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'Baghdad Belt' Deals With New Sectarian Tensions

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. Arab Jibor, a neighborhood south of Baghdad that is home to a variety of different sects, is part of an area that encompasses the Iraqi capital known as "hizam Baghdad," Arabic for the "Baghdad […]

Foreign Minister Meets British Ambassador

Foreign Minister Hoshyar Zebari held a meeting with the UK Ambassador to Iraq, Simon Collis, at his office on August 28th. During the meeting, the two officials discussed Iraqi - British relations, the political situation in the region, and the developments of the Syrian crisis and the ongoing international reaction to it. The Minister reviewed […]

Iraq "in Talks" to Buy Bradley Fighting Vehicles

By John Lee. Iraq is in talks with the U.S. government to buy 200 Bradley Fighting Vehicles from BAE Systems, according to Defense World. A BAE official reportedly said that the potential deal is to take place in 2014. The Iraq contract would provide recently upgraded M2A2 ODS (Operation Desert Storm) variants to the Baghdad […]

Basra Oil Workers Demonstrate Again

By Waheed Ghanim. 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. Back On The Street In Basra: Oil Workers Demonstrate Again Earlier this year oil sector workers in Basra began demonstrating for better conditions and the oil […]

Sadr Reconsiders Political Role, Mahdi Army

By Ali Abdel Sadah for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The armed clashes between the Mahdi Army and Asa’ib Ahl al-Haq that took place in east Baghdad at the beginning of August aroused concerns that armed conflicts might prevail in the streets once […]

Iraqi Kurdistan Elections Could Be Turning Point

By Kamal Chomani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Independent High Electoral Commission (IHEC) in Iraq announced that the campaign for the legislative elections in Iraqi Kurdistan will start on Aug. 28 and last until Sept. 17. The Sept. 21 legislative elections will […]

Hotelogix Wins Contract in Erbil

Erbil Oscar Premium Hotel is a well-known, 5-star property located in the heart of Erbil, Iraq, the city which is touted to be the 2014 tourism capital of Iraq. The hotel required a cost-effective pricing software that could manage the entire hotel’s departments, i.e. restaurants, gym and swimming pool, minibars, etc., in an extremely easy […]

More Foreign Firms Find Opportunities in Iraq

The sectarian violence continues in Iraq, with 80 people killed in a wave of bombings across Baghdad on Wednesday. But despite the best efforts of the terrorists, Iraq still presses ahead with its development, and foreign companies continue to seize opportunities to contribute to the country's growth and prosperity. In recent days, for example, we've […]

Basra Oil Exports to Hit 20-mth Low

Bloomberg reports that Iraq plans to reduce its exports of Basra Light crude from the Persian Gulf in September to the lowest in at least 20 months. Iraq will ship about 52.86 million barrels, or 1.76 million barrels per day (bpd), from al-Basra Oil Terminal (ABOT) (pictured), according to a loading program obtained by the […]

Explosions Shut Down Ceyhan Pipeline

Bomb attacks in northern Iraq have damaged part of the pipeline leading to the Turkish port of Ceyhan (pictured), according to a report from Associated Press. Three bombs exploded next to the pipeline on Wednesday night in a deserted area south of Mosul, 360 kilometers (225 miles) northwest of Baghdad. AP's sources said that technical teams […]

Dinar Exchange Rate Linked to Oil Exports, Federal Reserves

By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. According to an Iraqi financial expert, the value of Iraq’s federal reserves currently amounts to about $80 billion, following the recent increase in the country’s oil exports. Nevertheless, no information was […]

Minister Zebari Meets UAE Ambassador

Foreign Minister Hoshyar Zebari held a meeting with the Ambassador of the United Arab Emirates, Mr. Abdullah Ibrahim Al-Shehhi, at the Ministry's head office on Wednesday. During the meeting, they discussed relations between the two countries and ways to develop and support them politically and economically. They also discussed recent developments in the Syrian crisis and […]