By John Lee. The Iraqi cabinet has reportedly approved a plan to improve relations with Gulf Cooperation Council (GCC) member states. In a news conference, Iraqi Prime Minister Haider Al-Abadi (pictured) recalled that the GCC leaders had adopted a resolution in their last meeting on expanding strategic cooperation with Iraq, which they considered a "main […]
By John Lee. Iran's Minister of Industry, Mine and Trade, Mohammad Shariatmadari (pictured), has said it is hoped that upcoming visit of Iran's first vice president Es’hagh Jahangiri to Iraq will "outline the economic cooperation roadmap between the two countries." Shariatmadari and his accompanying delegation held talks on Monday with Iraq's Minister of Housing and […]
Launching the capacity building program on "Government-Wide Institutional Performance Management" The first in a series of capacity building workshops has been concluded in Erbil, Iraq. With the ultimate aim of helping Iraq reinforce its accountability and efficiency mechanisms, the workshop’s objective was to improve the Iraq public sector readiness to apply a new model of […]
By John Lee. By the end of this year Iran's IKCO will strengthen its presence in Iraq, dispatching 300 Peugeot Pars passenger cars, equipped with automatic gearboxes. "Iraqi market is one of the foremost export markets for IKCO," said Hassan Golchubian, IKCO Export Director of the Middle East and Africa, adding that as other markets, […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In Iraq's Anbar province, visitors can be hard pressed to find a hotel room as tribal tradition makes housing guests a point of honour. View on YouTube
By John Lee. Saudi Arabia’s King Salman has promised to build a football stadium in Iraq. The news followed a friendly match between the two countries’ teams in Basra last week. The Iraqi-Saudi Ministerial Coordination Council met on Monday to discuss the measures needed to improve cooperation in the economic, investment, cultural and other sectors. […]
By John Lee. Ford has appointed Al-Kasid Group as its new authorised importer-dealer for the sale and service of Ford vehicles and distribution of Ford and MotorCraft® parts in all of Iraq, the company has announced. Al-Kasid Group is one of Iraq’s largest consortiums, and will be ready to welcome and serve Ford customers effective […]
On 6 March, the Government of Iraq as well as the United Nations and its partners launched their 2018 plans for Iraq – the Plan for Relief, Shelter and Stabilization of Displaced People, and the Humanitarian Response Plan. With the end of large-scale military offensives in late 2017, many families have been returning and are […]
By John Lee. Iraq's Commission for Accountability and Justice has reportedly completed the list of the relatives and associates of the late President Saddam Hussein (pictured), who are to have their assets confiscated. According to a report Asharq al-Awsat, the confiscation involves 52 senior officials from his former regime, and over 4,000 ex-ministers and officials […]
By Salam Zidane for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi government sent to parliament a revised version of the 2018 budget bill for the fourth time Feb. 11. The budget proposal includes a new 10% tax on sales at commercial centers, restaurants and […]
By John Lee. Reuters reports that Iraq’s parliament voted on Monday to establish a new Iraqi National Oil Company (INOC) to manage its upstream energy sector, and serve as an umbrella body for its state-owned oil firms. According to the report, the move revives a company originally established in the 1960s and merged into the […]
Houston-based GTC Technology is providing a gasoline production complex project for ABG (Al Barham Group Companies) for the refining and distribution of petroleum products. The grassroots complex will process 12,000 BPD of straight run naphtha (SRN) and untreated natural gasoline (UNG) blend feed to produce high octane gasoline meeting Euro-V specifications. The plant will be […]
