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 […]
"No Time Limit" for Sonangol
An Oil Ministry spokesman has said that the ministry "will not put time limit for the Angolan oil company [Sonangol] in developing Najma and Qayara oilfields, due to the security obstacles facing it in these areas". According to the report from Aswat Al Iraq, the company suffered terrorist attacks on its personnel and sites, so […]
Czech Diplomat Visits KRG
The Head of the Embassy Office of the Czech Republic, Dr. Jaroslav Reif visited the KRG's Department of Foreign Relations on Monday to meet with the Head of the Department, Minister Falah Mustafa and the Assistant Head, Siham Jabali to discuss his new role and ways to strengthen mutual relations. Dr. Reif is the first […]
The Truth Behind #WeAreThePeople
#wearethepeople has been tweeted more than four million times in the past three weeks. It looks like an anti-government protest, but who’s really behind it? The Trending team investigates how financial ‘gurus’ are using the hashtag to encourage people to buy Iraqi dinar. Click here to listen to the report from BBC. (Source: BBC) (Iraqi […]
High Level Kurdish Delegation Arrives in Baghdad
By John Lee. A delegation from the Kurdish Regional Government, including Iraqi Kurdish Prime Minister Nerchivan Barzani and Natural Resources Minister Ashti Hawrami (pictured) are in Baghdad to resolve the long running dispute over oil exports from the KRG, Reuters reports. The drive to solve the row over exports gained new urgency in 2011 when […]
Canadian Minister on Historic Trade Mission
By Robert Tollast. Lynne Yelich, the Canadian Minister of State for Foreign and Consular Affairs, has completed a 3 day trade mission visiting Basra, Baghdad and Erbil. It is the first Canadian mission of its kind to Iraq in 25 years, and saw the opening of a Canadian trade office in Erbil. Her delegation was […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th February 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,936 (-0.1%)/ $2,056 (-0.1%) (weekly change). The number of week traded shares was 13.8bn and the weekly trading […]
Sadr's Political Exit Boosts Maliki
By John Lee. Iraqi political analyst Ali Ameer has told Reuters that radical cleric Moqtada al-Sadr's retirement from politics will boost Prime Minister Maliki in the forthcoming April general elections. "Sadr's decision will definitely play into the hands of Maliki one way or the other," said Ameer, echoing the thoughts of other analysts. Sadr, who […]
Underage Marriage Growing in Iraqi Cities
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Rumors circulated that a man in his 90s who had married a girl 70 years his junior had died recently in Salahuddin province, north of Baghdad. This shocking news is only one part of the “uneven marriages” that have become endemic […]
Southern Gas Corridor is Open for Iraq
By John Lee. Azerbaijan's foreign minister, Elmar Mammadyarov (pictured), has said that the Southern Gas Corridor project is open for Iraq to transport its gas to the European markets. Addressing a news conference, he said: "It's a huge project ... and it's open if Iraq is also interested in delivering their own natural gas. "The […]