The Iraqi embassy in Cairo says there are "no further plans" regarding an oil pipeline from Iraq to Egypt, but confirmed that Iraq's State Company for Oil Projects (SCOP) signed an agreement for the export of oil to Egypt. "There is currently an agreement between us, but we haven’t yet received any official communications from […]
There are 2,300 foreign firms working in Iraqi Kurdistan, in addition to approximately 15,000 local companies, according to a report from Shafaaq News. The KRG's Minister of Trade and Industry reportedly added: "It is necessary to take into consideration the significance of those companies when fining or penalizing them." (Source: Shafaaq)
The KRG's Natural Resources Minister, Ashti Hawrami (pictured), has said that the Kurdish region could export 250,000 barrels of oil a day this year and is "on track" to ship 1 million bpd by 2015 and 2 million by 2019. "We need to get oil from the Kurdistan region -- and more widely from northern […]
Lebanon's Daily Star reports that deteriorating security in Syria is forcing Lebanese truck drivers to abandon the Damascus road and re-route through Iraq before entering Jordan. Until recently, the Syrian army accompanied convoys from the Masnaa crossing through Damascus before heading south to Jordan, but for the past two months this has proved impossible. Chafik […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Discussions over the possibility of re-electing the president of Iraq's Kurdistan region for a third term in office have raised controversy. The Kurdish opposition is firmly against extending Masoud Barzani's time in office. […]
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. With the Iraqi provincial elections now just days away, members of the police force and army have cast their votes ahead of time, with lines developing outside polling stations across the country, […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. It is one of the toughest places in the world to live, much less make a film. But that has not stopped Iraqi film-makers from pursuing their passion. Iraq's ancient city of Baghdad […]
By John Lee. The Iranian Red Crescent Society (IRCS) has announed two new clinics in Iraq to provide medical services to Iranian pilgrims visiting the country's Shiite holy shrines, a medical official announced on Sunday. Iran's FARS News Agency reports that the hospital in Karbala, specialising in ophthalmology and eye diseases, will be completed in the […]
By Abdel Hamid Zebari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Over the past years, the Kurdistan Region of Iraq has seen an economic boom and become open to the outside world, as it has begun to enjoy more security and […]
By Ali Abel Sadah for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Throughout March, the Iraqi parliament held only three sessions, passed five laws and did not discuss a single decision concerning public affairs. Al-Monitor has examined parliament’s activity for this month and […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. It's ten years since a statue of Saddam Hussein was pulled down in Baghdad amid a US-led invasion. The falling of the bronze statue is regarded as symbolising the end of Saddam's 24-year […]
By John Lee. The Iranian Deputy Oil Minister Javad Oji (Owji, Ouji) (pictured) has announced that the country will start exporting 40 million cubic meters (mcm) a day of natural gas to Iraq by summer 2013. Iran's PressTV reports that an agreement has been reached to supply Iraq via two separate routes. Construction of the “friendship” pipeline […]
