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. Extremists, Oil or Kirkuk? Iraqi Kurdistan's Next Big Crisis: Its Presidency Several weeks ago Iraqi Kurdish MPs got into a fist fight in Parliament. The cause: Whether the current President […]
Alepo has announced that Sulaymaniya-based Tishknet has extended its Alepo policy, charging and CRM solution to provide support for its existing WiMAX services in addition to its future LTE network. The announcement follows a partnership agreement signed earlier this year between Tishknet and Alepo for a complete LTE core network. With this project expansion, Tishknet […]
By John Lee. Russian oil company Lukoil was asked to "sharply reduce" output at West Qurna-2 this year, reports Reuters. Ravil Maganov (pictured), head of the company's upstream division, told reporters: "We've got the letter to curb our enthusiasm ... We were restricted to 250,000 barrels per day (bpd) due to weather and level of […]
By John Lee. The United States is to provide an additional $200 million (240 billion Iraqi dinars) in humanitarian aid to Iraq. After a meeting with prime minister Haider Al-Abadi, President Obama said the United States has an obligation to help displaced families. The pledge did not include new direct military assistance. Obama added: "Any […]
During his visit to Washington this week, Prime Minister Haider al-Abadi received the Chairman and CEO of Occidental Petroleum, Mr. Steve Chazen, and the Chairman and CEO of ExxonMobil, Mr. Rex Tillerson, in separate meetings. Both chairmen discussed the progress in oil production in Iraq, and thanked the Prime Minister for the security and stability […]
By John Lee. Islamic State (IS, ISIS, ISIL) militants set fire to an abandoned oil field near Makhmour and Qaraj, east of Erbil, on Wednesday. Anofficial told BasNews that the oil field is located between Peshmerga and IS militants’ frontlines, about 2 kilometres away from Peshmerga forces. It is believed that the oil field was […]
The Kurdish airline Zagros Jet has been granted permission to fly domestically within Iraq. According to a report from Ruday, this adds Bagdad, Sulaimaniya, Basra and Najaf to its list of destinations. The new service will start April 20 when the airline will begin offering six flights each week from Erbil to Baghdad. Moafaq Sherwani, […]
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. The extremist Islamic State group has worked the Internet to it's advantage from the very start of its campaign in Iraq. Locals have lagged behind. But now, some say, they […]
By John Lee. Foreign Minister, Dr. Ibrahim Al Jaafari, received the Japanese Ambassador to Iraq, Kazuya Nashida, in Baghdad this week. Minister Jaafari referred to the role played by Japan in Iraq in the investment field and supporting the Iraqi government's efforts in countering terrorism, appreciating the humanitarian assistance provided by the Japanese government to […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Calm has returned to Tikrit two weeks after Iraqi security forces and allied paramilitaries retook the city from the Islamic State (IS, ISIS, ISIL) group.
By John Lee. Finance Minister Hoshyar Zebari (pictured) said on Wednesday that Iraq has decided to issue $5 billion in international bonds, as it attempts to finance a budget deficit of $25 billion for the current year. He told reporters in Washington that negotiations were in progress with Citibank and Deutsche Bank, but according to […]
By John Lee. On his official visit to the United States, Prime Minister Haider al-Abadi met a group of CEOs and chairmen of major US corporations in Washington on Tuesday. According to a statement from the PM's office, the business leaders shared their respective visions on assisting Iraq and on solutions to Iraq's economic and financial […]
