Iraq Business News brings you the latest Iraqi politics news, keeping you up to date with the latest information and developments.
By John Lee. The Iraqi Cabinet has agreed to invite Russia's Gazprom to develop the Nassiriyah oilfield as a single contract. While described in a statement from the Prime Minister's office as an "integrated development project", to be offered as a "single bid", it is not immediately clear if this is the originally proposed Nassiriya […]
By John Lee. Iraqi Foreign Minister Fuad Hussein has called on the US Treasury Department to reconsider its recent imposition of sanctions on Iraqi banks. During a phone call from the US Secretary of State, Antony Blinken, Minister Hussein explained that these banks have, "an important and major role in financing ration card expenses and […]
By John Lee. Transparency International has said that Iraq has improved its ranking, and maintained its score, in the global Corruption Perceptions Index (CPI) for 2023. From a total of 180 countries, Iraq came in at number 154, up 3 places on the previous year. This result puts it on equal ranking with Honduras, Azerbaijan […]
By Bilal Wahab for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Two Tough Scenarios for U.S.-Iraq Relations Washington's ever-narrowing Iraq policy has left it with unpalatable choices, but muddling through is a better short-term option than […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Why a US withdrawal from Iraq is off the table An important letter was delivered to Iraqi Foreign Minister Fuad Hussein last week. In a Jan. 24 meeting, US Ambassador Alina […]
By John Lee. Kuwait and Saudi Arabia have renewed their call for Iraq to respect the agreement between the Iraq and Kuwait on the regulation of maritime navigation in the Khor Abdullah waterway. In September, the Iraqi Federal Supreme Court declared the agreement to be unconstitutional. A joint statement issued on Wednesday at the conclusion […]
By John Lee. Prime Minister Mohammed Al-Sudani met with a group of Iraqi businesswomen at the weekend, affirming the government's determination to support women in business. Al-Sudani said that reforms in the financial and banking sectors have prioritised supporting the business sector for women and providing employment opportunities for Iraqi women in the private sector. […]
By John Lee. US President Joe Biden has announced his intent to nominate Tracey Ann Jacobson (pictured) as Ambassador to Iraq. If approved by the Senate, Ms Jacobson will take over the role from Alina L. Romanowski, who has served in the post since June 2022. In a statement from The White House, Tracey Jacobson […]
By John Lee. The official spokesman for Iraq's Ministry of Planning, Abdul Zahra Al-Hindawi, has said that Iraq has experienced stability and a decrease in inflation rates over the past two years. In 2021, the inflation rate was 6 percent, decreasing to 5 percent in 2022, and further dropping to 4.4 percent in 2023. He […]
By Abbas Kadhim for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's prime minister is sending mixed messages on whether US forces should withdraw or not The coming months will reveal whether the Iraqi government intends to uphold the […]
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq, KRG leaders cancel meetings with Iran's FM at Davos over missile row Tensions between Baghdad and Tehran have flared since the Monday attack, which Tehran claimed targeted an […]
By John Lee. Another prominent Iraqi entrepreneur and investor is reported to have been killed in the recent attack by Iran's Islamic Revolutionary Guard Corps (IRGC) on targets in Erbil. Syriac Press, which covers, "events related to the Syriac-Aramean-Assyrian-Chaldean people [in the region]", said: "Among those killed was Chaldean-Syriac-Assyrian businessman Karam Mikhail. Mikhail was visiting […]
