By John Lee. Iraq will require that all transactions inside the country are made using the Iraqi dinar from 2024, and not the US dollar. Statement from the Central Bank of Iraq (CBI): In a significant development, the Central Bank of Iraq, under the leadership of Mr. Ali Mohsen Al-Alaq, has revealed its plan to […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed up ten percent on Monday, after the company announced an increase in local sales of oil from its Shaikan field. The shares fell back five percent in trading on Tuesday morning. Statement from GKP: Update on Shaikan Field local sales Gross average sales in September […]
From the World Bank: Statement on the Iraq Economic Monitor Spring/Summer 2023 The World Bank identified an error in the reporting of debt data for 2022 and projections for ensuing years reported in the recently published Iraq Economic Monitor (IEM) Spring/Summer 2023 issue. As a result, the debt-to-GDP ratio in 2022 was corrected from 53.8 […]
By Arya Devi for Oil & Gas Middle East. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. New law allows foreign companies to own oil output After more than a decade of debates and delays, Iraq is poised to pass an oil and gas […]
By John Lee. Iraqi Prime Minister, Mr. Mohammed Shia Al-Sudani, held a meeting with members of the American Chamber of Commerce in New York on Thursday evening (local time). The meeting was attended by businessmen, investors, and representatives of major American companies. During the meeting, he praised the efforts of Mr. Steve Lutes, the Deputy […]
From Tasnim, under a Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran and Iraq will jointly set up a joint bank and trade zone in the near future, the director general of the Trade Promotion Organization of Iran (TPOI) for […]
By Charles Kennedy for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Discusses Natural Gas Investments With U.S. Firms Iraq's Prime Minister Mohammed Shiaa al-Sudani is meeting this week in New York with representatives of dozens of U.S. energy companies to […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Iraq-Kuwait tension escalates amid renewed focus on maritime boundary Kuwait is ramping up pressure on Iraq to safeguard a 2012 deal on the demarcation of boundaries in a small but vital […]
By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Strong criticism follows appointment of Iraqi minister of justice to oversee human rights commission In a profoundly ironic move, the Iraqi government's recent decision to assign the role […]
By John Lee. The United States has emphasized the urgency of reopening the Iraq-Turkiye Pipeline (ITP) as soon as possible. Full statement from The White House: Deputy Assistant to the President and White House Coordinator for the Middle East and North Africa Brett McGurk and Deputy Assistant and Senior Advisor to the President for Energy […]
By John Lee. Iraqi Prime Minister, Mr. Mohammed Shia Al-Sudani, met with several American corporate leaders and representatives in New York on Thursday evening (local time) during his participation in the 78th session of the United Nations General Assembly. Among the firms represented were General Electric (GE), Honeywell, and law firm Covington. During the meeting, […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Scoop: Plans for historic GCC-Iran-Iraq dinner in New York collapse Plans for a historic meeting in New York gathering the foreign ministers of Gulf Arab states, Iran and Iraq have collapsed at the […]
