By John Lee. Iraq is requesting the U.S. Export-Import Bank (Ex-Im Bank) to finance the purchase of 10 planes from Boeing. Finance Minister Hoshyar Zebari told reporters in Washington that the planes have already cost the government $500 million (600 billion Iraqi dinars). If the request is granted, Boeing would repay the money it has […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq's Canning Can't: Too Much Competition For What Was Once Karbala's Biggest Business Once canning foods and juices was one of the biggest businesses in Karbala. Today, under pressure from […]
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Operation Decisive Storm in Yemen has stirred the Iraqi sectarian divide. While the Shiite majority opposes the campaign, the Sunnis are voicing support for it. These differing positions, expressed for the Shiites by the […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After the battle in Tikrit, deciding on the next step to ensure the security situation and have future successful battles against the Islamic State (IS) in Iraq has taken center stage in political and media […]
Ministry of Transport has announce the investment opportunity of constructing the Major Port of Faw (Al Faw Grand Port) according to investment law No. 13 for the year 2006, amended and its regulations. DESCRIPTION Project location: Faw Peninsula, Abdullah Khor beach, South of Iraq Project total area: 40 thousand donum Port area: 54 KM² Designed […]
By John Lee. The Iraqi government has been undertaking "a series of policy twists to restrict the exports of poultry products from Turkey." The chairman of the Turkish Poultry Promotion Group, Müjdat Sezer, part of the country’s Ministry of Economy, told GlobalMeatNews: "Iraq decided to stop all imports of full chickens from Turkey. We don’t know […]
By John Lee. Human Rights Watch reports that the extremist group Islamic State (IS, ISIS, ISIL) has carried out systematic rape and other sexual violence against Yezidi women and girls in northern Iraq. The organisation conducted research in the town of Dohuk in January and February 2015, including interviewing 20 women and girls who escaped […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Extremists, Oil or Kirkuk? Iraqi Kurdistan's Next Big Crisis: Its Presidency Several weeks ago Iraqi Kurdish MPs got into a fist fight in Parliament. The cause: Whether the current President […]
Alepo has announced that Sulaymaniya-based Tishknet has extended its Alepo policy, charging and CRM solution to provide support for its existing WiMAX services in addition to its future LTE network. The announcement follows a partnership agreement signed earlier this year between Tishknet and Alepo for a complete LTE core network. With this project expansion, Tishknet […]
By John Lee. Russian oil company Lukoil was asked to "sharply reduce" output at West Qurna-2 this year, reports Reuters. Ravil Maganov (pictured), head of the company's upstream division, told reporters: "We've got the letter to curb our enthusiasm ... We were restricted to 250,000 barrels per day (bpd) due to weather and level of […]
By John Lee. The United States is to provide an additional $200 million (240 billion Iraqi dinars) in humanitarian aid to Iraq. After a meeting with prime minister Haider Al-Abadi, President Obama said the United States has an obligation to help displaced families. The pledge did not include new direct military assistance. Obama added: "Any […]
During his visit to Washington this week, Prime Minister Haider al-Abadi received the Chairman and CEO of Occidental Petroleum, Mr. Steve Chazen, and the Chairman and CEO of ExxonMobil, Mr. Rex Tillerson, in separate meetings. Both chairmen discussed the progress in oil production in Iraq, and thanked the Prime Minister for the security and stability […]
