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US Top Priority: Expand Investment and Commercial Ties with Iraq

By Stephen Beecroft, US Ambassador to Iraq. Last month marked the one-year anniversary of the U.S. military withdrawal from Iraq and the beginning of a new chapter in our bilateral relationship. Over the past year, Iraq has assumed an increasingly prominent place in the region politically and economically. For example, Iraq hosted an Arab League […]

Genel Updates on Trading and Operations

Genel Energy has issued the following trading and operational update in advance of the Company's 2012 full year results, which are scheduled for release on 28 February 2013. Information contained within this release is un-audited and may be subject to further review. Tony Hayward (pictured), Chief Executive said: "2012 saw a strong production performance and […]

Iraq Buys Australian and Canadian Wheat

By John Lee. The Iraqi Grain Board has bought 300,000 metric tons of wheat for delivery in March and April. Dow Jones reports that 250,000 tons were bought from Australia, while the remaining 50,000 tons was of Canadian origin. The Canadian wheat, along with 100,000 tons of wheat from Australia, was purchased from Glencore International. Australia's […]

American University of Iraq Seeks New President

By John Lee. The American University of Iraq, Sulaimani, invites nominations and applications for the position of President. AUIS is a private, non-profit higher education institution founded in 2007 to provide a student-centered American-style education that embodies the philosophy, standards, and teaching practices of the American higher education model. AUIS admits all qualified students regardless […]

Tensions Rise Over BP Kirkuk Deal

By John Lee. Reuters has reported that BP will undertake work to arrest declining production at the Kirkuk oilfield, in a move that has outraged the Kurdistan Regional Government. Abdul Mahdy al-Ameedi, head of the oil ministry's Petroleum Contracts and Licensing Directorate (PCLD), told The Wall Street Journal that a request has been sent to […]

KRG Hits Out at Baghdad over Oil Policy

The Kurdistan Regional Government has issued a strongly-worded statement challenging the policy of the Federal Government and the Ministry of Oil: The Kurdistan Regional Government is proud of the achievements of its oil and gas industry since the fall of the former regime in 2003. It expects the federal government of Iraq to be proud […]

Video: Tensions Flare over Kirkuk

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Kurdish military officials and the Iraqi central government are currently trying to defuse an armed confrontation over a disputed northern territory. Kurdish military officials said the forces of Nouri al-Maliki, Iraqi prime minister, […]

Video: Funeral of Sunni MP Killed in Suicide Bombing

From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Hundreds of Iraqis have attended the funeral for Sunni Member of Parliament Ifan Saadoun al-Issawi, after he was assassinated near Fallujah, Iraq. Seven people, including the lawmaker, were killed in the suicide […]

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Video: "US, Saudis Unleash al-Qaeda on Iraq"

From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. An analyst says, Iraq is being pressured with terrorist bomb attacks by foreign imperial entities and Persian Gulf dictatorships to reverse their position on Syria. In the background of this at least 40 […]

EU-Iraq Agreement: New Opportunities to Boost Democracy

Iraq can enjoy new economic opportunities and receive a boost to its efforts to promote democracy and human rights in the country thanks to its first-ever framework agreement with the EU. That is the view of Italian Christian Democrat MEP Mario Mauro (pictured), who is responsible for steering the agreement through Parliament. He is recommending […]

DPM Discusses Investment with Australian Ambassador

By John Lee. The Deputy Prime Minister, Salih al-Mutleg [Saleh Al-Mutlaq], hosted the Australian Ambassador to Iraq, Lyndall Sachs (pictured), at his office in Baghdad. AIN reports that the two sides discussed encouraging Australian investment companies to work in industrial, agricultural and humanitarian development fields. The Ambassador said her country was ready to offer all support […]

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Iraq’s Political Rights Rating Falls

By John Lee. Iraq’s political rights rating declined over the past year, according to a new report from Freedom House. The fall was due to the concentration of power by Prime Minister Nouri al-Maliki and increasing pressure on the political opposition, as exemplified by the arrest and death sentence in absentia of Vice President Tariq […]