By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The U.S. Designation of Kataib Hezbollah's Abu Fadak The latest sanctions against a senior leader in the Iranian-backed terrorist militia are a reminder that such […]
By Gilgamesh Nabeel for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq makes major progress in closing camps for the displaced After six years of displacement, Iraq has closed around 62% of its remaining camps for internally displaced persons over […]
Nationalizing the Sustainable Development Goal Indicators in Iraq The United Nations Development Programme alongside the Iraqi Ministry of Planning (MoP) is strengthening the integration of the United Nations Sustainable Development Goals (SDGs) in Iraq by nationalizing the SDG indicators. The focus on localizing the SDG indicators will ensure Agenda2030 is effectively incorporated into Iraq's the […]
Iraq's Higher Committee for Health and National Safety held a meeting on Wednesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. The Committee reviewed the latest Covid-19 related developments and decided to: Update the travel ban to include travel to and from Australia, Austria, Belgium, Brazil, Denmark, Finland, France, Georgia, Germany, Greece, India, Ireland, Japan, […]
By Fehim Tastekin for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. First doses of Pfizer-BioNTech COVID-19 vaccine to hit Iraq by February Iraq has pushed hard to be among the world's first countries to receive and distribute the vaccine after committing $170 […]
By Fehim Tastekin for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. France scores big Iraqi construction project at Turkey's expense A French company has beaten out a Turkish one for the Mosul airport project; political considerations along with economic concerns seem to […]
By John Lee. The Iraqi Cabinet has directed state institutions to give priority in their procurement to Iraqi industrial firms. A Cabinet Spokesperson said Iraqi firms would be favoured, whether in the private or public sectors. He added that this is part of a wider strategy to support Iraqi industry. (Source: Govt of Iraq)
By John Lee. Iraq and Iran are to launch a fund to finance joint ventures between the two countries. In his closing remarks to the Iran-Iraq Economic Conference on Wednesday, Iran's Minister of Energy Reza Ardakanian said "The proposal to establish a joint venture fund to support the private sector of the two countries was […]
The Iraqi Angel Investors Network (IAIN) announced its third facilitated investment into startups in Iraq. The members of the network; Amar Shubar and Jaafar Al Musawi, along with other co-inventors, have made a six figures investment into Hi-Express. In addition, the investment was partially matched by a USD 20,000 in grants from the Deutsche Gesellschaft […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed the day up more than 5 percent on Wednesday, after the Kurdistan-focused oil producer provided an operational and corporate update to the markets. Jón Ferrier, Gulf Keystone's Chief Executive Officer, said: "I am pleased to report that throughout 2020, Gulf Keystone successfully managed the challenging […]
Iran's Energy Minister Reza Ardakanian stressed the need to support Iranian and Iraqi private sectors and remove the obstacles to investment in order to achieve the goal of annual trade exchange of $20 billion between the two neighbors. Delivering a speech to Iran-Iraq Economic Conference on Tuesday, Ardakanian said the main and common target of […]
By John Lee. The Iraqi Ministry of Oil has doubled capacity at its Salahuddin-2 refinery, part of the Baiji complex, from 70,000 barrels per day (bpd) to 140,000 bpd. Speaking at the opening ceremony on Monday, Oil Minister Ihsan Abdul Jabbar Ismail said he plans to restore capacity at the plant to the 280,000 bpd level […]
