By John Lee. Reuters reports that an unexplained blast occurred at Umm Qasr commodities port on Saturday. It was not immediately what the cause of the blast was, or whether it had affected imports and exports. The port does not handle crude oil shipments. (Source: Reuters)
By John Lee. ShaMaran Petroleum has announce its financial and operating results for the three and six months ended June 30, 2013. (Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars). Highlights A Field Development Plan for the Atrush Block was submitted for […]
By Ahmed Mousa Jiyad. Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The United Nations says thousands of Syrian refugees are flooding into the Kurdish autonomous region of Iraq. Fighting in Northern Syria has increased in recent months between Al Qaeda linked rebels and armed […]
By Mustafa Habib. 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. Baghdad may soon get its own version of a US Senate as MPs attempt to decentralize power further. A law is in the making to form […]
Some 1,189 hazardous items (explosive remnants of war - ERW) have been removed from the village of Chimany Ferqa Kirkuk by the Mines Advisory Group (MAG). Among the items destroyed were 78 anti-tank landmines (pictured), 307 anti-personnel landmines, 114 trip flares and 690 small arms ammunition. MAG teams came to the village after an anti-tank […]
The Swedish Ambassador to Iraq, Jörgen Lindström, met with Minister Falah Mustafa today to follow up on recent developments in Kurdistan and in the greater region. Sweden currently has a Section Office established in Erbil as well as representation from the Swedish Trade Council. Sweden continues to be one of Iraq’s largest European trading partners […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi elite see the issue of Iraq's Jews in two ways: Nostalgia about a beautiful past, and a continuing tragedy of forced displacement which is not over yet. Although the expulsion […]
By John Lee. Iraq has ruled out offering any special oil price to India because its laws don't allow it to do so, reports the Economic Times. "Our laws do not allow us to offer any special pricing to anyone. We can sell crude only at the existing market- determined prices," Iraqi Deputy Prime Minister […]
By Haider Najm. 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. In May, the northern city of Erbil was declared Tourism Capital for the Middle East region for 2014. As Lebanese and Turkish investors compete to spend […]
By John Lee. Swedish aid money channeled to Iraq has gone missing, leading the government coalition partner the Centre Party to report the democracy project to the police. The Local reports that the project was administered by the minority party's international foundation CIS (Centerpartiets internationella stiftelse), but accountants realized that they could not account for […]
By Miriam Ali for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Women in Iraq have made huge leaps in terms of obtaining the right to work and participate in the economy. Nevertheless, they are still subject to sexual and social discrimination, not […]
