By John Lee. The National Investment Commission (NIC) has announced new investment opportunities in Iraq: Textile and leather plants, State Company for Textile and Leather Industries Sulfur production, Mishraq Sulfur State Company Production of ethylene and high-densite polyethylene (HDPE), State Company for Petrochemical Industries Dextrin and starch production, State Company for Food Products Al-Qadisiya Brick […]
The EU Supports Reproductive Health Services in Iraq with a new contribution to UNFPA The European Union continues its support to UNFPA in Iraq through a EUR 5 million contribution to sustain reproductive health and clinical management of rape services across Iraq. The United Nations estimates that around 825,000 women of reproductive age are in […]
By John Lee. Iraq's State Oil Marketing Organization (SOMO) is reported to be close to a deal with China's state-run Zhenhua Oil to boost its crude oil sales. According to Reuters, China is under pressure to cut oil purchases from Iran, as the United States re-imposes sanctions on Tehran. More here. (Source: Reuters)
Combined Joint Task Force Operation Inherent Resolve and its partners continue to pursue the lasting defeat of the Islamic State of Iraq and Syria in designated parts of Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported today. Operation Roundup, which began May 1 to accelerate the defeat of ISIS in the […]
By John Lee. Kuwait reportedly expects to reach agreement with Iraq on joint oil fields and the import of Iraqi gas by the end of this year. KUNA quotes Kuwait's Oil Minister and Minister of Electricity and Water Engineer, Bakheet Al-Rashidi, as saying: "We are in the process of selecting a global consultant to study […]
By Salam Zidane for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iranian economy has spiraled out of control since a new set of US-enforced sanctions against trade with Iran went into force Aug. 7, as its currency value has been plummeting ever since while inflation rates are […]
By John Lee. Fleet Line Shipping (FLS) has won a contract to transport 11,000 tons oil and gas equipment and pipes from the United Arab Emirates (UAE) to Iraq. The first batch of pipe laying machines, each weighing 45 tons, was loaded on a ro-ro ship from Jebel Ali to the port of Umm Qasr […]
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. The Iraqi Cabinet announced Aug. 12 that it has approved a regulation by the Ministry of Labor requiring that 50% of foreign oil company employees working in the country be Iraqis. The move followed […]
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 John Lee. Talks are reportedly continuing to complete the electricity linkage between Iraq and Kuwait. KUNA quotes Kuwait's Oil Minister and Minister of Electricity and Water Engineer, Bakheet Al-Rashidi (pictured), as saying: "We expect that these negotiations will ultimately lead to linking Iraq's electricity grid with the Gulf network and then link with Turkey […]
His Royal Highness, The Prince of Wales, has agreed to continue his Patronage of the AMAR International Charitable Foundation. Prince Charles has been AMAR’s Patron for the past 13 years, and during that time has attended a number of AMAR’s milestone events. Last year he helped to bring our Silver Anniversary to a spectacular close at […]
By John Lee. The Altun Kupri (Alton Kopri) bridge linking Kirkuk and Erbil provinces has been re-opened. According to a brief statement from the Iraqi Govt, the bridge is vital for commerce and for fostering enduring ties between communities. The route has been closed following clashes between Peshmerga and Iraqi forces in October. (Source: Iraqi […]
