Rouhani in Baghdad seeks Outlets against US Sanctions

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iranian President Hassan Rouhani arrived in Baghdad on March 11 amid his government’s efforts to expand ties with Iraq to reduce the impact of US sanction on Iran’s economy. Prior to departing Tehran, Rouhani remarked, “[Iran’s ties with Iraq] […]

Iran-Iraq Banking Problems “Settled”

The Secretary of Iran-Iraq Chamber of Commerce said the obstacles to banking interaction between the two neighbors have been settled and the bilateral trade exchange is fairly normal. In comments at a televised program on Sunday night, Hamid Hosseini said the problems with banking relations between Iran and Iraq have been resolved and the process […]

Iraq hosts Lebanese Business Delegation

By John Lee. A delegation of major Lebanese companies have arrived in Baghdad for a series of meetings with Iraq’s National Investment Commission (NIC). The were accompanied the Lebanese Minister of Telecommunications, Dr. Muhamed Shuqair, and the opening meeting was attended by the Iraqi Minister of telecommunications, Dr. Naeem Al- Rubaiee; NIC Chairman, Dr. Sami […]

Video: Will sanctions affect Iran-Iraq Economic Relations?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. How will US sanctions affect Iran-Iraq economic relations? The Trump administration is giving Iraq a few more months to continue buying oil and electricity from neighbouring Iran before the United States enforces sanctions […]

GKP Maintains Production Guidance; Shares Up

Shares in Gulf Keystone Petroleum (GKP) were trading up 3 percent on Monday after the company provided an operational and corporate update on its operations in Iraqi Kurdistan. Analyst Peel Hunt has reportedly re-issued its “Buy” rating during the morning. Operational Operational activity continues at the Shaikan Field (pictured) to complete the debottlenecking programme in […]

Iranian President visits Baghdad

By John Lee. Iran‘s President Hassan Rouhani arrived in Iraq on Monday as the head of a high-ranking political and economic delegation at the official invitation of the President and Prime Minister of Iraq. Barham Salih, President of Iraq, officially welcomed President Rouhani at Baghdad’s as-Salam Palace. Dr Rouhani will have meetings with the President […]

GardaWorld Weekly Security Report

GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld’s Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]

Video: Where is the Money for Iraq Reconstruction going?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In Iraq, reconstruction remains a daunting obstacle to displaced people returning home. The government has allocated money and established commissions for people to file for assistance. But there is little sign of that […]

US Sanctions Radical Militia Group

By John Lee. The United States Treasury Department has sanctioned Harakat Hezbollah al Nujaba, a radical Muslim militia group of about 10,000 fighters, as well as its leader Akram Kaabi. The full statement from the​ Office of Foreign Assets Control (OFAC)  can be read here. (Source: US Treasury Department)

New Investment Opportunity in Iraq

By John Lee. The National Investment Commission (NIC) has announced a new investment opportunity in Iraq: Production of tubular and lattice steel poles for electricity, General Company for Communications Equipment and Power (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)

Iraqi Kurdistan takes Aim at Gun Control

By Dana Taib Menmy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. In a bid to control armed violence and high crime rates, the Kurdistan Regional Government has given gun owners six months to register their arms and give up their heavy weapons. KRG […]

ISIS Child Suspects “Arbitrarily Arrested, Tortured”

By John Lee. Iraqi and Kurdistan Regional Government authorities have charged hundreds of children with terrorism for alleged Islamic State (also known as ISIS) affiliation, Human Rights Watch (HRW) has said, adding that the prosecutions are often based on dubious accusations and forced confessions obtained through torture. The 53-page report, “‘Everyone Must Confess’: Abuses against […]