US, Iraqi Defense Ministers discuss Partnership
US Defense Secretary Jim Mattis (pictured) and Iraqi Defense Minister Arfan al-Hayali discussed the strong U.S.-Iraq defense partnership in the fight against the Islamic State of Iraq and Syria during a phone call on Wednesday, Pentagon spokesman Navy Capt. Jeff Davis said. In a statement summarizing the call, Davis said Mattis congratulated Hayali on his […]
Video: al-Sadr Supporters demand Electoral Reform
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Hundreds of supporters of Iraqi cleric Moqtada al-Sadr demonstrate in Baghdad to demand electoral reform ahead of a planned provincial vote in September:
Basra Oil Terminal stops Loading for 24 hrs
By John Lee. Oil exports from Iraq's main gulf terminal have reportedly stopped from midnight on Tuesday for 24 hours to allow the installation of a new pipeline. Two sources at the South Oil Company (SOC) told Reuters that loading at the three single-point moorings (SPMs) connected with the Basra terminal will not be affected. […]
Japan approves $100m Loan to Iraq
Japan has approved a loan of about $100 million to support humanitarian, counter-terrorism and infrastructure projects in Iraq, a Japanese embassy statement said on Tuesday. In January, Japan approved loans worth $240 million to Iraq to rebuild damaged electricity infrastructure in areas recaptured from Islamic State. Iraq's government income, which comes almost exclusively from oil […]
Payments Received for Tawke and Taq Taq Oil Exports
By John Lee. DNO ASA, the operator of the Tawke field, and its partner Genel Energy, have announced that they have received a payment of $35.45 million from the Kurdistan Regional Government (KRG) as payment towards November 2016 crude oil deliveries to the export market from the Tawke field. The payment reflects full settlement of […]
Renewed Tensions over Kuwait-Iraq Border
By Sara al-Qaher for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Controversial canal again sparks dispute in Iraq Iraq is fighting a tide of dissent as its lawmakers accuse the government of handing over the Khor Abdullah border canal to Kuwait […]
Iraq Shuts Down Internet again to Combat Cheating
By John Lee. Iraqi authorities have reportedly shut down the internet across the country on several occasions over the past week in an effort to combat cheating in exams. According to dyn.com, this is the third year in a row the Iraq has resorted to these tactics. A report from the Brookings Institution recently found […]
PM calls for New Electoral Commission
Iraqi Prime Minister Haidar al-Abadi has called on the parliament to form a new electoral commission, as the expiration of the legal term of the current commission is nearing. Abadi made his call during his weekly news conference on Tuesday. A group of Iraqi MPs had submitted a petition to the speaker of parliament requesting […]
US, Coalition Continue Strikes Against IS
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Monday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and remotely […]
ISIL Fighters Trapped in Western Mosul
As Iraqi security forces continue the push to liberate Mosul, terrorists with the Islamic State of Iraq and the Levant find themselves trapped in the city's west, a Pentagon spokesman said. "At this point, ISIL fighters are stuck in Mosul," the Defense Department's director of press operations, Navy Capt. Jeff Davis, told reporters. With Iraqi […]
Oil Minister to Attend Iraq Petroleum Conference
The CWC Group has confirmed the attendance of H.E. Jabbar Al Liabi, Minister of Oil, Federal Republic of Iraq, at the 2017 edition of Iraq Petroleum, taking place at 8 Northumberland Avenue, London on 22-23 May 2017. H.E. Jabbar Al Liabi, a regular speaker at CWC Iraq events, will open this year’s Iraq Petroleum Conference […]
Iran Mercantile Exchange plans Branch in Iraq
By John Lee. The Iran Mercantile Exchange (IME) has set up a taskforce to "strengthen and deepen" its relationship with Iraq. Among the areas being considered are free economic zones on both sides, simplification of customs regulations, and the use of modern financial instruments like Certificate of Depositary Receipt based on warehousing systems to be […]