How Iraqi Real Estate became Subject of Corrupt Dealings
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. When the Iraqi Commission of Integrity Court entered a default judgment Oct. 16 against the head of the Karbala Real Estate Registration Directorate, ordering her imprisonment for tampering with […]
Further Payment Received for Tawke Oil Exports
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 31.33 million from the Kurdistan Regional Government as payment towards August crude oil deliveries to the export market from the Tawke field. The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 26.27 million toward the monthly […]
The Growth of the Iraqi Tech Ecosystem
By Hal Miran, Editor-in-Chief, Bite.Tech. It might be surprising to know that the region of the Middle East has become a blossoming entrepreneurial, tech startup hub. From Jordan to Lebanon and Iran to Egypt, the region has made significant progress with innovation driving tech startup growth. Israel has more startups per capita than anywhere else […]
The Young Iraqi Behind ‘The Better Facebook’
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Sajad Saadi has dreams of becoming the next Mark Zuckerberg, the now-seriously wealthy American who helped found Facebook while he was at university. And to get that particular party started, […]
WFP Launches WiFi System In Iraqi Refugee Camp
The World Food Programme (WFP) today launched an innovative project that provides wireless internet access to Syrian refugees living in Domiz refugee camp in northern Iraq, the largest refugee camp in Iraq which is home to 31,000 Syrian refugees. Syrian refugees forced to flee the conflict in Syria can now use the internet through the […]
Toyota, UNDP Launch Training and Jobs Programme for IDPs
UNDP and Toyota capacitate displaced Iraqis to join the workforce and contribute to rebuilding the business environment The United Nations Development Programme (UNDP) and Toyota Iraq launched a flagship job placement and vocational training programme to provide young, displaced Iraqis with access to sustainable income opportunities. This comes nearly four months after both parties signed […]
Iraq hopeful of more Filipino Investments
By John Lee. The Philippine embassy in Baghdad has said that the recent opening of ICTSI's $130-million port development in Basra opens further possible opportunities in construction and the oil and gas sectors. In a statement, Chargé d'Affaires Elmer Cato (pictured) expressed the hope that more Filipino companies would explore investment opportunities in Iraq. Philippine-based […]
Coalition Strikes Hit ISIL Terrorists in Syria, Iraq
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Monday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack aircraft conducted […]
Video: Search for ISIL Fighters in Kirkuk
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Security forces remain on high alert in Kirkuk a week after they foiled an attempt by fighters belonging to the Islamic State of Iraq and the Levant (ISIL) group to take control of […]
Oil Ministry asks IOCs to drop Dubai Offices
By John Lee. Reuters reports that Iraq has asked international oil companies to save costs by shutting down their prestige offices in Dubai and running their Iraqi operations from within Iraq. Oil companies with contracts in Iraq have to clear spending with Baghdad, including staffing costs, and are then repaid with income from Iraq's exports […]
Shell, Vitol increase UAE storage for Iraqi Oil
By John Lee. Shell and oil trading house Vitol are reported to be stepping up their operations in the port of Fujairah to store Iraqi crude. Shell, an equity partner in Iraq's Majnoon oilfield, leased five large crude storage tanks at Fujairah port last year. Vitol has also started to store crude from Iraqi Kurdistan in […]
Pentagon Hails Progress, Momentum in Mosul Fight
Iraqi security forces and Kurdish Peshmerga fighters are making progress as they push toward Mosul in the effort to liberate the city from the Islamic State of Iraq and the Levant, the Pentagon's press secretary said on Monday. "There's no question that counter-ISIL forces continue to have the momentum in this fight," spokesman Peter Cook […]