In the presence of Prime Minister Nechirvan Barzani, China’s Vice Foreign Minister, Zhang Ming, officially opened China’s consulate general in Erbil today. Prime Minister Barzani in his speech applauded the decision of the government of China to open its consulate general in Erbil. He said: “Opening the consulate general of the People’s Republic of China […]
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. Since the establishment of modern Iraq in 1921, its provinces have had different positions toward decentralization as a result of the country's ethnic and cultural diversity. In addition, economic resources have varied widely from one […]
More than 3,000 internally displaced Iraqis are living in Arbat camp three months after it opened to shelter to some of the 2 million people uprooted by conflict in northern and central Iraq in 2014. They comprise some 660 families, including 40-year-old Laila, her husband Khalaf and their seven children. The family from Sinjar fled […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. On the frontlines outside the Iraq's city of Kirkuk, contact between Kurdish Peshmerga forces and the Islamic State in Iraq and the Levant (ISIL) is regular. While Kurdish forces' lines have held so […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 19 banks took part in its currency auction on Wednesday. A total of $190,311,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
2015 draft budget wins cabinet approval as Baghdad sets out New Year spending plans for defence, energy and reconstruction priorities. While the Iraqi public accounts are anticipated to run at a deficit of some 23 trillion dinars (approximately $20 billion) during the coming year as a consequence of sliding oil prices and security expenditure, the […]
Iraqi State Budget 2015- It Deserves Careful Reading But Needs Serious Revision By Ahmed Mousa Jiyad. The first reading of the draft law for budget 2015 by the Federal Parliament was done on 25 December at a presence of only 229 members of the Parliament. According to the parliamentary procedure the first reading entail reading […]
By John Lee. The Jordanian news agency Petra reports that the Iraqi government has reduced the fee charged on all Jordanian trucks entering the country from $2,200 to $700. It also quotes a spokesman of the Jordanian Agriculture Ministry, Nimer Haddadin, as saying that Jordanian trucks were entering and exiting Iraq without obstacles, and denying […]
By John Lee. A total of 12 foreign firms are reported to be bidding for the operation of the first civilian airport in Dhi Qar province. The governor of Dhi Qar, Yeha Al Nasiri, said on Sunday that the contract to run the new airport in Nasiriyah would be awarded within the next three months. […]
By John Lee. The Kuwaiti deputy prime minister, Sheikh Subah Al-Subah [Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah], arrived in Baghdad on Sunday for an official visit. The two sides discussed the promotion of relations between the countries, and the efforts to fight terrorism. Sheikh Al-Subah said that Iraq represents a basic pillar to stabilize the region, […]
By Padraig O'Hannelly. Dr Ashti Hawrami (pictured), the KRG's Minister for Natural Resources, has clarified the two stage process involved in the recent agreement between Erbil and Baghdad regarding oil exports. Speaking at CWC's Kurdistan-Iraq Oil & Gas Conference recently in London, Dr Hawrami said that the first stage of the resolution covers the issues […]
The opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Statement/ Open Letter* by Iraqi Energy Experts and Professionals on the Latest Oil Agreement with KRG H.E. the Prime Minister esquire; H.E. the Speaker of the Federal Parliament esquire; T.E: Members of the Federal Parliament and […]
