Archive | Politics

Iraq Business News brings you the latest Iraqi politics news, keeping you up to date with the latest information and developments.

Video: The Privatization of Iraqi State-owned Enterprises

The Iraq Britain Business Council (IBBC) presented a webinar yesterday discussing a road map for the privatisation of the 176 state-owned enterprises (SOEs) in Iraq. Discussions were based on the recently-published IBBC paper, The Privatization of Iraqi State-owned Enterprises, the lead author of which was Professor Frank R. Gunter, of Lehigh University. The paper can […]

Why Iraq remains without a Budget in place

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 remains without a budget in place Nearly ten months after parliamentary elections, Iraq's political parties have still not managed to form a government, holding up the passage of important legislation-including the […]

Three Oilfield Services Companies to Leave Kurdistan

By John Lee. The Iraqi Ministry of Oil has confirmed reports that three major US-based oilfield services companies have informed the Ministry that they will refrain from entering into new projects Iraqi Kurdistan. It says that Schlumberger, Baker Hughes and Halliburton have made the commitment to comply with the Federal Supreme Court ruling that oil […]

Iraq to Close for Eid Al-Adha Holiday

By John Lee. Prime Minister Mustafa al-Kadhimi has announced that the Eid al-Adha holiday will begin on Saturday 9th July, and end on Thursday 14th July. Government institutions will resume work on Sunday 17th July. The Iraqi Stock Exchange will also close during this period. (Sources: General Secretariat for the Council of Ministers, ISX, Rabee)

Schlumberger "Withdraws from Iraqi Kurdistan"

By John Lee. Schlumberger has reportedly announced its withdrawal from Iraqi Kurdistan, as a result of the Federal Supreme Court ruling that oil contracts signed with the Kurdistan Regional Government (KRG) are unconstitutional. Sources told the official Iraqi News Agency that the US-based oilfield services company "sent a letter with an official document to the […]

How Sadr's Shiite Rivals became Largest Parliamentary Bloc

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Explainer: How Sadr's Shiite rivals became largest bloc in Iraq's parliament Many of the new members of the Council of Representatives taking the place of the 73 Sadrists who […]