The Special Representative of the United Nations Secretary-General (SRSG) Mr. Nickolay Mladenov (pictured) has reaffirmed UN support to Iraq in its fight against corruption. This came at the opening session of the Baghdad Second International Forum on Stolen Assets Recovery, which was organized by the Integrity Commission. “The UN is taking accountability, transparency and anti-corruption […]
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. On April 4, the Iraqi Council of Ministers endorsed the “national safety” bill, which regulates the state of emergency and defines the prime minister’s powers and the steps he can take during “emergency” measures, which […]
The Bulgarian Deputy Minister of Economy and Energy, Krassin Dimitrov, visited the KRG Department of Foreign Relations today to brief officials about his visit to Kurdistan. He is leading a delegation comprised of officials from both the public and private sectors visiting Kurdistan. The Iraqi Council of Ministers approved the Bulgarian government’s request to open […]
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. E-Waste Comes to Karbala: Old Phones and Computers Threaten Public Health In the relatively prosperous city of Karbala, locals are used to buying cheap mobile phones, then simply throwing them out […]
By John Lee. The Philippines-based International Container Terminal Services Inc (ICTSI) said on Thursday that it signed a contract with General Company for Ports of Iraq, agreeing to operate, develop and expand the Port of Umm Qasr. In a stock exchange filing, the company said the contract grants it the right to manage and operate […]
By John Lee. Iraq has lifted a ban on the importation of rice from Thailand. The ban was imposed on private exporters in August due to quality concerns, but the Thai government has continuously defended the quality of its rice. The Iraqi government had already stopped purchasing rice directly from its Thai counterpart three years […]
By John Lee. The Abu Dhabi Islamic Bank (ADIB) is the latest bank to expand business in Iraq, according to a report from The National. Currently the only UAE lender to operate in Iraq, ADIB plans to open a branch in Basra before the end of the year after it opened a branch in Erbil […]
MEED’s Kurdistan Projects conference 2014 shows why the region, long seen as a platform for doing business elsewhere in Iraq, has now become a hotspot for investments. The Kurdistan Region of Iraq has long been considered as a business friendly environment for foreign companies and a gateway for doing business elsewhere in the country. But […]
By John Lee. A French company is planning to build a replica of the Eiffel Tower in Sulaymaniyah. But according to reports from Zawya, the structure will be a mere three storeys high. The project will include shops selling French products, and will feature laser lights showing the flags of Kurdistan and France. The name […]
Technip, in partnership with China HuanQiu Contracting & Engineering Corporation (HQC), has been awarded a front-end engineering design (FEED) contract for the Ar Ratawi Natural Gas Liquids (NGL) train1 project at North Rumaila in Basra. The deal was awarded by the Basra Gas Company (BGC), a joint venture between the Iraq's South Gas Company (51%), […]
LUKOIL has started a 2D seismic survey at Block 10 in the south of Iraq. 2000 linear kilometers of seismic surveys will be completed by the BGP Inc. geophysical company within 16 months. The Mandatory Geologic Exploration Program at Block 10 is scheduled to take five years with a potential 2-year extension and includes drilling […]
By John Lee. Iraqi oil minister Abdul Kareem al-Luaibi [Elaibi] (pictured) has said that parliament set up a high-level delegation several days ago to resolve the oil export dispute between Baghdad and Erbil, and he expects a deal to be reached within days. According to Reuters, Ankara is awaiting Iraq's blessing before allowing exports to […]
