Sunni Endowment Official Arrested for Bribery
By John Lee. A team from Iraq's Commission on Integrity (CoI) has arrested an official of the Sunni Endowment for taking bribes to from investors in return for the use of a property owned by the Endowment. The official is accused of taking a bribe of $250,000 in return for the use of the Sara […]
Ten Years is an Eternity
The British Prime Minister Harold Wilson once said that a week is a long time in politics. If that's true, then ten years is an eternity. As we mark the tenth anniversary of the US-led invasion of Iraq, everyone has had plenty of time to consider the pros and cons of the military action, and […]
Investment Opportunity in Nassiriya
By John Lee. Iraq's Ministry of Construction and Housing has announced an investment opportunity in the governorate of Nasiriyah to build a residential complex for Ministry staff and state employees. The project is located on a 250,000 m2 site on the island of Kushmarah, on the highway in the northern part of Nasiriyah city, adjacent […]
10 Yrs After Invasion, Iraq Still Imports Oil Products
Translated from Azzaman Iraq for Al-Monitor by Naria Tanoukhi. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Former Iraqi oil minister Issam al-Jalabi says that although Iraq is an oil-rich country, it still imports petroleum products from abroad to meet its needs 10 years after […]
Goods Without Cert of Origin Prevented Entering Iraq
By John Lee. Authorities at Traibeel [Tirbil, Tarbiel] border crossing (pictured) between Iraq and Jordan have said that trucks carrying goods without an official certificate of origin certified by the Iraqi Embassy will not be allowed to enter Iraq. Yaseen al-Falahi, Director of the border post, told NINA that the measures are to prevent sub-standard […]
Iran's Role In Iraqi Dinar Devaluation
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. There were conflicting accounts of the reasons for the rise in the value of the US dollar against the Iraqi dinar earlier this month. Politicians and economists have said that Iranian […]
Postponement of Provincial Elections in Anbar, Nineveh
By Reidar Visser. The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq […]
Maliki Re-Elected as Head of Dawa Party
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Prime Minister Nouri al-Maliki has won a third term for the presidency of his Islamic Dawa Party in an election that was attended by a number of Iraqi political leaders […]
Video: Why Western Oil Firms Struggle in Iraq
CNN's Fareed Zakaria speaks with Paul Brinkley, former U.S. Deputy Under Secretary for Business Transformation with the Department of Defense, about his efforts to get major American companies to set up in Iraq: (Source: CNN)
Dana/Crescent Invest $1bn in Kurdistan
Dana Gas PJSC, the Middle East’s leading private-sector natural gas company, and Crescent Petroleum, the Middle East’s oldest private oil and gas company, in their capacity as joint operators, have announced that the total investment on behalf of the partners in gas operations in the Kurdistan Region of Iraq has exceeded US$1 billion. Total cumulative […]
More Progess at Halfaya
By John Lee. The Missan Oil Company has finished drilling one of the new wells at the al Halfaya field. Director General of the company, Ali Imurig Soadj, said that the BOHI company, contracted by Petrochina, completed the HF-107-K107 well at the al Mushrif reservoir. Thirty-five wells have been drilled at Halfaya, including 8 old […]
UK Media Group sets up at Kurdish University
By John Lee. An online, student-run producer and broadcaster of live interactive TV and documentaries, first established at UK's Warwick University in 2011, has been introduced to the University of Kurdistan-Hewler in Iraq. UKH SIBE held its introduction event recently and received a warm welcome with just under 400 students, around 40 percent of the student […]