By John Lee. The Iraqi parliament has ordered a nationwide manual recount of all votes from the parliamentary elections, following claims from Prime Minister Haider al-Abadi that there had been serious violations. Iraq's top judicial authority, the Supreme Judicial Council, will also take over the Independent High Electoral Commission (IHEC), replacing the local heads in each […]
Baroness Nicholson of Winterbourne, President of the Iraq Britain Business Council (IBBC), visited Baghdad on 2-3 June, accompanied by Managing Director Christophe Michels, as well as Rasmi Al Jabri, Deputy Chairman and Iraq Representative to meet with numerous politicians and IBBC member representatives. Jonathan Wilks CMG, Her Majesty’s Ambassador to Iraq joined the IBBC team […]
By John Lee. The National Investment Commission (NIC) has announced six new investment opportunities in Iraq: Starch and Dextrin production, General Company for Food Products Sulphur/Sulfur production, Mishraq Sulphur Company (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has contradicted a recent report originating from Iran’s oil ministry news agency Shana, claiming that the Iran-Iraq oil swap had started. Reuters quotes the minister as saying that implementation of the agreement has been delayed due to "logistical issues". (Source: Reuters)
Basra Multi-purpose Terminal (BMT), the largest multi-purpose port facility in Iraq, announces a major development in the Port of Umm Qasr. Marking a significant expansion to their existing facilities, BMT will be increasing their total investment in Umm Qasr Port to over USD 200 million, aimed to further advance the port in the international trade […]
The Logistics Cluster, led by the United Nations World Food Programme (WFP), has welcomed a generous contribution of US$860,000 from the Iraq Humanitarian Fund (IHF). The Cluster facilitates the movement of humanitarian supplies including food, medicines and even ambulances on behalf of the entire humanitarian community in Iraq. “This contribution is perfectly aligned with the […]
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. Two pro-Iranian militias active in Iraq and Syria declared that possible US sanctions targeting them would be ineffective and claimed that such sanctions would actually strengthen their presence and expansion in the Middle East. The US […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On May 30, the Independent High Electoral Commission of Iraq annulled votes cast at more than 1,000 of the country’s polling stations, including 186 stations in Kirkuk, a city […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. It's been three weeks since the parliamentary election in Iraq and many Iraqis voted for a nationalist party opposed to foreign interference. But both Riyadh and Washington want an Iraq that is sympathetic […]
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. Locals in Al Qaim, Anbar, worry that the current stable security situation can’t last. It’s being upheld by US troops and Iran-allied militias, whose antipathy toward one another is becoming […]
Swiss-Swedish group ABB has won orders from the Ministry of Electricity in Iraq to deliver five fixed and 15 mobile 132-kilovolt substations that will help strengthen the power grid and provide electricity in central Iraq. The government of Iraq is rebuilding the country and investing in its grid as part of its ambitious plan to […]
Iran started swapping oil with Iraq's Kirkuk on Sunday, after the two neighbours sorted out the logistic issues that were preventing the swap's startup. According to the CIF-based swap deal, Iran receives 30,000 to 60,000 bpd of oil from the Kirkuk oil fields in northern Iraq to an Iranian refinery across the border via tanker […]
