By John Lee. Russian oil company LUKoil has announced that its President, Vagit Alekperov (pictured), held talks in Moscow on Sunday with Iraqi Prime Minister, Nouri al-Maliki, and Iraqi Oil Minister, Abdul Karim Luaibi [Elaibi]. The parties discussed the progress of the West Qurna-2 development project, the company’s plans to develop Block-10, and other possible projects […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Trade Promotion Organization of Iran (TPOI) said on Monday, June 24, 2013, that 72% of Iran’s exports go to Iraq, and revealed that Iraq's imported goods from Iran increased by […]
Deputy Secretary Bill Burns (pictured) traveled June 28-30 to Baghdad, Iraq for meetings with Prime Minister Nouri Al-Maliki and other Iraqi leaders. These meetings allowed them to discuss the full range of bilateral and regional issues, including the ongoing crisis in Syria. In all of his meetings, the Deputy Secretary reaffirmed the U.S. commitment to […]
According to UNAMI figures, a total of 761 Iraqis were killed and another 1,771 were wounded in acts of terrorism and violence in June. The number of civilians killed was 685 (including 131 civilian police) and the number of civilians injured was 1,610 (including 221 civilian police). A further 76 members of the Iraqi Security […]
The U.S. Embassy in Baghdad, through the United States Agency for International Development (USAID), sponsored Baghdad’s first Startup Weekend June 28-30. More than 100 young Iraqi entrepreneurs participated in the three-day event to discuss tech-oriented business ideas and how to turn the best ideas into viable companies. A panel of successful entrepreneurs judged the business […]
Statement by Secretary Kerry: UN Security Council Decision to Transfer Chapter VII Mandate to the UN Assistance Mission in Iraq: The United States congratulates the Governments of Iraq and Kuwait on successfully resolving key bilateral and international issues over the past year, which helped result in today’s milestone decision by the UN Security Council. It's […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Some political blocs in Iraq believe that the demand to abolish retirement pensions for former MPs is a ploy by one political party to restore its popularity after losing in the […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Press TV has conducted an interview with Hussein Dabsh, an Iraq affairs expert in Tehran, to further talk about the UN Security Council's vote to remove Iraq from Chapter 7 of the UN […]
By Mark DeWeaver. Since the beginning of 2012 the Iraqi dinar has been on something of a roller coaster ride. Changes in central bank policy combined with strong dollar demand from Iran and Syria have twice pushed the market rate above 1280. Both times, subsequent increases in dollar sales at the central bank’s currency auctions […]
As Ramadan approaches, we draw your attention to the AMAR International Charitable Foundation’s 2013 Ramadan Box Appeal (advertised on this website). The Appeal will provide less fortunate Iraqi and Lebanese families, and refugee Syrian families, with essential food items during the Holy Month of Ramadan. AMAR’s wide network of Women Health Volunteers will be deployed […]
By John Lee. Modhir al-Janabi, a member of the parliament Security and Defense Committee, has said the lifting of UN Chapter VII sanctions on Iraq provides an opportunity to restore the country's ability to manufacture weapons. He told AIN: "After being relieved from the UN sanctions, Iraq can renew this industry to manufacture weapons which […]
By John Lee. The U.N. Security Council unanimously agreed today (Thursday) to move several outstanding issues between Iraq and Kuwait from Chapter VII to Chapter VI of the UN Charter, reports Reuters. Chapter VII allows the Security Council to authorize actions ranging from sanctions to military intervention if states do not abide by council demands, […]
