Iraq's National Investment Commission (NIC) has issued details of a proposed new monorail transport system for the city of Karbala. Project Name: Karbala Monorail General Specifications: Concrete monorail train that goes 6 meters above the medium sideway. Length of the preliminary line: Length of the operating lines: 15 KM The second and third phases to […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
President Masoud Barzani thanked the outgoing Dutch Ambassador to Iraq, Peter van Leeuwen, who was on a farewell visit to the Kurdistan Region on Wednesday, for his exceptional contribution to strengthening the friendship between the people of the Kurdistan Region and the Netherlands. During their meeting in Erbil on Wednesday, President Barzani thanked the ambassador […]
Iraq has asked China to set up a fund to help with the reconstruction of the war-battered country, Iraqi government spokesman Ali al-Dabbagh said on Monday during a visit to Beijing by Iraqi Prime Minister Nuri al-Maliki. Reuters reports that he also said Baghdad was keen to get Chinese companies investing in the country, which […]
Shell has reportedly begun a planned three-day production shutdown at Iraq's Majnoon oilfield for upgrades and maintenance. The field, which is currently producing around 65,000 barrels per day (bpd), is expected to restart output on Wednesday, a company spokesman said. Majnoon is one of the fields awarded to international companies as part of the OPEC […]
British MPs yesterday launched a report on their most recent fact-finding visit to the Kurdistan Region at a press conference in the UK parliament. The MPs concluded that although Kurdistan has to urgently overcome some defects, it is an inspiring success story in the making which deserves stronger support. Meg Munn, the Co-Chair of the […]
According to a report from Reuters, the new president of the Trade Bank of Iraq said on Monday that the bank is operating normally and expansion plans are moving ahead, its new president said on Monday to allay fears of correspondent banks after its former chief fled amid allegations of financial irregularities. To allay fears […]
Construction of a port near Iraq's coast is moving ahead as scheduled despite increasingly vocal opposition from Baghdad, government engineers said this week, according to a report in The National. Iraqis say the Mubarak al Kabeer port being built by Kuwait on Boubyan [Bubyan] Island will strangle their own shipping industry by blocking access to […]
In addition to the dispute between Iraq and Kuwait regarding the new Mubarak port in Kuwait, the two countries are also reported to be in conflict about the planned siting of nuclear reactors. Press TV reports that the head of the Kuwaiti national committee for nuclear power, Ahmad Bisharah, has said that Kuwait is planning […]
The following article was published in the latest edition of Inside Iraqi Politics, and it is reproduced here with the publisher’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Full Text of Inside Iraqi Politics Issue No. 18 (PDF) Prime Minister Nuri al-Maliki’s […]
Foreign Office Minister Lord Howell said that Iraq's natural resources have the potential to help tackle the world's energy challenge when he spoke at the Iraq Petroleum Conference. Speaker: Foreign Office Minister Lord Howell Event: Iraq Petroleum Conference Location: London Ladies and Gentlemen I am delighted to be back at the Iraq petroleum conference addressing […]
By Layth Mahdi, Agricultural Advisor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi agriculture production and productivity has been on a linear decline since 2003. Despite this, it remains the second-largest contributor to Iraqi GDP after oil revenues. It has the potential […]
