Iran signed an agreement on exports of electricity to neighboring Iraq, covering 2020 and 2021. The two sides signed the agreement during a visit to Baghdad by Iran's Minister of Energy Reza Ardakanian, stressing their determination to broaden cooperation in the energy sector, despite American pressure on the Iraqi government to reduce economic ties with […]
Japan prioritizes Iraq's health and recovery from COVID-19 in new contribution The Government of Japan has committed US$2.26 million to support the Government of Iraq's response to the COVID-19 pandemic, in partnership with the United Nations Development Programme (UNDP) in Iraq. The funds will be used to purchase critical medical equipment such as ventilators, as […]
The Iraqi government says Iraq faces an immediate challenge caused by the decline in oil prices and the impact this has had on the economy and fiscal liquidity. Officials say that the impact of the fall in oil prices is compounded by other weaknesses caused by decades old policies of a command economy, and by […]
On Monday, 1st June the Iraq Britain Business Council (IBBC) held a well attended Women's Group discussion entitled 'Women in Business: Current Challenges and Future Perspectives' with Ms Samar Thamer Al Mafraji, Managing Director, AMS Iraq chairing the session. Speakers included: Ms Caroline McGarr, Managing Director, Thinkbank; Mrs Faten Issa Alsarraf, Managing Director, Final Fix […]
Iran's Minister of Energy Reza Ardekanian has paid a visit to Iraq for talks on energy cooperation. During his trip to Baghdad, Ardekanian will hold talks with his new Iraqi counterpart and the other senior officials of the Arab country to weigh plans for the promotion of cooperation in the electricity industry. The Iranian and […]
KAPITA has compiled a study about the economic effects resulting from the COVID-19 Pandemic. The research aims to provide insights and recommendations to tackle the challenges and opportunities that currently face the various segments of the Iraqi market. This will aid governmental organizations and authorities in devising effective policies to make a faster economic recovery. […]
By John Lee. Iraq's Ministry of Oil has announced oil exports for May of 99,585,283 barrels, giving an average for the month of 3.212 million barrels per day (bpd), down from the 3.438 million bpd exported in April. These exports from the oilfields in central and southern Iraq amounted to 96,039,852 barrels, while exports from […]
By John Lee. Oil giant BP has just published details of its transactions with the Government of Iraq in 2018 in respect of the Rumaila oilfield, as part of its Report on Payments to Governments 2018. Click on image below to see in more detail: (Source: BP)
The World Health Organization (WHO) in Iraq is urging Iraqis to follow the instructions of the health authorities to contain the spread of COVID-19 after a rise in infections, stressing that the re-introduction of a complete lockdown in Iraq was a necessary measure in the fight against the virus. WHO Representative in Iraq, Dr. Adham […]
By Al-Monitor staff. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq returns to lockdown after surge in coronavirus cases Iraq reimposed total lockdowns over the weekend following a surge in COVID-19 cases. After meeting with his COVID-19 task force on Saturday, Iraqi Prime […]
By John Lee. General Dynamics Land Systems has been awarded a $7,746,408 modification (P00018) to contract W56HZV-17-C-0026 to provide logistics support and training services to the Iraqi Army. Work will be performed in Taji, Iraq, with an estimated completion date of Dec. 31, 2020. (Source: US Dept of Defense)
Prime Minister Mustafa Al-Kadhimi chaired on Saturday a joint meeting of the Higher Committee for Health and National Safety and the parliamentary Covid-19 crisis cell. At the start of the meeting, the Prime Minister paid tribute to Iraq's health teams for being on the frontline during the current health emergency, and to Iraqi security forces […]
