From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. When will Iraq's envisioned industrial cities fire up? The previous Iraqi government headed by Adil Abdul Mahdi (Oct. 2018-May 2020) concluded a number of ambitious agreements to establish joint industrial cities with neighboring […]
By Toby Dodge and Dr Renad Mansour, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Politically sanctioned corruption and barriers to reform in Iraq This paper explores the pernicious effects of politically sanctioned corruption on governance in Iraq. This type of […]
By John Lee. Iraq has reportedly cancelled its $2-billion pre-paid oil supply agreement with Zhenhua Oil Company. Under a deal said to have been agreed in January, the state-owned Chinese company would pay Iraq in advance for a year's supply of oil. S&P Global Platts reported the following month that Iraq had "frozen" the deal, […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for May of 89,881,268 barrels, giving an average for the month of 2.899 million barrels per day (bpd), slightly down from the 2.947 million bpd exported in April. The exports from the oilfields in central and southern Iraq amounted to approximately 86,820,355 barrels, […]
Located about 240 kilometers northwest of Baghdad, a quaint city with panoramic views of the desert sits on both sides of the Euphrates River. With over 46,000 residents, Haditha is one of seven major cities in the Anbar governorate. During the war with the Islamic State and the Levant (ISIL), six of those cities were taken by ISIL except for Haditha and a handful of surrounding villages. Unfortunately, due to the fighting, farmers […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG begins buying wheat from farmers for the first time The government and private sector are investing millions to develop tourism infrastructure in the beautiful mountains and canyons of Erbil's Soran district. A private […]
By John Lee. Russian oil company Lukoil has published details of its payments made during the financial year ended 31 December 2020 in favor of the government of Iraq: The Dhi Qar Oil Company (DQOC) [Thiqar Oil Company] received 1,963 million Russian Rubles [$26.9 million] in respect of the Block 10 field; The General Commission […]
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By John Lee. Iraq's Parliamentary Finance Committee has reportedly warned the Central Bank of Iraq (CBI) of a possible collapse in the value of the Iraqi dinar (IQD) against the US dollar. Committee member Muhammad Al-Shabki told Shafaq News Agency that there are fears of the collapse of the Iraqi currency "in the coming period" […]
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran's Iraq policy unlikely to change under Raisi Despite his hardline credentials, Iran's foreign policy is likely to remain unified under the new president, Ebrahim Raisi. Click here to read the […]
By John Lee. Baghdad-based Iraq Technical Support for Trading and General Contracts Ltd. has won contracts with the United Nations Office for Project Services (UNOPS) for the provision of ICT equipment to Iraq: Lot 1 - Laptops , Monitors and Keyboard Kits: Contract value $19,327.00 Lot 2 - Smart Mobile Phones: Contract value $3,839.00 Lot […]
By John Lee. KRG Prime Minister Masrour Barzani has laid the foundation stone of a potato production factory in Duhok, which is set to provide 500 jobs and make use of local potatoes. In his speech at the ceremony the PM said: "This is a great support for our people to rely on themselves, so […]
