By John Lee. Iraq, Iran and Syria are reportedly planning to build a railway connecting the three countries. According to media reports, Salib al-Hussaini, the head of the Iraqi Railway Company, has announced a tripartite summit to discuss the project. (Source: Prensa Latina) (Picture credit: Christian Lindgren)
The Iranian president's chief of staff said Tehran and Baghdad have agreed to establish five joint industrial parks, including one in Iran’s border province of Kurdistan. Speaking at a meeting on economic development of Kurdistan in the city of Sanandaj on Saturday, Mahmoud Vaezi said Iran and Iraq have devised plans to set up five […]
By John Lee. Sharjah-based Dana Gas has announces that during Q1 2019, Pearl Petroleum has received $112 million (AED 411mm) from the sale of condensate, LPG and gas in the Kurdistan Region of Iraq (KRI). Dana Gas is a 35% shareholder in Pearl Petroleum and accordingly, its share of such receipts by Pearl Petroleum is […]
By John Lee. Iraq is reportedly considering banning several popular video games over fears that they encourage violence and crime. MP Sami'a Ghulab, who chairs the Parliamentary Committee on Culture, Information, Tourism, and Archaeology, is quoted as saying that games such as Fortnite, Apex Legends and PlayerUnkown's Battlegrounds (PUBG) are "affecting the social, psychological and educational […]
Creativity flourishes as Mosul’s Fine Arts College officially opens The newly-rehabilitated College of Fine Arts at Mosul University has been officially opened by the United Nations Development Programme (UNDP) and the Government of Iraq. The College, rehabilitated by UNDP with financial support from the United States Government through USAID, offers third-level art courses ranging from […]
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq fears bevy of levees will mean parched years ahead Although water levels in the Tigris and Euphrates rivers have been rising as torrential rains fill some of the […]
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 […]
WHO sends shipment of kits and medical supplies to Missan governorate Responding to the needs of the Directorate of Health in Missan following the recent floods that hit the area, the World Health Organisation (WHO), with the generous support of donors, sent a large consignment of emergency kits and medical supplies to support the Directorate, […]
By Mustafa Saadoun 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 Supreme Judicial Council issued an official order to the Erbil Appeals Court on April 8 to implement an arrest warrant for the former governor of Ninevah province, Nawfal al-Akoub. A conflict over […]
By John Lee. Philippines-based International Terminal Container Services Inc. (ICTSI) has reportedly allocated additional funds for capacity expansion at its Basra Gateway Terminal (BGT) at the Port of Umm Qasr. Rafael Consing, ICTSI chief financial officer, is quoted by the Philippine Daily Inquirer as saying that this year’s capex budget of $380 million will be […]
By John Lee. US-based investment giant BlackRock has increased its shareholding in Gulf Keystone Petroleum (GKP) to 5 percent, up from 4.89 percent. Shares in the company have risen 35 percent since the start of the year. In 2016, GKP announced that it was in default on its debt obligations, which led to a restructuring […]
By John Lee. The Kurdistan Regional Government (KRG) has issued a report on its "Priority Humanitarian Small Scale Projects: In Health, Education, Municipality, Electricity, Social Care, Agriculture and Livelihoods and Water Sectors Kurdistan Region-Iraq 2019". The document presents a detailed breakdown of a total 167 priority humanitarian Small Scale Projects (SMPs) for 2019. The focus […]
