CBI Suspends Session Due to Armed Attack

The Central Bank of Iraq (CBI) decided to suspend its dollar sales on Monday and will resume its sessions on Tuesday after a recent armed attack, a media source said. On Sunday (June 13), the spokesman for the Baghdad Operations Command (BOC) Maj. General Qassem Atta said fifteen civilians and three terrorists were killed in […]

2 New Projects in Basra

The Basra Investment Commission announced on Monday that two projects in the province are up for bidding. “The first project is for a fishermen’s harbor in the al-Faw suburb,” a source from the commission told Aswat al-Iraq news agency. “The second project is for a factory to produce chemicals in the Abu al-Khaseeb suburb,” the […]

Iran MP Warns on Slow Development of Joint Oil Fields

Majlis Energy Committee Chairman Hamid-Reza Katouzian has warned about the sluggish pace of the development of Iran’s joint oil fields with Iraq and other Persian Gulf states. Katouzian blamed inadequate investment, wrong policies, and improper decisions in Iran’s oil sector for the slow progress in the oil sector. “Unfortunately, sometimes decisions that are made without […]

Kurdistan Should Resume Oil Exports, Minister Says

The Kurdish areas of northern Iraq should resume oil exports “immediately,” without waiting for clearance from the finance ministry, Iraqi Oil Minister Hussain Al-Shahristani said. Kurdistan should not wait for an agreement on payments to foreign companies before resuming oil exports, he said in an interview in Baghdad today. “We have informed them that they […]

New Iraqi Parliament Meets for First Time

Iraq's new parliament met on Monday for the first time since elections were held on 7th March. According to Voice of America, “the session adjourned quickly, because parliament members had not ironed out the main items on the agenda”. The session is still technically 'open', but suspended indefinitely, so as not to trigger a constitutional […]