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GKP Receives Further Payment from KRG

By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $19.7 million ($15.5 million net to GKP) has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil sales during March 2018. (Source: GKP)

Baghdad Entrepreneurs get Communal Space and Resources

By Alexander Southworth, Iraq Britain Business Council (IBBC). IBBC Long Read: The Station – Iraq’s the first combined workspace in Iraq, providing tech and artistic entrepreneurs with a communal space and resources to develop and expand business projects. The Iraq Britain Business Council (IBBC) recently completed a mission to Baghdad, where Christophe Michels, Managing Director and […]

New Airline Launched in Iraqi Kurdistan

By John Lee. Fly Erbil, Iraq’s only Kurdish airline, successfully completed its first scheduled flight on Monday. The plane set off from Erbil International Airport en route to Stockholm in Sweden. The airline’s administrative director Ahmad Jamal told AFP that Fly Erbil currently has three planes and plans to increase to 10 in the future. […]

Operation Roundup Hits ISIS Remnants in Iraq, Syria

Combined Joint Task Force Operation Inherent Resolve and its partners have increased offensive activity against Islamic State of Iraq and Syria targets in designated parts of Iraq and Syria throughout the months of May and June. Since the May 1 start of Operation Roundup, Syrian Democratic Forces resumed major offensive operations in the Middle Euphrates […]

Multi-Billion Dollars Needed to Keep Water Flowing

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Ibrahim Saleh. Multi-Billion Dollar Budget Needed To Keep Iraq’s Water Flowing In Baghdad, locals have been fretting about dramatic falls in the level of the Tigris river. The government […]

Video: Angelina Jolie visits Devastated Mosul

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. UNHCR Special Envoy Angelina Jolie visits West Mosul, less than a year after the city’s liberation. The visit marks Jolie’s 61st mission – and her fifth visit to Iraq – with the UN Refugee […]

Iraq Wheat Purchases “Below Target”

By John Lee. Iraq has reportedly bought 1.75 million tonnes of domestic wheat so far this season. According to the report from Reuters, the is well below a trade ministry’s target of 2.5 million tonnes. The wheat purchasing season began on 16th April and is expected to last until the end of June. (Source: Reuters)

Water Shortages: Iraq Bans planting of Rice, Corn

By John Lee. Iraq’s Ministry of Water Resources has reportedly banned farmers from planting rice and corn, due to increasing shortages in the country. According to Reuters, Minister Hassan al-Janabi (pictured) has decided to prioritise drinking water, industry and the growing of vegetables. The Agriculture Ministry is said to be embarrassed about the decision, especially […]