Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The UK's Court of Appeal has reportedly overturned the conviction of Paul Bond, who was jailed last year in relation to the Unaoil bribery scandal in Iraq. Mr Bond (69), a former senior sales manager at SBM Offshore (SBM), had been sentenced to three and a half years in prison on two […]
By John Lee. Lebanese company Primesouth International Offshore has commenced arbitration proceedings against Iraq at the International Centre for Settlement of Investment Disputes (ICSID). Details of the dispute have not been released, but in 2020 the company was reported to have signed a two-year contract, along with China CAMC Engineering Co (CAMCE), to install 640 […]
By John Lee. Iraq's Ministry of Industry and Minerals has reportedly finalised the details of an "Economic City" between Iraq and Jordan. According to the Iraqi News Agency (INA), USID has carried out a comprehensive study of the project, and land has been allocated for the Industrial Cities Commission, It says the aim is to […]
UNAMI and Iraqi Network for Social Media hold roundtable discussion on digital rights and digital security in Baghdad UNAMI, in cooperation with the Iraqi Network for Social Media (INSM), organized a roundtable on digital rights and digital security in Baghdad on Tuesday. This provided for the first time a platform for dialogue among Iraqi authorities, […]
By John Lee. The Minister of Oil, Ihsan Abdul-Jabbar Ismail, has said that Iraq is committed to reducing carbon emissions through implementing a number of gas investment projects and developing gas fields, as well as projects to produce solar energy. At a conference in Iraq under the title "Pathways for a lower carbon future for […]
By John Lee. A report by the UN's World Food Programme (WFP) has said that the food security situation in Iraq is now being exacerbated by the global impacts of the Ukraine-Russia war. The two countries are the key suppliers of food, energy, and agricultural inputs, globally. Russia and Ukraine jointly are responsible for almost […]
By John Lee. Iraq has ranked 107th out of 146 countries in the latest World Happiness Report, a small improvement on its ranking of 111th last year. The report, produced by the Sustainable Development Solutions Network (SDSN), uses global survey data to report on how people evaluate their own lives around the world. Co-author Lara […]
By John Lee. The Iraqi Cabinet has approved a contract between the Ministry of Electricity and Iran's Power Generation and Distribution Company (Tavanir) for the supply of electricity. According to details released from the cabinet meeting this week, the term of the contract shall be five years, and the price is reduced from 3.4 cents […]
By John Lee. Iraq has extended its suspension of customs duties on basic commodities such as foodstuffs, construction materials and essential consumables from two months to three months. It has also similarly extended its suspension of the import ban on some goods, including foodstuffs, consumables, and medicines from two months to three months. The initial […]
Consultation workshop on the Commercial Arbitration Bill and the New York Convention to implement its mechanisms paving economic growth in Iraq As Iraq acceded recently to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, which entered into force on 9 February 2022, UNDP in partnership with the European Union (EU) […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why Iraq cannot afford a stronger dinar While Iraq's political elites remain in deadlock over government formation, the value of the Iraqi dinar has reemerged as a source of contention over which to […]
By John Lee. Protests have erupted in Iraq's impoverished south over a rise in food prices that officials attributed to the conflict in Ukraine. Click here to read the full story. (Source: Asharq Al-Awsat)
