Archive | Politics

Iraq Business News brings you the latest Iraqi politics news, keeping you up to date with the latest information and developments.

Tehran-Baghdad sign One-Year Oil Swap Deal

Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil is for one year. “This is an agreement for one year and then we will see after that […]

Iraq “Fully Implements” Chapter VII, Oil-for-Food Program

The UN Security Council announced on Friday that all the measures imposed in its resolutions 1958 (2010) and 2335 (2016) pursuant to Chapter VII of the Charter of the United Nations in relation to the Iraq oil-for-food programme had been fully implemented. Unanimously adopting resolution 2390 (2017), the Council welcomed the fact that the remaining funds in the […]

KRG efforts to Simplify Access to Govt Services

Key Ministers and officials from the Kurdistan Region of Iraq (KR-I) alongside representatives of the private sector, civil society, labour unions, the international community, donors and development agencies convened at a high-level conference yesterday in Erbil on E-Governance and Public Service Centres. The Ministry of Interior of the KR-I organized the conference under the auspices […]

Funding Facility for Stabilization Q3 Report

By the end of the third quarter of 2017, UNDP’s Funding Facility for Stabilization (FFS) was undertaking 1,208 projects in 23 cities across five governorates in Iraq. Over one quarter of the projects were being implemented in the city of Mosul, which was fully liberated in July 2017. The liberation of all of Mosul marked […]

Delay looks likely for Iraqi Elections

By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  It’s beginning to look like Iraq won’t make it to the polls on time — again. Though Prime Minister Haider al-Abadi just announced Dec. 5 that parliamentary and local elections will be […]

Saudi, Iraq sign 18 Major Energy Deals

By John Lee. Saudi Arabian companies have signed 18 agreements with the Iraqi government to jointly develop several key projects in the energy sector. The statement from the Iraqi Oil Ministry gave little detail, but quotes the Saudi Minister of Energy Khalid Al-Falih as saying that Saudi companies are keen to develop relations with Iraq, […]

How Likely is a New Government really in Iraqi Kurdistan?

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. Since the ill-fated Kurdish independence referendum, critics have been calling for the current government of the region to be replaced. But, as some critics say, nobody is serious about this […]

What next for PMU in Anbar Province?

By Shelly Kittleson for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Flags of Iran-backed Asaib Ahl al-Haq (League of the Righteous) — with their distinctive arm thrusting a gun upward over a green Iraq against a white background, a strip of red and a Quran […]

US emphasises Importance of Sound Banking System

US Ambassador to Iraq Douglas Silliman (pictured) has  joined other distinguished guests and speakers at the Iraq Banking and Investment Summit on December 2. The Ambassador spoke about the need to create economic opportunity for Iraq’s younger generation through a transition from a government-controlled, oil-based economy, toward a more diversified free market system that fosters […]

Iraq Falls Again in Prosperity Index

By John Lee. Iraq has fallen one place in this year’s Legatum Institute Prosperity Index, ranking in 142nd place out of the 149 countries measured. The index ranks countries according to its nine pillars of prosperity: Economic Quality, Business Environment, Governance, Personal Freedom, Social Capital, Safety and Security, Education, Health and Natural Environment. Despite Iraq’s […]

“Unprecedented Upsurge” in Iraqis seeking Second Citizenship

By John Lee. The escalating tensions between Baghdad and Erbil have triggered an unprecedented upsurge in applications from wealthy Iraqi nationals for second citizenship programs. Data collected by Savory & Partners, one of the largest companies in the Middle East that provides citizenship-by-investment programs, shows that compared to the same quarter last year, interest has […]

Iraq plans New Bond Issue in 2018

By John Lee. Following Iraq’s successful return to the bond markets earlier this year, it is now reportedly planning a $2 billion sovereign bond issue in 2018. The Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq [Alak] (pictured), told Reuters that the plan is currently awaiting parliamentary approval. He added […]