By John Lee. Iraq has reportedly contracted Japan’s Toyo Engineering to help build a gas pipeline to Kuwait and a petrochemical plant as Baghdad. According to a report from Reuters, the move will help Iraq to reduce flaring and finish paying the reparations owed to Kuwait for the invasion in 1990. The project would allow […]
A joint team from the World Bank and the Ministry of Water Resources visited Sulaimaniyah Province to assess the impact of the recent earthquake that hit the Iraq-Iran border on the Darbandikhan and Dokan [Dukan] Dams. Both dams are very strategic. They were built in 1961 for flood control, irrigation, drinking water supply and later […]
By John Lee. Restrata has been awarded a National Communications and Media Commission (CMC) licence to sell and maintain GPS tracking systems in Iraq. The CMC Licence for GPS Tracking is an Iraq Government mandate and is being enforced locally through inspection teams running compliance checks on both vendors of GPS tracking systems, and their […]
By John Lee. Iraq's State Company for Steel Industries, which is owned by the Ministry of Industry and Minerals, has announced an investment opportunities to participate in the management and production of the following projects in accordance with the requirements fixed in the investment profiles: Sandwich Panel production Built-up sections and bridge girders production Metal […]
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's Ministry of Health and Environment released 20 falcons back into the wild Nov. 17. The falcons had been smuggled earlier in the month to Kuwait, which returned them to Iraq. This […]
By John Lee. Iraq has invited international oil companies (IOCs) to bid for contracts to explore and develop nine new oil and gas blocks. The blocks are along the borders with Iran and Kuwait, with one located in the territorial waters. According to Reuters, the bidding terms will be finalised by the end of May, […]
By John Lee. Following Iraq's successful return to the bond markets earlier this year, it is now reportedly planning a $2 billion sovereign bond issue in 2018. The Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq [Alak] (pictured), told Reuters that the plan is currently awaiting parliamentary approval. He added […]
By John Lee. The state-owned Trade Bank of Iraq (TBI) has reportedly received verbal approval from the Saudi Arabian Monetary Authority (SAMA) to open a branch in Saudi Arabia next year. Chairman Faisal Al Haimus told The National in Abu Dhabi that the bank will launch an asset management business in Abu Dhabi. The lender […]
By John Lee. Iraq's Oil Ministry has announced that it will build a new pipeline from Baiji to Fishkabur, enabling Kirkuk oil to be exported again from Turkey's Ceyhan port (pictured). Kirkuk’s oil was previously being exported via the Kurdistan Regional Government’s (KRG) pipeline to Ceyhan, but this has been on hold since Baghdad took […]
U.S. and coalition military forces have continued to attack the Islamic State of Iraq and Syria yesterday, conducting 11 strikes consisting of 36 engagements Nov. 24 and 25, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the most recent strikes, noting that assessments of results are based on initial […]
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 […]
By Saad Salloum for Al Monitor. Any opinions here are those of the author, and do not necessarily reflect the views of Iraq Business News. Shiites around the world celebrated the Arbaeen holiday Nov. 9. This year, Christians in Iraq participated in the Shiite ritual to attest to the coexistence and social interaction between the Christian […]
