Prepare for "The New Iraq"
Iraq is changing, and over the past four years our team at Iraq Business News have been keeping our readers ahead of the curve. In this week's newsletter, for example, you'll read about the new young entrepreneurs of Erbil. New business is also being won supplying Iraq with the expertise and material it needs in […]
Erbil and Baghdad: One Step Forward?
By John Lee. Just as some observers were saying the dispute looked intractable, Deputy Prime Minister for Energy Hussein al-Shahristani has announced a potentially big breakthrough in the ongoing saga of deal and no deal between Baghdad and the Kurdish Regional Government over oil exports to Turkey and oil revenues. Reuters has reported that after intensive […]
Turkey Defers to Baghdad on Kurdish Oil
By Semih Idiz for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. With hundred of thousands of barrels of its oil stuck in the Turkish Mediterranean port of Ceyhan, unable to be sold on the world market because of its continuing row with Baghdad, the Kurdistan Regional […]
Oil Development Continues at Hamrin
By John Lee. As part of an effort to continue to develop and expand oil production in Northern Iraq, the Minister for Oil Abdul Kareem Luaibi [Elaibi] (pictured) has announced that the ministry is accelerating development at the Hamrin (Himreen) field. This is despite an increased security risk in the area around the field's infrastructure, […]
Iraq Becomes China's Number Two Crude Exporter
By John Lee. Intensive competition to supply China's oil demand has combined with slowing demand for oil globally, and this is putting downward pressure on oil prices in 2014, Reuters reports. Iraq and Russia have positioned themselves to be long term suppliers of the Asian giant, squeezing out African and Latin American producers trying to improve […]
Iraqis Welcome Interfaith Harmony Week
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. On Oct. 20, 2010, the United Nations declared the first week of February the annual Interfaith Harmony Week. That decision came after a series of UN attempts to promote peace and harmony between different cultures and […]
Weekly Security Update 11 - 17 Feb 2014
By Constellis Consulting www.constellis-consulting.com Amid sustained levels of violence, this week was dominated by Muqtada al-Sadr’s withdrawal from politics. The announcement, made on 15 February, comes only two months before parliamentary elections for which Sadr was considered a serious candidate for the office of Prime Minister. While reasons behind his decision remain speculative, Sadr has […]
UK University Partnership with Soran University
Leicester University from UK has launched a new Natural Resources Research Centre, bringing together researchers from Leicester and Soran University in the Kurdistan region of Iraq. The new Centre, located in the Zagros Mountains – the largest mountain range in Iran and Iraq – will focus on research in the fields of sustainability, crop production […]
Iraq's First Closed-Loop Car Wash
A closed-loop vehicle washing system designed for semi-permanent installations is being installed in the United States Embassy to Iraq in Baghdad. Launched by Riveer, a provider in engineered wash-water recovery systems, CamelRack filters and recycles wash-water for indefinite periods of time without intervention, separating dirt and oils, while freshening the water for reuse by injecting […]
DFR welcomes Latvian delegation to Kurdistan
The Head of the Department of Foreign Relations, Minister Falah Mustafa, welcomed a Latvian delegation headed by a senior official from the their Ministry of Foreign Affairs, Mr. Rudolfs Bremanis, to the Kurdistan Region. The delegation is visiting Kurdistan to view potential investment and business opportunities and to pave the way for strengthening relations. Mr. […]
Japanese Signs Loan Agreement with Iraq
On February 16, The Japan International Cooperation Agency (JICA) concluded a Japanese ODA loan agreement with the Republic of Iraq to provide a loan of up to 39.118 billion yen for the Port Sector Rehabilitation Project (Phase II), at the Ministry of Finance, Baghdad. This is the 20th loan agreement under the Japanese ODA loan […]
Jordan, Iraq Discuss Oil Pipeline
Jordan and Iraq began a coordination meeting with international companies interested in constructing an oil pipeline between the Iraqi city of Basra and the port city of Aqaba in Jordan. Work on the project will begin soon, and once completed, it will be used to export crude Iraqi oil through the Aqaba port. The final […]