be sought for Grand Faw Port

Investors may be sought for Grand Faw Port

28 January 2015

By John Lee. Iraqi Transport Minister Baqr Jabr Al-Zubeidi (pictured) has said that Iraq is considering seeking foreign investors to fund the multi-billion-dollar Grand Faw [Grand Fao] port project. Emirates 24/7 quotes the Minister as saying that the transport ministry is unable to execute...

Read the full story

Posted in Construction & Engineering, Transportation6 Comments

Yazidi Girls Tell of Escape from IS

Yazidi Girls Tell of Escape from IS

28 January 2015

By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. For Ibtisam, a 15-year-old Yazidi girl, the six months after the Islamic State (IS) attacked her hometown could not have been crueler. Her mother...

Read the full story

Posted in Security1 Comment

Currency Auction Results, 28th Jan

Currency Auction Results, 28th Jan

28 January 2015

By John Lee. The Central Bank of Iraq (CBI) has reported that 10 banks took part in its currency auction on Wednesday. A total of $40,151,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of...

Read the full story

Posted in Banking & Finance2 Comments

Is New National Guard the Key to Unifying Iraq?

28 January 2015

By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A wide range of armed forces beholden to different authorities outside the defense and interior ministries are spread across Iraq. This reality was...

Read the full story

Posted in Politics, Security0 Comments

Afren Shares Crash on Liquidity Fears

Afren Shares Crash on Liquidity Fears

27 January 2015

By John Lee. Shares in Afren plc have crashed by 67 percent by lunchtime on Tuesday, following an announcement from the company regarding its financing. The full text of the announcement follows: Afren plc ("Afren" or the "Company") provides an update regarding the review of its capital...

Read the full story

Posted in Investment, Oil & Gas5 Comments

Flights Suspended After Airplane Shooting

Flights Suspended After Airplane Shooting

27 January 2015

By John Lee. Several airlines have suspended flights to Baghdad on Tuesday after bullets hit an airplane as it was landing at Baghdad International Airport. Reuters reports that two passengers were slightly injured when three or four bullets hit the body of a flydubai plane carrying 154...

Read the full story

Posted in Security, Transportation6 Comments

Nina Iraq: Goodbye 2014, Hello 2015

Nina Iraq: Goodbye 2014, Hello 2015

27 January 2015

By Samar Rassam-Whitticombe, CEO of Somer Industrial Projects (SIP). This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. As we wave goodbye to 2014, I am reminded of all the superb achievements of the last 12 months. The ever-changing...

Read the full story

Posted in Construction & Engineering, Education & Training, Industry & Trade, Oil & Gas3 Comments

Egypt Forgives Iraqi Debt in Exchange for Oil

Egypt Forgives Iraqi Debt in Exchange for Oil

27 January 2015

By Ayah Aman for Al Monitor. Any oppinions expressed are those of the author, and do not necessarily reflect the opinions of Iraq Business News. Iraqi Prime Minister Haider al-Abadi’s visit to Cairo on Jan. 11 included several political, military and economic agreements, and marked a new...

Read the full story

Posted in Banking & Finance, Oil & Gas4 Comments

Video: Yazidis Hunker Down for Winter

Video: Yazidis Hunker Down for Winter

27 January 2015

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Last summer, tens of thousands of Yazidis faced searing heat as they fled a murderous jihadist onslaught in northern Iraq, but many survivors are now shivering in the snow:...

Read the full story

Posted in Security2 Comments

Parliament Launches NGO Human Rights Board

Parliament Launches NGO Human Rights Board

27 January 2015

The Council of Representatives (COR) this week launched in Baghdad the NGO Human Rights Advisory Board, which will assist the parliament's Human Rights Committee to effectively engage with the civil society and promote human rights through the legislative body. The UN Development Agency (UNDP)...

Read the full story

Posted in Politics, Security1 Comment

New Forum on Peaceful Coexistence and Reconciliation

New Forum on Peaceful Coexistence and Reconciliation

27 January 2015

Subsequent to the roundtable discussions on social cohesion amongst Iraq's social and political actors that were held in Baghdad on 26 and 27 November 2014 and following-up on their recommendations, the Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr.Nickolay...

Read the full story

Posted in Security0 Comments

Currency Auction Results, 27th Jan

Currency Auction Results, 27th Jan

27 January 2015

By John Lee. The Central Bank of Iraq (CBI) has reported that 12 banks took part in its currency auction on Tuesday. A total of $69,593,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of...

Read the full story

Posted in Banking & Finance1 Comment

Kerry is Lobbied on US Rice for Iraq

Kerry is Lobbied on US Rice for Iraq

26 January 2015

By John Lee. Mississippi’s congressional delegation has asked Secretary of State John Kerry to help encourage Iraq to buy more US-produced rice. According to a report from Clarion Ledger, they have asked for diplomatic assistance to improve trade relations with the Iraqi Grain Board (IGB),...

Read the full story

Posted in Agriculture, Industry & Trade4 Comments

Angelina Jolie: The World Must Do More

Angelina Jolie: The World Must Do More

26 January 2015

The UN refugee agency's Special Envoy Angelina Jolie is in Dohuk, Iraq, visiting Syrian refugees and displaced Iraqi citizens in the Kurdistan Region of Iraq to offer support to 3.3 million displaced people in the country and highlight their dire needs. Since Ms Jolie's last visit to Iraq in...

Read the full story

Posted in Security2 Comments

IBN Newsletter 'FREE Weekly Subscription'

Advertise with IBN