Iran’s president called for stronger banking relations with Iraq to allow for a growth in the bilateral trade and economic cooperation. In a meeting with Iraq’s parliament speaker in Tehran on Tuesday, President Hassan Rouhani said expansion of economic and trade ties between the two neighbors hinges on enhanced baking relations. The central banks of […]
By John Lee. Genel Energy has announced that the Taq Taq partners have received a gross payment of $10.10 million from the Kurdistan Regional Government for oil sales during October 2017. Genel's net share of the payment is $5.55 million. (Source: Genel Energy)
By Mahmut Bozarslan for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The partnership Turkey, Iran and Iraq formed against the Kurdistan Regional Government (KRG) independence referendum in September has left Tehran pleased but left Ankara severely disappointed. Ankara had two basic expectations about the partnership. First, Turkish officials believed […]
Iraq Business News is proud to announce that our Expert Blogger Ahmed Mousa Jiyad has just contributed to a major new book on the regulation of the upstream oil and gas industry. The second edition of Upstream Law and Regulation: A Global Guide, published by Globe Law and Business, summarises the upstream regulation and the […]
Gulf Keystone Petroleum (GKP) has announced that a crude oil sales agreement has been signed between Gulf Keystone Petroleum International Ltd ("GKPI"), on behalf of the Shaikan contractors, and the Kurdistan Regional Government (KRG). Under the agreement, the KRG will purchase Shaikan crude oil at the monthly average Dated Brent oil price minus a total […]
By John Lee. Plans are reportedly progressing to launch a free ka-band satellite broadband service in Iraq in the second quarter of 2018. UK-based Quika promises the world’s first entirely free high-speed satellite internet for consumers in developing countries. Its free plan will be funded by paid-for services for enterprises and internet providers. According to […]
Number of Returns Exceeds Number of Displaced Iraqis: UN Migration Agency For the first time since the beginning of the Iraq crisis in December 2013, the number of people returning to their area of origin has surpassed the number of people displaced in the country. Over the past four years, the country has been deeply […]
By Shelly Kittleson for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Two months after government forces retook Iraq’s last major city from the Islamic State (IS), the country is preparing for parliamentary elections slated for May. Anbar, its largest and westernmost […]
By John Lee. On 13th February 2018, and within series of events of the Kuwait International Conference of Iraq Reconstruction and Development, Kuwait Chamber of Commerce & Industry (KCCI) will organize jointly with Iraq's National Investment Commission (NIC), the World Bank (WB) and the Kuwait Fund for Arab Economic Development (KFAED) a conference entitled Invest […]
By John Lee. The ride-hailing service Careem has reportedly launched its services in Baghdad. According to Saudi Gazette, the Dubai-based company plans to expand to other cities across Iraq in the near future. (Sources: Saudi Gazette, Arabian Business)
By John Lee. The Diyala State Company has announced an opportunity to invest in the production of Electronic Energy Meters. More details here. (Source: National Investment Commission)
Continued U.S. Assistance to Better Meet the Needs of Minorities in Iraq The United States Agency for International Development (USAID) and the United Nations Development Programme (UNDP) have agreed to increase assistance to Iraqis, particularly religious and ethnic minorities, to enable them to return to their homes in areas liberated from ISIS. Following Vice President […]
