Canada to assist KRG to Develop Governance
Minister Falah Mustafa and President of Institute on Governance discussed ways of advancing better governance in Kurdistan and consolidating federal system in Iraq. The president of the Institute, Ms. Maryantonett Flumian, briefed Minister Mustafa on the mission of the institute, which is advancing better governance in the public interest by exploring, developing and promoting the […]
US Man gets 27 mths Jail for Iraq Fraud
By John Lee. A US District Court has sentenced an American man to 27 months in prison, followed by three years of supervised release, for operating two investment schemes that defrauded people of more than $200,000. Joseph T. Morris, aged 52, and two others set up a company whose initial focus was on establishing a […]
How Renewed Turkey-PKK Conflict Threatens KRG
By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan's prospects of stability might be affected by the renewed resolve by Turkey's Justice and Development Party (AKP) to fight the Kurdistan Workers Party (PKK), even after its spectacular […]
Iraq Oil Output to hit 6m bpd by 2020
By John Lee. Iraq is planning to produce up to 6 million barrels of oil per day by 2020, Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] (pictured) has said. Speaking to a Shana correspondent he said that the country’s current oil production stands at 4.3 million barrels per day. He also announced that Iraq […]
Wood Group wins $90m Contract in Iraq
Wood Group has won a new contract worth approximately $90 million to deliver services to one of the world’s leading blue-chip international oil companies (IOC) in Iraq. Wood Group PSN (WGPSN) will provide project management for an onshore facility under the three year contract, which is effective immediately. Concept and FEED work for future projects […]
Applications Open for MEPI Student Leaders Program
The U.S. Embassy in Baghdad has announced that the application period for the 2016 Middle East Partnership Initiative (MEPI) Student Leaders Program is open. Applications will be accepted until the deadline of December 21, 2015. Funded by the U.S. Department of State, the MEPI Student Leaders Program supports the goals of the U.S.-Iraq Strategic Framework […]
UN Concerned about Proposed National Identity Law
The Office of the United Nations High Commissioner for Human Rights in Iraq (OHCHR) and the Human Rights Office of the United Nations Assistance Mission for Iraq (UNAMI) are concerned about the potential effect of the proposed National Identity Law, particularly Article 26, on minority ethnic and religious communities of Iraq. Article 26 stipulates that […]
Campaign to Eliminate Gender-Based Violence
16 Days of Activism to eliminate gender-based violence launched Iraq joined the United Nations and the rest of the world today to mark the start of the world campaign for 16 Days to Eliminate Gender-Based Violence. The campaign continues until 10 December when the world celebrates Human Rights Day. The 16 days against gender-based violence […]
Military Strikes Continue Against ISIL Terrorists in Syria, Iraq
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Bomber and remotely […]
Iraq to Privatise Govt's Two Largest Banks
Shafaaq News reports that the Central Bank of Iraq (CBI) has announced its intention to privatize the two largest banks in the country. It quotes CBI Governor Ali al-Alaq as saying: "The bank's management is moving to privatize al-Rafidain and al-Rasheed Banks or participate with the private sector ... the move is being coordinated with […]
KRG to Begin Natural Gas Exports to Turkey
By John Lee. The Chairman of Genel Energy has said that the KRG will begin exporting natural gas to Turkey within two or three years. Tony Hayward (pictured) told the Atlantic Council conference in Istanbul that 20 billion cubic metres will hit the Turkish market by 2020, with KRG Natural Resources Minister Ashti Hawrami saying […]
How to Resolve Iraq's Economic Crisis
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi government faces a huge budget deficit and is having difficulty running the country’s economic activities because of plummeting oil prices, the heavy burden of the war against the Islamic State and rampant […]