Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
On June 9, 2019, Ambassador Matthew H. Tueller presented his credentials to serve as U.S. Ambassador to Iraq to President Barham Salih and Foreign Minister Mohamed Alhakim. Ambassador Tueller thanked President Salih and Minister Alhakim for their warm reception and commented: “The United States is committed to our Strategic Framework Agreement which defines our bilateral […]
Iran Has Taken Invaluable Steps to Cement Ties with Iraq: Envoy Iran’s Ambassador to Iraq Iraj Masjedi highlighted the importance of bilateral relations between the two neighboring countries and said Tehran has taken major strides to strengthen ties with Baghdad. “We are trying to boost our relations with Iraq in all areas,” Masjedi said, addressing […]
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. Iraq electricity minister: US will continue exemptions for Iranian electricity imports In an exclusive interview with Al-Monitor, Iraqi Minister of Electricity Luay al-Khatteeb talked about the situation of Iraq’s electricity […]
US-based Capstone Turbine Corporation (Nasdaq: CPST) has announced today that it has secured an order for two C600 Signature Series microturbines to provide 1.2 megawatts (MW) of energy to power a triethylene glycol (TEG) dehydration facility in the Basra region of Southern Iraq. The order also includes Capstone’s new self-cleaning pulse filtration system which will […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. After decades, Iran, Iraq ready to Dredge the Shatt al-Arab Hope of restoring a clean water lifeline to Basra province is on the rise again with plans by the Iraqi and […]
The U.S. Agency for International Development (USAID) hosted a workshop in Erbil, in the Iraqi Kurdistan region, on May 14, 2019, to discuss USAID’s New Partnership Initiative (NPI) with 30 local and faith-based Iraqi organizations. USAID will co-create with successful applicants to award $3 million dollars by the end of this U.S. Government’s Fiscal Year […]
GE Power (NYSE: GE) has installed and commissioned a new advanced 9E gas turbine at the Iraqi Ministry of Electricity’s (MoE) Al Qudus Power Plant. The site was previously capable of generating up to 1,125 megawatts (MW) of power. With the addition of the new turbine, it can generate an additional 125 MW, which will […]
By John Lee. Contrary to recent reports that the US had granted a waiver to Iraq to allow it to continue buying power from Iran, a State Department spokeswoman reportedly said on Wednesday that this was not the case. Reuters quotes Morgan Ortagus as telling reporters that Secretary of State Mike Pompeo has not made […]
By John Lee. Israel has reportedly lifted a ban on trade with Iraq, despite the fact that the two countries do not have official relations and are technically at war. According to Middle East Monitor, citing Israeli newspaper Maariv, Finance Minister Moshe Kahlon (pictured) signed an official directive on Monday allowing trade with Iraq. Maariv […]
By Isadora Gotts for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. PMU economic offices undermine fragile stability in Mosul Escalating tensions between the United States and Iran are spilling over into Iraq as the United States orders the evacuation of all non-emergency […]
Iraq faces a tough challenge in developing its potential Writing in the Financial Times, Nick Butler argues that while the security situation across Iraq is probably better than at any time in the past three decades, success is not preordained. Click here to read the full article (subscription required)
Iraqi Foreign Minister Mohammad al-Hakim said his country would stand by the Iranian nation and government in the era of US sanctions against Tehran. Iraq stands with Iran and is willing to act as an intermediary between its neighbor and the United States, Hakim said on Saturday speaking in a press conference with his Iranian […]
