By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Will Riyadh-Tehran rivalry kill Iraqi Kurdistan’s investment drive? Iraqi Kurdistan, facing an acute financial crisis, has a newfound opportunity to attract desperately needed foreign investment from Saudi Arabia, but regional tensions between Tehran and Riyadh […]
Tag Archives | Iran
The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
How Iraq Should Respond to the Strait of Hormuz Crisis
By Youssef Ali. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. President Donald Trump’s decision to pull out of the nuclear deal and sign the executive order to reimpose sanctions on Iran has had a significant impact on the global oil markets. This move […]
Iraq’s Basra plans Dam on Vital River
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi Minister of Transport Kazem Finjan al-Hamami revealed July 25 that Iran has agreed to participate with Iraq in the construction of a dam on the Shatt al-Arab River — formed by […]
Electricity Ministry Denies Saudi Solar Power Deal
By John Lee. The spokesman for the Ministry of Electricity, Dr. Musab Sari al-Mudaris [Mussab Serri al-Mudaris] (pictured) has denied reports that he had told Bloomberg about an agreement to buy electricity from Saudi Arabia. He said the statement from the news agency is incorrect. Bloomberg had cited Mudaris as saying that Saudi Arabia agreed […]
Iraq Fails to convince Iran to Resume Power Supply
Iraqi Electricity Minister Qassem Al-Fahdawi (pictured) said yesterday that his country has failed to convince Iran to resume supplying Iraq with electricity. Last Friday, Al-Fahdawi along with an Iraqi delegation arrived in Tehran where they held talks with Iranian officials to resume supplying Iraq with 1,000 megawatts of electricity, which Tehran cut off about two […]
An Integrated Approach for Iraq/Iran Border Fields
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. An Integrated Approach for Investment in Joint Development-Unitization for Iraq/Iran Border Petroleum Fields & Exploration Blocks This article provides brief note in panel discussion and abstract of a keynote PowerPoint presentation prepared […]
Multi-Billion Dollars Needed to Keep Water Flowing
By Editor on 19th June 2018 in Agriculture, Iraq Public Works News, Leisure and Tourism in Iraq, Politics
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 […]
Sadr, Amiri announce Political Alliance
By John Lee. Nationalist cleric Moqtada al-Sadr and Hadi al-Amiri have reportedly announced an alliance between their political blocs. The groups who won first and second places respectively in last month’s parliamentary election. While Sadr’s Sairoon Alliance is opposed to Iranian involvement in Iraq, Amiri’s Fatah (Conquest) Coalition is head of an Iranian-backed militia. At […]
Iraqi Depositors ‘Trapped’ In Iranian Banking System
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 Abbas Sarhan. The Iranian banking system was seen as an attractive alternative to Iraq’s shaky financial institutions. But a recent, drastic devaluation in the Iranian rial means Iraqi money […]
Turkey “Postpones” filling of Ilisu Dam
By John Lee. Turkey has reportedly postponed the filling of the Ilisu Dam on the Tigris river until July, as fears of major water shortages in Iraq increase. According to a report from The National, water levels of the Tigris have reduced significantly since last week, sparking renewed panic among Iraqis. The Turkish Ambassador to Iraq, […]
Confusion over Iran-Iraq Oil Swap
By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has contradicted a recent report originating from Iran’s oil ministry news agency Shana, claiming that the Iran-Iraq oil swap had started. Reuters quotes the minister as saying that implementation of the agreement has been delayed due to “logistical issues“. (Source: Reuters)
Iraq’s Pro-Iran Factions shrug off US Sanctions Push
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. Two pro-Iranian militias active in Iraq and Syria declared that possible US sanctions targeting them would be ineffective and claimed that such sanctions would actually strengthen their presence and expansion in the Middle East. The US […]